Asia Pacific Vibration Sensor Market Size & Outlook
Asia Pacific vibration sensor market, 2017-2030 (US$M)
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Asia Pacific vibration sensor market highlights
- The Asia Pacific vibration sensor market generated a revenue of USD 1,639.9 million in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, accelerometers was the largest revenue generating type in 2023.
- Displacement Sensor is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,639.9 million |
| Market revenue in 2030 | USD 2,917.3 million |
| Growth rate | 8.6% (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 |
| Key market players worldwide | Baumer, Bosch, TE Connectivity Ltd, Emerson Electric Co, Honeywell International Inc, Safran SA, Spectris PLC, Analog Devices Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.5% of the global vibration sensor market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,917.3 million by 2030.
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Vibration Sensor Market Scope
Vibration Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 44.03% in 2023. Horizon Databook has segmented the Asia Pacific vibration sensor market based on accelerometers, velocity sensor, displacement sensor covering the revenue growth of each sub-segment from 2017 to 2030.
The increased focus of government on smart cities development (industry 4.0) in the Asia Pacific region is expected to drive the market growth over the forecast period. Advancements made in technologies have enabled retail and other sectors in the Asia Pacific region to move from traditional sensors to wireless sensors.
Government initiatives toward safety have created awareness regarding the need for vibration sensors. Owing to this, various other industry segments have started investing in the installation of vibration sensors across automotive, manufacturing plants, and other sectors.
Governmental bodies have also started installing sensors in various places for real-time monitoring. The high demand for wireless automation and adoption by small- and mid-sized companies for safety purposes are expected to be the key trend influencing the 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific vibration sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific vibration sensor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific vibration sensor market size, by country, 2017-2030 (US$M)
Asia Pacific Vibration Sensor Market Outlook Share, 2023 & 2030 (US$M)
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