Strain Gauges Market by Application, Type and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 176 SKU: IRTNTR44814

Strain Gauges Market Forecast 2023-2027

The strain gauges market size is estimated to grow by USD 97.5 million at a CAGR of 4.15% between 2022 and 2027. 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 field testing and stress and strain analysis. 

What will be the size of the Market During the Forecast Period?

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Market Dynamics

Key Driver

Growing demand for medical devices and compatible strain gauges is notably driving market growth. These 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 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 market during the forecast period. 

Key Trends

The availability of custom strain gauges is one of the major market trends. Various scenarios necessitate tailor-made 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 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 gauges tailored to meet precise application needs. This customization avenue also allows vendors to command a notable premium for their gauges. The expanding availability of bespoke gauges is anticipated to accelerate their adoption and positively influence the growth trajectory of the market during the forecast period.

Major Restraint

The emergence of substitutes for strain gauges is a significant challenge hindering market growth. These 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 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 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 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 market during the forecast period.

Application Analysis

The force and torque measurement segment is estimated to witness significant growth during the forecast period. 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, 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 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.

Type Analysis

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 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 will contribute to the advancement of the quarter bridge strain gauge segment, driving the expansion of the market during the forecasted period. 

Regional Overview

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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 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. China, Japan, and India contribute significantly to oil and gas, cement, steel, fertilizers, and pulp and paper production. The utilization 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 demand during the forecast period.

Customer Landscape

The market growth analysis 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 market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Market Companies?

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. 

The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • FUTEK Advanced Sensor Technology Inc. 
  • 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
  • Zhejiang Huangyan Testing Apparatus Factory

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.

Market Analyst Overview

The market plays a vital role in various industries, facilitating physical measurements and monitoring deformations on solid surfaces. In the manufacturing sector, they are crucial for industrial weighing equipment and domestic scales, ensuring accurate readings. These gauges find applications in aerospace for structural load-bearing components and rail safety, monitoring acceleration and strain on critical parts like wheels and propellers.

Additionally, they play a role in power plants, refineries, automobiles, and smart bridge technology, enabling real-time monitoring and inspection for structural damage. With diverse sensor types like mechanical, electrical, optical, and semiconductor, gauges cater to a wide range of end-user industries, contributing to global weighing equipment market growth and ensuring safety across various sectors. Leading players like HBM and Vishay Intertechnology Inc drive innovation in this fragmented market.

Segment Overview

The market forecasting report covers market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Force and torque measurement
    • Weighing and lifting equipment
    • Field testing
    • Aerospace and defense
    • Others
  • Type Outlook (USD Million, 2017 - 2027)
    • Quarter bridge strain gauge
    • Strain gauge rosettes
    • Piezoresistor
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile 
      • Brazil
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Strain Gauges Market Scope

Market Report Coverage

Details

Page number

176

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.15%

Market growth 2023-2027

USD 97.5 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.37

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 40%

Key countries

US, China, Japan, Germany, and Brazil

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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

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

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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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global strain gauges market by application and geography market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global strain gauges market by application and geography market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Force and torque measurement - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Force and torque measurement - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Force and torque measurement - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Force and torque measurement - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Force and torque measurement - Year-over-year growth 2022-2027 (%)
    • 6.4 Weighing and lifting equipment - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Weighing and lifting equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Weighing and lifting equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Weighing and lifting equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Weighing and lifting equipment - Year-over-year growth 2022-2027 (%)
    • 6.5 Field testing - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Field testing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Field testing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Field testing - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Field testing - Year-over-year growth 2022-2027 (%)
    • 6.6 Aerospace and defense - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ million)
      • Exhibit 55: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Quarter bridge strain gauge - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Quarter bridge strain gauge - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Quarter bridge strain gauge - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Quarter bridge strain gauge - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Quarter bridge strain gauge - Year-over-year growth 2022-2027 (%)
    • 7.4 Strain gauge rosettes - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Strain gauge rosettes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Strain gauge rosettes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Strain gauge rosettes - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Strain gauge rosettes - Year-over-year growth 2022-2027 (%)
    • 7.5 Piezoresistor - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Piezoresistor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Piezoresistor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Piezoresistor - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Piezoresistor - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 72: Market opportunity by Type ($ million)
      • Exhibit 73: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Brazil - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Brazil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Brazil - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Brazil - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Anyload LLC
              • Exhibit 127: Anyload LLC - Overview
              • Exhibit 128: Anyload LLC - Product / Service
              • Exhibit 129: Anyload LLC - Key offerings
            • 12.4 BCM SENSOR TECHNOLOGIES bvba
              • Exhibit 130: BCM SENSOR TECHNOLOGIES bvba - Overview
              • Exhibit 131: BCM SENSOR TECHNOLOGIES bvba - Product / Service
              • Exhibit 132: BCM SENSOR TECHNOLOGIES bvba - Key offerings
            • 12.5 Guangzhou Electrical Measuring Instruments Factory
              • Exhibit 133: Guangzhou Electrical Measuring Instruments Factory - Overview
              • Exhibit 134: Guangzhou Electrical Measuring Instruments Factory - Product / Service
              • Exhibit 135: Guangzhou Electrical Measuring Instruments Factory - Key offerings
            • 12.6 Hottinger Bruel and Kjaer GmbH
              • Exhibit 136: Hottinger Bruel and Kjaer GmbH - Overview
              • Exhibit 137: Hottinger Bruel and Kjaer GmbH - Product / Service
              • Exhibit 138: Hottinger Bruel and Kjaer GmbH - Key offerings
            • 12.7 Indutrade AB
              • Exhibit 139: Indutrade AB - Overview
              • Exhibit 140: Indutrade AB - Business segments
              • Exhibit 141: Indutrade AB - Key offerings
              • Exhibit 142: Indutrade AB - Segment focus
            • 12.8 KeLi Sensing Technology Ningbo Co. Ltd.
              • Exhibit 143: KeLi Sensing Technology Ningbo Co. Ltd. - Overview
              • Exhibit 144: KeLi Sensing Technology Ningbo Co. Ltd. - Product / Service
              • Exhibit 145: KeLi Sensing Technology Ningbo Co. Ltd. - Key offerings
            • 12.9 KYOWA ELECTRONIC INSTRUMENTS CO. LTD.
              • Exhibit 146: KYOWA ELECTRONIC INSTRUMENTS CO. LTD. - Overview
              • Exhibit 147: KYOWA ELECTRONIC INSTRUMENTS CO. LTD. - Product / Service
              • Exhibit 148: KYOWA ELECTRONIC INSTRUMENTS CO. LTD. - Key offerings
            • 12.10 Mettler Toledo International Inc.
              • Exhibit 149: Mettler Toledo International Inc. - Overview
              • Exhibit 150: Mettler Toledo International Inc. - Business segments
              • Exhibit 151: Mettler Toledo International Inc. - Key offerings
              • Exhibit 152: Mettler Toledo International Inc. - Segment focus
            • 12.11 MinebeaMitsumi Inc.
              • Exhibit 153: MinebeaMitsumi Inc. - Overview
              • Exhibit 154: MinebeaMitsumi Inc. - Business segments
              • Exhibit 155: MinebeaMitsumi Inc. - Key news
              • Exhibit 156: MinebeaMitsumi Inc. - Key offerings
              • Exhibit 157: MinebeaMitsumi Inc. - Segment focus
            • 12.12 Omega Engineering Inc.
              • Exhibit 158: Omega Engineering Inc. - Overview
              • Exhibit 159: Omega Engineering Inc. - Product / Service
              • Exhibit 160: Omega Engineering Inc. - Key offerings
            • 12.13 Tokyo Measuring Instruments Laboratory Co. Ltd.
              • Exhibit 161: Tokyo Measuring Instruments Laboratory Co. Ltd. - Overview
              • Exhibit 162: Tokyo Measuring Instruments Laboratory Co. Ltd. - Product / Service
              • Exhibit 163: Tokyo Measuring Instruments Laboratory Co. Ltd. - Key offerings
            • 12.14 Vishay Precision Group Inc.
              • Exhibit 164: Vishay Precision Group Inc. - Overview
              • Exhibit 165: Vishay Precision Group Inc. - Business segments
              • Exhibit 166: Vishay Precision Group Inc. - Key offerings
              • Exhibit 167: Vishay Precision Group Inc. - Segment focus
            • 12.15 Xiamen Loadcell Technology Co. Ltd.
              • Exhibit 168: Xiamen Loadcell Technology Co. Ltd. - Overview
              • Exhibit 169: Xiamen Loadcell Technology Co. Ltd. - Product / Service
              • Exhibit 170: Xiamen Loadcell Technology Co. Ltd. - Key offerings
            • 12.16 Zemic Europe BV
              • Exhibit 171: Zemic Europe BV - Overview
              • Exhibit 172: Zemic Europe BV - Product / Service
              • Exhibit 173: Zemic Europe BV - Key offerings
            • 12.17 Zhejiang Huangyan Testing Apparatus Factory
              • Exhibit 174: Zhejiang Huangyan Testing Apparatus Factory - Overview
              • Exhibit 175: Zhejiang Huangyan Testing Apparatus Factory - Product / Service
              • Exhibit 176: Zhejiang Huangyan Testing Apparatus Factory - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 177: Inclusions checklist
                • Exhibit 178: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 179: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 180: Research methodology
                • Exhibit 181: Validation techniques employed for market sizing
                • Exhibit 182: Information sources
              • 13.5 List of abbreviations
                • Exhibit 183: List of abbreviations

              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

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
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