Christy Publications Vibration Sensor Market | Page 2

displacement and proximity. The amplitude and frequency range of the object has to be estimated, as miscalculation can damage the vibration sensor. Therefore, ambient temperature and humidity as well as temperature of the object has to be considered, while installing a vibration sensor. Moreover, the environment it is installed in should also be free from dust, oil, and water. Global Vibration Sensor Market: Drivers Wide range of frequency, self-generating ability, and long service life of vibration sensors are some of the major factors driving growth of the vibration sensor market. Vibration sensors are used wireless sensors. Therefore, increasing demand for wireless sensors is expected to lead to growth of the vibration sensors market. For instance, in 2016 nuclear plants supplied 2477 TWh of electricity, up from 2441 TWh in 2015, globally. Increasing use of wireless sensors in nuclear power plant is expected to aid in growth of the global vibration sensor market. Vibrations sensors are increasingly been used in manufacturing sector, owing to its high efficiency. Vibration sensors are used to identify the changes in vibration levels, which can determine if the machinery is functioning correctly. Furthermore, development in laser interferometry such as position sensing device mainly used for position measurement and can measure a position of a light spot in one or two dimensions on a sensor surface is another factor expected to drive growth of the global vibration sensor market. Global Vibration Sensor Market: Regional Insights On the basis of region, the global vibration sensor market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global vibration sensor market and is expected to retain its dominance over the forecast period, owing to increasing usage of vibration sensors in the airline industry. According to the International Air Transport Association (IATA), demand for airlines in North America increased by 2.6% from 2014 to 2016. Airlines in this region is expected to exhibit the strongest financial performance with net profit of US$ 16.4 billion in 2018. Furthermore, Asia Pacific is expected to exhibit the highest growth in the global market. This is owing to increasing demand for vibration sensors in growing aviation industry in emerging economies in the region such as India and China. For instance, according to the International Air Transport Association (IATA), Asia Pacific will exhibit highest demand for airlines from 2015- 2035, as more than half of the passenger traffic is expected to come from Asia Pacific region. By