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Vibration Sensor Market 2023 | Size to Hit US$ 6.1 Billion at a CAGR of 5.52% by 2028 | Report by IMARC Group
Vibration Sensor Market 2023
The global vibration sensor market size reached US$ 4.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.52% during 2023-2028.
A vibration sensor, also known as piezoelectric sensor, represents mechanical equipment used for converting vibrations from objects into electrical output. It is used to record and measure the changes in acceleration, velocity, and displacement caused by faults in machines and rectify any external excitation, unbalanced centrifugal force, or friction between surfaces. Accelerometers, velocity sensors, strain gauge, capacitive displacement sensors, laser displacement sensors, etc., are some of the commonly utilized vibration sensors. They are generally equipped with industrial health monitoring systems and vibration sensor alarms that assist in enhancing the operational efficiency and overall safety of the workers. Consequently, these sensors find wide-ranging applications across several industries, such as healthcare, automotive, aerospace, consumer electronics, etc.
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Global Vibration Sensor Market Trends:
The emerging trend of industrial automation and the inflating levels of industrialization are primarily driving the vibration sensor market. Additionally, the escalating demand for predictive maintenance techniques and tools to monitor the condition of equipment and devices and identify symptoms of wear and failure is further catalyzing the market growth. Besides this, the growing utilization of vibration sensors in rotating machinery, including pumps, motors, bearings, turbines, etc., is acting as another significant growth-inducing factor.
Moreover, the increasing integration of Machine Learning (ML), the Internet of Things (IoT), cloud-based analysis, Big Data, wireless sensor networks, etc., with machine vibration measurements is positively influencing the global market. Apart from this, numerous technological advancements, such as the introduction of fiber optics and Micro-Electro-Mechanical System (MEMS) sensors that are resistant to extreme climatic conditions, are also propelling the market growth. Furthermore, extensive investments in R&D activities by leading manufacturers are anticipated to fuel the vibration sensor market over the forecasted period.
Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/vibration-sensor-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Analog Devices Inc.
• Bosch Sensortec GmbH (Robert Bosch GmbH)
• Dytran Instruments Inc.
• Emerson Electric Corp.
• FUTEK Advanced Sensor Technology Inc.
• Hansford Sensors Ltd.
• Honeywell International Inc.
• National Instruments Corporation
• NXP Semiconductors N.V.
• Rockwell Automation
• Safran Colibrys SA
• SKF
• TE Connectivity Ltd.
• Texas Instruments Incorporated
Key Market Segmentation:
Breakup by Product:
• Accelerometers
• Velocity Sensors
• Non-Contact Displacement Transducers
• Others
Breakup by Technology:
• Piezoresistive
• Strain Gauge
• Variable Capacitance
• Optical
• Others
Breakup by Material:
• Doped Silicon
• Piezoelectric Ceramics
• Quartz
Breakup by End-Use Industry:
• Automotive
• Healthcare
• Aerospace and Defence
• Consumer Electronics
• Industrial Machinery
• Others
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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