Market revenue in 2023 | USD 5,968.5 million |
Market revenue in 2030 | USD 9,781.1 million |
Growth rate | 7.3% (CAGR from 2023 to 2030) |
Largest segment | Accelerometers |
Fastest growing segment | Displacement Sensor |
Historical data covered | 2017 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Accelerometers, Velocity Sensor, Displacement Sensor |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vibration sensor market will help companies and investors design strategic landscapes.
accelerometers was the largest segment with a revenue share of 43.47% in 2023. Horizon Databook has segmented the Global vibration sensor market based on accelerometers, velocity sensor, displacement sensor covering the revenue growth of each sub-segment from 2017 to 2030.
Predictive maintenance is expected to gain popularity rapidly in the global manufacturing industry owing to various benefits. Some of the benefits include elimination or reduction of unscheduled machine downtime, increased production capacity, reduced maintenance costs, and increased equipment life span.
The predictive maintenance tools are being implemented on a large scale in capital-intensive industries such as oil & gas and automotive. Numerous predictive maintenance techniques and tools are available to effectively monitor the condition of equipment and machines to identify the signs of wear and other failures. This shift from preventive to predictive maintenance is expected to contribute significantly to the vibration sensor market growth.
Horizon Databook provides a detailed overview of global-level data and insights on the Global vibration sensor market , including forecasts for subscribers. This global databook contains high-level insights into Global vibration sensor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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