IoT LVDT Sensors Market Key Highlights:
- Market Size (2024): USD 878 Million
- Projected Market Size (2034): USD 1,571 Million
- CAGR (2023-2034): 6%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
IoT LVDT Sensors Market
The IoT LVDT sensors market is an important sector of the electronics industry. This industry deals in developing and distribution of internet-enabled LVDT sensors across the world. These sensors are used for converting linear motion into electrical signal. There are various types of LVDT sensors available in the market including DC operated LVDT sensors, AC operated LVDT sensors and some others. The growing demand for industrial automation has positively impacted the market growth. This market is likely to rise significantly with the growth of the IT industry around the globe.
The application of IoT LVDT sensors has increased rapidly in the automotive and transportation industry. In automotive and transportation sector, these sensors are used in the manufacturing of several automotive components such as throttle position, suspension travel, brake pedal position, engine valves, gearboxes, and some others. Also, the demand for these sensors has grown in the aerospace and defense sectors. In the aerospace and defense industry, IoT LVDT sensors are used in landing gear, thrust reversers, engine thrust levers, flaps, flight computers, and some others. Moreover, the usage of these sensors has increased in the oil & gas industry. In the oil and gas sector, IoT LVDT sensors are used for valve positioning, drilling equipment, pipeline inspection, gas turbines, subsea equipment, and some others. Thus, the growing application of these sensors in the above-mentioned sectors is expected to drive the growth of the IoT LVDT sensors market.
The developments associated with advanced DC LVDTs along with growing investment in developing energy-efficient sensors is expected to create ample growth opportunities for the market players in the future. In December 2023, Mahr launched P 2002 probe. P 2002 probe is an IoT LVDT sensor developed for several industries such as aerospace, medical device, automotive, and semiconductor manufacturing.
IoT LVDT Sensors Market Segmentation:
By Type
- DC LVDT Sensor
- AC LVDT Sensor
By Application
- Consumer Electronics
- Automotive Industry
- Aviation Industry
- Conveyor Systems
- Others
IoT LVDT Sensors Market Companies:
- TE Connectivity
- Honeywell
- Sensata Technologies (Kavlico)
- AMETEK
- Curtiss-Wright
- Micro-Epsilon
- Meggitt (Sensorex)
- Hoffmann + Krippner (Inelta)
- G.W. Lisk Company
- OMEGA (Spectris)
- Sensonics
- Monitran
- WayCon Positionsmesstechnik
- Active Sensors
- LORD Corporation.
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