Shock Sensors Market Is Expected To Touch New Height Of $1.73 Billion By 2025: Grand View Research, Inc.

September 23 02:46 2019
Shock Sensors Market Is Expected To Touch New Height Of $1.73 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global shock sensor market size was valued at USD 583.7 million in 2018 and is expected to register a CAGR of 17.2% from 2019 to 2025.

The global shock sensor market size is expected to reach USD 1,726.7 million by 2025, registering a CAGR of 17.2% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. 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.

North America shock sensors market size, by type, 2014 - 2025 (USD Million)

Furthermore, shock sensors are widely used in sports helmets. They are embedded in helmets and mouth guards to record impacts whenever players injure themselves and play a crucial role in determining the nature of the injury, thereby helping doctors/health experts decide the best course of treatment. The data emitted by these sensors is transferred to smartphones or a connected computing device, which helps offer timely medical assistance. For instance, i1Biometrics, a Washington-based company, manufactures a variety of shock sensors designed specifically to be attached to helmets for rendering timely assistance to sportspersons.

There has been a growing need for protecting shipped goods from damages caused during transit. This is one of the major factors expected to drive the market growth over the forecast period. Additionally, the demand for shock sensors is increasing in Asia Pacific, Alaska, and Africa owing to the steady growth in oil & gas exploration activities in these regions. The shock sensors used for various applications in the oil & gas industry are rugged and can withstand harsh environments with very high temperatures.

The major players have been shifting their focus on research & development activities aimed at the development of new technologies and fine-tuning their existing products to sustain the growing competition. The manufacturers also offer a few key add-on services such as maintenance services and the add-on software analytics used to measure shocks. These measures are enabling manufacturers to maintain their market positions.

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https://www.grandviewresearch.com/industry-analysis/shock-sensor-market

Further key findings from the report suggest:

  • Aerospace segment is anticipated to register the highest CAGR from 2019 to 2025 owing to the growing use of sensors for recording and monitoring vibrations in hazardous environments

  • The strain gage segment is anticipated to register the highest CAGR of 20.6% from 2019 to 2025 owing to the increasing adoption of strain gage shock sensors as primary sensors

  • The Asia Pacific regional market is anticipated to reach USD 545.6 million by 2025 owing to the increase in aerospace and defense budgets of countries such as India and China

  • Key industry participants include 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 i1Biometrics.

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Grand View Research has segmented the global shock sensors market on the basis of type, material, end use, and region.

Shock Sensors Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 – 2025)

  • Piezoelectric

  • Piezoresistive

  • Capacitors

  • Strain Gage

  • Others

Shock Sensors Material Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 – 2025)

  • Tourmaline

  • Quartz

  • Salts

  • Gallium Phosphate

Shock Sensors End-Use Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 – 2025)

  • Automotive

  • Aerospace

  • Industrial

  • Consumer Electronics

  • Others

Shock Sensors Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Colombia

  • Middle East & Africa

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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