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The strain gauges market size is estimated to grow at a CAGR of 4.15% between 2022 and 2027. The market size is forecast to increase by USD 97.5 million. The growth of the market depends on several factors, including the growing demand for medical devices and compatible strain gauges, the number of applications of strain gauges in industries and the increasing demand for strain gauges for field testing and stress and strain analysis. Strain gauges are used for force and torque measurement in industries, stress and strain analysis in aerospace and defense equipment, and field testing in infrastructure projects. These are also used in weighing and lifting equipment, healthcare equipment, and consumer electronics. Strain gauges are available as metal foil strain gauges, semiconductor strain gauges, and optical strain gauges.
This strain gauges market by application and geography market report extensively covers market segmentation by application (force and torque measurement, weighing and lifting equipment, field testing, aerospace and defense, and others), type (quarter bridge strain gauge, strain gauge rosettes, and piezoresistor), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Growing demand for medical devices and compatible strain gauges is notably driving market growth. Strain gauges find utility across a spectrum of medical devices, such as computed tomography (CT) scanners, mammography machines, patient lift systems, infant scales, and medical pumps. As the demand for healthcare services and medical equipment surges, the need for strain gauges is anticipated to rise correspondingly. The global medical devices sector is steadily expanding, buoyed by factors like an aging population, robust economic growth translating to increased prosperity, and a heightened inclination toward seeking optimal medical interventions. With a mounting global populace, instances of cardiovascular, orthopedic, and dental ailments are also on the upswing.
However, a growing trend toward minimally invasive (MI) surgeries, which entail reduced patient trauma and infection risks, is taking root. Skilled surgeons are wielding high-precision robotic surgical tools to perform MI procedures, necessitating remarkable accuracy and performance capacities. Consequently, medical equipment is equipped to precisely gauge both force depth and rotational strength of drill bits during surgeries. This is expected to drive the growth of the global strain gauges market during the forecast period.
The availability of custom strain gauges is an emerging trend shaping market growth. Various scenarios necessitate tailor-made strain gauges to accurately gauge stress, strain, and torque. This arises from the distinct designs of certain structural elements in infrastructure projects. Similarly, specialized heavy machinery like power generation turbines or reactors is custom-crafted. Such uniquely designed machinery and structural components demand specifically tailored strain gauges, as generic or readily available off-the-shelf options fall short in precision. Additionally, applying a standard strain gauge to a non-standard component consumes time.
Moreover, to address this challenge, most suppliers are now offering personalized strain gauges tailored to meet precise application needs. This customization avenue also allows vendors to command a notable premium for their strain gauges. The expanding availability of bespoke strain gauges is anticipated to accelerate their adoption and positively influence the growth trajectory of the global strain gauges market during the forecast period.
The emergence of substitutes for strain gauges is a significant challenge hindering market growth. Strain gauges fulfill the task of gauging stress, strain, force, pressure, or torque when they make direct contact with equipment or structures. For instance, they find placement on components like rotating shafts or cables to gauge torque or tension. However, it's important to note that strain gauges do not offer a non-invasive stress measurement solution. This can introduce certain inaccuracies due to the added mass and altered vibration profiles caused by affixing strain gauges to components. As a result, the demand for non-intrusive stress measurement technologies is on the rise, particularly for dynamically assessing stresses in equipment. Unlike strain gauge sensors, FlexiForce sensors utilize a resistance-based approach, with their thin foil composition allowing easy attachment to surfaces. These sensors enable direct force measurement, bypassing the strain-based calculations typical of strain gauges.
Furthermore, FlexiForce sensors present the advantage of cost-effective measurement across a broader dynamic range, available in convenient packs of four or eight to accommodate lower-volume needs. This increasing preference for FlexiForce sensors, especially in low-volume applications, could potentially impact the growth of the strain gauges market during the forecast period.
The force and torque measurement segment is estimated to witness significant growth during the forecast period. Strain gauges exhibit versatility as strain gauge sensors are capable of gauging both force and torque. This capability is rooted in comprehending their operational principles and their diverse reactions to various forms of deformation. When integrated into a force sensor or load cell, strain gauges facilitate force measurement. Load cells serve as mechanisms for converting mechanical force into a quantifiable electrical signal, simplifying the process of measurement and assessment.
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The force and torque measurement segment was the largest segment and was valued at USD 126.12 million in 2017. Torque sensors find widespread utility in automotive contexts, industrial machinery, and scenarios mandating precise measurement of rotational force. In both force and torque evaluations, accurate calibration plays a pivotal role in ensuring reliable outcomes. Furthermore, meticulous attention to the strategic design and secure installation of strain gauges and their affixation to objects or components is imperative for achieving consistent and precise measurements. These advantages are set to drive the expansion of the force and torque segment, thereby fueling the growth of the market during the forecast duration.
The quarter bridge strain gauge configuration is a strain measurement technique employed to assess deformation or strain in bridge structures. Strain gauges exhibit alterations in their electrical resistance when subjected to mechanical strain or deformation within their affixed material. Unlike full bridge configurations (consisting of four strain gauges), quarter bridge setups necessitate only one strain gauge and fixed resistors. This streamlined design translates to reduced material expenses, rendering it a cost-efficient alternative, particularly for large-scale implementations or scenarios marked by budgetary limitations. Quarter bridge strain gauges find suitability in scenarios characterized by lower expected strain levels or minimal strain fluctuations. Such applications of strain gauges will contribute to the advancement of the quarter bridge strain gauge segment, driving the expansion of the strain gauges market during the forecasted period.
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APAC is estimated to contribute 40% 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. APAC stands out as the fastest-growing sector on the global strain gauges market growth, driven by escalating investments in key industries like power generation, oil and gas, chemical, and petrochemical. China, India, and Indonesia play pivotal roles in hosting numerous large-scale infrastructure projects across the globe.
Moreover, this region is emerging as a vibrant manufacturing and market center for aerospace and defense equipment, intensifying the demand for strain gauges. China, Japan, and India contribute significantly to oil and gas, cement, steel, fertilizers, and pulp and paper production. The utilization of strain gauges becomes crucial in inspecting machine tools, as the strain anomalies might compromise their operational efficiency. The robust expansion of industries and infrastructure initiatives in APAC ensures its rising market dominance, thus propelling the strain gauges demand during the forecast period.
The COVID-19 pandemic hindered the market growth in APAC in 2020, owing to the reduction in industrial activities as a result of the imposition of lockdowns by governments in the region. However, effective vaccination campaigns and increased investments in sectors like automobiles, manufacturing, aerospace, and mining. This resurgence facilitated the reopening of manufacturing plants, spurring demand for strain gauges across industries such as automotive, construction, and metal cutting. Notably, the automotive, construction, and industrial sectors are anticipated to be primary drivers fostering the market's growth throughout the forecast period.
The Strain Gauges Market by Application and Geography Market 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Strain Gauges Market by Application and Geography Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Anyload LLC - The company offers strain gauges such as ANYLOAD A1A D25 strain gauges amplifiers.
BCM SENSOR TECHNOLOGIES bvba - The company offers strain gauges such as Strain gauges for Transducer applications in electronics.
Guangzhou Electrical Measuring Instruments Factory - The company offers strain gauges such as high-precision strain gauges.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market 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 market 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.
The strain gauges market by application and geography market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Strain Gauges Market By Application And Geography Market Scope |
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.15% |
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Market growth 2023-2027 |
USD 97.5 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.37 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 40% |
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Key countries |
US, China, Japan, Germany, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Anyload LLC, BCM SENSOR TECHNOLOGIES bvba, FUTEK Advanced Sensor Technology Inc., Guangzhou Electrical Measuring Instruments Factory, Hottinger Bruel and Kjaer GmbH, Indutrade AB, KeLi Sensing Technology Ningbo Co. Ltd., Kistler Holding AG, KYOWA ELECTRONIC INSTRUMENTS CO. LTD., Mettler Toledo International Inc., Micron Instruments, MinebeaMitsumi Inc., Omega Engineering Inc., Spectris Plc, Thames Side Sensors Ltd., Tokyo Measuring Instruments Laboratory Co. Ltd., Vishay Precision Group Inc., Xiamen Loadcell Technology Co. Ltd., Zemic Europe BV, and Zhejiang Huangyan Testing Apparatus Factory |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Trends
11 Vendor Landscape
12 Vendor 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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