- Report ID: BMRC 1217 | Number of pages: 200 | Publish Date: Jul 2020
Status: Published | Category: Technology And Media | Delivery Timeline:
Vibration Sensor Market is valued at USD 2.68 Billion in 2018 and expected to reach USD 3.98 Billion by 2025 with the CAGR of 5.80% over the forecast period.
The rising adoption of vibration sensors in the aerospace industry and surge in the need for machine condition monitoring and maintenance are the major factors for driving the growth of Global Vibration Sensor Market.
Scope of Global Vibration Sensor Market Report–
A vibration sensor can also be called a vibration sensor, which converts the vibrations into an equivalent electrical output (such as voltage). These sensors are used to measure the vibration levels in rotating machines. Vibration refers to any movement of an object from its average position. It can be caused by a variety of reasons, such as external excitation, unbalanced centrifugal force, and friction between the surface and the wind. It is used to detect any catastrophic event and take preventive measures. However, in industrial and commercial fields, this vibration is undesirable since it can damage the machine. In addition, excessive damage is not without danger for humans. Therefore, to avoid this dangerous situation, the vibration level should be measured using a vibration sensor. Vibration sensors are used to detect faults in the machine components. Vibration sensors can increase safety as they can detect the frequency which can damage the machines and the people who use the machine. In addition, it is also used to improve mechanical precision. The difference between the vibration sensor and other sensors is the natural frequency, the damping coefficient and the scale factor. The level of accuracy of the vibration sensor is determined by both the natural frequency and the damping coefficient.
Global Vibration Sensor market is segmented on the basis of product, sensing technology, application and region. On the basis of product, the market is segmented into velocity sensors, electrodynamics, accelerometers, non-contact displacement transducers and other products. On the basis of sensing technology, the market is segmented into piezo resistive, variable capacitance, tri-axial sensors, strain gauge and hand probe. On the basis of application, the market is segmented into automotive, consumer electronics, oil and gas, aerospace and defense, healthcare and other end-user industries.
The regions covered in this Vibration Sensor market report are North America, Europe, Asia-Pacific and Rest of the World. Based on the country level, market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players of the Vibration Sensor market are,
Global Vibration Sensor Market Dynamics-
The use of vibration sensors in seismic intensity levels to detect and prevent catastrophic events is expected to stimulate the global market for vibration sensors. These devices help detect small vibrations and send alerts to users in the event of natural disasters (such as earthquakes or tsunamis), thereby reducing the loss of property, financial funds and lives. In addition, the demand for predictive maintenance of rotating machines (including pumps, motors, bearings, turbines, etc.) is increasing as it saves enormous cost, which should further encourage growth in this market. According to international society of automation, various plants lose 5% of its production each year due to downtime. In other words, manufacturers in various industries around the world have remitted approximately $ 647 billion, which is equivalent to almost $ 13 trillion in production. For an ordinary cement plant, the loss of production is equivalent to almost 7 million US dollars. The increasing adoption of this technology allows manufacturers to increase their production at lower cost. However, the lack of skilled labor and other technical resources, the availability and lack of end-user methods to analyze and forecast machine conditions will limit the growth of the global vibration monitoring market. Significant opportunities exist in Automotive industry due to its ever increasing use of vibration sensors for reducing quality related issues and defects, thereby saving enormous costs in production.
Asia Pacific is expected to Witness a Fastest Growth in the Global Vibration Sensor Market
Due to the presence of players in the vibration sensor market, the presence of manufacturers in the automotive industry and the widespread adoption of these sensors in the aerospace industry, Europe should maintain its dominant position in the global market for vibration sensors in forecasted period. The UK has the largest aerospace industry. Almost a fifth of global revenues come from aerospace; the country is second behind the United States. The growth of consumer electronics in the UK has resulted in an increase in the number of vibration sensors built into equipment. In 2016, active portable devices fueled growth in retail sales of portable electronic products, selling 2.2 million products in the United Kingdom. Due to the development of industrialization in the region, the Asia-Pacific region is expected to experience the fastest growth over the forecast period, which increases demand for predictive machine maintenance. In addition, falling labor costs have forced various global manufacturers to expand their production bases to countries like India, China and South Korea. Japan is an earthquake-prone country, and earthquakes often occur in Japan. The use of vibration sensors is increasing in the region to reduce the losses that occurred during the earthquake.
Key Benefits for Global Vibration Sensor Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Vibration Sensor Market Segmentation:–
By Product: Velocity Sensors, Electrodynamics, Accelerometers, Non-contact Displacement Transducers, Other Products
By sensing technologies: Piezo resistive, Variable capacitance, Tri-axial sensors, Strain gauge, Hand probe
By Applications: Automotive, Consumer Electronics, Oil and Gas, Aerospace and Defense, Healthcare, Other
End-user Industries: Variable capacitance, Tri-axial sensors, Strain gauge, Hand probe
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Vibration Sensor Market 2020 By Product: (Velocity Sensors, Electrodynamics, Accelerometers, Non-contact Displacement Transducers, Other Products), By sensing technologies: (Piezo resistive, Variable capacitance, Tri-axial sensors, Strain gauge, Hand probe), By Applications: (Automotive, Consumer Electronics, Oil and Gas, Aerospace and Defense, Healthcare, Other) Forecast to 2025