Market Overview:
Sensor bearings are used to detect various physical parameters such as speed, temperature, vibration, and displacement. These bearings are majorly used in automotive, aerospace & defense, oil & gas, metal & mining and other industries. The global sensor bearing market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The global sensor bearing market is segmented on the basis of type into speed sensor bearing, temperature sensor bearing, vibration sensor bearing and displacement sensor Bearing. Speed Sensor Bearing held the largest share in 2017 owing to its wide usage in automotive applications for detecting vehicle speed. Temperature Sensor Bearing is expected to grow at highest CAGR during the forecast period due to increasing demand for thermal management systems in various industries such as automotive and aerospace & defense. Vibration Sensor Bearing is also anticipated to witness high growth rate during the forecast period owing to its growing demand from industrial applications such as metal & mining and oil & gas sector where vibrations need to be monitored for safety purposes or machine health monitoring purposes respectively .
Product Definition:
A sensor bearing is a device that supports a rotating shaft and detects its angular velocity. The purpose of a sensor bearing is to provide an accurate measure of the shaft's rotational speed.
Speed Sensor Bearing:
The speed sensor bearing is a type of rolling element, which is used in the production of various machinery and equipment. It helps to measure the rotational speed or orbital motion. The product finds its application in several industries such as automotive, construction equipment, material handling equipment among others.
The global market for sensors bearing has witnessed significant growth over the past few years on account of growing demand from different industry verticals including automotive & transportation and consumer electronics among others.
Temperature Sensor Bearing:
The temperature sensor bearing is used in automotive and industrial applications to measure the temperature of different parts. It is also used in other equipment such as medical equipment, process control systems, and robotics. The increasing demand for automation across various industries has led to a rise in the adoption of these bearings which are highly reliable and durable.
Application Insights:
The automotive segment accounted for the largest share in 2015 and is projected to continue its dominance over the forecast period. The growing demand for electric vehicles owing to stringent environmental regulations adopted by governments across the world is expected to drive this application segment.
Automotive applications include engine, transmission, powertrain, and body electronics among others. Engine sensors are used for monitoring temperature, pressure, flow among others. Transmission sensors are used in automatic transmissions while engine sensors are used in manual transmissions as well as conventional automated transmissions (MAT). Body electronics includes electronic stability control (ESC), anti-lock brake system (ABS), and Electronic Control Unit (ECU) which houses various hardware components such as accelerometers and gyroscopes that aid with safety functions such as traction control of a vehicle¢â‚¬â„¢s brakes or steering wheel position detection of a car or truck respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from automotive, industrial machinery, construction equipment, and aerospace applications. Moreover, rising disposable income coupled with rapid urbanization in developing countries such as India and China are anticipated to fuel the product demand further.
The Asia Pacific regional market is also characterized by high foreign investments in various sectors such as manufacturing & automation, energy & power generation equipment among others. For instance; In January 2016; Siemens invested USD X million for setting up a vibration sensor production plant in Vietnam with an annual capacity of 100 thousand units. Similarly; Avantor Performance Materials Inc., a U.S.-based firm has entered into a joint venture partnership with Sinosecu (Hangzhou) bearings Co., Ltd.
Growth Factors:
- Increasing demand from the automotive industry for sensor bearings is expected to drive the growth of the sensor bearing market during the forecast period.
- The increasing use of sensors in various industrial applications is another key factor that is expected to fuel the growth of this market in the near future.
- The growing demand for electric vehicles is also anticipated to boost the demand for sensor bearings in the coming years.
- Rising investments by leading players in research and development activities are likely to propel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sensor Bearing Market Research Report
By Type
Speed Sensor Bearing, Temperature Sensor Bearing, Vibration Sensor Bearing, Displacement Sensor Bearing
By Application
Automotive, Aerospace & Defense, Oil & Gas, Metal & Mining, Others
By Companies
Jtekt, SKF, NTN Corporation, The Timken Company, Schaeffler, NSK, Thomson Industries, Mageba SA, Brtec, Fersa Bearings, Nachi Europe, Wafangdian Bearing, Harbin Bearing Manufacturing
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Sensor Bearing Market Report Segments:
The global Sensor Bearing market is segmented on the basis of:
Types
Speed Sensor Bearing, Temperature Sensor Bearing, Vibration Sensor Bearing, Displacement Sensor Bearing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace & Defense, Oil & Gas, Metal & Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jtekt
- SKF
- NTN Corporation
- The Timken Company
- Schaeffler
- NSK
- Thomson Industries
- Mageba SA
- Brtec
- Fersa Bearings
- Nachi Europe
- Wafangdian Bearing
- Harbin Bearing Manufacturing
Highlights of The Sensor Bearing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Speed Sensor Bearing
- Temperature Sensor Bearing
- Vibration Sensor Bearing
- Displacement Sensor Bearing
- By Application:
- Automotive
- Aerospace & Defense
- Oil & Gas
- Metal & Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sensor Bearing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A sensor bearing is a type of bearing that is used in sensors and actuators. It allows the sensor to move freely while maintaining accuracy.
Some of the major players in the sensor bearing market are Jtekt, SKF, NTN Corporation, The Timken Company, Schaeffler, NSK, Thomson Industries, Mageba SA, Brtec, Fersa Bearings, Nachi Europe, Wafangdian Bearing, Harbin Bearing Manufacturing.
The sensor bearing market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sensor Bearing Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sensor Bearing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sensor Bearing Market - Supply Chain
4.5. Global Sensor Bearing Market Forecast
4.5.1. Sensor Bearing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sensor Bearing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sensor Bearing Market Absolute $ Opportunity
5. Global Sensor Bearing Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sensor Bearing Market Size and Volume Forecast by Type
5.3.1. Speed Sensor Bearing
5.3.2. Temperature Sensor Bearing
5.3.3. Vibration Sensor Bearing
5.3.4. Displacement Sensor Bearing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sensor Bearing Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sensor Bearing Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace & Defense
6.3.3. Oil & Gas
6.3.4. Metal & Mining
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sensor Bearing Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sensor Bearing Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sensor Bearing Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sensor Bearing Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sensor Bearing Demand Share Forecast, 2019-2029
9. North America Sensor Bearing Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sensor Bearing Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sensor Bearing Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace & Defense
9.4.3. Oil & Gas
9.4.4. Metal & Mining
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sensor Bearing Market Size and Volume Forecast by Type
9.7.1. Speed Sensor Bearing
9.7.2. Temperature Sensor Bearing
9.7.3. Vibration Sensor Bearing
9.7.4. Displacement Sensor Bearing
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sensor Bearing Demand Share Forecast, 2019-2029
10. Latin America Sensor Bearing Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sensor Bearing Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sensor Bearing Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace & Defense
10.4.3. Oil & Gas
10.4.4. Metal & Mining
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sensor Bearing Market Size and Volume Forecast by Type
10.7.1. Speed Sensor Bearing
10.7.2. Temperature Sensor Bearing
10.7.3. Vibration Sensor Bearing
10.7.4. Displacement Sensor Bearing
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sensor Bearing Demand Share Forecast, 2019-2029
11. Europe Sensor Bearing Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sensor Bearing Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sensor Bearing Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace & Defense
11.4.3. Oil & Gas
11.4.4. Metal & Mining
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sensor Bearing Market Size and Volume Forecast by Type
11.7.1. Speed Sensor Bearing
11.7.2. Temperature Sensor Bearing
11.7.3. Vibration Sensor Bearing
11.7.4. Displacement Sensor Bearing
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sensor Bearing Demand Share, 2019-2029
12. Asia Pacific Sensor Bearing Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sensor Bearing Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sensor Bearing Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace & Defense
12.4.3. Oil & Gas
12.4.4. Metal & Mining
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sensor Bearing Market Size and Volume Forecast by Type
12.7.1. Speed Sensor Bearing
12.7.2. Temperature Sensor Bearing
12.7.3. Vibration Sensor Bearing
12.7.4. Displacement Sensor Bearing
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sensor Bearing Demand Share, 2019-2029
13. Middle East & Africa Sensor Bearing Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sensor Bearing Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sensor Bearing Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace & Defense
13.4.3. Oil & Gas
13.4.4. Metal & Mining
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sensor Bearing Market Size and Volume Forecast by Type
13.7.1. Speed Sensor Bearing
13.7.2. Temperature Sensor Bearing
13.7.3. Vibration Sensor Bearing
13.7.4. Displacement Sensor Bearing
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sensor Bearing Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Sensor Bearing Market: Market Share Analysis
14.2. Sensor Bearing Distributors and Customers
14.3. Sensor Bearing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Jtekt
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SKF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NTN Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. The Timken Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schaeffler
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NSK
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Thomson Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mageba SA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Brtec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Fersa Bearings
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nachi Europe
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wafangdian Bearing
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Harbin Bearing Manufacturing
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
