Vibration Sensors Market is anticipated to hit .92 billion by 2023
Posted by industryarc on August 6th, 2019
According to the new market research report by IndustryARC titled “Vibration Sensor Market: By Type (Accelerometers, EVT, NCDT); By Technology (Variable Capacitance, Piezo-resistive, Strain Gauge, Others); By Material (Ceramics, Quartz, Silicon); By Industry (Automotive, Nuclear, Consumer Electronics, Machine & Structural Monitoring, Mining, Others); By Geography – Forecast(2018-2023)”, the market is driven by the accentuating demand for vibration sensors and increasing emphasis on the use of wind energy as a source of renewable energy.
APAC held the largest market share in the Vibration Sensors Market
Asia Pacific region holds the largest market share in the Vibration Sensors Market and is anticipated to reach .52 billion by 2023 at a CAGR of 4.93%. However, Americas witnesses highest growth during the forecast period and is expected to reach .38 billion by 2023 at a CAGR of 6.36%. Asia Pacific is the biggest market for consumer electronics manufacturing, with China being the global leader. Along with it, China is also the biggest end user for smartphones with 500 million people having access. This growth in smartphone consumption will fuel the demand for vibration sensors. Asia Pacific region is also the hub for automobile industry with countries such as India, China, Indonesia and Japan having assembly lines. The South East Asia region is known for oil and gas reserves with Japan being the premium location for petroleum trade operations. The emergence of China as the country with highest coal production capacity has boosted the demand for vibration sensors market.
Selected Value Chain Analysis done in the full report
The vibration sensors operate on several principles include the involvement of Accelerometer measurements. This covers amplification, current excitation, AC coupling, and filtering. The requirements and manufacturing technology for each of these respective technologies differ significantly. The Research & Development is generally an in-house facility responsible for evaluating several parameters and specifications that are required to design vibration sensor. These parameters are mainly controlled by the applications where sensors need to be integrated. The applications are based on the engineering requirements corresponding to the instruments/devices where vibration sensors are embedded.
Once these specifications are laid down, the designing phase deals with the development of a viable product. The prototypes are passed through various iterations until the desired result is achieved. This phase is also responsible for listing the required processing technology, materials and components in order to manufacture the vibration sensors. The successive step deals with procuring of required components and materials, handled entirely by secondary activity known as inbound logistics. The manufacturing equipment providers provide the necessary machinery and services support for producing the sensors. The processing and production stage produce bare sensors that are forwarded for packaging and signal conditioning. The packaging is a skilled technique that offers covering to the bare sensors against their operating environments while signal conditioning deals with integration of application specific circuits for conversion/amplification of output received from bare sensor. These sensors are simultaneously tested and dispatched for outbound logistics. The outbound logistics deals with the pricing and distribution channel for vibration sensors. After the end-user has acquired the requisite vibration sensors, the manufacturers or other third parties offer all sort of maintenance and calibration services till the end of product life cycle.
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Excerpts on Market Growth Factors
Preferable environmental adaptability, anti-jamming ability, low impedance output and high resolution intensify the Vibration Sensors Market to a greater extent.
Escalating need for conditional monitoring in the industrial sector coupled with reduced cost of these sensors has driven the wide spread adoption of vibration sensing.
The demand for non-destructive testing in automotive industry and structural monitoring will drive the demand for vibration sensors.
Vibration Sensors Market revenue in wind energy and other various sectors is calculated to grow at a CAGR of 7.13% and is estimated to reach 8.5 million by 2023.
View Full Table Of Content Of Vibration Sensors Market:
Key players of Vibration Sensors Market:
TE Connectivity Ltd, Rockwell Automation, Honeywell, SKF AB, and Emerson occupies major share for the market.
Few other major companies in this market include Omron Corporation (Japan), Vibrasens (France), Monitran Ltd. (U.K.), GE Measurement & Control (U.S.) and more.
These companies are analyzed based on their brands, product type and end-use application.
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
Mr. Venkateshwar Reddy
Business Development Manager
Contact Sales: 1-614-588-8538 (Ext-101)
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Joined: August 6th, 2019
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