The U.S. dominates the Industrial IoT Solutions Market due to the location of the majority of the key market players and, having been an early adopter of IoT. Germany and the UK are the next in line but still have a long way to go to catch up with the U.S.
The German industrial IoT market is expected to more than double in the five years between 2017 and 2022 to generate a turnover of around 16.8 billion Euros.
Germany and the UK are close in market positioning today. Their strength, similar to the U.S. is in their startup technology space.
“Massive return on investments, and promising growth potential is attracting new players to enter the global vibration sensor market. Also, the rising application of the sensors in manufacturing and automotive industry is further opening the doors of opportunities for the players between 2019 and 2027”
– Transparency Market Research.
One sensor provides you with Horizontal, Vertical, and Axial position readings, and there is no need for cables. Sounds great! But why would you need this? What are the benefits to using wireless triaxial vibration sensors for vibration diagnostics?