Market Overview:
The global precision rotary potentiometers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision rotary potentiometers in various applications such as energy management, chemical industry, medical engineering and others. Additionally, the growing demand for miniaturized and high-precision devices is also contributing to the growth of this market. However, factors such as volatility in prices of raw materials and stringent regulatory norms are restraining the growth of this market. On the basis of type, manual type segment is expected to hold a major share in global precision rotary potentiometers market during forecast period owing to its low cost and easy installation process as compared with digital type segment.
Product Definition:
A precision rotary potentiometer is a device that allows for the precise control of voltage or current. They are often used in devices where accurate and stable readings are required, such as laboratory instruments or test equipment.
Manual Type:
Manual type is also known as non-automated or manual potentiometer. It's a mechanical device used to adjust the intensity of an electric current and is widely used in volume controls, radio tuning, television receiving and other electronic devices. The market for precision rotary potentiometers has witnessed significant growth over the past few years owing to its increasing usage in consumer electronics such as mobile phones & tablets PCs & laptops home theatre systems etc.
Digital Type:
Precision rotary potentiometers are electronic devices used to measure or control electric potential. They are widely used in applications such as automotive, consumer electronics, medical equipment and industrial process control system. The precision rotary potentiometer is a digital type of variable resistors which can be programmed by microcomputer to any desired value between 0 and 1023 inclusive.
Application Insights:
The others segment includes aerospace and defense, automotive and transportation, electronics and semiconductor, food processing industry. The application segment is further divided into energy management; chemical; medical engineering; other mechanical engineering applications including oil & gas production plants automation; pulp & paper production plants automation etc. Other applications include aerospace & defense, automotive & transportation, electronics&semiconductors food processing industry etc. Precision rotary potentiometers are used in various industries for critical applications such as safety switches in aircraft engines or automobile airbags deployment control among others which require extreme precision of the instrumentation to avoid any accidental triggering of the device during manufacturing or assembly process.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for high precision rotary potentiometers in industrial applications such as energy management, medical engineering, and others. The region accounted for a share of more than 35% in 2017 owing to large-scale adoption of these devices across various end-use industries.
The growing manufacturing sector and rapid urbanization are also contributing toward product demand across Asia Pacific countries such as China, India, Japan, South Korea, Taiwan among others. In addition rising investments by governments in infrastructural development activities are augmenting industrial growth which is further driving product sales across the region thereby boosting overall revenue generation capacity of manufacturers over the forecast period.
Growth Factors:
- Increasing demand from the automotive industry for precision rotary potentiometers for various applications such as cruise control, power steering, and brake systems.
- Growing demand from the medical equipment industry for precision rotary potentiometers in applications such as infusion pumps and dialysis machines.
- Rising popularity of position sensors based on rotary potentiometers in industrial automation applications.
- Increasing use of precision rotary potentiometers in consumer electronics products such as smartphones and tablets.
- Proliferation of low-cost MEMS-based rotation sensors that are replacing traditional mechanical rotation sensors in many applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Rotary Potentiometers Market Research Report
By Type
Manual Type, Digital Type
By Application
Energy Management, Chemical Industry, Medical Engineering, Others
By Companies
Vishay, Honeywell, TT Electronics, ETI Systems, Bourns, BEI Sensors, NTE Electronics, Haffmann+Krippner, BI Technologies, Precision Electronics, Vishay
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Precision Rotary Potentiometers Market Report Segments:
The global Precision Rotary Potentiometers market is segmented on the basis of:
Types
Manual Type, Digital Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy Management, Chemical Industry, Medical Engineering, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vishay
- Honeywell
- TT Electronics
- ETI Systems
- Bourns
- BEI Sensors
- NTE Electronics
- Haffmann+Krippner
- BI Technologies
- Precision Electronics
- Vishay
Highlights of The Precision Rotary Potentiometers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual Type
- Digital Type
- By Application:
- Energy Management
- Chemical Industry
- Medical Engineering
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision Rotary Potentiometers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision rotary potentiometers are used to measure small voltages and currents. They have a very high resolution, making them ideal for use in precision instruments and systems.
Some of the major players in the precision rotary potentiometers market are Vishay, Honeywell, TT Electronics, ETI Systems, Bourns, BEI Sensors, NTE Electronics, Haffmann+Krippner, BI Technologies, Precision Electronics, Vishay.
The precision rotary potentiometers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precision Rotary Potentiometers Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Precision Rotary Potentiometers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Precision Rotary Potentiometers Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Precision Rotary Potentiometers Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Precision Rotary Potentiometers Market Size & Forecast, 2020-2028 4.5.1 Precision Rotary Potentiometers Market Size and Y-o-Y Growth 4.5.2 Precision Rotary Potentiometers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Manual Type
5.2.2 Digital Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Energy Management
6.2.2 Chemical Industry
6.2.3 Medical Engineering
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Rotary Potentiometers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Precision Rotary Potentiometers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Manual Type
9.6.2 Digital Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Energy Management
9.10.2 Chemical Industry
9.10.3 Medical Engineering
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Manual Type
10.6.2 Digital Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Energy Management
10.10.2 Chemical Industry
10.10.3 Medical Engineering
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Manual Type
11.6.2 Digital Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Energy Management
11.10.2 Chemical Industry
11.10.3 Medical Engineering
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Manual Type
12.6.2 Digital Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Energy Management
12.10.2 Chemical Industry
12.10.3 Medical Engineering
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Manual Type
13.6.2 Digital Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Energy Management
13.10.2 Chemical Industry
13.10.3 Medical Engineering
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Precision Rotary Potentiometers Market: Competitive Dashboard
14.2 Global Precision Rotary Potentiometers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vishay
14.3.2 Honeywell
14.3.3 TT Electronics
14.3.4 ETI Systems
14.3.5 Bourns
14.3.6 BEI Sensors
14.3.7 NTE Electronics
14.3.8 Haffmann+Krippner
14.3.9 BI Technologies
14.3.10 Precision Electronics
14.3.11 Vishay