Press release
Sensor Screwdrivers Market Expected to Secure Notable Revenue Share during 2019 to 2029
Screwdrivers play an important role in everyday handyman uses to industrial screw fastening applications. For handyman activities using a simple, handheld screwdriver often times does the job, whereas for industrial production applications more complex and precise screwdrivers are used to achieve the right amount of torque. For this purposes, sensor screwdrivers are widely used across various manufacturing industries. Sensor screwdrivers are used to fasten the screws with the right amount of torque to ensure a full and complete functional life of the product. Sensor screwdrivers are now widely used in industries like electronics, automobile, utilities, consumer goods and various other manufacturing industries, where fastening of screws is an important step in delivering a high quality end product. The sensors in the sensor screwdrivers help control the torque and rotational angle while fastening the screws. The torque measurement is done by measuring the deformation using strain gauge. The torque and rotational measurement helps in a more accurate screw fastening on the products. The sensor screwdrivers can fasten screws with size as small as M0.5 to more than M5 size screws, making them very crucial in various automated manufacturing industries. With manufacturers increasing focus on delivering high quality, long lasting products and reduce product defect rate, use of sensor screwdrivers is gaining prominent demand among manufacturing industries and is projected to experience a significant growth in demand over the projected period.
Sensor Screwdrivers: Market Dynamics
Manufacturers, especially in the electronics, consumer goods and utilities industries, often employ measures to cut down losses and costs incurred due to product defects. Product defect rate plays an important role in defining the company’s brand, product quality, reliability, dependability and trust on its products. This is one of the factors heavily influencing the use of sensor screwdrivers in manufacturing industries. Rising focus on delivering high quality and long lasting products is also creating expected to create a hefty demand for sensor screwdrivers market in the coming years. Growing automation adoption in manufacturing industries is one of the prominent trends in the sensor screwdrivers market. While the implementation of sensor screwdrivers improves operation efficiency, reduces labor costs and improves overall product quality, the whole set-up requires high capital investment, which can affect the growth of sensor screwdrivers market in some key regions. However, the drivers of the market are expected to trump the restraints, and the overall sensor screwdriver market is projected to witness healthy demand in the coming years.
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Sensor Screwdrivers: Market Segmentation
The overall Sensor Screwdrivers market can been segmented on the basis of thread size as:
5 to M2.5
5 – M5
Above M5
The overall Sensor Screwdrivers market can been segmented on the basis of torque range as:
Up to 0.5 Nm
5-5 Nm
Above 5 Nm
The overall Sensor Screwdrivers market can been segmented on the basis of application as:
Automobiles
Telecommunications
Aviation
Utilities
Consumer Products
Electronics & Electricals
Other Manufacturing
Sensor Screwdrivers market: Regional Outlook
Europe is anticipated to occupy the crux of the market share in the global sensor screwdrivers market owing to the presence of a large manufacturing hub in the region, especially in Western Europe. North America and East Asia are expected to follow Europe in terms of market share, while South Asia is also anticipated to occupy a significant amount of market share in the sensor screwdrivers market over the projected period. In terms of growth rate by CAGR, China is expected to outpace other countries due to the booming electronics, automotive and other manufacturing industries in the region. South Asia is expected to follow China in terms of growth rate in the sensor screwdrivers market, given the rapid industrialization and growing manufacturing sector in India. Influx of investments in Africa region for economic development, is expected to drive the Sensor Screwdrivers market in the region, while Latin America is expected to create noteworthy demand in the global Sensor Screwdrivers market.
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Sensor Screwdrivers market: Market Participants
Some of the key market participants identified in the Sensor Screwdrivers market across the globe are:
Mountz Torque
DEPRAG SCHULZ GMBH
Kilews industrial Co., Ltd
WEBER Screwdriving Systems Inc.
FAULHABER GROUP
NITTO KOHKI CO., LTD
Desoutter Industrial Tools
SMAC Corporation
Tohnichi America Corporation
Brief Approach to Research
The research report presents a comprehensive assessment of the Sensor Screwdrivers market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Sensor Screwdrivers market segments such as geographies, application and industry.
The report covers exhaustive analysis on:
Sensor Screwdrivers Market Segments
Sensor Screwdrivers Market Dynamics
Sensor Screwdrivers Market Size
Sensor Screwdrivers Supply & Demand
Sensor Screwdrivers Current Trends/Issues/Challenges
Sensor Screwdrivers Competition & Companies involved
Sensor Screwdrivers Technology
Sensor Screwdrivers Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
Eastern Europe (Russia, Poland, CIS)
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Sensor Screwdrivers market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Sensor Screwdrivers market segments and geographies.
Report Highlights:
Detailed overview of Sensor Screwdrivers’ parent market
Changing Sensor Screwdrivers market dynamics in the industry
In-depth Sensor Screwdrivers market segmentation
Historical, current and projected Sensor Screwdrivers market size in terms of volume and value
Sensor Screwdrivers recent industry trends and developments
Sensor Screwdrivers competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth in Sensor Screwdrivers market
A neutral perspective on Sensor Screwdrivers market performance
Must-have information for Sensor Screwdrivers market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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