Vibration Sensor Market Is Expected To Reach $ 7.67 Billion By 2027

 San Francisco, 23 Dec 2020: The Report Vibration Sensor Market Size, Share & Trends Analysis Report By Type (Accelerometers, Velocity Sensor), By Technology (Piezoresistive, Tri-axial), By Material, By End Use, By Region, And Segment Forecasts, 2020 - 2027

The global vibration sensor market size is expected to reach USD 7.67 billion by 2027, registering a CAGR of 6.2% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. Increasing adoption of these devices in various industries and sectors such as oil & gas, manufacturing, and mining for detection of rotating parts and damaged bearings in machines is projected to drive the market growth. The usage of industrial IoT and predictive maintenance with vibration sensors for the remote monitoring of machineries is expected to provide opportunities to the market players. Companies such as VocalZoom and Colibrys Ltd. are developing vibration sensors for industrial IoT for exploiting these opportunities. For instance, in March 2019, VocalZoom launched their non-contact vibration sensors for industrial IoT applications such as machine monitoring.

Growing adoption of Unmanned Aerial Vehicles (UAVs) is expected to drive the market growth over the forecast period as vibration sensors are used in these applications such as flight stabilization. In recent years, there has been an increasing demand for accelerometers in Augmented Reality (AR) and Virtual Reality (VR) devices for tracking the rotational motion. In AR and VR, accelerometers and vibration sensors are used for motion detection. AR and VR are gaining popularity in consumer electronics such as smartphones and gaming consoles, among others. These factors are expected to provide lucrative opportunities to the market players over the forecast period. Moreover, in recent years, there has been a growing demand for these devices in Heating, Ventilation, and Air Conditioning (HVAC) equipment, which is expected to fuel the market growth further. Vibration sensors are extensively used for monitoring rotating elements in the Air Handling Units (AHUs) that are responsible for air circulation in HVAC equipment.

In airbags, accelerometer vibration sensors monitor rapid deceleration of the vehicle in the event of an impact and convert it into a change in voltage. The electronic control unit subsequently responds by sending a signal to actuate and inflate the protective airbag. The governments in various countries have mandated the usage of airbags in passenger cars that is expected to impact the market growth positively. For instance, the U.S. National Highway Traffic Safety Administration has established the 49 CFR Part 595 standards that mandate the usage of airbags in cars.

Access Research Report of Vibration Sensor Market @ https://www.grandviewresearch.com/industry-analysis/vibration-sensors-market

Vibration Sensor Market Report Highlights

• Owing the rising demand for displacement sensors in applications such as precision positioning, thickness measurements, and assembly line inspection, the displacement sensor is anticipated to register the highest CAGR over the forecast period
• Growing usage of tri-axial sensors for monitoring vibrations in multi-axis machine tools and detecting anomalies in machine tools and work pieces is expected to drive their demand in the forthcoming years
• The piezoelectric ceramics segment is projected to expand at the highest CAGR on account of increasing demand for piezoelectric ceramics-based vibration sensors in relaxation chairs used in healthcare sector
• Various regulations such as American Petroleum Institute (API) Standard 670: Machinery Protection Systems mandate the usage of machinery monitoring systems such as vibration sensors in the refineries. These regulations are expected to enhance the market growth in oil and gas end-use segment
• Asia Pacific is expected grow significantly over the forecast period owing to increasing adoption for detection and prediction of earthquakes and tsunamis in countries such as South Korea, Philippines, and Japan

List of Key Players of Vibration Sensor Market

• Advanced Sensors Calibration GmbH, Inc.
• Analog Devices, Inc.
• Dytran Instruments, Inc.
• Honeywell International, Inc.
• Robert Bosch GmbH
• Hansford Sensors Ltd.
• Colibrys Ltd.
• National Instruments Corporation
• TE Connectivity Ltd.
• FUTEK Advanced Sensor Technology Inc.

Access Press Release of Vibration Sensor Market @ https://www.grandviewresearch.com/press-release/global-vibration-sensors-market