USD 1.6 billion
Report ID:
SQMIG45J2259 |
Region:
Global |
Published Date: February, 2025
Pages:
199
|Tables:
88
|Figures:
71
Global Vibration Monitoring Market size was valued at USD 1.6 billion in 2023 and is poised to grow from USD 1.7 billion in 2024 to USD 2.63 billion by 2032, growing at a CAGR of 5.6% in the forecast period (2025-2032).
The global vibration monitoring market holds significant growth opportunities with the incorporation of condition monitoring as an important part of preventive maintenance across several industries. This vibration monitoring technology facilitates the earlier identification of faults within the equipment and thereby allows the organization to correct these faults on time and hence reduce interference with operations, costs associated with maintaining those critical assets and increase life spans. These benefits are more significant in those industries such as manufacturing, energy, oil and gas, and transportation, since sudden breakdowns of the equipment trigger enormous financial and reputational loss. There is increased demand for vibration monitoring solutions with the rise in usage of IoT-enabled devices and smart sensors.
These pieces of technology allow for real-time data collection and analysis, a factor that increases the efficiency and precision of maintenance processes. Moreover, new tools such as AI-driven analytics and machine learning algorithms allow organizations to better predict possible failures, thus avoiding costly downtime and optimizing resource utilization. For instance, the trend of increasing factory automation and industrial smart maintenance systems continues to offer significant growth opportunities to both established and new entrants. Innovative companies with novel solutions containing emergent technologies are rewriting the book on operation models and increasing productivity while lowering costs. Initiatives for making workspaces greener, safer, and more technologically savvy add strength to the global vibration monitoring market growth, ensuring steady growth and innovation.
Market snapshot - (2025-2032)
Global Market Size
USD 1.6 billion
Largest Segment
Online
Fastest Growth
Portable
Growth Rate
5.6% CAGR
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The global vibration monitoring market is segmented into component, system type, monitoring process, and region. By component, the market is divided into hardware, software, and services. Depending on system type, it is classified into embedded systems, vibration analyzers, and vibration meters. According to the monitoring process, the market is bifurcated into online and portable. Regionally, it is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Component
As per the 2024 global vibration monitoring market analysis, despite growing uses of data collectors, accelerometers, proximity probes, and vibration sensors, the hardware segment dominated the market. All these parts are necessary for vibration identification and quantification, helping companies to closely monitor their machines' functioning. Manufacturing, energy, and automotive sectors require strong hardware solutions to get maximum operational efficiency and minimize downtimes. This segment is further being supported by increasing demand for rugged, high-performance sensors especially designed for harsh environments. Besides, improvements in hardware technology including wireless communication and downsizing are enabling the market dominance of the hardware segment with respect to ease of integration reliability also.
The service segment is expected to grow highly with an increase in demand for installation, calibration, and maintenance services for the global vibration monitoring industry. Companies often consult experts when they have condition monitoring solutions to optimize their system performance, which ensures smooth operations. The popularity of the predictive maintenance technique has also raised demands for real-time monitoring services along with support and assistance with analyzing data. Notably, managed services are in rising demand due to the provision of affordable business-friendly options to business houses who have no in-house knowledge of that particular area. The services sector is predicted to grow rapidly with the rising complexity of industrial equipment and demand for specialized solutions and will be important for the overall growth of the industry.
Analysis By Monitoring Process
Based on the 2024 global vibration monitoring market forecast, the online category of vibration monitoring is at present leading in the industry as it can provide continuous, real-time information on the health of machinery. This approach finds significant popularity in manufacturing, energy, and oil & gas industries as machinery here functions with challenges and unscheduled downtime leads to massive financial losses. Continuous monitoring capabilities by enabling early defect detection help companies apply predictive maintenance techniques effectively. Online systems are much safer and operate more efficiently, making them perfect for locations that are more remote or even hazardous. Online vibration monitoring will predict to retain its leadership in the market due to IoT and cloud technologies.
For the forecast period, the portable segment will have huge growth. Portable devices are highly preferred for their portability, cost-effectiveness, and ease of use. They are best suited for small sites or applications where continuous monitoring is not possible. Such devices are primarily used in routine inspections, troubleshooting, and maintenance planning that gives a sense of critical issues without having a permanent installation. Their flexibility and efficiency make them popular for industries looking for non-invasive, budget-friendly monitoring solutions. The category is growing because of portable usage in vibration analyzers and data recorders, improved wireless connectivity, and user-friendly interfaces. Also, the increasing need for mobile diagnostics in dispersed sectors will spur the expansion of the portable vibration monitoring system.
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North America dominated the vibration monitoring market, primarily due to the well-established industrial, oil & gas, aerospace, and energy sectors in the region. High utilization of the vibration monitoring systems is due to early adoption and adoption of modern technology into this region combined with strict law pertaining to both safety and operability of their equipment. Technological innovations and continuous advancements are spearheaded by all North American top firms. In addition, a focus on asset management and predictive maintenance in this region further propels it towards being the foremost the vibration monitoring market.
During the forecast period, the vibration monitoring market is to grow at a fastest rate within Asia-Pacific. Strong urbanization and industrialization have been coupled by the establishment of manufacturing hubs across countries such as China, India, and countries in Southeast Asia to drive this development. Growing smart manufacturing techniques are encouraged by government programs for Industry 4.0 and are driving the demand for sophisticated monitoring systems. Vibration monitoring vendors are also witnessing great benefits from the region's developing energy, infrastructure, and transportation. The necessity for economical and effective maintenance solutions in developing nations accelerates the growth of the Asia-Pacific market.
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Drivers
Increasing Demand for Predictive Maintenance
Advancement in IoT and Smart Sensors
Restraints
Data Security Problems
Technical Constraints in Harsh Environments
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The global vibration monitoring industry is highly competitive, with different kinds of key players offering a diversified product range in both hardware and software categories. Key companies include SKF, Emerson Electric, Honeywell, and National Instruments, among others. These companies have majorly focused on innovations and product diversifications along with strategic partnerships. Players are also putting efforts into developing IoT, AI, and wireless technologies to be used in upgrading their offerings. Besides, the local and regional players take advantage of niche markets, thereby competing with competition through efficient solutions and localized services.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global vibration monitoring market outlook is changing significantly globally, primarily due to increased demand for predictive maintenance and emerging IoT and sensor technologies. Although the necessity for efficiency in operations continues to rise across various sectors, major trends in this market moving ahead include wireless solutions and AI-integrated predictive analytics. High up-front costs, data security risks, and performance in extreme conditions are major challenges the market still faces. However, growth potential remains strong in emerging regions. With ongoing innovations in technology, movement toward automation and smart maintenance systems, the vibration monitoring market is all set to move forward with consistent expansion on strong grounds, thereby opening value opportunities for old players and new entrants in the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.6 billion |
Market size value in 2032 | USD 2.63 billion |
Growth Rate | 5.6% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Vibration Monitoring Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vibration Monitoring Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vibration Monitoring Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vibration Monitoring Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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