“Global Vibration Monitoring Market to reach a market value of USD 2.88 Billion by 2032 growing at a CAGR of 7.1%”
The Global Vibration Monitoring Market size is expected to reach $2.88 billion by 2032, rising at a market growth of 7.1% CAGR during the forecast period.
The North America segment recorded 34% revenue share in the market in 2024. The region’s industries—particularly oil & gas, aerospace, automotive, and manufacturing—heavily rely on vibration monitoring systems to ensure operational efficiency and prevent costly equipment failures. Furthermore, stringent workplace safety and equipment maintenance regulations, coupled with increased investment in industrial automation and smart manufacturing, have driven the widespread implementation of vibration monitoring solutions across North America.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In October, 2024, SKF Group and DMG MORI collaborate to implement the SKF Insight™ Super-precision bearing system in machine tool spindles. This compact solution enables real-time monitoring of vibration, temperature, and load, enhancing machining precision, reliability, and supporting trends in vibration monitoring technology. Moreover, In September, 2023, Rockwell Automation, Inc. has partnered with Everactive to integrate batteryless, wireless condition-monitoring solutions into its Dynamix product line. This collaboration enhances asset monitoring, predictive maintenance, and reduces downtime for industrial customers, improving productivity and sustainability across operations.
Based on the Analysis presented in the KBV Cardinal matrix; Honeywell International, Inc. is the forerunners in the Vibration Monitoring Market. Companies such as TE Connectivity Ltd. and Parker Hannifin Corporation are some of the key innovators in Vibration Monitoring Market. In April, 2024, Parker Lord, a division of Parker Hannifin, collaborates with Bell Textron to provide elastomeric rotor components for the U.S. Army’s Future Long Range Assault Aircraft (FLRAA), advancing air assault capabilities and enhancing noise, vibration, and harshness (NVH) control in aerospace.
The shift from reactive to predictive maintenance strategies has become a key driver for expanding the market. Predictive maintenance utilizes real-time condition monitoring tools, including vibration analysis, to anticipate potential equipment failures before they occur. This proactive approach is increasingly favoured over traditional maintenance techniques, often leading to unplanned downtimes and higher repair costs. As a result, the market is experiencing robust growth, driven by the increasing preference for predictive over corrective maintenance approaches across global industries.
Additionally, The COVID-19 pandemic significantly disrupted on-site industrial operations, forcing businesses to reassess how they maintain critical assets while adhering to health and safety protocols. As physical presence on factory floors was minimized, the reliance on remote monitoring tools increased dramatically. Vibration monitoring, a cornerstone of condition-based maintenance, emerged as a vital solution for remote diagnostics and machine health monitoring. Hence, this has significantly boosted its adoption and positioned it as a key enabler of resilient, post-COVID industrial operations.
However, One significant constraint limiting the widespread adoption of vibration monitoring systems is the high upfront investment required for implementation. These systems often involve purchasing sophisticated sensors, data acquisition hardware, analytical software, and integration with existing IT infrastructure. Acquiring and deploying such comprehensive solutions can be financially burdensome for many small- and medium-sized enterprises (SMEs). In conclusion, companies, especially in price-sensitive regions or industries with thin profit margins, may delay or avoid adoption altogether, which slows the overall market growth of vibration monitoring technologies.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
Free Valuable Insights: Global Vibration Monitoring Market size to reach USD 2.88 Billion by 2032
Based on industry, the market is segmented into oil & gas, power generation, mining & metals, chemicals, automotive, aerospace, food & beverages, and others. The power generation segment held 14% revenue share in the market in 2024. Power plants depend on the reliable operation of turbines, generators, and auxiliary equipment, where any malfunction can lead to substantial downtime and loss of energy output. Vibration monitoring solutions provide a crucial layer of protection by enabling real-time insights into equipment conditions, supporting predictive maintenance, and reducing unplanned outages.
By process, the market is divided into online vibration monitoring and portable vibration monitoring. The portable monitoring segment garnered 31% revenue share in the market in 2024. This segment gained traction due to its flexibility and cost-effectiveness, particularly for organizations seeking periodic or spot-check maintenance. Portable vibration monitoring devices, such as handheld analyzers and data collectors, are widely used to inspect equipment in less critical applications or in facilities with smaller machinery footprints.
Based on component, the market is characterized into hardware, software, and services. The software segment procured 38% revenue share in the market in 2024. Vibration monitoring software helps interpret raw data collected by hardware devices, providing actionable insights and enabling timely decision-making. Industries are leveraging these software solutions to enhance operational efficiency, optimize maintenance schedules, and reduce unexpected machinery failures. Moreover, integrating artificial intelligence (AI) and machine learning (ML) in vibration analysis software has enhanced its predictive capabilities, further expanding its appeal across various end-user sectors.
The Vibration Monitoring Market remains competitive due to the presence of numerous regional and mid-sized companies. These players focus on niche applications, offering cost-effective and innovative solutions for industries like manufacturing, energy, and transportation. The market sees healthy competition driven by technological advancements, wireless monitoring trends, and the growing demand for predictive maintenance solutions across diverse sectors.
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment witnessed 31% revenue share in the market in 2024. European industries, including power generation, automotive, and aerospace, have actively integrated condition monitoring technologies to enhance machinery reliability and reduce carbon footprints through efficient maintenance practices.
| Report Attribute | Details |
|---|---|
| Market size value in 2024 | USD 1.68 Billion |
| Market size forecast in 2032 | USD 2.88 Billion |
| Base Year | 2024 |
| Historical Period | 2021 to 2023 |
| Forecast Period | 2025 to 2032 |
| Revenue Growth Rate | CAGR of 7.1% from 2025 to 2032 |
| Number of Pages | 279 |
| Number of Tables | 383 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Process, Component, Industry, Region |
| Country scope |
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| Companies Included | Honeywell International, Inc., Emerson Electric Co., SKF Group, Schaeffler AG, Parker Hannifin Corporation, Analog Devices, Inc., Teledyne FLIR LLC (Teledyne Technologies Incorporated), Rockwell Automation, Inc., Baker Hughes Company, and TE Connectivity Ltd. |
By Process
By Component
By Industry
By Geography
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