Analytics, Research & Consulting Vibration Sensors Market | Page 2
APAC held the largest market share in the Vibration Sensors
Market
Asia Pacific region holds the largest market share in the Vibration
Sensors Market and is anticipated to reach $1.52 billion by 2023 at a
CAGR of 4.93%. However, Americas witnesses highest growth
during the forecast period and is expected to reach $1.38 billion by
2023 at a CAGR of 6.36%. Asia Pacific is the biggest market for
consumer electronics manufacturing, with China being the global
leader. Along with it, China is also the biggest end user for
smartphones with 500 million people having access. This growth in
smartphone consumption will fuel the demand for vibration
sensors.
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