Technavio analysts forecast the global vibration sensor market to post a CAGR of over 6% during the forecast period. In order to calculate the market size, Technavio considers revenue generated from the sales of vibration sensors in the following application segments: aerospace, automotive, industrial machinery, healthcare, and consumer electronics.
The four major factors responsible for the growth of global vibration sensor market are as follows:
- Stringent road safety regulations
- Rising need for machine monitoring
- High demand for effective maintenance
- Slow replacement cycle of old machines
