Market Overview:
The global tachometer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for time measurement tachometers and frequency measurement tachometers in automobiles, airplanes, medical applications, traffic, engineering and laser instruments. Additionally, the growing demand for tachometers from emerging economies such as China and India is also contributing to the growth of this market. However, factors such as high installation cost and lack of awareness about benefits offered by these devices are restraining the growth of this market.
Product Definition:
A tachometer is an instrument that measures the speed of a rotating object.
Time Measurement Tachometer:
Time measurement tachometer is a device used to measure the time taken for an event to occur between two instants, usually in terms of the number of cycles per second. Tachometers are widely used in measuring engine performance and speed in automotive applications. The growth factor for this market is mainly attributed to growing demand from industrial sector which includes power generation, manufacturing & construction industries.
Frequency Measurement Tachometer:
A frequency measurement is a periodic phenomenon that can be defined as the number of cycles per second. Frequency is used to measure various physical parameters such as sound, vibrations, electric current and magnetic field among others. The most common use of frequency measurement is in music where it’s used to count the number of times a particular note or pitch occurs in a given time period.
Application Insights:
Automobiles application segment accounted for the largest share of over 50.0% in 2017. The global market is anticipated to witness significant growth owing to increasing production of passenger cars and light commercial vehicles (LCVs). Increasing sales of passenger vehicles as a result against heavy commercial traffic and rapid urbanization are expected to be the major factors driving the industry growth over the forecast period.
The aviation sector is also anticipated to witness substantial growth owing to rising air travel, which has resulted in increased demand for tachometers that can measure engine speed precisely and quickly across all makes & models of aircraft engines, helicopters, gliders & drones among others. Moreover, these devices help pilots maintain precise control during critical phases such as takeoff and landing by monitoring various parameters such as engine speedometer reading or temperature display that indicates if an engine failure may occur soon.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automobile production, favorable government regulations, and rising investments by various organizations for developing infrastructure. Europe also held a significant share in terms of revenue but is expected to witness sluggish growth over the next eight years owing to stringent safety norms followed by automotive manufacturers while manufacturing vehicles. North America has been witnessing healthy growth since past few years on account of increasing adoption of laser instruments for industrial applications as well as entertainment purposes.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Rising awareness about the benefits of using tachometers
- Technological advancements in tachometer manufacturing process
- Growing popularity of motorsports events
- Increasing number of OEMs and aftermarket suppliers
Scope Of The Report
Report Attributes
Report Details
Report Title
Tachometer Market Research Report
By Type
Time Measurement Tachometer, Frequency Measurement Tachometer
By Application
Automobiles, Airplanes, Medical Applications, Traffic, Engineering, Laser instruments, Others
By Companies
Extech Instruments(US), Omega Engineering(US), Allied Electronics(US), LOR Manufacturing Company,Inc.(US), SRI Electronics(India), Kusam Meco(India), Waco(India), Lutron(US), Samson Automation(India), Design Technology(TW), Aetna Engineering(US), Digital Promoters(India), Faria Beede Shanghai Tachometer(China)
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Tachometer Market Report Segments:
The global Tachometer market is segmented on the basis of:
Types
Time Measurement Tachometer, Frequency Measurement Tachometer
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
Automobiles, Airplanes, Medical Applications, Traffic, Engineering, Laser instruments, 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:
- Extech Instruments(US)
- Omega Engineering(US)
- Allied Electronics(US)
- LOR Manufacturing Company,Inc.(US)
- SRI Electronics(India)
- Kusam Meco(India)
- Waco(India)
- Lutron(US)
- Samson Automation(India)
- Design Technology(TW)
- Aetna Engineering(US)
- Digital Promoters(India)
- Faria Beede Shanghai Tachometer(China)
Highlights of The Tachometer 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:
- Time Measurement Tachometer
- Frequency Measurement Tachometer
- By Application:
- Automobiles
- Airplanes
- Medical Applications
- Traffic
- Engineering
- Laser instruments
- 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 Tachometer 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?
A tachometer is a device that measures the speed of an engine.
Some of the key players operating in the tachometer market are Extech Instruments(US), Omega Engineering(US), Allied Electronics(US), LOR Manufacturing Company,Inc.(US), SRI Electronics(India), Kusam Meco(India), Waco(India), Lutron(US), Samson Automation(India), Design Technology(TW), Aetna Engineering(US), Digital Promoters(India), Faria Beede Shanghai Tachometer(China).
The tachometer market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tachometer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tachometer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tachometer Market - Supply Chain
4.5. Global Tachometer Market Forecast
4.5.1. Tachometer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tachometer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tachometer Market Absolute $ Opportunity
5. Global Tachometer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tachometer Market Size and Volume Forecast by Type
5.3.1. Time Measurement Tachometer
5.3.2. Frequency Measurement Tachometer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tachometer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tachometer Market Size and Volume Forecast by Application
6.3.1. Automobiles
6.3.2. Airplanes
6.3.3. Medical Applications
6.3.4. Traffic
6.3.5. Engineering
6.3.6. Laser instruments
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tachometer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tachometer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tachometer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tachometer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tachometer Demand Share Forecast, 2019-2026
9. North America Tachometer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tachometer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tachometer Market Size and Volume Forecast by Application
9.4.1. Automobiles
9.4.2. Airplanes
9.4.3. Medical Applications
9.4.4. Traffic
9.4.5. Engineering
9.4.6. Laser instruments
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tachometer Market Size and Volume Forecast by Type
9.7.1. Time Measurement Tachometer
9.7.2. Frequency Measurement Tachometer
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tachometer Demand Share Forecast, 2019-2026
10. Latin America Tachometer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tachometer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tachometer Market Size and Volume Forecast by Application
10.4.1. Automobiles
10.4.2. Airplanes
10.4.3. Medical Applications
10.4.4. Traffic
10.4.5. Engineering
10.4.6. Laser instruments
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tachometer Market Size and Volume Forecast by Type
10.7.1. Time Measurement Tachometer
10.7.2. Frequency Measurement Tachometer
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tachometer Demand Share Forecast, 2019-2026
11. Europe Tachometer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tachometer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tachometer Market Size and Volume Forecast by Application
11.4.1. Automobiles
11.4.2. Airplanes
11.4.3. Medical Applications
11.4.4. Traffic
11.4.5. Engineering
11.4.6. Laser instruments
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tachometer Market Size and Volume Forecast by Type
11.7.1. Time Measurement Tachometer
11.7.2. Frequency Measurement Tachometer
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tachometer Demand Share, 2019-2026
12. Asia Pacific Tachometer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tachometer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tachometer Market Size and Volume Forecast by Application
12.4.1. Automobiles
12.4.2. Airplanes
12.4.3. Medical Applications
12.4.4. Traffic
12.4.5. Engineering
12.4.6. Laser instruments
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tachometer Market Size and Volume Forecast by Type
12.7.1. Time Measurement Tachometer
12.7.2. Frequency Measurement Tachometer
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tachometer Demand Share, 2019-2026
13. Middle East & Africa Tachometer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tachometer Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tachometer Market Size and Volume Forecast by Application
13.4.1. Automobiles
13.4.2. Airplanes
13.4.3. Medical Applications
13.4.4. Traffic
13.4.5. Engineering
13.4.6. Laser instruments
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tachometer Market Size and Volume Forecast by Type
13.7.1. Time Measurement Tachometer
13.7.2. Frequency Measurement Tachometer
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tachometer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tachometer Market: Market Share Analysis
14.2. Tachometer Distributors and Customers
14.3. Tachometer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Extech Instruments(US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Omega Engineering(US)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Allied Electronics(US)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LOR Manufacturing Company,Inc.(US)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SRI Electronics(India)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kusam Meco(India)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Waco(India)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lutron(US)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Samson Automation(India)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Design Technology(TW)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Aetna Engineering(US)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Digital Promoters(India)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Faria Beede Shanghai Tachometer(China)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook