The global vibration sensor market is projected to grow at a CAGR of 4%-6% during 2020-2025. The growth of vibration sensor market is driven by rising demand for predictive maintenance in rotating machinery, including pumps, motors, bearings, and turbines and growth of the consumer electronics industry.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the vibration sensor by product
type (accelerometers, velocity sensors, and non-contact displacement
transducers), technology (piezoresistive and tri-axial), end use industry
(automotive, healthcare, consumer electronics, and others), and region (North
America, Europe, Asia Pacific (APAC), and Rest of the World (ROW))?
Q.2 Which segments will grow
at a faster pace and why?
Q.3 What are the
business risks and threats to the vibration sensor market?
Q.4 What are some
changing demands of customers in the vibration sensor market?
Q.5 What are the new
developments in the vibration sensor market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this vibration sensor area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this vibration sensor market?
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Market Segmentation:
Based on product type,
the vibration sensor market is segmented into accelerometers, velocity sensors,
and non-contact displacement transducers. The accelerometers segment accounted
for the largest share of the market in 2020 due to increased use of
accelerometers for collecting vibration monitoring data.
Asia Pacific is expected
to be the largest region over the forecast period supported by increased demand
for predictive maintenance of machineries and growth of the consumer
electronics industry.
Key Players in the vibration
sensor market are Honeywell, Advanced Sensors Calibration, Analog Devices,
Futek Advanced Technology., DIS Sensors, Dytran Instruments, Global Sensor
Technology, Hansford Sensors, and LORD MicroStrain.
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The
report helps stakeholders understand the pulse of the market and provides them
with information on key drivers, restraints, challenges, and opportunities for
market growth. It would also help to understand the competitors better and gain
more insights to improve their position in the business.
To read more about this market please click on
https://www.lucintel.com/vibration-sensor-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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