Press release
Vibration Sensor Market 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : TE Connectivity Ltd., Honeywell International Inc., Emerson Electric Co., Robert Bosch GmbH, Dytran Instruments Inc.
Vibration Sensor Global Market Report
The Business Research Company offers in-depth market insights through Vibration Sensor Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The vibration sensor market size has grown strongly in recent years. It will grow from $4.06 billion in 2023 to $4.41 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to machinery health monitoring, regulatory compliance, predictive maintenance, growing demand for predictive maintenance, roth in awareness of vibration-related issues.
The vibration sensor market size is expected to see strong growth in the next few years. It will grow to $6.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to condition monitoring as a service (cmaas), energy harvesting sensors, consumer electronics integration, growing focus on safety and environmental compliance, increasing adoption of industrial internet of things (iiot).. Major trends in the forecast period include wireless vibration sensors, industry 4.0 and smart manufacturing, edge computing, condition monitoring as a service (cmaas), mems vibration sensors..
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Market Segmentation:
The vibration sensor market covered in this report is segmented -
1) By Product Type: Velocity Transducers, Electrodynamics, Accelerometers, Non-Contact Displacement Transducer
2) By Material: Doped Silicon, Quartz, Piezoelectric Ceramics
3) By Technology: Piezoresistive, Strain Gauge, Variable Capacitance, Optical
4) By End User: Aerospace, Coal And Quarry, Oil And Gas, Medical And Pharmaceuticals, Automobile, Consumer Electronics
Major Driver - Growing Airline Industry Boosting Vibration Sensor Market
The growing airline industry is expected to propel the growth of the vibration sensor market. In aircraft, vibration analysis is carried out on engines to check vibration levels and ensure no cracking, functioning avionics, and engine performance. According to Boeing's 2020-2039 commercial market outlook, India's domestic air passenger market is expected to double its size by 2030, from pre-pandemic levels, creating demand for an additional 2,200 new commercial aircraft in the next 20 years in India. Hence, the growing airline industry is expected to contribute to the demand for vibration sensors, thus driving the growth of vibration sensor market during the forecast period.
Competitive Landscape:
Major companies operating in the vibration sensor market include TE Connectivity Ltd., Honeywell International Inc., Emerson Electric Co., Robert Bosch GmbH, Dytran Instruments Inc., Fluke Corporation, NXP Semiconductors N.V., FUTEK Advanced Sensor Technology Inc., Hansford Sensors Ltd., Keyence Corporation, Colibrys Ltd., DIS Sensors, SKF GmbH, Texas Instruments Incorporated, Omron Corp., PCB Piezotronics, Rockwell Automation Inc., Siemens AG, STMicroelectronics NV, ams OSRAM AG, Endevco Corporation, PCB Piezotronics Inc., Sound and Vibration Measurement A/S, VTI Technologies Oy, MTS Systems Corporation, Hottinger Baldwin Messtechnik GmbH, Sensata Technologies Inc., LORD Corporation, GE Aviation Inc., United Technologies Corporation, Parker Hannifin Corporation, Meggitt plc, Rolls-Royce plc, Safran SA, Danaher Corporation, Teledyne Technologies Incorporated, Kistler Group
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Top Trend - Rising Technological Advancements In Vibration Sensors Market
Technological advancements are a key trend gaining popularity in the vibration sensors market. Technological advancement is the discovery of knowledge that advances technology. For instance, in January 2023, NSXe Co. Ltd., a Japan-based company providing services for mechanical equipment installation and maintenance, launched conanair, a Wi-Fi vibration sensor that enables users to detect bearing damage at a much lower cost than before. In wireless communication systems that have to handle high-frequency transmissions, 'Under Sampling' technology is usually utilized. Even at low sampling frequencies, it efficiently handles high-frequency signals by utilizing aliasing noise.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vibration Sensor Market Characteristics
3. Vibration Sensor Market Trends And Strategies
4. Vibration Sensor Market - Macro Economic Scenario
5. Vibration Sensor Market Size And Growth
…..
27. Vibration Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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