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India LVDT and RVDT Market Size Expected to Reach $2.8 Billion by 2026

July 22, 2021 GMT

Rapid Technological Advancement and Expansion of Manufacturing Facilities Is Accelerating India LVDT and RVDT Market.

India LVDT and RVDT Market is expected to reach $2.8 billion by 2026 at a CAGR of 9.4% during the forecast period 2021-2026. Linear Variable Differential Transformer (LVDT) is a most common type of electromechanical transducer used to convert mechanical motion or vibrations, specifically rectilinear motion into a variable electrical current, voltage or electric signals, and the reverse. Rotary Variable Differential Transformer (RVDT) is an electromechanical transducer consists of laminated stator and provides a variable alternating current (AC) output voltage that is linearly proportional to the angular displacement of its input shaft. Due to strong industrial growth, rapid technological advancement and expansion of manufacturing facilities in this region is accelerating the India LVDT and RVDT Market Size in the forecast period 2021-2026.

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India LVDT and RVDT Market Segment Analysis - By Category

AC-Operated LVDT and RVDTs are growing at a highest CAGR of 12.5% in the forecast period. AC-operated LVDT can be constructed from a wide range of different materials to achieve maximum performance. These AC Operated LVDTs are ideal to be used as positioning system for downhole drilling in oil and gas applications where sensors are exposed to extreme pressure and temperature. In addition due to the absence of the internal electronics in AC LVDTs, the core assembly can be designed as vented housing or hermetically sealed and the materials can be freely selected to accommodate for higher pressure, corrosive environment or even underwater area. Similarly, AC operated Rotary Variable Differential Transformers have a solid reputation for robustness and reliability in harsh conditions, and equipment manufacturers in the aerospace, defence, oil & gas sectors typically consider AC operated RVDTs as the default choice for high reliability or safety-related applications such as missile seekers, precision avionics and high precision servo controls. Hence these advantages are analysed to drive the market in the forecast period 2021-2026.

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India LVDT and RVDT Market Segment Analysis - By Industry Vertical

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LVDT and RVDT in Automotive industry is growing at a CAGR of 11.5% in the forecast period, owing to the growing applications such as automotive suspension and so on in this industry. Moreover, the rapid development of safety and security systems in automotive vehicles LVDTs and RVDTs are finding significant growth, in addition to the developments in driving assistance systems, as well as electric vehicles, stimulate the demand for these transformers. In 2019, Hyundai announced plans to spend more than $35 billion for the production of autonomous and electric cars in major countries including India. Similarly, several other companies such as Ford, Toyota and so on are planning to invest heavily for the production of these cars. Hence these developments are analyzed to drive the market in the forecast period 2021-2026.

India LVDT and RVDT Market Drivers

Rising demand for LVDT and RVDT in Aerospace sector

Applications of LVDTs and RVDTs in aerospace has become a major driver for the growth of the market. LVDTs in aerospace are used in engines, flight controls, nose wheel steering and pilot control for continuous monitoring. Similarly RVDTs are used for angular and rotary measurements in aviation applications. In primary or secondary flight control - flap, slat and spoiler position feedback can be taken by LVDTs to detect mechanism positions within flight control actuation systems. In addition investments, expansions related to aerospace sector also accelerate the market. In 2019, Indian government has committed to spend more than $1.83 billion for development of airport infrastructure along with manufacturing of aircrafts by 2026. Hence these applications and investments are analyzed to drive the market in the forecast period 2021-2026.

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Linear variable differential transformers and Rotary Variable Differential Transformer excel in industrial automation processes. LVDTs Support Position Measurement in IoT Industrial Applications. Similarly, Rotary Variable Differential Transformer shows that increased automation and the growing number of industrial automation are the factors driving the RVDT. In addition, the requirement of LVDTs and RVDTs increase due to the demand for compact test equipment, machine tools, and increased robotic applications. So therefore rising penetration of Industrial Automation is analysed to drive the market in the forecast period 2021-2026.

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India LVDT and RVDT Market Landscape

India LVDT and RVDT top 10 companies include Soway Tech Limited, Micro-Epsilon, Singer Instruments & Control, Stellar Technology, Honeywell Microeletronics & Precision Sensors, TE Connectivity Measurement Specialties, Zettlex UK Ltd., Moog Incorporation, Kearfott Corporation, Metrolog, and Moog Incorporation among others.

Key Takeaways

LVDT and RVDT in Automotive industry is growing at a CAGR of 11.5% in the forecast period, owing to the growing applications such as automotive suspension and so on in Automotive industry.

AC-Operated LVDT and RVDTs are growing at a highest CAGR of 12.5% in the forecast period LVDTs are used as positioning system for downhole drilling in oil and gas and RVDTs for high reliability or safety-related applications such as missile seekers, precision avionics and high precision servo controls.

Applications of LVDTs and RVDTs in aerospace has become a major driver for the growth of the market. LVDTs in aerospace are used in engines, flight controls, nose wheel steering and pilot control for continuous monitoring and RVDTs are used for angular and rotary measurements in aviation applications.

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Source URL: https://marketersmedia.com/india-lvdt-and-rvdt-market-size-expected-to-reach-28-billion-by-2026/89037624

Source: MarketersMedia

Release ID: 89037624