A strain gauge sensor is a type of sensor utilized to detects or measure strain on an object. The strain gauge is used in numerous fields such as mechanical engineering development, testing of aircraft, etc. The use of these sensors is determined by their features, including the number of gauges in a gauge pattern, temperature sensitivity, resistance power of a grid, gauge length, low cost, and gauge width. This increases the demand for strain gauge sensors market boosting its growth and creating excellent future opportunities.
MARKET SCOPE
The "Global Strain Gauge Sensors Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the strain gauge sensors market with detailed market segmentation by type, applications, and geography. The report provides key statistics on the market status of the leading strain gauge sensors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global strain gauge sensors market is segmented into metal strain gauge sensors and semiconductor strain gauge sensors.
- On the basis of applications, the market is segmented into industrial measurement and control, weighing equipment, aerospace, cranes, and others.
MARKET DYNAMICS
Drivers:
- The use of strain gauge sensors for test objects with the weight up to one ton is the primary factor driving the growth of the strain gauge sensor market.
- With the increasing technological advancements, the use of strain gauge sensors in printing, mining, and oil and gas sectors has been increasing.
Restraints:
- The design and installation complexities are some of the significant factors which may restrain the growth of the strain gauge sensor market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The strain gauge sensors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the strain gauge sensors market in these regions.
IMPACT OF COVID-19 ON STRAIN GAUGE SENSORS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the strain gauge sensors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from strain gauge sensors market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the strain gauge sensors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- HBM
- BCM SENSOR TECHNOLOGIES
- Hitec Products, Inc.
- IPA
- NMB
- OMEGA Engineering inc.
- PCB Piezotronics, Inc.
- Vishay Precision Group, Inc.
- Xiamen Loadcell Technology Co.,Ltd.
- Zemic Europe B.V.