LVDT Transducers Market Size, Share, Growth, and Industry Analysis by Type (AV Type and DC Type) By Application (Military/Aerospace, Power Generation, Petrochemical, Automotive Industry, and Other), Regional Insights, and Forecast To 2031

Updated On: 08 July 2024

Lvdt Transducers Market Report Overview

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The global LVDT transducers market size was USD 811 million in 2021 and is expected to reach USD 1468.02 million in 2031, exhibiting a CAGR of 6.1% during the forecast period.

Linear Variable Differential Transformer (LVDT) is an inductive transducer that performs the function of converting linear motion into an electric signal. It is the most popularly used inductive transducer at present. LVDT transducers have a very high range of displacement. They can be used for displacements ranging from 1.25 mm to 250 mm. There are no frictional losses in the use of LVDT transducers, making it a very accurate device. LVDT transducers require no amplification due to their high level of output. It also consumes much lesser power than other transducers.

LVDT transducers can also perform the function of a secondary transducer. It also has the advantage of unlimited mechanical life as no parts of the coil structure of LVDTs wear out. This is because there is no contact between LVDT’s core and coil structure. This makes it very advantageous in applications such as aircraft, satellites, and space vehicles.

COVID-19 Impact: Halt of Operations to Impede Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the LVDT transducers market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has disrupted all areas of business and production. The lockdowns which were imposed halted production activities of oil absorbers. The major manufacturers and users of LVDT transducers, North America and the Asia Pacific, suffered enormously due to COVID-19, whether in terms of the number of people infected or the regression of the economy. The supply chain was completely disrupted and exports and imports were harder to manage. This led to reduced usage of LVDT transducers in other parts of the world as well. Industrial activities were halted in many parts of the world so the production levels had considerably reduced in many areas. The automobile industry is one of the hardest hit industries by the COVID-19 pandemic. The use of LVDT transducers in the industry reduced significantly.

Latest Trends

"Use in Electronics Industry to Increase Demand"

The electronics industry is growing very rapidly. There are new technological improvements in such electronics every few weeks. The devices are getting smaller and smaller. People prefer small and handier devices for their daily needs. The electrical components in these devices are becoming more intricate with every advancement. With this, it had become a need to ensure that all the measurements for electrical signals are precise. If the measurements are not precise, the device will not be able to handle the rigorous and complex processes and standards. As the demand for these technologically advanced devices increases, the LVDT transducers market size will also increase.

LVDT Transducers Market Segmentation

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• By Type Analysis

In terms of type, the LVDT transducers market can be divided into AC type and DC type. The AC type segment is anticipated to lead the global share through 2028.

• By Application Analysis

According to application, the LVDT transducers market can be bifurcated into military/aerospace, power generation, petrochemical, automotive industry and others. the military/aerospace segment is projected to capture the maximum market share over 2022-2028.

Driving Factors

"Advancements in Aerospace Industry to Support Growth"

LVDT transducers are devices that convert linear motion into electrical signals. The distance calculated by the device is also very accurate. This makes it useful in the aerospace industry as it can be used to measure various parameters such as the length of the landing gear, pitch, and roll angles. The aerospace manufacturing industry is going through constant improvements. There is a need for contact and non-contact measurement devices to precisely aid in the engine manufacturing process. The growth of the aerospace industry will lead to LVDT transducers market growth.

"Use in Automotive Industry to Boost Demand"

LVDT transducers are widely used in the automotive industry. They are used to measure large displacements such as brake pedal travel and pneumatic actuator displacement. It is a very important component in the process of brake testing. It accurately measures the distance and time, which is then also used to calculate speed. They are also used in GPS sensor systems, which can provide the position and speed of the motor vehicle. LVDT transducers can also be sued to calculate displacement in regard to a reference point and can be integrated with load cells to measure force. LVDT transducers have loads of uses in the automotive industry which are only going to increase and gain importance in the coming years.

Restraining Factors

"Advent of NCDTs to Challenge Growth"

Non-contact displacement sensors (NCDT) are slowly being used more in developing countries. These could be a replacement for the LVDT transducers in many applications. They provide the function of non-contact position sensing. This could be an important function in the automotive industry. As self-driving vehicles gain prominence, the use of NCDTs will increase rapidly. This could hinder the growth of the LVDT transducers market.

LVDT Transducers Market Regional Insights

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North America dominates the LVDT transducers market share. They are used in the automotive industry, aerospace industry, nuclear reactors, and power turbines among many more. All these industries are flourishing in the North American region. New products and technologies are constantly being introduced in the region, which further accentuates the use of LVDT transducers. The range of product offerings is widening which is leading to more competition in the market. The region also has a high level of expertise in the end-user vertical markets, which is going to be essential in the growth of the market in the North American region.

The Asia Pacific region follows the North American region in terms of market share. The Asia Pacific region is developing rapidly in the areas of aerospace and power generation. The growing population in the region is leading to more demand for power and oil. This is one of the major reasons for the growth of the LVDT transducers market in the region

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 Connectivity (Switzerland)
• Honeywell (U.S.)
• Sensata Technologies (U.S.)
• AMETEK (U.S.)
• Curtiss-Wright (U.S.)
• Micro-Epsilon (India)
• Meggitt (U.K.)
• Hoffmann+Krippner (Germany)
• GW Lisk Company (U.S.)
• OMEGA (Spectris)
• Sensonics (U.S.)
• Monitran (U.K.)
• WayCon Positionsmesstechnik (Germany)
• Active Sensors (India)
• LORD Corporation (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.