North America Vibration Sensor Market Size & Outlook
North America vibration sensor market, 2017-2030 (US$M)
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North America vibration sensor market highlights
- The North America vibration sensor market generated a revenue of USD 2,182.0 million in 2023.
- The market is expected to grow at a CAGR of 6.2% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,182.0 million |
| Market revenue in 2030 | USD 3,331.9 million |
| Growth rate | 6.2% (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, North America region accounted for 36.6% 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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North 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 43.26% in 2023. Horizon Databook has segmented the North America vibration sensor market based on accelerometers, velocity sensor, displacement sensor covering the revenue growth of each sub-segment from 2017 to 2030.
North America is expected to witness a significant growth over the forecast period. The concentration of key vendors in this region is encouraging the development of the sensor market. The market growth is driven by industrial automation as it is widely popular in North America.
The region is widely adopting vibration sensors in order to protect the electronic components in the industries. The impending need for automated devices, improved safety solutions, and standardized hardware platforms by different industries has increased the use of vibration sensor in North America.
The U.S. government is investing considerable amount of monetary and non-monetary resources to encourage the adoption of sensors across various industries and initiatives such as industry 4.0.
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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 North America vibration sensor market , including forecasts for subscribers. This continent databook contains high-level insights into North America vibration sensor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America vibration sensor market size, by country, 2017-2030 (US$M)
North America Vibration Sensor Market Outlook Share, 2023 & 2030 (US$M)
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