Shock Sensors Market Scope
A shock sensor is detecting the shockwaves that are associated with a window or a door being broken. The shock sensor will be activated when a large shock wave is detected, and it sends an alert to the alarm system to let it know about the situation. Shock sensors Market is expected to grow in the future due to rising oil and gas explorations in the Middle East area and an increase in the number of smart home solutions. The multiple uses of these sensors in the consumer electronics segment are boosting the demand for shock sensors in the forecasted period.
The vendors in this market are majorly focusing on providing innovative solutions in order to remain competitive in the market. Moreover, the outbreak of the COVID-19 pandemic during FY 2020 has created various challenges such as disrupted supply chains across different regions that have been acting as one of the major challenges for the market vendors across different regions. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Shock Sensors market throughout the predicted period.
Dytran Instruments Inc. (United States), TE Connectivity (Switzerland), Metrix Instrument Co., (United States), Emerson Electric Co. (United States), Murata Manufacturing Co., Ltd. (Japan), PCB Piezotronics Inc (United States), Honeywell International, Inc. (United States), Climax Technology Co., Ltd (Taiwan) and Mobitron AB (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Spotsee (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Shock Sensors market by Type (Piezoelectric, Piezoresistive, Capacitors and Strain Gage), by Application (Aerospace, Automobile, Consumer Electronics, Medical Care and Others) and Region with country level break-up.
On the basis of geography, the market of Shock Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In March 2020, Emerson Electric announced that it has completed the acquisition of Verdant, a leader in energy management solutions for the hotel and hospitality industries that will help to broaden Emerson’s growing energy management and optimization capabilities for residential and commercial applications
In March 2019, Climax Technology announced a new shock/vibration & glass break sensor series i.e. SVGS-3 and SVGS-5. The SVGS series is a shock, vibration, and glass break sensor, designed to provide early warning of an attempted intrusion by sensing forced entry before a and burglar actually enters the property.
Market Drivers
- High Demand for Shock Sensors in the Consumer Electronics Segment
- Increasing Usage of Sensors in Goods and Manufacturing Plants Transportation
- Rise in Number of Incidents of Theft
Opportunities
- Growth in the Oil and Gas Explorations in the Middle East Area
- Rapid Growth of the Retail Sector in Developing Countries
- Rise in Number of Smart Home Solution Attributed By Growing Investment by Government
Restraints
- Proper Mounting of a Shock Sensor
Challenges
- Shock Sensor Design Challenges
Key Target Audience
Shock Sensors Manufacturers, Shock Sensors Suppliers/Distributors, Raw Material Suppliers, Potential Investors, Government Firm and Research Organisations