Shock Sensor Market Size, Share, Global Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Shock Sensor Market


The global Shock Sensor market size is projected to reach US$ 2077.83 million by 2026, from US$ 801.76 million in 2020, at a CAGR of 17.2% during 2021-2026. The market has witnessed considerable growth over the past few years owing to the increasing use of shock sensors in various end-use industries. Sectors such as aerospace, automotive, and consumer electronics have witnessed increased usage of these devices over a period of time. Additionally, the growing number of smart city projects, product innovations, and frequent use of shock sensors in transportation of goods and manufacturing plants are some of the factors expected to enhance the growth prospects of the market over the forecast period.

The rapid growth of the retail sector has also led to increased use of these sensors in this sector. Shock sensors are also used as glass-break sensors in residential and commercial buildings, burglar alarms, and automobiles to trigger an alarm in the event of forced entry. The multiple uses of these sensors in the consumer electronics segment are expected to further drive the sales of these products. A notable feature that has become popular is the integration of data recorded by shock sensors and other sensors in a multi-environment setup to provide opportunities for Product-as-a-Service (PaaS).

In case a machine in an industrial plant starts malfunctioning and the vibrations and shocks surpass the predetermined levels, the sensors trigger an alarm for similar potential problems in other machines located in the plant. This creates opportunities for providing a maintenance case package and guaranteeing machine revival in minimal time as add-on additional services for extra charges. For instance, ABBs multi-sensor ecosystem also functions as a PaaS and includes different sensors attached to the machine motor. ABBs cloud-based processing system runs, tracks, and monitors data to determine a machines longevity and also re-greases it for smooth functioning, thereby reducing the downtime considerably.

Shock sensors are also used as visual labels while shipping goods from one destination to another. These are usually placed on fragile packaged equipment and the visual labels act as indicators when the goods are in transit. These indicators change color if the fragile equipment is scratched or damaged during shipping. This immediately signals the end users and helps them claim insurance for the damaged goods.

A large number of other industrial manufacturers have started including these visual labels as an indispensable component attached to their packaged goods. The growing use of smartphones and personal computers over the last few years has also positively influenced the market growth. Most of the established manufacturers offer remote monitoring and proactive maintenance services to enable companies to track machine functioning, identify technical problems, and schedule maintenance either through smartphones or computers. These services significantly reduce the probability of unexpected machine breakdowns and enable companies to increase system uptime.

Market Segmentation, Outlook & Viewpoint: Global Shock Sensor Market

Type Market Segmentation & Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

  
Piezoelectric
  
Piezoresistive
  
Capacitors
  
Strain Gage
  
Others

Material Market Segmentation & Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

  
Tourmaline
  
Quartz
  
Salts
  
Gallium Phosphate

End Use Market Segmentation & Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

  
Automotive
  
Aerospace
  
Industrial
  
Consumer Electronics
  
Others

Key Players, Recent Developments & Regional Insights: Global Shock Sensor Market

On the basis of end use, the market has been segmented into automotive, aerospace, industrial, consumer electronics, and others. The automotive segment dominated the global market in 2018, followed by the aerospace and industrial segments. The use of these sensors in the aerospace segment, particularly, in North America and Asia Pacific regions, is expected to increase over the forecast period. The increase in defense budgets and use of shock sensors in updating military equipment are driving the demand for these sensors in the aerospace segment.

Furthermore, 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. They are also used to measure torque and force in braking and actuation systems. Additionally, the demand for the use of these sensors in end-use segments such as automotive, consumers, and industrial is also increasing.

The others segment in the report covers industries such as oil & gas and construction. The usage of these sensors in these sectors is anticipated to increase in the next few years. A surge in the usage of shock or impact sensors in sports helmets is also expected to increase over the forecast period. Shock sensors are being increasingly embedded inside helmets owing to their compact size. They record and transfer technical data to a persons smartphone, thereby allowing the user to receive timely medical assistance in the case of a concussion or an injury.

Regional Insights

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 Asia Pacific market is expected to grow at the highest CAGR over the forecast period owing to the steady expansion of the automotive, aerospace and defense, consumer electronics, and industrial manufacturing sectors. Frequent oil & gas explorations in the MEA region is one of the primary reasons driving the demand for these sensors region.
The costs of shock sensors are expected to marginally reduce over the forecast period. The costs have been declining steadily over a period of time 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. Thus, the unit shipments of these devices are expected to increase in the North American and Asian Pacific regions over the forecast period.

Shock Sensor Market Share Insights

The key players operating in the market 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 i1 Biometrics. To cope with the rising competition, the key industry players are emphasizing on investing in research & development activities, entering into partnerships with established players, and establishing production facilities to enter the markets of emerging economies. For instance, IMI Sensors launched the markets smallest model with high-frequency response and resistance to extreme temperatures in harsh environments. As most major companies have a full-fledged R&D infrastructure in their premises, focus on product innovation forms an integral of growth strategies. The effective distribution of products through a robust network of partners in multiple countries also enables the major companies to strengthen their positions in the global market.

Key Insights Covered: Global Shock Sensor Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Shock Sensor industry.
2. Global major manufacturers" operating situation (sales, revenue, growth rate and gross margin) of Shock Sensor industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Shock Sensor industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Shock Sensor industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Shock Sensor industry.

Research Methodology: Global Shock Sensor Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other