Report Feature
The future of the global strain gauge sensor market looks promising with opportunities in vibration monitoring, residual stress, torque measurement, strain measurement, deflection & bending measurement applications. The strain gauge sensor market is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major growth drivers for this market are growing application of strain gauge sensor for test objects with the weight level upto one ton and increasing usage of strain gauge in several fields, such as mechanical engineering development and testing of aircraft, among others.
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Growth in various segments of the gauge sensor market are given below:
The study includes trends and forecast for the global strain gauge sensor market mounted types, product type, application, and region as follows:
By Mounted Type [$M shipment analysis for 2014 – 2025]:
Bounded
Unbounded
By Product Types [$M shipment analysis for 2014 – 2025]:
Optical Sensor
Semiconductor Strain Gauge Sensor
Photoelectric Gauge Sensor
Thin-film Strain Gauge Sensor
Others
By Application [$M shipment analysis for 2014 – 2025]:
Vibration Monitoring
Residual Stress
Torque Measurement
Strain Measurement
Deflection & Bending Measurement
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
UK
Italy
Asia Pacific
China
Japan
India
South Korea
Rest of the World
Some of the strain gauge sensor profiled in this report include, HBM, HPI, HYCSYQ, KYOWA, NMB, Piezo-Metrics, TML, and Vishay.
In this market, bounded and unbounded are the two mounted type segments.
Within the strain gauge sensor market, strain measurement will remain the largest application segment, and it is expected to witness the highest growth over the forecast period due to precise determination of suitable measuring points; bonding with full, half, and quarter bridges and temperature, bending, and centrifugal force compensation are some of the major factors.
North America will remain the largest region, and it is expected to witness the highest growth over the forecast period due to rising demand for low-cost and reliable gas sensor, which is fueling the market for strain gauge sensor in North America.
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Features of the Global Strain Gauge Sensor Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the strain gauge sensor market by mounted type ( bounded and unbounded), by product type (optical sensor, semiconductor strain gauge sensor, photoelectric gauge sensor, thin-film strain gauge sensor, and others), application (vibration monitoring, residual stress, torque measurement, strain measurement, deflection & bending measurement, and others), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW))? Q. 2 Which segments will grow at a faster pace and why? Q.3 Which regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market? Q.5 What are the business risks and threats to the strain gauge sensor market? Q.6 What are the emerging trends in the strain gauge sensor market and the reasons behind them? Q.7 What are some changing demands of customers in the strain gauge sensor market? Q.8 What are the new developments in the strain gauge sensor market? Which companies are leading these developments? Q.9 Who are the major players in this strain gauge sensor market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the strain gauge sensor market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the strain gauge sensor market? |
Report Scope
| Key Features | Description |
| Base Year for Estimation | 2019 |
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Trend Period (Actual Estimates) |
2014-2019 |
| Forecast Period | 2020-2025 |
| Pages | 200 |
| Market Representation / Units | Revenue in US $ Million |
| Report Coverage | Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling |
| Market Segments | By Mounting Type ( Bounded and Unbounded), By Product Type (Optical Sensor, Semiconductor Strain Gauges Sensor, Photoelectric Gauges Sensor, Thin-Film Strain Gauges Sensor, and Others), By Application (Vibration Monitoring, Residual Stress, Torque Measurement, Strain Measurement, Deflection & Bending Measurement, and Others) |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
Table of Contents
1. Executive Summary
6.2 Emerging Trends in Global Strain Gauge Sensor Market
4.1 Strain Gauge Sensor Market by Region
4.2.1 Market by Mounted Type: Bounded and Unbounded
4.2.2 Market by Product Type: Optical Sensor, Semiconductor Strain Gauges Sensor, Photoelectric Gauges Sensor, Thin-film Strain Gauges Sensor, and Others
4.2.3 Market by Application: Vibration Monitoring, Residual Stress, Torque Measurement, Strain Measurement, Deflection & Bending measurement, and Others
4.2.4 United States Strain Gauge Sensor Market
4.2.5 Canadian Strain Gauge Sensor Market
4.2.6 Mexican Strain Gauge Sensor Market
4.3.1 Market by Mounted Type: Bounded and Unbounded
4.3.2 Market by Product Type: Optical Sensor, Semiconductor Strain Gauges Sensor, Photoelectric Gauges Sensor, Thin-film Strain Gauges Sensor, and Others
4.3.3 Market by Application: Vibration Monitoring, Residual Stress, Torque Measurement, Strain Measurement, Deflection & Bending measurement, and Others
4.3.5 Germany Strain Gauge Sensor Market
4.3.4 UK Strain Gauge Sensor Market
4.3.5 Italy Strain Gauge Sensor Market
4.4.1 Market by Mounted Type: Bounded and Unbounded
4.4.2 Market by Product Type: Optical Sensor, Semiconductor Strain Gauges Sensor, Photoelectric Gauges Sensor, Thin-film Strain Gauges Sensor, and Others
4.4.3 Market by Application: Vibration Monitoring, Residual Stress, Torque Measurement, Strain Measurement, Deflection & Bending measurement, and Others
4.4.4 China Strain Gauge Sensor Market
4.4.5 Japan Strain Gauge Sensor Market
4.4.6 South Korea Strain Gauge Sensor Market
4.4.7 India Strain Gauge Sensor Market
4.5.1 Market by Mounted Type: Bounded and Unbounded
4.5.2 Market by Product Type: Optical Sensor, Semiconductor Strain Gauges Sensor, Photoelectric Gauges Sensor, Thin-film Strain Gauges Sensor, and Others
4.5.3 Market by Application: Vibration Monitoring, Residual Stress, Torque Measurement, Strain Measurement, Deflection & Bending measurement, and Others
6.1.1 Growth Opportunities for Global Strain Gauge Sensor Market by Product Type
6.1.2 Growth Opportunities for Global Strain Gauge Sensor Market by Mounted Type
6.1.3 Growth Opportunities for Global Strain Gauge Sensor Market by Application
6.1.4 Growth Opportunities for Global Strain Gauge Sensor Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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