Vibration Monitoring Market Synopsis

Vibration Monitoring Market Size Was Valued at USD 1.6 Billion in 2023, and is Projected to Reach USD 2.8 Billion by 2032, Growing at a CAGR of 6.5% From 2024-2032.

The vibration monitoring market is related to technologies and systems for the measurement and analysis of the vibrational signals of machines, structures, and other equipment to identify faults, dynamic unbalance, or other possible failures. Such systems are crucial components of condition based monitoring and other advanced strategies for equipment maintenance that allow industries not only to understand the condition of their equipment at the moment of the study but also to prevent possible failures. These systems assist in identifying the vibration levels and patterns that are needed to increase production, reduce downtime, lower maintenance expenses and increase original equipment manufacture across manufacturing, energy, aerospace and automotive industries.

• The market of vibration monitoring has been steadily expanding over recent years due to more frequent usage of condition based maintenance approaches and the need for higher automation rates in condition monitoring systems. maintenance management services are becoming an important necessity in industries since it is critical to have real-time health check of the machines and equipment to prevent nasty surprises in form of breakdowns as well as to have assurance that they are working optimally. This change of practice from breakdown maintenance to preventive maintenance is further increasing the demand for vibration monitoring systems in manufacturing industries, energy industries and both onshore and offshore oil & gas industries and transportation industries.
• The adoption of vibration monitoring is supported also by the trends of Industry 4.0 and IoT integration where different sensors are connected and monitored easily.. They have also allowed organizations to use analytical tools with the help of artificial intelligence to forecast failure of equipment before it happens, hence reducing the time equipment is offline, thus improving efficiency. Additionally, focusing on safety regulations needed to ensure compliance with high requirements that are necessary among industries has also driven the market demand. The market will experience a further increase in growth due to growing business spending on the digital evolution and different types of innovations to sustain their positions in the world market.

Vibration Monitoring Market Trend Analysis

Integration of IoT and AI in Vibration Monitoring

• Embracing of IoT in the vibration monitoring market is one of the most significant trends which are being observed in the market.. Vibration sensors can be provided as IoT devices into equipment, which enables real-time monitoring of equipment’s vibration level without interruption while AI-based tools can analyze the data collected by the sensors to offer actionable conclusions. It is becoming the new norm of implementation in industries as AI-enabled, predictive models can first detect issues that may lead to machine breakdowns. Consequently, these smart solutions are gradually being integrated into companies’ practices to increase operational productivity, cut maintenance expenses, and increase equipment effectiveness.

Growing Adoption of Wireless Vibration Monitoring Systems

• The increasing use of wireless vibration monitoring systems is a promising business opportunity for market participants.. Wired monitoring system traditionally used tend be expensive and challenging to install particularly within large scale industrial environments. Wireless systems, however, are more flexible, easy to install and cheaper than wired systems. They are not new fame, especially with the increasing use, especially in areas where wiring is difficult. Furthermore, they can be very adaptable with IoT platforms and facilitate real-time monitoring and more importantly predictive analysis. Wireless alternatives planning to trim down the functioning expenses on equipment and overall incidents is presumably likely to fuel the wireless vibration monitoring market in the upcoming years.

Vibration Monitoring Market Segment Analysis:

Vibration Monitoring Market Segmented on the basis of Component, System Type and end user.

By Component, Software segment is expected to dominate the market during the forecast period

• The software segment will appear as the largest segment within the vibration monitoring market throughout the forecast period due to its importance for data analysis, prediction of necessary maintenance, and other real-time applications.. In the wake of a growing application of digitalization approaches in industries, the software tools used to gather and analyze data from sensors and monitoring systems should be sophisticated. These software platforms perform reporting and provide analytical tools that drive historical data and use Artificial intelligence and machine learning to predict equipment failures and schedule the maintenance correctly and rightly, avoiding more downtime to an equipment.
• In addition, the increasing adoption of cloud solutions, IoT systems, and analytical platforms is observed due to the need for more extensive, versatile, and effective methods to detect the state of equipment and improve productivity.. This shift towards software solutions use particularly in manufacturing, energy, automotive sectors makes this software segment a vital driver of the market in the future years.

By System Type, Embedded Systems segment expected to held the largest share

• Embedded systems are expected to remain the largest revenue-generating segment of the vibration monitoring market throughout the forecast period.. Real time and inbuilt systems proved far more reliable as they are set on machinery and equipment, enabling constant tracking of the levels of vibration as a predictive maintenance measure. These systems work independently so they do not require any other hardware that is something preferred by industries that require continuous monitoring. On that basis, the embedded systems bring benefits such as high accuracy and quick response to possible faults in equipment or devices, to say in manufacturing industries where they help in the optimization of the performance of equipment.
• Furthermore, the progress in sensorial technologies and integration with IoT has catapulted the embedded systems into new levels of power and intelligent scalability.. Their versatility in industries including the risky oil & gas and manufacturing industries and energy has made them popular making them control the vibration monitoring market market share.

Vibration Monitoring Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• The vibration monitoring market in North America may lead the global market over the forecast period as a result of its robust industrial sector, advanced technological systems, and the continued popularity of predictive maintenance across different industries.. As for the data, the United States dominates it, as companies from manufacturing, oil & gas, aerospace, and energy industries invest in more sophisticated vibration monitoring systems that would help improve their output and minimize equipment downtimes. Complex automation, which has been rising steadily in recent years, together with the shift toward higher concerns for reducing maintenance costs and enhancing the dependability of equipment, has boosted the interest for sophisticated condition monitoring systems across the region.
• Moreover, the synergy between the IoT and artificial intelligence in monitoring solutions has been strongest in North America, where monitoring solutions can acquire real-time data and analysis.. Industry harness safety and environmental regulatory standards also result into the companies investing in these technologies. The industry of North America has regular inputs from the leading players in the market and has consistency in the development of technology to monitor the vibrations which make it capable to sustain its position as a leader in the market and holds a good market share in the global market during the given forecast period.

Active Key Players in the Vibration Monitoring Market

• ALS Limited (Australia)
• Analog Devices, Inc. (USA)
• Azima DLI (USA)
• Brüel & Kjær (Denmark)
• Emerson Electric Co. (USA)
• Fluke Corporation (USA)
• General Electric (USA)
• Honeywell International Inc. (USA)
• Meggitt PLC (UK)
• National Instruments Corporation (USA)
• PCB Piezotronics, Inc. (USA)
• Pruftechnik Dieter Busch AG (Germany)
• Rockwell Automation (USA)
• Schaeffler AG (Germany)
• SKF (Sweden)
• Other key Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Vibration Monitoring Market by Component
 4.1 Vibration Monitoring Market Snapshot and Growth Engine
 4.2 Vibration Monitoring Market Overview
 4.3 Hardware
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Hardware: Geographic Segmentation Analysis
 4.4 Software
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Software: Geographic Segmentation Analysis
 4.5 Services
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Services : Geographic Segmentation Analysis

Chapter 5: Vibration Monitoring Market by System Type
 5.1 Vibration Monitoring Market Snapshot and Growth Engine
 5.2 Vibration Monitoring Market Overview
 5.3 Embedded Systems
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Embedded Systems: Geographic Segmentation Analysis
 5.4 Vibration Analyzers
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Vibration Analyzers: Geographic Segmentation Analysis
 5.5 Vibration Meters
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Vibration Meters : Geographic Segmentation Analysis

Chapter 6: Vibration Monitoring Market by End User
 6.1 Vibration Monitoring Market Snapshot and Growth Engine
 6.2 Vibration Monitoring Market Overview
 6.3 Energy & Power
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Energy & Power: Geographic Segmentation Analysis
 6.4 Metals & Mining
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Metals & Mining: Geographic Segmentation Analysis
 6.5 Oil & Gas
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Oil & Gas: Geographic Segmentation Analysis
 6.6 Automotive
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Automotive: Geographic Segmentation Analysis
 6.7 Food & Beverages
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Food & Beverages: Geographic Segmentation Analysis
 6.8 Others
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Vibration Monitoring Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 ALS LIMITED (AUSTRALIA)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 ANALOG DEVICES
 7.4 INC. (USA)
 7.5 AZIMA DLI (USA)
 7.6 BRÜEL & KJÆR (DENMARK)
 7.7 EMERSON ELECTRIC CO. (USA)
 7.8 FLUKE CORPORATION (USA)
 7.9 GENERAL ELECTRIC (USA)
 7.10 HONEYWELL INTERNATIONAL INC. (USA)
 7.11 MEGGITT PLC (UK)
 7.12 NATIONAL INSTRUMENTS CORPORATION (USA)
 7.13 PCB PIEZOTRONICS
 7.14 INC. (USA)
 7.15 PRUFTECHNIK DIETER BUSCH AG (GERMANY)
 7.16 ROCKWELL AUTOMATION (USA)
 7.17 SCHAEFFLER AG (GERMANY)
 7.18 SKF (SWEDEN)
 7.19 OTHER KEY PLAYERS

Chapter 8: Global Vibration Monitoring Market By Region
 8.1 Overview
 8.2. North America Vibration Monitoring Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Component
  8.2.4.1 Hardware
  8.2.4.2 Software
  8.2.4.3 Services
  8.2.5 Historic and Forecasted Market Size By System Type
  8.2.5.1 Embedded Systems
  8.2.5.2 Vibration Analyzers
  8.2.5.3 Vibration Meters
  8.2.6 Historic and Forecasted Market Size By End User
  8.2.6.1 Energy & Power
  8.2.6.2 Metals & Mining
  8.2.6.3 Oil & Gas
  8.2.6.4 Automotive
  8.2.6.5 Food & Beverages
  8.2.6.6 Others
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
 8.3. Eastern Europe Vibration Monitoring Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Component
  8.3.4.1 Hardware
  8.3.4.2 Software
  8.3.4.3 Services
  8.3.5 Historic and Forecasted Market Size By System Type
  8.3.5.1 Embedded Systems
  8.3.5.2 Vibration Analyzers
  8.3.5.3 Vibration Meters
  8.3.6 Historic and Forecasted Market Size By End User
  8.3.6.1 Energy & Power
  8.3.6.2 Metals & Mining
  8.3.6.3 Oil & Gas
  8.3.6.4 Automotive
  8.3.6.5 Food & Beverages
  8.3.6.6 Others
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Bulgaria
  8.3.7.2 The Czech Republic
  8.3.7.3 Hungary
  8.3.7.4 Poland
  8.3.7.5 Romania
  8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Vibration Monitoring Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Component
  8.4.4.1 Hardware
  8.4.4.2 Software
  8.4.4.3 Services
  8.4.5 Historic and Forecasted Market Size By System Type
  8.4.5.1 Embedded Systems
  8.4.5.2 Vibration Analyzers
  8.4.5.3 Vibration Meters
  8.4.6 Historic and Forecasted Market Size By End User
  8.4.6.1 Energy & Power
  8.4.6.2 Metals & Mining
  8.4.6.3 Oil & Gas
  8.4.6.4 Automotive
  8.4.6.5 Food & Beverages
  8.4.6.6 Others
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 Netherlands
  8.4.7.5 Italy
  8.4.7.6 Russia
  8.4.7.7 Spain
  8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Vibration Monitoring Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Component
  8.5.4.1 Hardware
  8.5.4.2 Software
  8.5.4.3 Services
  8.5.5 Historic and Forecasted Market Size By System Type
  8.5.5.1 Embedded Systems
  8.5.5.2 Vibration Analyzers
  8.5.5.3 Vibration Meters
  8.5.6 Historic and Forecasted Market Size By End User
  8.5.6.1 Energy & Power
  8.5.6.2 Metals & Mining
  8.5.6.3 Oil & Gas
  8.5.6.4 Automotive
  8.5.6.5 Food & Beverages
  8.5.6.6 Others
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Vibration Monitoring Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Component
  8.6.4.1 Hardware
  8.6.4.2 Software
  8.6.4.3 Services
  8.6.5 Historic and Forecasted Market Size By System Type
  8.6.5.1 Embedded Systems
  8.6.5.2 Vibration Analyzers
  8.6.5.3 Vibration Meters
  8.6.6 Historic and Forecasted Market Size By End User
  8.6.6.1 Energy & Power
  8.6.6.2 Metals & Mining
  8.6.6.3 Oil & Gas
  8.6.6.4 Automotive
  8.6.6.5 Food & Beverages
  8.6.6.6 Others
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkey
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
 8.7. South America Vibration Monitoring Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Component
  8.7.4.1 Hardware
  8.7.4.2 Software
  8.7.4.3 Services
  8.7.5 Historic and Forecasted Market Size By System Type
  8.7.5.1 Embedded Systems
  8.7.5.2 Vibration Analyzers
  8.7.5.3 Vibration Meters
  8.7.6 Historic and Forecasted Market Size By End User
  8.7.6.1 Energy & Power
  8.7.6.2 Metals & Mining
  8.7.6.3 Oil & Gas
  8.7.6.4 Automotive
  8.7.6.5 Food & Beverages
  8.7.6.6 Others
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research