The Business Research Company Global Vibration Sensors Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, May 5, 2022 /EINPresswire.com/ — Growth in the airline industry is expected to propel the growth of the vibration sensor market. In aircraft, vibration analysis is performed on engines to check vibration levels and ensure the absence of cracks, avionics operation and engine performance. According to Boeing’s Commercial Market Outlook 2020-2039, India’s domestic air passenger market is expected to double in size by 2030, compared to pre-pandemic levels, creating demand for an additional 2,200 new commercial aircraft in the world. over the next 20 years in India. Hence, growth in the airline industry is expected to contribute to the demand for vibration sensors, thereby driving the market over the forecast period.
The global vibration sensor market size is expected to grow from USD 3.37 billion in 2021 to USD 3.63 billion in 2022 at a compound annual growth rate (CAGR) of 7.52%. The growth of the market is mainly due to the reorganization of business operations and the recovery from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and closure of businesses. business activities that resulted in operational challenges. . The global vibration sensor market share is expected to reach $4.87 billion in 2026 with a CAGR of 7.61%.
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Technological advancement is a key trend gaining popularity in the vibration sensor market. Technological progress is the discovery of knowledge that advances technology. For example, in March 2020, SKF, a Swedish industrial products manufacturer, launched a compact and cost-effective vibration and temperature sensor to monitor the condition of rotating parts in heavy industrial machinery. The sensor, named SKF Enlight Collect IMx-1, enables customers to reduce both costly unplanned downtime and their maintenance costs. It can be used to automate machine health data collection.
The major players covered in the global vibration sensor industry are TE Connectivity Ltd, Honeywell International Inc, Emerson Electric Co, Robert Bosch GmbH, Dytran Instruments, Inc, Fluke Corporation, NXP Semiconductors NV, FUTEK Advanced Sensor Technology, Inc., Hansford Sensors Ltd. , Keyence Corporation, Colibrys Ltd., DIS Sensors, SKF GmbH, Texas Instruments Incorporated, Omron Corp and PCB Piezotronics.
The global TBRC Vibration Sensors market report is segmented by Product Type into Velocity Transducers, Electrodynamics, Accelerometers, Non-Contact Displacement Transducer, by Doped Silicon Material, Quartz, Piezo Ceramic, by Technology into Piezoresistive, Gauge strain, variable capacitance, optical, per end user in aerospace, coal and quarrying, oil and gas, medical and pharmaceuticals, automotive, consumer electronics.
Global Vibration Sensors Market Report 2022 – By Product Type (Velocity Transducers, Electrodynamics, Accelerometers, Non-Contact Displacement Transducer), By Material (Doped Silicon, Quartz, Piezo Ceramic), By Technology (Piezoresistive, strain, variable capacitance, optical), By End User (Aerospace, Coal & Quarry, Oil & Gas, Medical & Pharmaceutical, Automotive, Consumer Electronics) – Global Market Size, Trends & Forecast 2022-2026 Part of a series new reports from The Business Research Company which provides an overview of the Vibration Sensors market, a forecast of the Vibration Sensors market size and growth for the overall market, Vibration Sensors market segments, Vibration Sensors Market Geographies, Vibration Sensors Market Trends, Vibration Sensors Market Drivers ns, Vibration Sensors Market Constraints, Key Competitor Revenues, Vibration Sensors Market Profiles and Market Shares.
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