Vibration Sensor Market Set to Witness Explosive Growth by 2030

The Market Statsville Group (MSG) publishes the new report on the "Vibration Sensor Market

The Market Statsville Group (MSG) publishes the new report on the "Vibration Sensor Market by Product (Accelerometers, Velocity Sensors, Non-contact Displacement Transducers, and Other Products), by End User (Automotive, Healthcare, Aerospace and Defence, Consumer Electronics, Oil and Gas, and Other End-user Verticals), and by Region - Global Trends, Market Share, and Forecast to 2027". The global vibration sensor market was valued at USD 4081 million in 2020 to USD 6682.89 million by 2027, at a CAGR of 7.3% from 2021 to 2027. Over the last decade, IoT solutions were increasingly adopted for optimizing discrete manufacturing products and environments. Discrete manufacturers (in automotive, industrial machinery), along with process manufacturers, face intense competition. Hence, they are increasingly investing in new technologies that leverage the capabilities of IoT, cloud, and Big Data analytics to enhance their ability to innovate maximize return on their assets. Globally, environmental regulations on emissions are increasing. The rules often require control and continuous measurement of pollutant gases, dust, and other toxic materials. It is necessary to secure the availability of data needed by environmental regulatory agencies to ensure continual operations. Else, fines and penalties up to and including plant shutdown could occur.

Global Vibration Sensor Market Segmentation

The overall vibration sensor market has been segmented into the product, monitoring process, technology, material, end user, and regions.

  • By Product Outlook (Accelerometers, Velocity Sensors, Non-contact Displacement Transducers, and Others)
  • By Monitoring Process Outlook (Online Vibration Monitoring and Portable Vibration Monitoring)
  • By Technology (Piezoresistive, Strain Gauge, Variable Capacitance, Hand Probe, Optical Sensor, Tri-axial Sensors, and Others)
  • By Material (Doped Silicon, Piezoelectric Ceramics, and Quartz)
  • By End User (Automotive, Healthcare, Aerospace and Defence, Consumer Electronics, Oil and Gas, and Others)
  • By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Automotive, by component, is estimated to hold the largest market share during the forecast period

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Based on the end user verticals, the global vibration sensor market has been segmented into automotive, healthcare, aerospace and defense, consumer electronics, oil and gas, and other end-user verticals. In 2020, Automotive accounted for the largest market share of 25.27% in the global vibration sensor market and had a CAGR of 5.4% during the forecast period.

Automotive vehicles have undergone various changes over the last few decades. Previously, cars were mechanical, mostly with basic electrical systems that offered headlights and spark plugs power. As technology progressed, cars were fitted with the latest gadgets, such as radios, alarms, wipers, etc. Various technological advancements have also been made to vehicles for safety purposes, such as airbag deployment, etc. The increase in these sensor-dependent features has driven engineers to develop more accurate sensors with automotive applications in mind. The automotive sector's vibration sensors are being embraced to detect mechanical vibrations, such as knocking, from an engine body. The vibration sensor prevents the vibrator from being deformed by thermal stress even if the temperature near the sensor rises sharply. A stable, resonant frequency will be maintained when detecting the vibration of an engine body.

The Asia Pacific accounts for the largest market share during the forecast period

Based on the regions, the global vibration sensor market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East Africa. In 2020, Asia Pacific is accounted for the highest market share of 33.95% in the global vibration sensor market and was anticipated to maintain its dominance throughout the forecast period, followed by Europe and North America. China has the highest revenue share of 34.13% in the Asia Pacific and growing at a CAGR of 7.3% during the forecast period.

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China has a major contribution toward process control and product manufacturing, as it houses some prominent vendors of the market. In addition to that, supportive government regulations aimed at passenger safety, industrial automation, environment monitoring, etc., also make China, a substantial buyer of vibration sensors. The Chinese auto market was affected by regulations that mandate the use of TPMS for new vehicles starting in 2019. The region houses prominent automakers, such as Toyota, Nissan, Honda, Mazda, Mitsubishi, Subaru, and Suzuki, potential buyers. However, the passenger and commercial vehicle sales decreased to 21.44 million units in 2019, compared to 24.71 million in 2018, and 4.32 million units in 2019 from 4.37 million units in 2018 for commercial vehicles, respectively, according to the China Association of Automobile Manufacturers.

Some of the major companies that operate in the global vibration sensor market are Rockwell Automation Inc., TE Connectivity Ltd, SKF GmbH, National Instruments Corporation, NXP Semiconductors NV, Texas Instruments Incorporated, Honeywell International Inc., Analog Devices Inc., Emerson Electric Corp., Hansford Sensors Ltd, and Bosch Sensortec GmbH.

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About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

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