Vibration Sensor Market to Boom on the Back of Drop in Accelerometers Price and High Demand of Renewable Energy Sources

Vibration Sensors helps in sensing the initial source of machinery information by which operator can assess and decide upon productivity, product quality and personnel safety. They are also used to assess quality of buildings, finger touch screens and digital displays. Vibration sensors manufacturers have been accentuating on wide recurrence range, long administration life, and self-generating sensors to meet the expanding needs of clients. Vibration sensors manufacturers have been emphasizing on wide frequency range, long service life, and self-generating sensors to meet the increasing needs of customers.

The overall sensors market is projected to reach $9.69 billion by 2017 displaying and average year on year growth rate of 7%. The prices of sensors have considerably decreased in the past two years owing to strong competition and presence of large number of players in the accelerometer product segment. Bosch Sensortec, STMicroelectronics, Analog Devices and Freescale are among the leading suppliers in the accelerometer sensor market. The manufacturing costs of the sensors have also declined as the OEMs are focusing in targeting new customer base and perforate into commercial applications. Vibration sensors are now being used to determine the potential of the constructed sites such as IoT enabled bridges, buildings and highways to improve the life and maintain safety of the architecture. In developed nations such as U.S.A, Japan, Germany and so on, vibration sensors are now being installed at the free sidewalk wireless kiosks to monitor the physical dynamics of the product.

Vibration Sensor Market Revenues By IndustryARCThe ecosystem conservation bodies are constantly emphasizing on the use of wind energy to deliver higher percentage of electricity consumption globally. This initiative of environment protection has uncovered an excellent opportunity to promote the use of accelerometers or vibration transmitters for industrial applications. OEMs have approached this market with various products dependent on the end user requirements and have supplied large number of industrial accelerometers or transmitters globally to power providers and specialty wind turbine monitoring companies. The government safety and emissions regulations are prompting greater semiconductor content in industrial applications, automobiles, including vibration sensors. Regulations and mandates associated with the electric and hybrid vehicles, pollution control, and equipment testing has also escalated the demand of vibration sensors. The demand for vibration sensors is growing in Asia. The South East Asian countries are witnessing mammoth investments in the infrastructure and automation sector.  European nations in particular Germany, will be a key growth region with healthy deployment rate of vibration sensors in wind energy applications and increased semiconductor content in the factory automation applications.