The global strain gauge sensor market is projected to grow at a CAGR of 4%-6% during 2020-2025. The growth of strain gauge sensor market is driven by 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.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the strain gauge sensor by
mounted type ( bounded and unbounded), 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 What are the
business risks and threats to the strain gauge sensor market?
Q.4 What are some
changing demands of customers in the strain gauge sensor market?
Q.5 What are the new
developments in the strain gauge sensor market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this strain gauge sensor area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this strain gauge sensor market?
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Market Segmentation:
Based on application,
the strain gauge sensor market is segmented into vibration monitoring, residual
stress, torque measurement, strain measurement, deflection & bending
measurement, and others. The strain measurement segment accounted for the
largest share of the market in 2020 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 is
expected to be the largest region over the forecast period 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.
Key Players in the strain
gauge sensor market are HBM, HPI, HYCSYQ, KYOWA, NMB, Piezo-Metrics, TML, and
Vishay.
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The
report helps stakeholders understand the pulse of the market and provides them
with information on key drivers, restraints, challenges, and opportunities for
market growth. It would also help to understand the competitors better and gain
more insights to improve their position in the business.
To read more about this market please click on
https://www.lucintel.com/strain-gauge-sensor-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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