Technology

Vibration Monitoring Market worth $2.69 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

4 months ago

September 6, 2024

DELRAY BEACH, Fla., Sept. 6, 2024 /PRNewswire/ — The global vibration monitoring market size is expected to grow from USD 1.85 billion in 2024 to USD 2.69 billion by 2029, at a CAGR of 7.8% during the forecast period according to a new report by MarketsandMarkets™. The key difference between predictive maintenance and vibration monitoring is that vibration monitoring focuses on monitoring the real-time conditions of machines, while predictive maintenance focuses on the detection of faults before their occurrence. Predictive maintenance is gaining rapid popularity in the manufacturing sector globally owing to the benefits offered by it. It is carried out only when machinery deployed in plants requires repairs to avoid impending failures so that the necessary, cost-effective downtime can be scheduled according to convenience.

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Browse in-depth TOC on “Vibration Monitoring Market”

150 – Tables
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250 – Pages

Vibration Monitoring Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 1.85 billion

Estimated Value by 2029

$ 2.69 billion

Growth Rate

Poised to grow at a CAGR of 7.8%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Monitoring Process, Deployment Type, Application and Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Shortage of experts ready to work at remote locations

Key Market Opportunities

Rising interest in big data analytics and machine learning

Key Market Drivers

Deployment of automation systems across various industries

The market for software segment is expected to gain a significant market share during the forecast period.

Vibration monitoring software also helps the companies to calculate equipment reliability parameters such as rotating speed, vibration frequency, bearing faults, and misalignment. As part of the parameter calculation function, the software systems process the data accumulated by sensors and compare the calculated value with the benchmark value set for the optimum operation of a machine. The software raises a warning for a possible breakdown in case of any difference in the calculated data. This function helps plant operators schedule the maintenance activities to take care of the fault in advance.

Portable vibration monitoring segment is expected to hold significant market share during the forecast period.

Portable vibration monitoring results in cost-savings and long equipment life as it offers flexibility by carrying out route-based vibration monitoring processes. Portable monitoring systems enable monitoring of aging machines through handheld devices. These systems eliminate the requirement of replacing or retrofitting old machinery for manufacturers. Monitoring experts use the data to detect faults by applying various analytics processes such as spectrum comparison, trend analysis, and 3D graph plotting.

The aerospace segment is to grow at an impressive CAGR during the forecast period.

The aerospace industry is one of the significant adopters of vibration monitoring systems and solutions. One of the key challenges for this industry is that any downtime can have a significant impact on the operations of the industry. This leads to increased deployment of vibration monitoring systems and solutions in the aerospace industry for real-time monitoring of assets. Aerospace is a rapidly growing industry, and there is a constant requirement to enhance the reliability of machines to avoid production losses occurring due to machinery breakdowns. In aircraft manufacturing, more than one monitoring technology is used to monitor the condition of critical machines, resulting in the generation of large volumes of data.

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Asia Pacific is expected to grow at highest CAGR during the forecast period.

The vibration monitoring industry in Asia Pacific has been studied for China, Japan, India, South Korea, Singapore, Malaysia, and the Rest of Asia Pacific. The region is emerging to be the world’s most powerful economy owing to the increased spending on improving economic stability. Asia Pacific is witnessing a surge in the deployment of vibration monitoring systems and solutions. China, one of the top manufacturing countries in the world, has been adopting real-time vibration monitoring systems and solutions to increase the operational efficiency and production of its manufacturing plants. The increasing maintenance costs of the manufacturing industry have led companies operating in this industry to adopt advanced technologies, such as predictive maintenance, to optimize maintenance processes and improve operating costs. Vibration monitoring is expected to help manufacturers optimize their operating costs by predicting the failure of critical assets to achieve high efficiency.

Key Players

The key players in the vibration monitoring industry include Baker Hughes Company (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), Parker Hannifin Corp (US) and others.

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Technology

For Fourth Year, Everspring Recognized Among Chicago’s Best Places to Work

Published

59 minutes ago

January 8, 2025

Award Recognition Reflects Company’s Continued Momentum, Growth and Innovation in Higher Ed Technology

CHICAGO, Jan. 8, 2025 /PRNewswire/ — Everspring, a rapidly growing force in education technology, today announced its recognition on Built In’s 2025 Best Places to Work Awards, earning a coveted spot on Chicago’s 100 Best Midsize Companies list. This achievement comes at a pivotal moment for Everspring, following the successful launch of its VIA enrollment marketing platform and continued strategic partnerships that enable universities to adapt and thrive in a dynamic higher ed landscape.

“This recognition reflects the extraordinary momentum we’re experiencing at Everspring,” says Beth Hollenberg, CEO of Everspring. “Our team’s innovative spirit and dedication to transforming higher education have created an environment where top talent thrives. As we continue to expand our technology solutions and deepen our university partnerships, this award validates our commitment to fostering a workplace that attracts and retains the industry’s brightest minds.”

The honor arrives as Everspring expands its comprehensive education services with powerful SaaS technology offerings. The company’s recent launch of VIA, its enrollment marketing intelligence platform, exemplifies how Everspring’s growing suite of solutions addresses critical challenges in higher education, from disconnected data to enrollment optimization.

“Being recognized as a Best Place to Work is a testament to these companies’ commitment to building a workplace where individuals and innovation thrive,” says Built In CEO and Founder, Maria Christopoulos Katris. “At Built In, we understand that great companies are powered by great teams, and this achievement showcases their dedication to fostering a culture of growth, inclusivity, and excellence. Congratulations on this well-deserved honor.”

Built In determines the winners of Best Places to Work using company data about compensation and benefits, weighing criteria such as remote and flexible work opportunities, DEI programs, and other people-first cultural offerings that today’s tech professionals value most.

About Built In
Built In is the “always on” recruiting platform that reaches the tech professionals that other leading recruiting platforms don’t. Designed to help companies hire expert tech talent, Built In continuously drives brand awareness with content. Monthly, millions of the industry’s most in-demand global tech professionals visit our site to stay ahead of tech trends and news, learn skills to accelerate their careers, find the right job opportunities and get hired. Thousands of companies, from fast-growing startups to the largest enterprises rely on Built In. www.builtin.com

About Built In’s Best Places to Work
Built In’s annual Best Places to Work program honors companies with the best total rewards packages across the U.S. and in the following tech hubs: Atlanta, Austin, Boston, Chicago, Colorado, Dallas, Houston, Los Angeles, Miami, New York, San Diego, San Francisco, Seattle and Washington DC. Best Places to Work is distinct because its algorithm selects tech companies that build their offerings specifically around what tech professionals value in a workplace. https://employers.builtin.com/best-places-to-work

About Everspring
Everspring is a leading provider of education technology and services solutions for higher education. Our advanced technology, proven marketing approach, and robust faculty support and instructional design services deliver outstanding outcomes for our university partners, powering their success online. Everspring offers a range of full-service turnkey solutions, as well as standalone fee-for-service offerings, and innovative self-service products that enable universities to establish themselves as leaders in the digital delivery of higher education. Based in Chicago, Everspring serves a growing number of colleges and universities nationwide.

Visit www.everspringpartners.com for more information.

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SOURCE Everspring

Technology

HCMF Group Unveils Cutting-Edge Smart Cockpit and Body Mechatronic Systems at CES 2025

Published

59 minutes ago

January 8, 2025

LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — HCMF Group, a global leader in Tier 1 automotive parts and systems, is proud to unveil its groundbreaking advancements in smart cockpit and body mechatronic systems at CES 2025, held from January 7 to January 9. Partnering with industry leaders such as AUO, AGC, Inventec, TMYTEK (TMY Technology Inc.), BenQ Materials, and KINPO GROUP, HCMF is redefining intelligent mobility through transformative innovations and unmatched integration capabilities.

HCMF’s showcase features its integrated vehicle control system, developed with Inventec, which centralizes functionalities onto the front dashboard. This system combines an intuitive user interface, a UWB electronic key, and wireless charging, offering a seamless and futuristic cockpit experience. Also debuting is HCMF’s Micro LED transparent smart window technology, created with AUO and AGC. These high-transparency touch displays are integrated into rear car windows with patented window regulator mechanism, enabling applications such as real-time driving information, AR gaming, personal calendars, and rear-view mirror functions for enhanced convenience and safety.

HCMF’s smart glass solutions, developed with BenQ Materials, deliver privacy and energy efficiency through advanced PDLC 98 black dimming film. These materials block heat and UV rays while providing futuristic aesthetics. Passenger safety takes center stage with the second-generation Child Presence Detection (CPD) system, introduced with TMYTEK. Capable of detecting subtle life signs such as heartbeats and breathing, this system sends real-time alerts to the user’s smartphone, preventing safety risks for children or pets left inside the vehicle.

For rear-seat entertainment, HCMF introduces its foldable 28.6-inch, 32:9 ceiling display featuring JET OPTO’s dual-view single-screen technology. Passengers can view separate content or participate in virtual meetings, redefining in-car leisure and productivity. The company also showcases systems tailored for electric vehicles, such as a front hood automatic opening system and a centralized door control system (DCU) that combines E-latch, radar-based collision avoidance, and automatic opening mechanisms. Additionally, the innovative automatic tailgate system, developed with KINPO GROUP, delivers a user-friendly experience by overcoming traditional design limitations.

Jeffrey Hsi, Chief Innovation Officer of HCMF Group, remarked, “CES 2025 is a pivotal platform for HCMF to showcase its leadership in smart cockpit and body mechatronic systems. We are committed to driving innovation and breakthroughs, advancing automotive technology to deliver safer, more convenient, and enjoyable smart mobility experiences for consumers worldwide.”

HCMF’s participation at CES 2025 underscores its leadership in smart cockpit technologies and collaborative innovation with global partners. From enhancing passenger safety to redefining in-car entertainment and advancing intelligent mobility, HCMF is setting new benchmarks in automotive intelligence and automation. The company remains focused on innovation-driven research and development, delivering future-ready solutions that create value for the global automotive industry and its consumers.

About HCMF Group

HCMF was established in 1961 and as a global automobile Tier 1 system supplier with more than 60 years experience in design and manufacturing. HCMF has around 40 sites globally to provide tailored service to our customers. Our vast knowledge and expertise through years of product experience provide solutions to satisfy our customer needs. We believe strongly in upholding integrity and cooperation to maximize benefits to our customers and partners.

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SOURCE HCMF Group

Technology

DELFI Diagnostics to Participate in J.P. Morgan Healthcare Conference

Published

59 minutes ago

January 8, 2025

Leader in liquid biopsy, cancer screening, and monitoring speaks at largest healthcare investment symposium

BALTIMORE and PALO ALTO, Calif., Jan. 8, 2025 /PRNewswire/ — DELFI Diagnostics, Inc., developer of accessible blood-based, liquid biopsy tests that deliver a new way to enhance early cancer detection, today announced the company will participate in the upcoming 43rd Annual J.P. Morgan Healthcare Conference in San Francisco.

The company’s management is scheduled to present and participate in a Q&A session on Thursday, January 16, 2025, at 7:30 a.m. PT/10:30 a.m. ET. To learn more about DELFI Diagnostics, visit DELFIDiagnostics.com

About DELFI Diagnostics
DELFI Diagnostics is developing next-generation, blood-based tests that are accurate, accessible, and deliver a new way to help detect cancer. DELFI tests are built to solve the highest-burden population health issues, including in historically underserved demographics, and have the potential to save lives on a global scale. FirstLook Lung, for individuals eligible for lung cancer screening, is our first laboratory-developed screening test and requires a simple blood draw that can be incorporated with routine blood work. The test is based on fragmentomics, the discovery that cancer cells are more chaotic than normal cells and, when they die, leave behind tell-tale patterns and characteristics of cell-free DNA (cfDNA) fragments in the blood. The DELFI platform applies advanced machine-learning technology to whole-genome sequencing data to assess individuals’ cfDNA fragments against populations with and without cancer. FirstLook Lung uses these millions of data points to reliably identify individuals who may have cancer detected through low-dose CT, including early-stage disease, with a negative predictive value of 99.8 percent. This test has not been cleared or approved by the FDA.

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SOURCE DELFI Diagnostics