NA Vibration Sensors Market Size (2024 - 2029)

The North American vibration sensor market is poised for steady growth, driven by the region's competitive manufacturing sector and the increasing demand for advanced manufacturing robotic technologies. The automobile industry also contributes significantly to the market's expansion, supported by a rise in vehicle production. Additionally, the discovery of shale gas and the need to replace aging infrastructure are boosting the demand for vibration sensors. However, the market faced challenges due to the adverse impacts of COVID-19, which temporarily disrupted production facilities and reduced demand in the crude oil and automobile sectors.

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Market Size of NA Vibration Sensors Industry

North America Vibration Sensors Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.10 %
Market Concentration High

Major Players

NA Vibration Sensors Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Vibration Sensors Market Analysis

The North American vibration sensor market is expected to grow at a CAGR of 7.1% during the period 2021-2026. The market is expected to witness steady growth during the forecast period.

  • North America has a competitive manufacturing sector. The demand for advanced manufacturing robotic technologies is likely to help the growth of the market in the region.
  • The automobile industry is another sector aiding the growth of the market. The vehicle production in the region increased significantly to more than 15 million passenger vehicles, and the country remained the second-largest global vehicle producer after China.
  • Due to the increasing shale gas discoveries and replacement of aging infrastructure, the demand for vibrating sensors is high, which thereby helps in increasing the overall market in the region.
  • The covdid-19 had an adverse impact on the industry as several production facilities were discontinued or stopped momentarily due to a dip in demand for Crude Oil and automobile in the region. This, in turn, decreased the demand for vibration sensors in the market.

North America Vibration Sensors Industry Segmentation

The global vibration sensor market report is segmented based on product, industry, and geography.

The product type segmentation includes - accelerometers, velocity sensors, non-contact displacement sensors, and others. The scope of the 'Others' includes vibration sensors, like proximity probes.The industry segmentation includes - automotive, healthcare, aerospace & defense, consumer electronics, oil & gas, metals & mining, and others.

The market is segmented on geography into - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The report also covers the impact of Covid-19 on the market during the study period.

By Product
Accelerometer
Velocity Sensor
Non-Contact Displacement Transducer
Others
By End-User Industry
Automotive
Healthcare
Aerospace and Defense
Consumer Electronics
Oil & Gas
Others
By Country
United States
Canada
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NA Vibration Sensors Market Size Summary

The North American vibration sensor market is poised for steady growth, driven by the region's robust manufacturing sector and the increasing demand for advanced manufacturing robotic technologies. The automotive industry also plays a significant role in this expansion, with substantial vehicle production contributing to the market's development. Additionally, the discovery of shale gas and the need to replace aging infrastructure are boosting the demand for vibration sensors. However, the COVID-19 pandemic temporarily disrupted the industry by halting production facilities due to decreased demand in sectors like crude oil and automobiles, which in turn affected the market for vibration sensors.

In the consumer electronics sector, the rising preference for smart devices, coupled with a growing middle class and increasing disposable incomes, is indirectly fueling the demand for vibration sensors. These sensors are essential for vibration detection in devices, helping to reduce noise and maintenance issues. The market is also witnessing innovations, such as Fluke Reliability's new vibration sensor system, which aids in reducing unplanned downtime. The defense sector in the United States, with its significant budget allocation, further supports the market's growth through various military programs. The market is highly competitive, with major players like Rockwell Automation Inc., SKF AB, and National Instruments Corporation leading the way, while companies continue to expand their presence through innovative solutions and strategic partnerships.

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NA Vibration Sensors Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Assessment of Impact of COVID-19 on the Industry

    3. 1.3 Market Drivers

      1. 1.3.1 Increasing need for machine condition monitoring and maintenance

      2. 1.3.2 Longer service life, self-generating capability, and wide range of frequency of vibration sensors

    4. 1.4 Market Restraints

      1. 1.4.1 Compatibility with old machinery

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Accelerometer

      2. 2.1.2 Velocity Sensor

      3. 2.1.3 Non-Contact Displacement Transducer

      4. 2.1.4 Others

    2. 2.2 By End-User Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Healthcare

      3. 2.2.3 Aerospace and Defense

      4. 2.2.4 Consumer Electronics

      5. 2.2.5 Oil & Gas

      6. 2.2.6 Others

    3. 2.3 By Country

      1. 2.3.1 United States

      2. 2.3.2 Canada

NA Vibration Sensors Market Size FAQs

The NA Vibration Sensors Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)

Rockwell Automation Inc. , SKF AB, National Instruments Corporation , Texas Instruments Incorporated and Analog Devices Inc. are the major companies operating in the NA Vibration Sensors Market.

North America Vibration Sensors Market Report Snapshots

North America Vibration Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)