Press release
Vibration Sensor Market to Record an Exponential CAGR by 2016 - 2022
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The global vibration sensor market is expected to witness significant growth over the period of forecast. Factors which are driving the growth of global vibration sensor market are wide range of frequency, self-generating capability and long service life. Furthermore, rapid improvement and customization options are few additional drivers of global vibration sensor market.
On the other hand, major factor hindering the growth of global vibration sensor market is maturity of end-user segment
The global vibration sensor market can be segmented on the basis of product type, technology, material and application. On the basis of product type, the global vibration sensor market can be segmented into accelerometers, electrodynamic velocity transducer and non-contact displacement transducer.
On the basis of technology, the global vibration sensor market can be segmented into piezoresistive, strain gauge, variable capacitance, hand probe, tri-axial sensors
On the basis of material, the global vibration sensor market can be segmented into doped silicon, quartz and piezoelectric ceramics.
On the basis of application, the global vibration sensor market can be segmented into automobile, aerospace, consumer electronics, coal & quarry sector, oil & gas, machine & structure monitoring, medical & pharmaceuticals and others. The global vibration sensor market growth is accelerated because of high adoption of vibration sensors in aerospace industry. Furthermore, vibration sensors are used in wide areas such as vibration in shock treatment, breathing monitoring, measuring machine vibrations and other applications. Vibration sensors are also used in digital displays and touch screens.
On the basis of region, the global vibration sensor market can be seven regions which include - North America, Latin America, Asia-Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East & Africa. North America is dominating the global vibration sensor market and expected to remain dominant throughout the forecast period. However, Asia Pacific is expected to expand at highest compound annual growth rate over the forecast period.
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Key players in global vibration sensor market are ASC GmbH, Dytran Instruments, Inc., TE Connectivity Ltd., Honeywell International Inc., FUTEK Advanced Sensor Technology Inc., National Instruments Corporation, Colibrys Ltd., Hansford Sensors Ltd., Robert Bosch GmbH and others. Key players are focusing on development of new technologies in order to gain competitive advantage. For example, in November 2015, Hansford Sensors Ltd. launched new compact vibration switch to protect machinery against unexpected shutdown and repair cost. In July 2015, Colibrys Ltd., released its new vibration sensor, The VS1000 – the second generation vibration sensor of the Colibrys VS family. The market is also witnessing a trend of customization of vibration sensor as per its size, frequency range and load capacity. Therefore market players are focusing on providing the vibration sensors as per the need of different applications.
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