This global market research report includes a detailed segmentation of the vibration sensor market by application (aerospace, automotive, consumer electronics, healthcare, and industrial machinery). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Brüel & Kjær, Hansford Sensors, Murata Manufacturing, Omron, and VibraSens.
Technavio’s market research analysts estimate the global vibration sensor market, to grow at a CAGR of around 6% between 2016 and 2020. Machines are becoming more complex leading to an increased usage of sophisticated vibration sensors to maximize the performance of engineering processes. Vibration sensors aid in the effective prediction of machine failures and reduction in frequency and severity of equipment downtimes. The Americas dominate the global market for vibration sensor, accounting for 40% of the total market share. Much of the region’s growth comes from the high demand from aerospace, manufacturing, and healthcare sectors.
The new market research report from Technavio provides a breakdown and analysis of the vibration sensor segments by technology.
“One of the interesting trends gaining traction in this market is the growing use of wireless vibration sensors. These wireless sensors enable accurate real-time maintenance analysis and control of machines through pervasive vibration monitoring. They are fully integrated sensors, and assist in detecting performance shifts precisely and reliably, and minimise the upfront and recurring maintenance expenses drastically,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research
The aerospace segment is the largest segment and is expected to grow at a CAGR of 4% during the forecast period. It is a major revenue-contributing segment of due to its increasing usage in aircrafts to reduce turbulence and analyze engine problems, thus, eliminating unnecessary engine removals. Vibration sensors are also used to identify component wear in bearings, rotating shafts, conveyors, and other line equipment in machines.
The leading vendors in the global vibration sensor market include Brüel & Kjær, Hansford Sensors, Murata Manufacturing, Omron, and VibraSens. This market has an immense growth potential due to increasing adoption of these sensors in many segments. New vendors are expected to enter the market, thus increasing the competition. The market will see an increase in R&D due to the introduction of new technologies.
A more detailed analysis is available in the Technavio report, Global Vibration Sensor Market 2016-2020.
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