Lvdt Displacement Sensors Market

The global Lvdt Displacement Sensors market was valued at USD 4.2 Billion in 2020 and is projected to reach USD 8.52 Billion by 2028, growing at a CAGR of 7.56% from 2021 to 2028.

LVDT-displacement sensors are electro-mechanical transducers transforming linear displacement of the object (to which they are mechanically connected) into electrical signal. One of the distinctive features of the sensors in question is that they have a wide displacement measurement range (from several dozens of microns up to ±0,5 m) and are suitable for using in severe operating conditions. The first advantage comes from LVDT-displacement sensors operating principle and the other one – from their structure.

The global Lvdt Displacement Sensors market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

LVDT sensors in technical equipment is expected to be enforced in the market for linear displacement sensor. Hence, adoption of LVDT in various industrial fields is substantially high, which is anticipated to fuel the global linear displacement sensor market growth during the coming years. 

Rising demand for Light Miniature Sensors and small size ultrasonic sensors in the robotics and automotive field is anticipated to have a huge impact on the linear displacement sensor market globally during the coming years. 

The increase in prices of automation is expected to hamper the growth of the market in forecast period.

Based on region, the global Lvdt Displacement Sensors market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Lvdt Displacement Sensors market are Althen Sensors, Honeywell International Inc., Keyence Corporation, Micro-Epsilon, Omron Corporation, Panasonic Corporation, Positek Limited, TE Connectivity, TRANS-TEK Inc., Vishay.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

• Global Lvdt Displacement Sensors Market is projected to reach USD 8.52 Billion by 2028
• North America held the highest share of the Lvdt Displacement Sensors market
• LVDT held the largest share of the product segment in the Lvdt Displacement Sensors market
• Aerospace & Defense held the major share of the application segment in the Lvdt Displacement Sensors market