Global Vibration Sensor Market Size & Outlook, 2023-2030
Global vibration sensor market, 2017-2030 (US$M)
Related Markets
Global vibration sensor market highlights
- The global vibration sensor market generated a revenue of USD 5,968.5 million in 2023 and is expected to reach USD 9,781.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.3% by 2030.
- In terms of segment, accelerometers accounted for a revenue of USD 2,594.5 million in 2023.
- Displacement Sensor is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| 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 |
Other key industry trends
- In terms of revenue, the North America accounted for 36.6% of the global vibration sensor market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 2,329.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Vibration Sensor Market Scope
Vibration Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global vibration sensor market outlook
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.
Reasons to subscribe to Global vibration sensor market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global vibration sensor market databook
-
Our clientele includes a mix of vibration sensor market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
Partial client list
Global vibration sensor market size, by regions, 2017-2030 (US$M)
Top 10 countries: Vibration sensor market size, 2023 (US$M)
Global vibration sensor market share, by type, 2023 & 2030 (%, US$M)
Vibration sensor market: Opportunity assessment by country
Global vibration sensor market, by region, 2023 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
