Vibration Sensor Market: Asia Pacific Is Estimated To Record The Fastest CAGR From 2022 To 2030

 Vibration Sensor Industry Overview

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. 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.


Vibration Sensor Market Segmentation

Grand View Research has segmented the global vibration sensor market based on type, technology, material, end-use, and region:


Based on the Type, the market is segmented into Accelerometers, Velocity Sensor, and Displacement Sensor.

  • The accelerometer segment dominated the market in 2021 and accounted for more than 44.0% share of the global revenue. This high share is attributed to the increasing adoption of accelerometers in industries, such as automotive, consumer electronics, and manufacturing, among others. Furthermore, several companies in the market, including Hansford Sensors and Robert Bosch LLC, are focusing on the development of tri-axial accelerometers, which is driving the segment growth. 
  • The increasing adoption of displacement sensors for detecting defects in stacked Printed Circuit Boards (PCBs) and the positioning of electronic components on PCBs is one of the major factors driving the segment growth. Moreover, displacement sensors are used in elevators for synchronizing the opening of elevator car doors with the level of building floors that boosts the segment growth further.


Based on the Technology, the market is segmented into Piezoresistive, Strain Gauge, Variable Capacitance, Hand Probe, Optical, Tri-Axial, and Others.

  • The piezoresistive segment dominated the market in 2021 and accounted for more than 24.0% share of the global revenue. The benefits offered by piezoresistive vibration sensors, such as fixed sensitivity and cheaper electronics and cabling needs, are expected to drive the segment growth. Piezoresistive accelerometers are widely used in automobile safety applications, such as anti-lock braking systems, airbags, and traction control systems.
  • The tri-axial sensor segment is anticipated to grow at the highest CAGR over the forecast period. The capability of a tri-axial sensor to provide a quick and accurate phase analysis is expected to drive its demand across industries. Furthermore, rising adoption in automotive gearboxes for the identification of gear mesh faults bodes well for the growth of this segment.


Based on the Material, the market is segmented into Doped Silicon, Piezoelectric Ceramics, and Quartz.

  • The quartz segment dominated the market in 2021 and accounted for more than 43.0% share of the global revenue. The benefits offered by quartz-based vibration sensors, such as high precision, low threshold, simple structure, and low power consumption, are expected to drive the segment growth. 
  • The piezoelectric ceramics segment is anticipated to register significant growth over the forecast period. A rise in the use of piezoelectric ceramics in applications, such as automotive and energy harvesting, is expected to drive the segment growth. They are also used in dynamic wheel balancing machines where a signal is generated in the sensor for every imbalance in the wheel.

 


Based on the End-use, the market is segmented into Automobile, Consumer Electronics, Healthcare, Aerospace & Defense, Oil & Gas, and Others.

  • The automobile segment dominated the market in 2021 and accounted for more than 27.0% share of the global revenue. The increased product usage in vehicles to detect mechanical vibrations, such as knocking from the engine body, is anticipated to drive the segment growth. Furthermore, in recent years, there has been an increase in the adoption of vibration sensors for the non-destructive testing of automobiles.
  • The aerospace & defense segment is anticipated to register the fastest CAGR over the forecast period. Accelerometers are used in the aerospace industry for applications, such as inertial navigation, industrial measurement, and guidance & control. Vibration sensors are also used for monitoring turbine engine failures as it is a primary cause of mechanical failures that increase the maintenance costs in the aerospace industry.

 


Key Companies & Market Share Insights

Various players in the market are focusing on their R&D activities to develop new products. The R&D activities of Analog Devices, Inc. enabled it to launch the accelerometer, ADXL372, which is designed for the long-term monitoring of the physical condition of machines. Some of the other strategies adopted by market players are mergers, acquisitions, and partnerships. For instance, TE Connectivity, Ltd. has established a partnership with Mouser Electronics, Inc., under which, Mouser Electronics, Inc. distributes TE Connectivity, Ltd.’s vibration sensors across Europe.

Product innovation and heavy R&D investments are the major strategies used by leading players in the market. For instance, Analog Devices Inc.’s R&D expenses accounted for USD 1,296.1 million, USD 1,050.5 million, and USD 1,130.3 million in FY 2021, FY 2020, and FY 2019, respectively. The company uses the investments for enhancing its product offering and market position. 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
  • National Instruments Corporation
  • TE Connectivity
  • Bosch Sensortec GmbH
  • Baumer

 

Order a free sample PDF of the Vibration Sensor Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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