Published Date: 16-Sep-2020
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Vibration Sensor Market, published by KBV research, The Global Vibration Sensor Market size is expected to reach $7.4 billion by 2026, rising at a market growth of 9.1% CAGR during the forecast period.
The piezoelectric ceramics shows promising growth in the market because of the advances, for example, lower charge sensitivity and lower noise stream. These benefits make them appropriate for use in applications, for example, automotive and energy harvesting. Quartz is an electrical material that gives repeatability and steadiness to the sensors and its vibrations can be driven with next to no electrical power. This improves the life span of these frameworks in battery-fueled applications.
As far as revenue is concerned, the accelerometer ruled the vibration sensor market with a market share in 2019. This high share can be ascribed to the expanding acceptance in industries, for example, automotive, consumer electronics, and manufacturing, among others. The displacement sensor segment is foreseen to grow at a high CAGR attributable to expanding acceptance in the detection of stacked Printed Circuit Boards (PCB) and the positioning of electronic segments on the PCB.
Piezoresistive segment represented the biggest share of the market in 2019 attributable to its potential benefits, for example, smaller size and greater sensitivity. Piezoresistive accelerometers have been broadly utilized in automobile security applications anti-lock braking mechanisms, air-bags, and traction control frameworks, which has additionally determined the section growth.
The automobile segment represented the biggest share of the market in 2019 attributable to expanded acceptance in applications, for example, Engine Vibration Monitoring Units (EVMUs) and airbags. Moreover, recently, there has been an expanded item adoption in non-destructive testing of automobiles that have additionally influenced market development.
North America ruled the market in 2019. The region comprises of some of the biggest railroad systems on the planet with organizations, for example, Canadian National Railway, Kansas City Southern Railway, and Norfolk Southern Railway. Asia Pacific is anticipated to show the quickest CAGR in the coming future because of developing industrialization in the area, which has come about into expanded demand for predictive upkeep of machineries.
Structural Insights: https://www.kbvresearch.com/vibration-sensor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Emerson Electric Co., Analog Devices, Inc., Honeywell International, Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Texas Instruments, Inc., TE Connectivity Ltd., National Instruments Corporation, Dytran Instruments, Inc. and FUTEK Advanced Sensor Technology, Inc.
Unique Offerings from KBV Research