Vibration Sensor Market - Forecast(2021 - 2026)
The Global Vibration sensors market recorded annual revenue of $2844.6 million in 2017 and is estimated to grow at a CAGR of 5.6% during the forecast period 2018-2023. Vibration sensors are witnessing prolific demand from industry verticals such as aerospace, automotive and food processing. Accelerometer is widely used for vibration sensing due to its extensive application range. Accelerometer segment has a market revenue of $1300.7 million in 2017 and is estimated to grow at a CAGR of 5.3% during the forecast period. Automobile industry is the dominant end-user of vibration sensors market driven by considerable penetration and strong application base. The automobile industry recorded annual revenue of $752.7 million in 2017 and is estimated to grow at a CAGR of 5.7% during the forecast period. Asia-Pacific is the dominating region in the global market by collecting annual revenue of $1145 million in 2017 and is projected to grow at a CAGR of 4.93% during the forecast period. What are