Global Shock Sensor Market Report, Insights and Trends, Positive and Negative Factors, Areas to Focus on, Potential Markets, Key Developments, Segments and Verticals, and Forecast 2020 – 2029
Global Shock Sensor Market: Overview
"The Shock Sensor Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Shock sensors are electronic components used for manufacturing sensors that trigger an alert about thefts, burglary, or any mishap in end-use industries and residential and commercial setups.
The increasing adoption of shock sensors for various applications in end-use industries and the retail sector is expected to significantly drive the market's growth. The end-use industries for shock sensors such as automotive, aerospace, and consumer electronics have been growing rapidly. To make sensor-based components, the adoption of shock sensors in the industries above is expected to increase over the next few years.
In addition, shifting preference toward smart cities, smart power grids, and smart houses leads to an increased usage of shock sensors and is another major factor projected to fuel market growth. Shock sensors are also required to manufacture glass-break sensors, burglar alarms, and in automobiles to trigger alerts or alarms to notify forced entry.
This, coupled with an increasing number of thefts globally, are other major factors supporting the global shock sensor market growth. Moreover, the cost of these products is projected to reduce marginally in the next 10 years due to robust market competition, constant advancements, etc.
Segment Analysis: Global Shock Sensor Market
Insights, by Material:
The Quartz segment is expected to account for a major revenue share in the global market. This is due to abundant natural materials used for shock sensor production. Quartz is a highly preferred raw material for manufacturing shock sensors due to its inertness and ruggedness in terms of reaction to chemicals. These properties are a major factor expected to result in higher revenue growth of the Quartz segment.
The tourmaline segment is projected to contribute substantially high revenue share in the target market as it is among the most preferred raw materials which can be used for producing shock sensors for underwater applications.
The gallium phosphate segment is projected to register a higher growth rate in terms of revenue over the next 10 years. This raw material makes shock sensors that can operate in extreme weather and temperature conditions. It is a synthesized chemical that can function in temperatures of approximately 10,000 Celsius.
Region Analysis: Global Shock Sensor Market
North America market is expected to record largest revenue share in the global shock sensor market due to strong presence of well-developed end-use industries and infrastructure and effective after-sale services offered by manufacturers countries in the region. Europe shock sensor market is estimated to account for substantially high revenue share. The Asia Pacific shock sensor market is projected to register the highest CAGR over the 10-year forecast period, due to steadily growing end-use industries such as automotive, consumer electronics, aerospace, and manufacturing. The Middle East & Africa market is expected to witness moderately high growth rate over the next 10 years due to increasing number of oil & gas explorations and need for shock sensors to avoid any mishaps.
Global Shock Sensor Market Segmentation:
Segmentation by Type:
- Strain Gage
Segmentation by Material:
- Gallium Phosphate
Segmentation by End-use Industry:
- Consumer Electronics
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- TE Connectivity
- Murata Manufacturing Co., Ltd.
- PCB Piezotronics Inc.
- Honeywell International, Inc.
- Dytran Instruments Inc.
- Mobitron AB
- Meggitt SA
- IMI Sensors
- SignalQuest, LLC
- Climax Technology Co., Ltd.
- i1 Biometrics
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