According to the recent study the vibration sensor market is projected to reach an estimated $2.7 billion by 2028 from $1.9 billion in 2023, at a CAGR of 7.5% from 2023 to 2028. Growth in this market is primarily driven by rapid industrialization, increasing demand for automated condition monitoring technologies, and rising popularity of predictive maintenance over preventive maintenance.
A more than 150-page report is developed to understand trends, opportunities and forecast in vibration sensor market by product type (accelerometers, velocity sensor, and displacement sensor), technology (piezoresistive, strain gauge, variable capacitance, hand probe, optical sensor, tri-axial sensors, and others), material (doped silicon, piezoelectric ceramics, and quartz), end use industry (automobile, consumer electronics, healthcare, aerospace & defense, oil & gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Accelerometer market is expected to remain the largest segment during the forecast period.”
Based on product type, the vibration sensor market is segmented into accelerometers, velocity sensor, and displacement sensor. Lucintel forecasts that the accelerometer market is expected to remain the largest segment due to the increasing penetration of accelerometer among various end use industries, such as automotive, consumer electronics, and manufacturing.
“Within the vibration sensor market, the automobile segment is expected to remain the largest end use industry”
Based on end use industry the automobile segment is expected to witness the highest growth over the forecast period due to stringent government regulations for usage of vibration sensors to monitor engine’s condition and growing application of these sensors in airbags and engine vibration units.
“North America will dominate the vibration sensor market in near future”
North America will remain the largest region due to the growing demand of electric vehicles and increasing application of these sensors in the aerospace and defense sectors.
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Major players of vibration sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ASC GmbH, Analog Devices, Dytran Instruments, Honeywell, and Hansford Sensors are among the major vibration sensor providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/vibration-sensor-market.aspx or [email protected]