The global vibration sensor market is expected to grow at a CAGR of 5% by 2025


   April 8, 2021
According to a new market report by Lucintel, the future of the global vibration sensor market looks promising with opportunities in the automotive, healthcare, and consumer electronics industries. The global vibration sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 5% from 2020 to 2025. The major growth drivers for this market is the rising demand for predictive maintenance in rotating machinery, including pumps, motors, bearings, and turbines and growth of the consumer electronics industry.

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In this market, accelerometers, velocity sensors, and non-contact displacement transducers are the major product types. Lucintel forecasts that accelerometers are expected to account for the largest share of the vibration sensor market during the forecast period due to increased use of accelerometers for collecting vibration monitoring data.

Within the vibration sensor market, the automotive end use segment is projected to grow at the highest CAGR during the forecast period because the automotive industry is focusing on automating and upgrading assembly lines, which require motor monitoring systems and vibration sensors.

Asia Pacific is expected to witness the highest growth over the forecast period, supported by increased demand for predictive maintenance of machineries and growth of the consumer electronics industry.

Emerging trends, which have a direct impact on the dynamics of the industry, include piezoelectric (PE) accelerometers, variable capacitance (VC) accelerometers, piezoresistive accelerometers, and IOT-based wireless vibration sensors. Honeywell, Advanced Sensors Calibration, Analog Devices, Futek Advanced Technology, DIS Sensors, Dytran Instruments, Global Sensor Technology, Hansford Sensors, and LORD MicroStrain are among the major manufacturers of the vibration sensor market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global vibration sensor market by product type, end use industry, technology, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Vibration Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global vibration sensor market by product type, end use industry, technology, and region as follows:

By Product Type [$M shipment analysis for 2014 – 2025]:



  • Accelerometers


  • Velocity Sensors


  • Non-Contact Displacement Transducers


By Technology [$M shipment analysis for 2014 – 2025]:



  • Piezoresistive


  • Tri-Axial


By End Use Industry [$M shipment analysis for 2014 – 2025]:



  • Automotive


  • Healthcare


  • Consumer Electronics


  • Others


By Region [$M shipment analysis for 2014 – 2025]:



  • North America


    • United States


    • Canada


    • Mexico




  • Europe


    • Germany


    • UK


    • Italy




  • Asia Pacific


    • China


    • Japan


    • India


    • South Korea




  • Rest of the World


 

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.



About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.


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