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The industrial vibration sensor market size is estimated to grow by USD 3,321.4 million accelerating at a CAGR of 7.95% between 2023 and 2027. This industrial vibration sensor market report extensively covers market segmentation by End-user (process industries and discrete industries), Product (acceleration sensor, displacement sensor, velocity sensor, and others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.95% |
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Market growth 2023-2027 |
USD 3321.4 million |
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Market YoY |
Fragmented |
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YoY growth 2022-2023(%) |
7.65 |
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Integrated and modular sensor designs are in high demand across industries. Micro-electromechanical systems (MEMS) and nanoelectromechanical systems (NEMS) are particularly sensitive to various stimuli, making them valuable in portable devices and small sensor systems for human-machine interface (HMI) devices in artificial intelligence. Their nanoscale size ensures high sensitivity to even minor operational variations.
These technologies offer additional benefits, such as integrated circuit miniaturization, reduced weight, and improved vibration sensor processing speed. They also enable automated monitoring of small- to medium-sized machinery, replacing manual checks. For instance, IFM Electronic GmbH's compact VNA001 monitors machinery vibration status according to ISO 10816. Such factors are driving the market growth.
The emergence of fiber optic sensors is a key trend shaping the market growth. Fiber optic sensors, a cutting-edge technology, outperform traditional sensors with their exceptional sensing capabilities. These sensors are in high demand for heavy equipment due to their compactness, lightweight nature, and sensitivity to chemicals and electromagnetic fields. They represent a significant advancement, seamlessly integrating intelligence with engineering materials and equipment, offering heightened sensitivity to disturbances. These sensors can be integrated into systems with minimal impact, making them ideal for real-time monitoring. They employ various types of fibers, from single-mode polarized hi-birefringence fibers to low-birefringence fibers.
In damage assessment, these sensors detect changes in dynamic characteristics, providing rapid responses. In the automotive industry, they offer immediate feedback when a vehicle tire contacts the sensor. High birefringence (Hi-Bi) fibers can provide periodic responses linked to load changes. These attributes are expected to drive the global industrial vibration sensor market's growth during the forecast period.
Lack of awareness and adherence to regulations is a key challenge hindering the market growth. In various industries, work-related accidents have increased due to insufficient training, planning, regulatory compliance, and inspections. This problem stems from a lack of awareness among companies, impacting the demand for industrial vibration sensors.Smaller industry players often lack the expertise to navigate complex work environments, despite stringent regulations and inspections. Many end-users fail to research their vibration sensor needs and may buy inexpensive, uncertified sensors unsuitable for their machinery. Limited awareness of available options also hampers demand. Ignorance about regulations leads to non-compliant, low-cost sensor purchases, endangering workers and equipment.
Furthermore, companies and workers often lack awareness about necessary training and protective gear for hazardous environments, neglecting precautionary measures and safety monitoring. Inadequate adherence to safety regulations could hinder the industrial vibration sensor market's growth.
The end user segment in the industrial vibration sensor market is further classified into process industries and discrete industries. The process industries segment was valued at USD 3,380.78 million in 2017 and continued to grow by 2021. Process industries primarily include the oil and gas, food and beverage, pharmaceuticals, and power industries. Industrial vibration sensors are comparatively higher in process industries as they involve more sub-processes and critical situations. Industrial vibration sensors are also used to enhance packaging. Sensors enable the controlling and monitoring of various aspects, such as acceleration, velocity, and displacement. Some of the advantages of using vibration sensors in packaging are mentioned below: Easy tracking of vibration due to high-temperature Monitoring of the exact degree of health of the product Detect deterioration of food products and alert manufacturers to prevent severe implications.
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The discrete industries primarily include the automotive and electronics and semiconductor industries. These industries assemble their raw materials in sequential steps that require very deep concentration on every step involved; else, the production timeline may be hampered. Discrete industries, including automotive, electronics, and semiconductors, involve a high need for safety detection even during the assembly process, which is expected to increase the demand for industrial vibration sensors during the forecast period.
Based on the product, the acceleration sensor segment holds the largest market share. Acceleration sensors, or accelerometers, offer superior signal-to-noise ratios across a wide dynamic range, excelling in measuring a broad frequency spectrum. They are anticipated to be the top revenue generators in the market, available in versatile options for both general and specific applications, particularly favored for machinery vibration monitoring.
Integrated with vibration monitors, they enable assessments of acceleration and velocity, benefiting multi-parameter monitoring programs. Accelerometers come with advantages like compact size, suitability for confined spaces, robust high-frequency response, and resilience to high temperatures. However, potential disruption from very high-frequency noise and the need for electronic integration for velocity and displacement monitoring are considerations. Additionally, users must provide an external power source, a notable drawback.
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APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC's rapid industrialization is poised to significantly impact the industrial vibration sensor market in the forecast period. With robust annual industrial sector growth projected in countries like China, India, Indonesia, and Malaysia, according to the World Bank, APAC is a key player. In 2022, Greenfield investments in APAC increased by 6%, with notable growth in South-West Asia and the Pacific subregions, reflecting increased industrial output and trade, particularly with top exporters like China and India. However, addressing occupational safety concerns is crucial. In 2021, over 1.9 million people in APAC suffered work-related accidents or diseases. Governments, workers, and employers are intensifying safety efforts, implementing mandatory safety management standards, and strengthening occupational safety and health systems.
Additionally, the oil and gas sector's shift toward Asia's emerging economies is driven by resource depletion in developed countries. These resource-deficient nations aim to enhance regional energy security, reducing import dependence. These factors collectively contribute to increased revenue in the market in focus.
The regional industrial vibration sensor market faced challenges during the COVID-19 outbreak, with countries like China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines redirecting resources to healthcare, reducing investments in infrastructure and automotive sectors in 2020. However, as lockdowns were gradually lifted in 2021, industrial activities resumed, particularly in China and India, leading to moderate market growth. The ongoing expansion of manufacturing sectors, including automotive, consumer electronics, aerospace, and healthcare, in countries like India, Australia, Vietnam, and South Korea, is expected to drive the APAC industrial vibration sensor market in the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
PCB- The company offers industrial vibration sensors that are used to test and measure vibration, pressure, force, acoustics, load, and shock in research and development as well as industrial applications.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
AB SKF, ABB Ltd., Analog Devices Inc., CEC Vibration Products, Electro Sensors Inc., Hansford Sensors Ltd., Hofmann Mess und Auswuchttechnik GmbH and Co. KG, ifm electronic GmbH, Metra measurement and frequency technology in Radebeul eK, Monitran Ltd., Montronix GmbH, Murata Manufacturing Co. Ltd., OMRON Corp., PCB Piezotronics Inc., ROGA Instruments, Safran SA, Schaeffler AG, Sensonics Ltd., StrainSense Ltd., and TE Connectivity Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The industrial vibration sensor market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Industrial Vibration Sensor Market Research Report |
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Report Attributes |
Details |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 41% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AB SKF, ABB Ltd., Analog Devices Inc., CEC Vibration Products, Electro Sensors Inc., Hansford Sensors Ltd., Hofmann Mess und Auswuchttechnik GmbH and Co. KG, ifm electronic GmbH, Metra measurement and frequency technology in Radebeul eK, Monitran Ltd., Montronix GmbH, Murata Manufacturing Co. Ltd., OMRON Corp., PCB Piezotronics Inc., ROGA Instruments, Safran SA, Schaeffler AG, Sensonics Ltd., StrainSense Ltd., and TE Connectivity Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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