The global vibration sensor market size is expected to reach USD 9.78 billion by 2030, registering a CAGR of 7.1% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing adoption of vibration sensors for predictive maintenance is expected to drive market growth.
Vibration Sensor Market Report Highlights
- The accelerometers type segment led the market in 2021. A rise in the adoption of accelerometers in portable devices due to their enhanced capabilities in small unit size propelled the segment growth
- The piezoresistive technology segment led the market growth in 2021. A rise in the use of piezoresistive sensors in a variety of applications involving mechanical stress measurement favored the segment growth
- Various regulations, such as American Petroleum Institute (API) Standard 670: Machinery Protection Systems, mandate the usage of machinery monitoring systems, such as vibration sensors, in refineries. These regulations are expected to drive the market growth in the oil & gas end-use segment
- Asia Pacific is estimated to record the fastest CAGR from 2022 to 2030 due to the increasing adoption of earthquakes & tsunamis detection & prediction system in countries, such as the Philippines, South Korea, and Japan
- The vast supply chain disruptions caused by the COVID-19 pandemic hampered the market in 2020. However, the focus of several industries on automation amid the pandemic created the demand for accelerometers in 2021 as accelerometers enable users to remotely monitor their machine operations
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Accelerometers are the most common vibration sensors used for predictive maintenance for large rotating machines, such as pumps, motors, gearboxes, and turbines. Several companies in the market are entering into partnerships with other market players to develop smart vibration sensors. For instance, in April 2021, Advantech and RAD, IoT technology providers, partnered with Actility, a LoRaWAN Network Server provider.
Through this initiative, the companies announced the launch of Advantech’s WISE-2410 LoRaWAN smart vibration sensor with integration into the ThingPark Enterprise IoT platform of Actility. The growing demand for wireless vibration sensors among businesses due to benefits, such as long-distance communication, and use in hazardous locations is expected to drive market growth. Several market vendors are making efforts to cater to the growing demand for wireless vibration sensors. For instance, in October 2021, Fluke Reliability, a machine conditioning devices provider, partnered with Everactive, a technology company, to develop wireless vibration sensors.
COVID-19 Impacts Analysis On Vibration Sensor Market:
Owing to the lockdowns implemented amid the COVID-19 pandemic, several market vendors minimized their staff, which had a significant impact on the supply chain of the market. Increased restrictions due to the pandemic and disruptions caused in transportation, such as reduced availability of air transport, port closures, and border controls, limited the capacity of vibration sensor manufacturers to meet customer demand. The impact of the COVID-19 pandemic on industries and sectors, such as automotive, oil & gas, and aerospace & defense, is also likely to affect the market growth.
Vibration Sensor Market Insights By Geographical Regions:
North America dominated the market with a revenue share of more than 37.00%. This is attributed to the increased adoption of vibration sensors in the region’s well-established automotive sector. Moreover, a rise in product demand in consumer electronics applications is estimated to support the regional market growth. The Asia Pacific regional market is expected to register the fastest CAGR over the forecast period. Growing automation across several industries in the regions is creating the need for advanced vibration sensors.
Industry Share Analysis By Major Companies:
Various players in the market are focusing on their R&D activities to develop new products. Product innovation and heavy R&D investments are the major strategies used by leading players in the market. Some of the other strategies adopted by market players are mergers, acquisitions, and partnerships. Some of the prominent players in the global vibration sensor market are:
- ASC GmbH
- Analog Devices, Inc.
- Dytran Instruments Incorporated
- Honeywell International Inc.
- Hansford Sensors
- Safran Colibrys SA
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Vibration Sensor Market Segmentation
Grand View Research has segmented the global vibration sensor market based on type, technology, material, end-use, and region:
Type Outlook
- Accelerometers; Velocity Sensor; Displacement Sensor
Technology Outlook
- Piezoresistive; Strain Gauge; Variable Capacitance; Hand Probe; Optical; Tri-Axial; Others
Material Outlook
- Doped Silicon; Piezoelectric Ceramics; Quartz
End-use Outlook
- Automobile; Consumer Electronics; Healthcare; Aerospace & Defense; Oil & Gas; Others
Regional Outlook
- North America
- U.S.; Canada
- Europe
- Germany; U.K.
- Asia Pacific
- China; India; Japan
- Latin America
- Brazil
- Middle East & Africa (MEA)
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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