“Vibration Sensors have become one of the key components of factory automation in the past years and has displayed promising applications in the manufacturing industry. Industrial vibration analysis is a measurement tool used to identify, predict, and prevent failures in rotating machinery. These sensors when rafted with the machines have the ability to improve the reliability of the machines and deliver superior machine efficiency and reduced down time thereby alleviating electrical or mechanical glitches. Vibration Sensors have witnessed escalating demand and high deployment rate in the past two years that makes it one of the fastest growing markets in the automation equipment and accessories business segment.
The vibration sensor market is expected to attain a market value of $3.318 billion by 2020 and is projected to grow at a CAGR of 5.6% for the period 2015 – 2020. Vibration sensor market has evolved slightly with the entry of considerable number of players and increased investments in R&D. The constant technological innovation, high demand for smartphones and rapid consumption in developed countries has boosted the demand for vibration sensors. Automobile industry turned out to be the most dominant end-user segment for vibration sensors market in 2014. The vibration sensors market is also driven due to its high usage in airline industry where turbulence can be reduced. With the growing demand for solutions implying towards reduction of turbulence, the market for these sensors is anticipated to see an upsurge in the near future.
The vibration sensor market has been fragmented into five segments in the report. The market has primarily been segmented on the type of dynamics: displacement transducers, velocity transducers and accelerometers. The vibration sensor market has further been segmented on the basis of technology such as piezoelectric, piezoresistive, capacitance and many more. The report also includes a discrete analysis of the vibration sensor market on the basis of the used material such as piezoelectric ceramics, quartz and doped silicon. Furthermore, the market has been analysed on the various end user industries that include automotive, oil & gas, nuclear, pharmaceuticals and many more. The report also renders a full detailed geographical study of the vibration sensor market with country level analysis.
The report also consists of detailed profiling of the major companies in the vibration sensor market including financial analysis, business strategy, product portfolio and recent developments made in the respective market. Memsic, Rockwell Automation, Honeywell International, SKF and many others are among the prominent players profiled in the global vibration sensor market report. The report also comprises of the company share analysis and patent analysis of the global vibration sensor market.
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