Vibration Monitoring Market by Accelerometers, Proximity Probes, Velocity Sensors, Transmitters, Vibration Analyzers, Vibration Meters, Online Vibration Monitoring, Portable Vibration Monitoring, On-premises, Cloud Software - Global Forecast to 2029
Viberation Monitoring Market Size and Growth
[250 Pages Report] The global vibration monitoring market size is projected to grow from USD 1.85 billion in 2024 to USD 2.69 billion by 2029, at a CAGR of 7.8%. The growing demand for vibration monitoring systems is driven by the increasing adoption of smart manufacturing, which integrates technologies and services through a network to improve production quality. The prevailing global trend of smart manufacturing is expected to improve the efficiency and productivity of industries in the coming years. Vibration monitoring systems save time by eliminating downtime and failures, increasing monitoring flexibility using portable devices, providing automatic error-free solutions, and improving the reliability of factories. The growing demand for vibration monitoring is driven by its ability to enable predictive maintenance, improve efficiency, enhance safety, comply with regulations, and reduce costs.
Vibration Monitoring Market Forecast to 2029
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North America accounted for a significant share of (USD 609.2) million in the vibration monitoring market, and it is considered one of the most advanced regions in terms of technology adoption and infrastructure development. Energy and utilities, aerospace, and manufacturing are some verticals investing increasingly in vibration monitoring solutions and systems in the region. Further, Asia Pacific is expected to grow with the highest CAGR of 8.7% in the vibration monitoring market during the forecast period, owing to the rising need for process optimization in manufacturing industries.
Al is changing vibration monitoring by processing vast reams of data to support complex patterns. This enables advanced anomaly detection, predictive maintenance, and fault diagnosis. These detection, maintenance, and fault diagnosis techniques form the basis for highly accurate assessments of equipment health, optimum maintenance schedules, and reduced downtime. Al helps to gain deeper insight and facilitates faster decision-making. Accelerated growth in the vibration monitoring market is expected through Al, which is driven by increasing demand for predictive solutions to reduce operational costs and improve asset management. As a result, interest from enterprises of different industrial verticals is developing to invest in Al-based vibration monitoring systems so that extra operational efficiency and reliability can help sustain competitiveness.
Viberation Monitoring Market Trends & Dynamics
DRIVERS: Deployment of automation systems across various industries
Automation is among the most significant new technologies adopted in different industries, particularly in industries wherein processes and conditions are repeatable and predictable. These systems are gradually becoming highly flexible and intelligent, eliminating the requirement of close human supervision. They can offer optimal outcomes when a combination of sensors, actuators, microprocessors, and machine intelligence algorithms are used in these systems. Costs of various components used in automated systems have decreased in recent years, subsequently lowering the overall costs of these systems. Automation also reduces production costs and expenses on overall processes and increases the return on investments (Rol). This has resulted in the adoption of vibration monitoring systems by several small and mid-sized companies.
RESTRAINTS: Misconceptions regarding vibration monitoring system reliability and capability
Some operators rely on their instincts and experiences to judge the condition of machines, which is not always a reliable option. There may be instances where operators can overrule the analysis based on their personal experiences or due to a lack of trust in vibration monitoring technology's prediction capabilities. Experienced operators are sometimes skeptical about the diagnostics and predictions provided by vibration monitoring systems owing to mistakes made by these machines in the form of dropped metrics, service outages, and unreliable alerting signals.
OPPORTUNITIES: Rising interest in big data analytics and machine learning
The advent of machine learning, coupled with efficient big data analytics and a parallel processing framework, is transforming the vibration monitoring market. Big data analytics has accelerated the process of data analysis generated by condition monitoring systems owing to its capability of processing large data volumes. Machine learning carries out easy benchmarking of machine performance, enables transparency in data, and supports efficient collaboration among different processes of vibration monitoring systems. Big data-enabled vibration monitoring helps companies reduce overall asset ownership costs and improve business efficiency.
CHALLENGES: Shortage of experts ready to work at remote locations
Vibration monitoring systems are deployed by several companies to achieve operational excellence in their manufacturing processes by reducing equipment failures. It is a predictive maintenance strategy with the main objective of determining the current health condition of assets and predicting their future behavior to carry out maintenance at the most appropriate time. However, technical expertise is necessary for system optimization, software updates, system networking, data transmissions, and others, and it is becoming increasingly difficult to get experts who are ready to work in remote locations. As oil & gas production facilities and power generation plants are located in remote locations, the availability of experts at these locations is a challenge. Therefore, it becomes difficult to implement vibration monitoring systems in locations where access to expertise is difficult.
Vibration Monitoring Market Ecosystem
Prominent companies in this market include well-established, financially stable vibration monitoring solutions providers such as Baker Hughes Company (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), and Parker Hannifin Corp (US). These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Along with the well-established companies, many small and medium companies operate in this market, such as Machine Saver (US) and Petasense Inc. (US). Vibration monitoring plays an important role in the vast market ecosystem of industrial and process automation, as shown in the diagram below:
On-premises software segment is projected to hold largest market share during forecast period.
On-premises deployment is the conventional method of deploying vibration monitoring solutions and systems. Organizations have complete control over the on-premises data flow, as it is physically stored in the organizations where these solutions and systems are deployed. This is one of the key reasons for adopting on-premises vibration monitoring solutions and systems. On-premises deployment is feasible for small and medium-sized enterprises as data management becomes easy for them.
On-premises vibration monitoring solutions and systems collect data in real time with high accuracy, thereby reducing the response time for solving issues. On-premises deployment of vibration monitoring solutions and systems provides more control over data security than cloud deployment, leading to increased adoption of these solutions and systems over cloud deployment. However, high installation, setup, and maintenance costs restrict the adoption of on-premises deployment of vibration monitoring solutions and systems.
Automotive segment to exhibit highest CAGR during forecast period.
The automotive sector has a wide range of companies operating in it that are involved in the process of designing, developing, manufacturing, and selling motor vehicles. As customer requirements change, the automotive industry faces a technological shift from traditional manufacturing processes to new ones. The global automotive industry depends on the performance of assets to effectively perform core business activities, as system downtime can affect the revenues of automobile companies. Time plays a crucial role in the automotive industry, and any unplanned asset breakdown can significantly impact the company’s brand image and sales. Vibration monitoring systems and solutions help automobile organizations manage component wear and failures in an improved manner.
North America to hold substantial market share in 2029.
The vibration monitoring market in North America has been studied for US, Canada, and Mexico. This region is a key market for vibration monitoring solutions and systems as it is home to some of the largest multinational corporations in this market, including Baker Hughes Company (US), Honeywell International Inc. (US), Emerson Electric Co. (US), Parker Hannifin Corp (US), Rockwell Automation (US), etc. Within the complete ecosystem of vibration monitoring solutions and systems, vibration monitoring systems and solutions can accurately forecast equipment failure and help organizations reduce their maintenance and operational expenses.
Vibration Monitoring Market by Region
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Top Companies Viberation Monitoring - Key Market Players
Baker Hughes Company (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), and Parker Hannifin Corp (US) are among a few top players in the vibration monitoring companies.
Scope of the Viberation Monitoring Market Report
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Report Metric |
Details |
| Estimated Market Size | USD 1.85 billion in 2024 |
| Projected Market Size | USD 2.69 billion by 2029 |
| Growth Rate | at a CAGR of 7.8%. |
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Market Size Available for Years |
2020–2029 |
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Base Year |
2023 |
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Forecast Period |
2024–2029 |
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Units |
Value (USD Million/Billion) |
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Segments Covered |
Offering, Monitoring Process, Deployment Type, Application and Industry |
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Geographic Regions Covered |
North America, Europe, Asia Pacific, and RoW |
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Companies Covered |
Major Players: Baker Hughes Company (US), Honeywell International Inc (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), Parker Hannifin Corp (US), Rockwell Automation (US), Analog Devices, Inc. (US), ALS (Australia), Teledyne FLIR LLC (US), and Others - (Total 25 players have been covered) |
Vibration Monitoring Market Highlights
This research report categorizes the vibration monitoring market by offering, monitoring process, deployment type, application, and industry, and region.
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Subsegment |
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By Monitoring Process: |
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By Deployment Type: |
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By Industry: |
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Recent Developments
- In November 2023, SKF launched the SKF Enlight Collect IMx-1-EX sensor solution, which helps wirelessly monitor assets and predict machine failure before it escalates into a serious problem or unscheduled shutdown.
- In May 2023, Schaeffler AG combined its OPTIME Condition Monitoring system with OPTIME 3, OPTIME 5, and OPTIME 5 Ex sensors and OPTIME C1 for automated lubrication to form one solution: the OPTIME Ecosystem. This solution provided a cost-effective predictive maintenance solution that minimizes downtimes and high maintenance costs in production facilities.
- In October 2022, Emerson Electric Co. launched the AMS Condition Monitoring Service. This solution is designed to build comprehensive monitoring strategies to handle large amounts of data when there is insufficient time or staff to process and analyze it.
Frequently Asked Questions (FAQs)
What is the total CAGR expected to be recorded for the vibration monitoring market from 2024 to 2029?
The global vibration monitoring market is expected to record a CAGR of 7.8% from 2024–2029.
What are the driving factors for the vibration monitoring market?
Rising adoption of smart manufacturing, which eliminates the requirement of close human supervision, is one of the driving factors for the vibration monitoring market.
Which industry will grow at a fast rate in the future?
Automotive is expected to grow at the highest CAGR during the forecast period.
Which are the significant players operating in the vibration monitoring market?
Baker Hughes Company (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), and Parker Hannifin Corp (US) are among a few top players in the vibration monitoring market.
Which region will grow at a fast rate in the future?
The vibration monitoring market in Asia Pacific is expected to grow at the highest CAGR during the forecast period.
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The study involved four major activities in estimating the current size of the vibration monitoring market. Exhaustive secondary research has been done to collect information on the market, peer, and parent markets. The next step has been to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the vibration monitoring market.
Secondary Research
Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Primary Research
Primary sources mainly consist of several experts from the core and related industries, along with preferred vibration monitoring system providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from vibration monitoring system providers, such as Baker Hughes Company (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), and Parker Hannifin Corp (US); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.
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Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the vibration monitoring market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:
- Major players in the industry and markets have been identified through extensive secondary research.
- The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Vibration Monitoring Market: Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of the individual market segments (mentioned in market segmentation) through percentage splits from secondary and primary research. For specific market segments, the size of the most appropriate immediate parent market has been used to implement the top-down approach. The bottom-up approach has also been implemented for data obtained from secondary research to validate the market size of various segments.
Vibration Monitoring Market: Bottom-up Approach
The bottom-up approach has been used to arrive at the overall size of the vibration monitoring market from the revenues of the key players and their market shares. Calculations based on revenues of key companies identified in the market led to the estimation of their overall market size.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Market Definition
Vibration can be defined as a cyclic or periodic displacement of a machine from its static position due to its back and forth motion. This motion is mainly caused by the oscillation of various components of the machine, such as belts, gears, bearings, and drive motors. Vibration monitoring plays a critical role in plant operations because of its diverse applications on different types of critical machinery.
The vibration monitoring process includes periodical or continuous collection, analysis, interpretation, and diagnosis of data to determine the operational state and condition of machines for detecting potential failures before they turn into functional failures. This approach is different from traditional methods wherein the process of determining the condition of machines is manually controlled by the maintenance personnel. The technology is capable of detecting problems caused by misalignments and improper functioning of various sources such as bearings and gears. Vibration monitoring is widely implemented in most of the conventional rotating machinery such as pumps, motors, and turbines. It optimizes equipment readiness while reducing maintenance and staff requirements. This technique is widely used in chemical, oil & gas, aerospace & defense, power generation, automotive, heavy equipment, manufacturing, and other industries.
Key Stakeholders
- Asset management consultants specializing in physical asset management
- Associations and regulatory authorities related to plant maintenance
- Government bodies, venture capitalists, and private equity firms
- Manufacturers of components such as accelerometers, Eddy current sensors, IR detectors, ultrasonic detectors, and other instruments used for vibration monitoring
- Maintenance personnel, as well as manufacturers and suppliers of vibration monitoring systems
- Research institutes and organizations
Report Objectives
- To define and forecast the vibration monitoring market regarding offering, deployment type, monitoring process, and industry.
- To describe and forecast the vibration monitoring market and its value segments for four regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their respective countries.
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze micro-markets concerning individual growth trends, prospects, and contributions to the overall market
- To study the complete value chain of the vibration monitoring market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
- To strategically profile key players and comprehensively analyze their market position regarding ranking and core competencies, along with a detailed market competitive landscape.
- To analyze strategic approaches such as agreements, collaborations, and partnerships in the vibration monitoring market
- To provide an analysis of the recession impact on the growth of the market and its segments
Available Customizations:
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Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Vibration Monitoring Market
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