Lucintel’s latest market report analyzed that vibration sensor provides attractive opportunities in the automobile, consumer electronics, healthcare, aerospace & defense, and oil & gas industries. The vibration sensor market is expected to reach $2.7 billion by 2028 with a CAGR of 7.5%. In this market, accelerometer is the largest segment by product type, whereas automobile is largest by end use industry.
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Based on product type, the vibration sensor market is segmented into accelerometers, velocity sensor, and displacement sensor. The accelerometer segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing penetration of accelerometer among various end use industries, such as automotive, consumer electronics, and manufacturing.
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The Vibration Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering vibration sensor include ASC GmbH, Analog Devices, Dytran Instruments, Honeywell, and Hansford Sensors.
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