Linear Variable Displacement Transducers Market Size, Share, Growth, and Industry Analysis, By Type (AC LVDT and DC LVDT), By Application (Military/Aerospace, Power Generation, Petrochemical, Automotive Industry and Others), Regional Forecast to 2032

Updated On: 15 April 2024

Linear Variable Displacement Transducers Market REPORT OVERVIEW

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The global Linear Variable Displacement Transducers market size was USD 873.6 million in 2023 and market is projected to touch USD 1449.33 million by 2032, exhibiting a CAGR of 5.8% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Linear Variable Displacement Transducers (LVDTs) are electromechanical sensors that monitor linear displacement or position. It is a popular and very accurate device that translates mechanical motion into an electrical signal, making it appropriate for a wide range of applications requiring precise linear position measurements. The primary coil is the core coil, and it is commonly powered by an alternating current (AC) signal. It is wrapped around a nonmagnetic cylindrical core. The secondary coil is made up of two similarly coiled coils that are twisted around the same cylindrical core as the primary coil. The secondary coils are connected in series but in different directions, so when the core moves, the voltages induced in the secondary coils change.

The core is usually comprised of a magnetic substance and can move freely within the primary and secondary coils. The external force or displacement being measured determines the position of the core. When the core is at its null or center position, an equal magnetic flux is linked with both secondary coils, resulting in a zero-output voltage. As the core moves linearly, a changing voltage is induced in the secondary coils, resulting in a differential output signal proportionate to the core's displacement from the null point. Position feedback in control systems, automation, robotics, material testing, geotechnical monitoring, and quality assurance processes are all popular uses for LVDTs. LVDTs are preferred for their dependability and precision.

COVID-19 Impact: Supply Chain Disruptions to Hinder Market Growth

The epidemic has disrupted worldwide supply chains, disrupting the production and distribution of a variety of electrical components, including LVDTs. International trade and transportation restrictions have caused delays in the delivery of raw materials and final products, potentially affecting the availability and pricing of LVDTs. The COVID-19 pandemic has produced demand adjustments in a variety of businesses. While some industries, such as healthcare and medical equipment, witnessed growing need for LVDTs for diverse applications, others, such as aerospace and automotive, suffered a slowdown, resulting in variable degrees of LVDT demand. The epidemic has had substantial economic consequences, resulting in reduced investments in particular sectors and project delays. In the short term, this could have harmed capital spending on industrial equipment, particularly LVDTs.

LATEST TRENDS

"Increased Demand to Enhance Market Growth"

LVDT manufacturers have been trying to incorporate their sensors into smart and connected systems in response to the growing adoption of Industry 4.0 principles and the Industrial Internet of Things (IIoT). The capacity to collect real-time data, remotely monitor, and do predictive maintenance improves the value proposition of LVDTs in a variety of industries. Compact and micro LVDTs are increasingly in demand to fit into smaller and more space-constrained applications. Manufacturers of LVDTs are concentrating on improving form factor while retaining excellent accuracy and performance. There is a growing demand for LVDTs that can endure high temperatures and demanding working conditions. Aerospace, automotive, and oil and gas industries have driven the demand for tough and dependable LVDTs for use in harsh environments.

Linear Variable Displacement Transducers Market SEGMENTATION

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• By Type

Based on type market is classified as AC LVDT and DC LVDT.

• By Application

Based on application market is classified as military/aerospace, power generation, petrochemical, automotive industry and others.

DRIVING FACTORS

"Industry 4.0 and IIoT Integration to Augment Market Growth"

LVDT manufacturers have been trying to incorporate their sensors into smart and connected systems in response to the growing adoption of Industry 4.0 principles and the Industrial Internet of Things (IIoT). The capacity to collect real-time data, remotely monitor, and do predictive maintenance improves the value proposition of LVDTs in a variety of industries. Compact and micro LVDTs are increasingly in demand to fit into smaller and more space-constrained applications. Manufacturers of LVDTs are concentrating on improving form factor while retaining excellent accuracy and performance. There is a growing demand for LVDTs that can endure high temperatures and demanding working conditions. Aerospace, automotive, and oil and gas industries have driven the demand for tough and dependable LVDTs for use in harsh environments.

"Wireless and Battery-Powered LVDTs to Propel Market Growth"

As demand develops for wireless and battery-powered systems, LVDT manufacturers are creating solutions that eliminate the need for wiring and allow more flexible installation options. LVDTs are increasingly being used in non-destructive testing systems, where precise displacement measurements are required to assess structural integrity and detect faults. LVDTs have demonstrated promise in a variety of healthcare and biomedical applications, including medical devices, prostheses, and rehabilitation systems. As these applications gain pace, LVDT manufacturers are investigating specialised solutions to satisfy the specific needs of the healthcare industry.

RESTRAINING FACTORS

"Competition from Alternative Technologies to Impede Market Expansion"

When compared to other types of position sensors, linear variable displacement transducers can be rather pricey. LVDTs' higher cost may limit their use in price-sensitive applications or sectors with tight budgets. While LVDTs provide great accuracy and dependability, there are other linear position sensing technologies available, such as potentiometers, magneto strictive sensors, and capacitive sensors. These alternatives may be preferred due to their reduced cost or special advantages, depending on the specific application needs. LVDTs are ideally suited for measuring linear displacements across a narrow range. Alternative sensors, such as magneto strictive sensors for long-range applications or LVDTs with different designs for very short displacements, may be more appropriate for exceptionally long or short displacement ranges.

Linear Variable Displacement Transducers Market REGIONAL INSIGHTS

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"North America to Dominate the Market Due to Significant Contributors"

North America is the leader for linear variable displacement transducers market share. These regions have been at the forefront of technical breakthroughs, industrial automation, and the use of precision measuring technologies, making them key LVDT market contributors. However, it's important to remember that market dynamics can shift over time, and the top region may shift depending on the newest trends and developments. I recommend studying current industry reports and market evaluations for the most up-to-date information on the main region of the LVDT market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• TE Commectivity (Switzerland)
• Honeywell (U.S.)
• Sensata Technologies (Kavlico) (U.S.)
• AMETEK (U.S.)
• Curtiss-Wright (U.S.)
• Micro-Epsilon (Germany)
• Meggitt (Sensorex) (U.S.)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.