Vibration Sensor Market - Growth, Trends and Forecast (2019 - 2024)

The market is segmented by Product Type (Accelerometers, Velocity Sensor, Non-contact Displacement Transducer), Industry (Automotive, Healthcare, Consumer Electronics), and Region

Market Snapshot

vb1
Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

  • The global vibration sensor market was valued at USD 3,354.73 million in 2018, and is expected to reach USD 5,150 million by 2024, registering a CAGR of 7.39% over the forecast period (2019-2024). In an increasingly competitive industrial market, where new features are required to produce ‘smarter’ tools, monitoring the condition of various components has become a fundamental need. This is expected to boost the demand for vibration sensors over the forecast period.
  • The innovations and developments in technology led to better functioning and improved the productivity of machines. Thus, machine condition monitoring plays an important role in improving the machine’s performance.
  • Although the demand for vibration sensors has been on the rise since the last few years, compatibility concerns, especially in the case of old equipment, have been identified as major challenges affecting the market.
  • With the increasing energy demand, there is an increasing need for energy efficiency, which can only be obtained from the optimal maintenance of the electricity supply machinery.

Scope of the Report

Vibration monitoring and analysis are the important quality measurement phenomenon in modern industrial infrastructure. The three parameters that represent vibration monitors are velocity, acceleration, and displacement. The selection of the sensor is proportional to velocity, displacement, or acceleration, which depend on signal levels and frequency that are involved. 

By Product
Accelerometers
Velocity Sensors
Non-contact Displacement Transducers
Other Products
By End-User Industry
Automotive
Healthcare
Aerospace and Defence
Consumer Electronics
Oil and Gas
Other End-user Industries
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
South America
Brazil
Argentina
Mexico
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Aerospace & Defense End User to Hold Significant Share

  • Increase in situational awareness to drive operations, cost-effective maintenance, and increase in asset utilization are some of the key factors driving the demand for aircraft health monitoring systems.
  • The passenger traffic in Europe and other major aviation markets, such as the United Kingdom and Germany, have witnessed growth in terms of the number of passengers and aircraft movements, which is expected to drive the market during the forecast period.
  • Turbine engine failures are the primary cause of mechanical failures, which is increasing the costs; hence, users are increasingly turning to prognostic health management (PHM) systems to prevent these losses and to reduce maintenance costs. As vibration is the most common health monitoring parameter in the aerospace engine industry, the development of PHM systems is likely to have a direct impact on the growth of vibration sensors.  
Untitled

To understand key trends, Download Sample Report

United Kingdom to Hold Significant Share in Europe Region

  • The United Kingdom is home to the largest aerospace industry; with almost one fifth of the global revenues being generated form aerospace; the country is preceded only by the United States.
  • Advanced vibration sensors are used for harsh application environments, like rotor track and balance (RT&B) in aircraft. They also serve applications in aircraft design and testing, offering both DC-response (static) and AC-response (dynamic) types of accelerometers.
  • Growth of consumer electronics in the country has led to a rise in vibration sensors being integrated in the appliances. In 2016, retail volume growth of wearable electronics was driven by activity wearables, with 2.2 million sold products in the United Kingdom.
VB4

To understand geography trends, Download Sample Report

Competitive Landscape

  • The vibration sensor market is highly fragmented. The presence of global sensor manufacturers, with established brand identities in the market, is expected to have a profound influence on the intensity of competitive rivalry, as new entrants face challenges in reaching out to consumers. Brand identity plays a strong role in determining buyer behavior.
  • Therefore, well-known companies have a considerable advantage over other players in the market. Some of the key players are Texas Instruments, Honeywell, and Emerson. Some of the key developments in the market include:
    • Analog Devices Inc. announced a next-generation accelerometer, designed for long-period monitoring of the physical condition of high-value assets. With its extremely low-power capabilities, the ADXL372 micropower high-g MEMS accelerometer targets Internet of Things (IoT) solutions, where shock and impact on a unit during storage, transit, or use would adversely affect its function, safety, or reliability.
    • Texas Instruments introduced the industry's highest performing reinforced isolated amplifier in June 2016.

Major Players

  1. SKF GmbH
  2. Bosch Sensortec GmbH
  3. Honeywell International Inc,
  4. Emerson Electric Corporation
  5. Texas Instruments Inc.

* Complete list of players covered available in the table of contents below

Picture12

Download the market shares of key players in this industry.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Increasing Need for Machine Condition Monitoring and Maintenance

      2. 4.3.2 Longer Service Life, Self Generating Capability, and Wide Range of Frequency of Vibration Sensors

    4. 4.4 Market Restraints

      1. 4.4.1 Compatibility With Old Machinery

    5. 4.5 Value Chain Analysis

    6. 4.6 Industry Attractiveness- Porters Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Accelerometers

      2. 5.1.2 Velocity Sensors

      3. 5.1.3 Non-contact Displacement Transducers

      4. 5.1.4 Other Products

    2. 5.2 By End-User Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Healthcare

      3. 5.2.3 Aerospace and Defence

      4. 5.2.4 Consumer Electronics

      5. 5.2.5 Oil and Gas

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Mexico

        4. 5.3.4.4 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 South Africa

        4. 5.3.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Rockwell Automation Inc

      2. 6.1.2 SKF GmbH

      3. 6.1.3 National Instruments Corporation

      4. 6.1.4 Texas Instruments Incorporated

      5. 6.1.5 Analog Devices, Inc.

      6. 6.1.6 Emerson Electric Corp.

      7. 6.1.7 Honeywell International Inc.

      8. 6.1.8 NXP Semiconductors NV

      9. 6.1.9 TE Connectivity Ltd.

      10. 6.1.10 Hansford Sensors Ltd.

      11. 6.1.11 Bosch Sensortec GmbH (Robert Bosch GmbH)

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information