According to a new market report by Lucintel, 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 5% 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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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.
HBM, HPI, HYCSYQ, KYOWA, NMB, Piezo-Metrics, TML, and Vishay are among the major manufacturers of the strain gauge sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global strain gauge sensor market by mounted type, product type, application, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Strain Gauge Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global strain gauge sensor market by mounted type, product type, application, and region as follows:
By Mounted Type [$M shipment analysis for 2014 – 2025]:
By Product Type [$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
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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