Vibration Sensor Market worth US$ 4.5 Bn by 2027, Says TMR

1. Sign in Sign in Nikita’s Newsletter Subscribe Vibration Sensor Market worth US$ 4.5 Bn by 2027, Says TMR Nikita Godse 21 hr ago Technological innovation is the key behind the growth of most industries. Among the various technologies, sensor technology has gained huge attention from manufacturers in the last few years. Increased adoption of this technology has bene?tted manufacturers in expanding their production at a reduced cost. One such device is the vibration sensors, which helps in detecting abnormal vibration in industrial machines at that earliest, and thus, results in minimizing machine failure. The application of vibration sensors has extended to various end-use industries, including oil & gas, processing, automotive, energy and power, consumer electronics, aerospace & defense, healthcare, and others. With the growing applicability of vibration sensors, Transparency Market Research has recently published a report on the global vibration sensor market. The report aims to deliver key insights by thoroughly analyzing various parameters contributing to the growth of the global vibration sensor market. This report also helps stakeholders take smarter and well- planned decisions to e?ectively establish themselves in the global market. Planning to lay down future strategy? Perfect your plan with our report brochure here Enhanced Efficiency of Vibration Sensors Over Time Vibration measurements generally include acceleration, velocity, acceleration, and other related measurements. Gradual modi?cations in vibration sensor testing technology started taking place from the early 20th century. Since then, scientists have been exploring di?erent ways to increase the use and e?ciency of these sensors. In the recent past, the importance of vibration measurement has become crucial in mechanical structural product research, maintenance, design, and production. Moreover, advancements in electronic technology, computer technology, and manufacturing processes have resulted in the development of di?erent types of vibration sensors, thus increasing their application.  Revenue generated in the global vibration sensor market in 2017 was ~ US$ 2.8 billion. Increasing industrial IoT and adoption of wireless sensor network technology in various industries is projected to further drive the demand for vibration sensors, leading to a projected revenue of ~ US$ 4.5 billion by the end of 2027.  Want to know the obstructions to your company’s growth in future? Request a PDF sample here Vibration Sensor Market: Trends Widely Adopted by Players Growing Adoption of Industrial IoT (IIoT) Internet of things, machine learning, wireless sensors, cloud-based analysis, and big data have found their way into the world of machine vibration measurements. IoT has proliferated the use of vibration sensors in the industrial sector. With growing Internet penetration, machines, factories, and infrastructural setup are now being upgraded with IoT. IIoT uses real-time data from equipment sensors to provide reports on a machine’s cycle time, downtime, number of parts produced, and more. Additionally, IIoT has reduced work-related injuries and saved ~ US$ 220 billion of annual injuries and illness costs around the world.  A signi?cant boost to the industrial Internet of things and the growing integration of wireless sensor network technology have augmented growth in the global vibration sensor market. Wide integration of these networks helps in better understanding of the machines, and resolving related issues at the initial stage. Most of the tech giants such as IBM, Capgemini, and others have integrated these wireless networks. Recently, North Carolina-based metal parts manufacturer BC Machining LLC. deployed a machine integrated a monitoring solution that helped in improving productivity and optimizing the utilization of computer numerical control (CNC) machines.  Low Product Cost Results in Higher Volume Sales Technological advancements have turned out to be fortunate for manufactures and industries on a large scale. This is well proven with the development that took place in MEMS technology. This technology has revolutionized original accelerometer applications by reducing the size of accelerometers that consume lesser power and provide accurate results. These changes have resulted in the widespread adoption of accelerometers in various end-user industries such as consumer electronics, automotive, manufacturing, semiconductors, and others. Nowadays, MEMS accelerometers are available at competitive prices, and are being widely utilized by a large number of manufacturers and industry players. The prices of MEMS accelerometers are comparatively very low than piezoelectric accelerometers and piezoresistive accelerometers, and these are expected to further reduce in the coming years. In terms of volume, as well, the demand for MEMS accelerometers is high, and by the end of 2027, their sales are expected to reach ~ 14.5 million units. Players are taking initiatives to enhance services related to MEMS accelerometers. For example, Safran Colibrys SA is a one-stop-shop manufacturer that o?ers a full supply chain, from designing to manufacturing and ?nal testing of MEMS accelerometers. These accelerometers are designed for harsh environments and safety-critical applications. Subscribe to Nikita’s Newsletter By Nikita Godse · Launched 4 months ago ICT Type your email… Subscribe Write a comment… Top New What is Nikita’s Newsletter? 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