Vibration Sensor Market Size

Vibration Sensor Market Size

Vibration Sensor Market size exceeded USD 3 billion in 2021 and is anticipated to grow at over 7% CAGR between 2022 and 2028. The market growth is attributed to the rising adoption of machine condition monitoring systems in the manufacturing sector.

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Vibration sensor are integrated into condition monitoring systems, allowing users to identify abnormalities, damages, and balancing issues in heavy machinery. The growing integration of Industrial IoT technology into the manufacturing environment has encouraged market players to develop advanced technology sensors.

The COVID-19 pandemic negatively impacted the market, resulting in the shutdown of several production facilities, supply chain disruptions, and international trade barriers. Due to the declining demand from end-user industries, such as automotive, consumer electronics, and healthcare, several OEMs have reduced their manufacturing capacities, thereby restricting growth opportunities for the industry.

However, by the end of 2021, manufacturing was encouraged to reorganize operations and increase investments in vibration sensing technology to gain a significant competitive advantage. Plant owners are also focusing on integrating automated machinery and condition monitoring equipment to increase productivity.