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Vibration Sensor Market Share

Report ID: GMI5191
Published Date: Jan 2022
Report Format: PDF

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Vibration Sensor Market Share

Prominent companies operating in the market are

Fluke Corporation
Amphenol (Maryland), Inc
PCB Piezotronics, Inc.
Murata Manufacturing Co., Ltd.
STMicroelectronics
Montronix GmbH
Analog Devices, Inc.
Althen

These market leaders are focusing on developing new products and strategic collaborations to accelerate their product offerings and cater to the high competitiveness among other market players.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Market size of vibration sensor surpassed USD 3 billion in 2021 and is expected to grow at a CAGR of 7% from 2022 to 2028 considering the increasing adoption of machine conditioning monitoring systems across the manufacturing sector.

Vibration sensors are used across various applications such as healthcare, aerospace & defense, automotive & transportation, chemical, consumer electronics, oil & gas, and others.

The accelerometers held for 45% of the market share in 2021 and is estimated to record a growth rate of 8.5% by 2028 owing to numerous high-end features such as durability in harsh conditions, low-cost implementation, wide frequency range, and linearity.

Asia Pacific market accounted for 45% of revenue share in 2021 and is slated to grow at 8% through 2028 driven by increasing government efforts towards the promotion of automotive-grade semiconductor manufacturing in the region.