Vibration Monitoring Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Adoption of Wireless Sensors in Machines in Industries
- Advent of Secure Cloud Computing Platforms
Challenges
- Issues Related to Reliability in the Prediction Capabilities of Vibration Monitoring Systems
Vibration Monitoring Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.7% |
|
Base Year Market Size (2024) |
USD 1.66 billion |
|
Forecast Year Market Size (2037) |
USD 3.86 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of vibration monitoring is assessed at USD 1.75 billion.
Vibration Monitoring Market size was valued at USD 1.66 billion in 2024 and is expected to reach USD 3.86 billion by 2037, expanding at around 6.7% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is poised to account for largest revenue share of 32% by 2037, impelled by rise in the number of manufacturing facilities across various industry verticals in several developing countries in the region, such as China, India, Japan, South Korea, and Australia, among others.
The major players in the market are STMicroelectronics, Honeywell International Inc., General Electric, National Instruments Corporation, Rockwell Automation, Inc., Schaeffler AG, and others.
