Europe Vibration Sensor Market Size & Outlook, 2023-2030
Europe vibration sensor market, 2017-2030 (US$M)
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Europe vibration sensor market highlights
- The Europe vibration sensor market generated a revenue of USD 1,694.5 million in 2023.
- The market is expected to grow at a CAGR of 7.7% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,694.5 million |
| Market revenue in 2030 | USD 2,848.1 million |
| Growth rate | 7.7% (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, Europe region accounted for 28.4% 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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Europe 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 43.39% in 2023. Horizon Databook has segmented the Europe vibration sensor market based on accelerometers, velocity sensor, displacement sensor covering the revenue growth of each sub-segment from 2017 to 2030.
The European region is home to several large industries, which will offer wide opportunities for vibration sensors. Moreover, the region dominated the market owing to several benefits such as efficiency and compact size. Various end users are adopting vibration sensors in Europe owing to applications such as predictive maintenance, automotive, and industry 4.0.
The growth in the number of end users, adoption of wireless sensors, and advanced vibration technology have fostered several growth opportunities for sensor manufacturers in Europe. Significant measures have been undertaken by the European government to ensure safety in industries by installing advanced vibration sensors and prevent from device damage.
Numerous companies are expanding their operations in various countries of Europe to enhance their global presence and to enhance product portfolio The adoption of vibration sensors by the automotive industry to monitor vibrations of heavy motors and industrial equipment’s and monitor them on a real-time basis has boosted 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe vibration sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Europe vibration sensor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe vibration sensor market size, by country, 2017-2030 (US$M)
Europe Vibration Sensor Market Outlook Share, 2023 & 2030 (US$M)
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