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The strain gauges market size is forecast to increase by USD 87 million, at a CAGR of 3.62% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The strain gauge market continues to evolve, driven by the ever-expanding applications in various sectors. Inductive sensors and non-destructive testing (NDT) are prominent areas of growth, with a focus on enhancing vibration resistance and improving measurement accuracy. Rise time and settling time are crucial factors in ensuring long-term stability for these applications. In civil engineering, bonded strain gauges and load cells are essential components in monitoring structures and assessing load capacities. Signal conditioning plays a vital role in optimizing output signals, while overload protection and environmental sealing are necessary for industrial automation and control systems.
Semiconductor strain gauges offer temperature ranges and measurement ranges suitable for diverse applications, from piezoresistive sensors to torque sensors. Zero shift and zero-based output are essential for maintaining accuracy in these sensors. The market dynamics are continuously unfolding, with ongoing research and development in areas such as short-term stability, temperature compensation, and shock resistance. Analog-to-digital converters (ADCs) and response time are critical factors in enhancing the performance of these sensors. Capacitive sensors and foil strain gauges are alternative solutions that cater to specific applications, offering advantages such as high sensitivity and ease of use. The integration of unbonded strain gauges and optical sensors expands the market's reach, providing solutions for various industries.
The market's continuous evolution is underpinned by the need for advanced measurement technology and the increasing demand for reliable and accurate data in various sectors. The future holds exciting possibilities for innovation and growth in the strain gauge market.
The strain gauges industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The force and torque measurement segment is estimated to witness significant growth during the forecast period.
Strain gauges are essential sensors in various industries, including civil engineering and industrial automation, for measuring force and torque. These sensors operate based on the principle of the Whestone bridge and the strain response of semiconductor materials. The signal-to-noise ratio (SNR) and zero shift are crucial factors in ensuring accurate measurements. Analog-to-digital converters (ADCs) and signal conditioning systems are used to process the electrical output signals. Semiconductor strain gauges offer high sensitivity, with temperature compensation and long-term stability. Capacitive and inductive sensors are alternative technologies, each with unique advantages. Non-destructive testing (NDT) is a common application, ensuring the integrity of structures and machinery.
Vibration resistance and shock resistance are essential features for sensors in harsh environments. Load cells and strain gauge rosettes are common force sensors, converting mechanical force into an electrical signal. Torque sensors are crucial in measuring rotational force, particularly in automotive and industrial applications. Proper calibration and overload protection are essential to ensure reliable and accurate measurements. Pressure sensors, temperature sensors, and output signals are essential components in various industrial control systems. Environmental sealing and operating temperature considerations are crucial for sensors in extreme conditions. Piezoresistive sensors and unbonded strain gauges offer unique advantages in specific applications. In summary, strain gauges play a vital role in measuring force and torque in various industries.
The sensors' design, calibration, and integration into systems, such as load cells and torque sensors, are crucial to ensure accurate and reliable measurements. Proper consideration of factors like SNR, temperature range, measurement range, and zero shift is essential for selecting the appropriate sensor technology.
The Force and torque measurement segment was valued at USD 128.40 million in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is witnessing significant growth, particularly in the APAC region. This expansion is attributed to the region's substantial investments in industries such as power generation, oil and gas, chemical, and petrochemical. With the highest number of large infrastructure projects, China, India, and Indonesia are major contributors to this growth. As a manufacturing hub and market for aerospace and defense equipment, the demand for strain gauges in APAC is high. Strain gauges, an essential component in various industries, offer benefits such as high accuracy, reliability, and versatility. These sensors are used in various applications, including non-destructive testing (NDT), civil engineering, industrial automation, and vibration resistance.
Semiconductor strain gauges, piezoresistive sensors, and foil strain gauges are popular types used for measuring strain, pressure, torque, and temperature. Signal conditioning, zero shift, and temperature compensation are crucial factors ensuring accurate measurements. Response time, settling time, and shock resistance are essential for applications requiring real-time monitoring. Long-term stability, overload protection, and environmental sealing are essential for ensuring durability and reliability. Analog-to-digital converters (ADCs) and signal-to-noise ratio (SNR) play a significant role in enhancing the performance of strain gauges. Capacitive sensors and inductive sensors are alternative technologies used in specific applications. Wire strain gauges, load cells, strain gauge rosettes, and bonded strain gauges are various forms of strain gauges used for diverse applications.
In summary, The market is experiencing substantial growth, driven by the increasing demand from various industries in the APAC region. The market's evolution is characterized by advancements in technology, improving performance, and expanding applications.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is a dynamic and evolving industry, characterized by continuous innovation and technological advancements. This sector focuses on the production and application of strain gauges, essential components in measuring force, pressure, and deformation. Strain gauge sensors, a key product in this market, are integral to various industries, including automotive, aerospace, and manufacturing. They offer high accuracy, reliability, and versatility, making them indispensable in monitoring and controlling systems. Microelectromechanical systems (MEMS) technology, miniaturization, and wireless connectivity are driving the growth of the market. Applications in structural health monitoring, vibration analysis, and process control further expand its reach. Advanced materials, such as silicon, piezoresistive, and strain gauge foils, are utilized to create high-performance sensors. The market also benefits from increasing research and development efforts, regulatory compliance, and growing demand for smart and connected devices.
The strain gauges market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the strain gauges market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, strain gauges market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Anyload - This company specializes in providing advanced strain gauge solutions, including ANYLOAD A1A D25 strain gauges and amplifiers. Our offerings deliver precise measurement capabilities, enhancing engineering applications and optimizing performance.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Strain Gauges Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.62% |
Market growth 2024-2028 |
USD 87 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.45 |
Key countries |
US, China, Germany, Japan, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this strain gauges market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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