The global shock sensor market size is expected to be worth around US$ 2,726.7 million by 2030, according to a new report by Vision Research Reports.
The global shock sensor market size was valued at US$ 683.7 million in 2020 and is anticipated to grow at a CAGR of 18.2% during forecast period 2021 to 2030.
|Market Size||USD 2,726.7 million by 2030|
|Growth Rate||CAGR of 18.2% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Type, Material, End-Use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||TE Connectivity; Murata Manufacturing Co., Ltd.; PCB Piezotronics Inc; Honeywell International, Inc.; Dytran Instruments Inc; Mobitron AB; Meggitt SA; Spotsee; IMI Sensors; SignalQuest, LLC; Climax Technology Co., Ltd.; and i1 Biometrics.|
The increasing use of shock sensors in oil & gas exploration activities and products such as laptops, ATMs, bank vaults, burglar alarms, and sports & safety helmets is expected to remain the key factor driving their demand over the forecast period. The increasing number of smart city initiatives undertaken across different countries is expected to further fuel the shock sensors market growth.
Shock sensors are compact in size as well as affordable. These benefits are leading to their large-scale use by buyers in the consumer electronics segment. They are also deployed inside cars and homes, wherein any kind of forced entry or a slight tap triggers an alarm. Moreover, they are user-friendly and consumers can operate and track the alarm performance using a laptop or a smartphone. These easy-to-use features are leading to a surge in their demand.
By Type Analysis
Based on type, the shock sensor market has been classified into piezoelectric, piezoresistive, capacitors, strain gage, and others. The strain gage segment is expected to witness steady growth over the forecast period.
The strain gage segment is anticipated to emerge as the fastest-growing segment over the forecast period, especially in the North American and Asia Pacific regions. The growth of the segment can also be attributed to the improved properties and functional features of these sensors.
By Material Analysis
Based on the material used for manufacturing shock sensors, the market has been classified into tourmaline, quartz, salts, and gallium phosphate. Quartz is the most abundantly available, natural material used for manufacturing sensors.
Tourmaline is the most preferred material for manufacturing shock sensors used in underwater explorations. Gallium phosphate is a synthesized chemical used for manufacturing shock sensors that typically operate at an approximate temperature of 10000C in hazardous environments.
By End-Use Analysis
Based on end-use, the market has been segmented into automotive, aerospace, industrial, consumer electronics, and others. The automotive segment dominated the global market in 2020, followed by the aerospace and industrial segments.
the increasing terrorist activities and other forms of external aggression are encouraging most governments across the world to make higher investments for upgrading their aerospace and defense equipment. Shock sensors are typically used in flight controls as well as actuation systems.
By Regional Analysis
The regions covered in the report are North America, Europe, Asia Pacific, Latin America, and MEA. The North American region dominated the market in 2018 owing to the presence of a well-established infrastructure in several industries and the improved after-sales services provided by the sensor manufacturers in the region.
The costs of shock sensors are expected to marginally reduce over the forecast period. The costs have been declining steadily over a while due to various reasons such as competition among manufacturers, advancements in technology, and so on. The demand is anticipated to increase manifold in a wide range of end-use applications, including automotive, industrial, and communication application areas.
TE Connectivity; Murata Manufacturing Co., Ltd.; PCB Piezotronics Inc; Honeywell International, Inc.; Dytran Instruments Inc; Mobitron AB; Meggitt SA; Spotsee; IMI Sensors; SignalQuest, LLC; Climax Technology Co., Ltd.; and i1 Biometrics.
Middle East & Africa
The Shock Sensor market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Shock Sensor market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Shock Sensor market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Shock Sensor market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Shock Sensor market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Shock Sensor capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Shock Sensor by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Shock Sensor market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Shock Sensor market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Shock Sensor market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Shock Sensor industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Shock Sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Shock Sensor market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Shock Sensor market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Shock Sensor market. These factors have benefited the growth of the global market for Shock Sensor. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Shock Sensor. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Shock Sensor are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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