Home > Semiconductors & Electronics > Sensors > Vibration Sensor Market

Vibration Sensor Market Size

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

Download Free Sample

Vibration Sensor Market Size

Vibration Sensor Market size exceeded USD 3 billion in 2021 and is anticipated to grow at over 7% CAGR between 2022 and 2028. The market growth is attributed to the rising adoption of machine condition monitoring systems in the manufacturing sector.

To get key market trends

Download Free Sample

Vibration sensor are integrated into condition monitoring systems, allowing users to identify abnormalities, damages, and balancing issues in heavy machinery. The growing integration of Industrial IoT technology into the manufacturing environment has encouraged market players to develop advanced technology sensors.

The COVID-19 pandemic negatively impacted the market, resulting in the shutdown of several production facilities, supply chain disruptions, and international trade barriers. Due to the declining demand from end-user industries, such as automotive, consumer electronics, and healthcare, several OEMs have reduced their manufacturing capacities, thereby restricting growth opportunities for the industry.

However, by the end of 2021, manufacturing was encouraged to reorganize operations and increase investments in vibration sensing technology to gain a significant competitive advantage. Plant owners are also focusing on integrating automated machinery and condition monitoring equipment to increase productivity.

Vibration Sensor Market Report Attributes
Report Attribute	Details
Base Year:	2021
Vibration Sensor Market Size in 2021:	USD 3 Billion
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	7%
2028 Value Projection:	USD 5 Billion
Historical Data for:	2017 to 2021
No. of Pages:	250
Tables, Charts & Figures:	248
Segments covered:	Product, Output, Application
Growth Drivers:	Growing adoption of condition-based asset monitoring equipment in manufacturing sector Rising adoption in Industrial IoT (IIoT) Proliferation of automotive manufacturers in Asia Pacific Growing adoption of wireless sensor technology Increasing adoption of smart home security appliances Increasing disposition towards predictive maintenance
Pitfalls & Challenges:	Operational issues in high temperature conditions High maintenance cost

Learn more about the key segments shaping this market

Download Free Sample

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.