Latin America Vibration Sensor Market Size & Outlook
Latin America vibration sensor market, 2017-2030 (US$M)
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Latin America vibration sensor market highlights
- The Latin America vibration sensor market generated a revenue of USD 274.5 million in 2023.
- The market is expected to grow at a CAGR of 6.6% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 274.5 million |
| Market revenue in 2030 | USD 430.3 million |
| Growth rate | 6.6% (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, Latin America region accounted for 4.6% 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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Latin America 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 42.19% in 2023. Horizon Databook has segmented the Latin America vibration sensor market based on accelerometers, velocity sensor, displacement sensor covering the revenue growth of each sub-segment from 2017 to 2030.
The Consumer Protection and Monitoring approved Senate Bill 174/2014 that exempts electric vehicles that run on 30 percent biodiesel from IPI a tax on industrialized products. Thus, expecting to increase the sales of electric vehicles in the country in coming years will create the need for accelerometers as it is used in the strong electrical field generated by electric vehicles.
Brazilian electric and electronics industry witnessed 8% of revenue growth in 2019 due to improved economic conditions in the country. In 2019, electric and electronic companies witnessed a 7% rise in production, thereby creating accelerometers.
The presence of vibration sensor providers such as Azima Dli Corporation, CTRL Systems, Inc., Bruel & Kjaer, Fluke Corporation, Emerson Process Management, and others drives the country's 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 Latin America vibration sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America vibration sensor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America vibration sensor market size, by country, 2017-2030 (US$M)
Latin America Vibration Sensor Market Outlook Share, 2023 & 2030 (US$M)
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