Vibration Sensors Market 2020: Top Companies Analysis, Share, Current Trends, Segmentation and Forecast to 2025
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.
Vibration Sensor Manufacturers:
Key players of the Vibration Sensor market are,
ASC GmbH, Dytran Instruments, Inc., Emerson electric, TE
Connectivity Ltd., Honeywell International Inc., Texas Instruments Corporation,
FUTEK Advanced Sensor Technology Inc., National Instruments Corporation, MEMSIC,
Colibrys Ltd., FUTEK Advanced Sensor Technology, Hansford Sensors Ltd., Robert
Bosch GmbH, others
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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
By End-user Industries: Variable capacitance, Tri-axial sensors,
Strain gauge, Hand probe
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.
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.
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