Market Size (2017)
2017
$1.93B
Vertical: SEMIBase Year: 20179 Sections
Market Size (2017)
2017
$1.93B
Projected (2023)
2023
$3.18B
CAGR (2017–2023)
8.7%
8.7%Key Players
120+
With the advent of industrial automation, the demand for efficient manufacturing has enabled manufacturers to update their assets completely for a hassle-free working operation. One of the methods to analyze the condition of machinery is vibration monitoring or analysis. Vibration monitoring assists manufacturers in detecting any faults in the operation of machinery by identifying and monitoring the vibrations. The major advantage of vibration analysis is the detection and monitoring of abnormalities and issues that need to be repaired simultaneously with machine operation and continuous check on its various parts.
The study on the global vibration monitoring market provides detailed information about industry trends, market dynamics, market size, competitive landscape, and growth opportunities. In this research report, the global vibration monitoring market has been categorized by component, system type, deployment, end-user, and region/country. Based on component, the market has been segmented into hardware, software, and services. The hardware segment has been further segmented into transmitters, accelerometers, proximity sensors, velocity sensors, and others. Services are further segmented into professional service and managed service. By system type, the market has been segmented into vibration analyzer, embedded systems, and vibration meters. Based on deployment, the market is segmented into on-premise and cloud. By end-user, the market has been segmented into automotive, metal and mining, food & beverage, chemicals, oil & gas, and others. The oil & gas sector accounted for the largest market share owing to the high use of high-level rotating machinery requiring continuous need for anomaly detection and monitoring. Furthermore, technological advancements and digitalization in this sector have significantly increased the probability of machine failure or abnormal functioning of machines. The regions included in the study are North America, Europe, Asia-Pacific, and the rest of the world.
By region, North America is expected to dominate the vibration monitoring market during the review period and grow at a significant CAGR from 2018 to 2023. The region is an early adopter of industrial automation and digital technologies including AI, IoT, and machine learning for vibration and condition monitoring and is continuously investing in developing solutions that curb the rising revenue losses due to machine failure. Moreover, the strong presence of global market players, system integrators, distributors, and resellers in the region further contribute to the market share in North America.
The vibration monitoring market is highly competitive with the presence of many vendors that offer high-quality vibration monitoring solutions to their customers. The major vendors profiled in the study are Emerson Electric Co., General Electric, National Instruments Corporation, SKF AB, and Brüel & Kjær, Analog Devices Inc., Rockwell Automation, Inc., Fortive Corporation, Meggitt PLC, I-care Reliability Inc., Shinkawa Electric Co., Ltd, Metrix Instrument Co., LP, CEC Vibration Products, CEMB SpA, Wilcoxon Sensing Technology, Prüftechnik Dieter Busch AG, AssetSense, Semaq, Yokogawa Electric Corporation, MachineSaver, Inc., Petasense Inc., Augury, 3DSignals Ltd, and Senseye Ltd. The market players follow several organic and inorganic growth strategies, under which they focus on partnerships, agreements, collaborations, mergers, acquisitions, business expansion, product launches, and product enhancements to strengthen their position and excel in the global vibration monitoring market.
The Vibration Monitoring Market market is projected to grow at a CAGR of 8.7% from 2017 to 2023.
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansVibration monitoring involves the process of examining the condition of machinery to detect damages to ensure the health and efficiency of machines. This process is primarily applied to machines possessing rotating function, such as motors, fans, turbines, pumps, and compressors. The data collected using vibration monitoring systems determine the actual condition of a machine and analyzes whether the bearings and other rotating elements are correctly installed. This enables factories and plants increase their production capacity, maximizes the efficiency of machines, optimizes machine performance, prevents unscheduled downtime, and reduces downtime period, therefore minimizes operating costs of their machinery. Vibration monitoring at early stages can also help in identifying vibrations that might cause malfunction or failure in manufacturing processes.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2017
Historical Period
2017 – 2017
Forecast Period
2017 – 2023
Primary Interviews
150+
Historical data (2017–2017) and forecast period (2017–2023)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansMarket estimates by geography (2023)
InsightNorth America leads with $995.80M by 2023, while Asia Pacific is projected to grow fastest at a 10.7% CAGR.
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View Subscription Plans| REGION | 2017 | 2017 | 2023 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $433.60M | $586.10M | $799.90M | 10.7% | 25% |
| Europe | $535.80M | $666.80M | $838.00M | 7.7% | 26% |
| Rest of the World | $349.90M | $435.10M | $542.90M | 7.6% | 17% |
| North America | $611.80M | $776.80M | $995.80M | 8.5% | 31% |
| Total | $1.93B | $2.46B | $3.18B | 8.7% | 100% |
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View Subscription PlansTotal Market Size
$3.18B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Hardware | $1.40B | 8.7% | 89% |
| Services | $1.14B | 8.7% | 89% |
| Software | $628.60M | 8.7% | 89% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Vibration Monitoring Market covering market dynamics, competitive landscape, and strategic outlook.
The Vibration Monitoring Market market is projected to reach $3.18B by 2023, growing at 8.7% CAGR. The Hardware segment holds the largest share.
Vibration monitoring as a part of system maintenance is gaining a lot of interest owing to the various benefits offered by it, such as reduced maintenance budgets, enhanced productivity, and improved machine conditions. The advancements in technology have led to the development in vibration monitoring with help of wireless systems. Its main objective is to allow the analysis of data to be carried out locally at field level and then transmitting the results wirelessly to the base station. This will help overcome the need for mass wiring of components and machinery and enable providing a cost-effective way to detect faults in machines. Furthermore, due to the emergence of industry 4.0, there is a growing trend among companies to design and develop an online monitoring system based on wireless technology. This trend is expected to grow owing to the several benefits of vibration monitoring along with wireless technology such as the diagnosis of faults in transmission systems and industrial robot joints.
The use of AI and machine learning in the machine condition monitoring and fault diagnosis is expected to benefit the manufacturing industries and see significant growth prospects in the near future. Artificial intelligence (AI) is a unique and effective method of machine condition monitoring and fault diagnosis as these techniques are used as tools for routine maintenance of the industrial machinery. It helps in predicting motor and equipment failure in real-time and tracks the multiple states of assets, thus developing a performance profile of the machinery. The use of AI in condition monitoring helps in providing user-defined, real-time alerts and communicating it to prevent potential failure or degradation of machines. Therefore, in vibration monitoring systems, the use of AI and machine learning algorithms play a pivotal role in creating an intelligent manufacturing system, thus reducing threats and latency in the manufacturing operations.
The fault diagnosing, and vibration monitoring system is a complex network of several devices connected to each other. The overall vibration monitoring system in any industry becomes complex with increasing number of mechanical equipment connected to it. With the growing number of mechanical elements to be monitored, the system complexity also increases. Further, the connection of newer elements in the vibration monitoring system becomes hard due to the lack of customization of the system. Additionally, high installation costs, lack of skilled workforce and other technical resources for data analysis for prediction of machine condition monitoring are expected to hinder the market growth during the forecast period.
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Profiles of 120 companies operating in the Vibration Monitoring Market market, including revenue, employee count, and market positioning where available.
Showing 120 of 120 companies
3DSignals Ltd
Company Headquarters: Israel Founded: 2015 Workforce: ~10 Company working: 3DSignals Ltd is one of the emerging start-ups which engages in the development of sound-based predictive maintenance platforms for manufacturing companies. The company provides machine hearing, acoustics monitoring, and deep learning platforms that monitor the sensory data from the machine production line. These platforms help the manufacturers to identify anomalies, categorize in terms of machine failure, and forecast the problems before they occur. The company specializes in artificial intelligence, industrial, and industrial automation. The company generated total funding of nearly USD 6 million as of 2016.
Sensye Ltd
Company Headquarters: UK Founded: 2014 Workforce: ~200 Company Overview: Sensye Ltd (Senseye) is an emerging start-up which provides cloud-based predictive maintenance software. The company provides manufacturers with condition monitoring solutions, which help them avoid downtime and save the money by forecasting machine failure. Senseye uses machine learning algorithms which help manufacturers to use it on any machines to automatically detect and diagnose failures. Some of the key customers of the company include Siemens AG, SKF, General Electric, Schneider Electric SE, and PTC ThingWorx. The company has its offices located in the US, the UK, and Japan and plans to expand its presence in the rest of the world.
Augury Inc.
Company Headquarters: US Founded: 2012 Workforce: ~100 Company Working: Augury Inc. (Augury) is one of the emerging start-ups working in the field of producing machine diagnostics back-end platform for the Internet of Things (IoT). The company owns a specialized platform to automatically diagnose the problems in the machines based on the sound generated by them while working. The company’s vibration and ultrasonic sensors help in regularizing these defects by linking the machine learning algorithms. The output and analysis of the machine vibration can be monitored on the smartphone. Augury is investing in research and development for enhancing its service portfolio to become a leading player in machine vibration monitoring. The company majorly operates in the US and plans to expand further in other parts of the globe. The company specializes in big data, enterprise software, health diagnostics, machine learning, and the Internet of things (IoT).
Petasense Inc.
Company Headquarters: US Founded: 2014 Workforce: ~30 Company Working: Petasense Inc. is a start-up that provides end-to-end vibration solutions, cloud-based services, and machine learning analytics. The company has filed a patent for wireless vibration sensor. Its solutions and products benefit the customers in providing asset reliability and predictive maintenance services by enabling them to monitor, assess, and use predictive maintenance to note the real-time health of critical machines. Some of the major clients of Petasense includes JLL, Silicon Valley Power, Stanford University, and C&W Services. The company has raised a total funding of USD 1.80 million till 2017.
Prüftechnik Dieter Busch AG
Company Headquarters: Germany Founded: 1972 Workforce: ~590 Company Working: Prüftechnik Dieter Busch AG (Prüftechnik) develops and manufactures testing and measurement systems. It offers alignment systems for rotating machinery, equipment for monitoring positional changes, and condition monitoring systems. Conditional monitoring systems include portable instruments, online condition monitoring systems, continuous wear monitoring systems, condition monitoring software solutions, machine protection systems, sensors, and accessories. The company also offers non-destructive testing systems including eddy current testing, turnkey systems, flux leakage testing, and induction bearing heaters. The company’s products are used in various applications including condition monitoring, roll and shaft alignment, turbine alignment, geometrical alignment, field balancing, vibration analysis, and wear particle monitoring. It caters to the automotive, chemical/petrochemical, mining, food and beverages, marine and shipping, oil and gas, and wind energy industries.
CEC Vibration Products
Company Headquarters: US Founded: 1937 Workforce: ~290 Company Working: CEC Vibration Products is a manufacturer of condition monitoring equipment and vibration sensors specially made for harsh environments. The company provides unsurpassed strain-gauge application and engineering support for those customers that require solutions for gauged applications. The company provides self-generating velocity sensors, digital switches, transmitters, industrial and high-temperature accelerometers, remote displays, signal conditioners, and cable assemblies to monitor, measure, and provide critical machinery feedback of machinery health. The company also offers products and solutions to worldwide industrial, military, aerospace and marine customers for critical machinery health measurements.
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Vibration Monitoring Market