The global shock sensor market size is expected to reach USD 4, 216.6 million by 2030, growing at a CAGR of 21.0% from 2023 to 2030. Shock sensors detect a movement or acceleration and convert this physical change into electrical signals, providing accurate alarms for shocks. The growing demand to detect sudden vibrations across industries drives the market’s growth.
Various industries across the globe are adopting shock sensors for various uses. For instance, the shipping and transportation industry is adopting shock sensors to manage and control the damage to shipping containers and assets inside them. These industries are leveraging shock sensors with GPS tracking capacity to prevent and track their assets simultaneously.
The growing integration of IoT technology with shock sensors is creating a significant growth opportunity in the market. IoT technology, along with AI, is anticipated to provide shock sensor users with real-time updates, predictive analysis, and precise monitoring capabilities, thus allowing immediate response. The proactive monitoring approach, along with data-driven decision making is driving the segment’s growth.
The COVID-19 pandemic adversely impacted the shock sensors market. Global shutdowns and lockdowns lead to supply chain disruption and several delays in component production. The adversities of the pandemic, along with a lack of investments, slowed down the market's innovation and research & development. However, the market is anticipated to slowly recover and launch new innovative shock sensors with advanced technologies over the forecast period.
Various industries across the globe are adopting shock sensors for various uses. For instance, the shipping and transportation industry is adopting shock sensors to manage and control the damage to shipping containers and assets inside them. These industries are leveraging shock sensors with GPS tracking capacity to prevent and track their assets simultaneously.
The growing integration of IoT technology with shock sensors is creating a significant growth opportunity in the market. IoT technology, along with AI, is anticipated to provide shock sensor users with real-time updates, predictive analysis, and precise monitoring capabilities, thus allowing immediate response. The proactive monitoring approach, along with data-driven decision making is driving the segment’s growth.
The COVID-19 pandemic adversely impacted the shock sensors market. Global shutdowns and lockdowns lead to supply chain disruption and several delays in component production. The adversities of the pandemic, along with a lack of investments, slowed down the market's innovation and research & development. However, the market is anticipated to slowly recover and launch new innovative shock sensors with advanced technologies over the forecast period.
Shock Sensor Market Report Highlights
- The piezoresistive shock sensor segment is expected to grow significantly over the forecast period. The piezoresistive shock sensors' high accuracy, low costs, and small form factors are driving the segment's growth
- The automotive segment is anticipated to register significant growth over the forecast period. The use of shock sensors in vehicle testing and research to assess impact performance and their use in cars is driving the segment's growth
- Asia Pacific is anticipated to register significant growth over the forecast period. The regional growth can be attributed to growing industries in countries such as China, Japan, and India. Additionally, rising concerns for asset protection and safety contribute to the regional market's growth
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
Chapter 4. Shock Sensor Market: Type Estimates & Trend Analysis
Chapter 5. Shock Sensor Market: End-use Estimates & Trend Analysis
Chapter 6. Shock Sensor Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- TE Connectivity
- PCB Piezotronics, Inc.
- Honeywell International Inc.
- DYTRAN INSTRUMENTS INCORPORATED
- Murata Manufacturing Co., Ltd.
- Mobitron AB
- Meggitt PLC
- SpotSee
- SignalQuest, LLC
- Climax Technology, Co. Ltd
Methodology
LOADING...
