Shock Sensor Market Size- KBV Research
The Global Shock Sensors Market size is expected to reach $1.6 billion by 2025, rising at a market growth of 16.6% CAGR during the forecast period. Shock sensors are both compact and inexpensive in size. These advantages lead customers in the consumer electronics segment to use them on a large scale. They are also deployed in cars and homes where an alarm is triggered by any type of forced entry or a slight tap. In addition, they are user-friendly and customers can use a laptop or smartphone to function and monitor the alarm output. These user-friendly characteristics lead to an increase in their demand. The need to protect shipped products from damage created during transit has been increasing. This is one of the key factors anticipated over the forecast period to drive market growth. In addition, shock sensor demand in Asia Pacific, Alaska, and Africa is growing as a result of steady growth in oil and gas exploration operations in these areas. The shock sensors used in the oil and gas industry for multiple apps are rough and can withstand very high temperatures in rough environments. Given the growing use of shock sensors in multiple end-use industries, the market has seen significant development over the previous few years. Over a period of time, sectors like aerospace, automotive and consumer electronics have observed improved use of these appliances. In addition, the growing number of smart city projects, product innovations, and frequent use of shock sensors in goods and manufacturing plants transportation are some of the factors expected to strengthen market growth prospects over the forecast period. Full Report: https://www.kbvresearch.com/shock-sensor-market/
★
★
★
★
★
102 views • 9 slides
