Global Vibration Sensor Market Size & Outlook, 2023-2030
Global vibration sensor market, 2017-2030 (US$M)
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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.
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Vibration Sensor Market Scope
Vibration Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Spectris PLC | View profile | 6979 | 44-46 Aldwych, Melbourne House, 5th Floor, London, United Kingdom, WC2B 4LL | https://www.spectris.com |
| Baumer | View profile | 101-250 | Konstanz, Baden-Wurttemberg, Germany, Europe | http://www.baumerinspection.com |
| Safran SA | View profile | 83278 | 2, boulevard du General-Martial-Valin, Paris, France, 75015 | https://www.safran-group.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | http://www.bosch.com |
| TE Connectivity Ltd | View profile | 90000 | Muhlenstrasse 26, Schaffhausen, Switzerland, CH-8200 | https://www.te.com |
| Analog Devices Inc | View profile | 26000 | One Analog Way, Wilmington, MA, United States, 01887 | https://www.analog.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
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.
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Our clientele includes a mix of vibration sensor market companies, investment firms, advisory firms & academic institutions.
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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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Global vibration sensor market size, by regions, 2017-2030 (US$M)
Top 10 countries: Vibration sensor market size, 2023 (US$M)
Global vibration sensor market share, by end use, 2023 & 2030 (%, US$M)
Vibration sensor market: Opportunity assessment by country
Global vibration sensor market, by region, 2023 (US$M)
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