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Attractive Opportunities in the Vibration Sensors Market

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MarketsandMarkets™

The Vibration sensors market was valued at USD 2.0 billion in 2020 and is projected to reach USD 3.0 billion by 2025; it is expected to grow at a CAGR of 8.2% from 2020 to 2025.


A few key factors driving the growth of this market are growing adoption of automated condition monitoring technologies for the development of smart factories, rising use of wireless systems for machine condition monitoring, ongoing transition from preventive to predictive maintenance, and increasing demand for vibration sensors from emerging applications.


Key Market Players


Baker Hughes Company (US), TE Connectivity (Switzerland), SKF (Sweden), Honeywell International Inc. (US), Emerson Electric Co. (US), Robert Bosch (Germany), NXP Semiconductors (Switzerland) Omron Corp. (Japan), Rockwell Automation Inc. (US), National Instruments (US), Robert Bosch (Germany), Dytran Instruments, Inc. (US), KEYENCE Corp. (Japan), Fluke Corp. (US), Wilcoxon Sensing Technologies (US), PCB Piezotronics (US), and SPM instrument (Sweden), are among the major players in the vibration sensors market.


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Vibration sensors market for online vibration monitoring to grow at higher CAGR during forecast period


The vibration sensors market for online vibration monitoring is expected to grow at a higher CAGR during the forecast period. Currently, online vibration monitoring is a preferred monitoring process as it is more advanced than portable condition monitoring and provides real-time machine data to plant operators. This monitoring process is widely used in critical plants that work continuously and are highly prone to defects.


Accelerometers to hold largest share of market during forecast period


Accelerometers are expected to account for the largest share of the vibration sensors market during the forecast period. The growth of this segment can be attributed to the increased use of accelerometers for collecting vibration monitoring data. Piezoelectric accelerometers are the most commonly used sensors in vibration monitoring applications. They are suitable for a wide band of frequencies, ranging from very low to very high frequencies. These accelerometers are also available in a wide variety of application-specific designs.


The vibration sensors market for an automotive industry expected to grow at the highest CAGR market during the forecast period


The automotive segment of the market is projected to grow at the highest CAGR during the forecast period. The global automotive industry is focusing on automating and upgrading assembly lines, which require motor monitoring systems and vibration sensors. Motor current signature analysis helps reduce machine failures and extends the life of machines. The automotive industry is witnessing significant growth in the number of units produced per day. The machinery on the production floor is required to be maintained properly to minimize the production cycle and increase production output.


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Vibration sensors market for APAC to grow at the highest CAGR during the forecast period


The market in APAC is expected to grow at the highest CAGR during the forecast period. Ongoing industrialization, growing adoption of predictive maintenance tools, and increasing competitive pressure on industries such as oil and gas, energy and power, chemicals, and automotive to achieve operational efficiency are fueling the growth of market in APAC. The expansion of manufacturing activities as a result of the migration of production bases to APAC countries, such as China, India, and South Korea, with low labor costs, is also driving the growth of the vibration sensors market in APAC.

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