Tachometer Market

Executive Summary

Tachometer Market was valued at US $91.69 million in 2021 and is projected to grow at 10.89% CAGR over the forecast period to reach US $170.50 million by 2027. Tachometer Market represented US $17.13 million opportunity over 2019-2021 and estimated to create US $78.81 million opportunity in 2027 over 2021.

Tachometer from Consainsights analyses the Tachometer Market in the Technology & Media industry over the forecast period to 2027.

Tachometer research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Tachometer segmentation includes Data Acquisition Method, End-user Industry and Geography.

Based on the Data Acquisition Method, the Tachometer analysis covers Contact Type, Non-Contact Type.

In Data Acquisition Method segment, Contact Type segment has highest cagr growth of 9.63%.

Based on the End-user Industry, the Tachometer analysis covers Automotive, Aerospace, Industrial, Other End-user Industries.

In End-user Industry segment, Automotive segment has highest cagr growth of 9.63%.

Based on the region, the Tachometer analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Testo SE & Co. KGaA, Emerson Electric Co., Schneider Electric corporation, Honeywell International Inc., Pricol Limited, PCE Deutschland GmbH, PROMAX ELECTRONICA S.L, Monarch Instrument, Ono Sokki India Private Limited., SKF AB, Precision Scientific Instruments Corporation., Dantec Dynamics A/S.( Nova Instruments Company), SRI Electronics, Shanghai Automation Instrumentation Co., Ltd, Lutron Electronic Enterprise Co., Ltd., LOR Manufacturing Company, Inc. and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Data Acquisition Method

Introduction

In 2021, Contact Type segment has the highest revenue of US $40.59 million and is expected to grow at CAGR of 9.63% by 2027 Contact Type segment has highest cagr growth of 9.63%.

Contact Type

Contact Type segment was valued at US $33.01 million in 2019 and is projected to grow at 9.63% CAGR over the forecast period to reach US $75.48 million by 2027. Contact Type segment represented US $7.58 million opportunity over 2019-2021 and estimated to create US $34.89 million opportunity in 2027 over 2021.

Non-Contact Type

Non-Contact Type segment was valued at US $20.51 million in 2019 and is projected to grow at 9.63% CAGR over the forecast period to reach US $46.89 million by 2027. Non-Contact Type segment represented US $4.71 million opportunity over 2019-2021 and estimated to create US $21.67 million opportunity in 2027 over 2021.

End-user Industry

Introduction

In 2021, Automotive segment has the highest revenue of US $46.72 million and is expected to grow at CAGR of 9.63% by 2027 Automotive segment has highest cagr growth of 9.63%.

Automotive

Automotive segment was valued at US $37.99 million in 2019 and is projected to grow at 9.63% CAGR over the forecast period to reach US $86.88 million by 2027. Automotive segment represented US $8.73 million opportunity over 2019-2021 and estimated to create US $40.16 million opportunity in 2027 over 2021.

Aerospace

Aerospace segment was valued at US $26.90 million in 2019 and is projected to grow at 9.63% CAGR over the forecast period to reach US $61.51 million by 2027. Aerospace segment represented US $6.18 million opportunity over 2019-2021 and estimated to create US $28.43 million opportunity in 2027 over 2021.

Industrial

Industrial segment was valued at US $9.24 million in 2019 and is projected to grow at 9.63% CAGR over the forecast period to reach US $21.14 million by 2027. Industrial segment represented US $2.12 million opportunity over 2019-2021 and estimated to create US $9.77 million opportunity in 2027 over 2021.

Other End-user Industries

Other End-user Industries segment was valued at US $0.42 million in 2019 and is projected to grow at 9.63% CAGR over the forecast period to reach US $0.97 million by 2027. Other End-user Industries segment represented US $0.10 million opportunity over 2019-2021 and estimated to create US $0.45 million opportunity in 2027 over 2021.