Published on : Sep 16, 2019
A new report, titled “Vibration Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027,” has recently been added to the vast repository of ResearchMoz.us. The research study presents a detailed assessment of the current and upcoming trends of the global vibration sensor market.
The dynamics in the global vibration sensor market continues to change. Some of the leading players in this market are:
• Honeywell International Inc.
• Robert Bosch GmbH
• MTI Instruments Inc.
• National Instruments Corp.
These players are focusing on technological advancements in their products to maintain their dominance in the worldwide vibration sensor market.
Vibration sensors are witnessing a widening in their application base, with which the global vibration sensor market is gaining substantially. A number of industries, such as oil and gas, automotive, processing, energy and power, aerospace and defense, consumer electronics, and medical and healthcare have begun to deploy vibration sensors in various machines and systems.
Accelerometers, electromagnetic velocity sensors, and non-contact displacement sensors are the main products available in the global vibration sensor market. Among these, the accelerometers segment led the global market in 2018 with a total share of 71.4%. Researchers expect this scenario to remain so over the next few years, supported by the augmenting demand for piezoelectric accelerometers. Among the end users, the processing industry contributes the most revenue to the global vibration sensor market. The high uptake of vibration sensors in various processing applications used in the food and beverages, metal and mining, and the pulp and paper industries, is likely to keep this end-use segment on the top of the market even in the near future.
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With 33.08% market share, Asia Pacific dominated the global vibration sensor market in 2018. With continued demand for vibration sensors from multiple market verticals, the Asia Pacific vibration sensor market is likely to remain dominant throughout the forecast period, states the research report.