DUBLIN--(BUSINESS WIRE)--The "Global Vibration Sensor Market - Segmented by Product Type, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global vibration sensor market was valued at USD 32.65 billion in 2017, and is expected to reach a value of USD 47.64 billion by 2023, at a CAGR of 6.50%, during the forecast period 2018-2023.
Due to the increasing purchasing power of the millennial population, there is a continuous demand for passenger cars. According to OICA, global passenger was estimated to be 72.10 million units in 2016, and the demand is expected to continue during the forecast period.
For an average consumer, trucks are reliable options, as they have better fuel efficiency and safety features. These factors drive the growth of heavy weight vehicles. Premium vehicles and utilities continue to drive the sales of light vehicles, which cumulatively contribute to an increase in the demand for vibration sensors market, during the forecast period. Autonomous cars are expected to hit the commercial market by the end of 2018. Dynamics of this kind are influencing the vibration sensor market growth, globally.
United States is the leader in the oil & gas industry, as the United States is the world's largest producer of oil & gas. Therefore, the demand for vibration sensors in United States is owed to the industries, such as automotive, oil & gas, etc. As the manufacturing sector in the United States is evolved, there is a rise in the need for machine monitoring.
- SKF AB
- National Instruments Corporation
- Texas Instruments Incorporated
- Analog Devices Inc.
- Rockwell Automation Inc.
- Emerson Electric Co
- Honeywell International Inc.,
- NXP Semiconductors N.V.
- TE Connectivity Ltd.
- Hansford Sensors Ltd.,
Bosch Sensortec GmbH
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Technology Snapshot
6. Global Vibration Sensors Market Segmentation
7. Company Profiles
8. Investment Outlook
9. Future of Global Vibration Sensors Market
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