Market Overview:
The global draw wire sensors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for draw wire sensors in medical equipment, building manufacturing, logistics and transportation, automobile engineering, and other applications. Additionally, the growing demand for compact sensor type is also contributing to the growth of this market. However, factors such as high installation cost and lack of awareness about these sensors are restraining its growth.
Product Definition:
A draw wire sensor is a device used to measure the displacement of a wire. The displacement can be used to determine the position or movement of an object.
Compact Sensor:
Compact sensor is a new term in the market and has been evolving over the past few years. The evolution of technology from large, traditional sensors to smaller, more versatile and cheaper ones has led to its increasing adoption across various applications such as consumer electronics, automotive & transportation, healthcare & life sciences and industrial manufacturing. Technological advancements have resulted into miniaturization of devices with improved performance which is expected to drive compact sensor demand over the forecast period.
Heavy Duty Sensor:
Heavy-duty sensors are used in various applications such as traffic management, security systems, and access control. They are also known as super-sensitive or premium-grade sensors.
Application Insights:
The logistics and transportation application segment accounted for the largest revenue share in 2017. The increasing use of draw wire sensors in railway applications, such as speed monitoring, to prevent train accidents due to overspeed is expected to drive the growth of the logistics and transportation segment. Moreover, they are used in automotive applications for vehicle stability control and anti-lock braking systems among others. This is anticipated to fuel market demand during the forecast period.
Building manufacturing application segment was valued at USD 281 million in 2017 owing to their usage for measuring force on building materials such as concrete or steel bars that are being assembled into a structure by using mechanical fasteners with a high risk of human injury if any movement occurs while these mechanical fasteners are being tightened or loosened resulting into injuries caused by heavy machinery fall from great heights onto people working below who may be assembling furniture or working on electrical installations etc.
Regional Analysis:
Asia Pacific dominated the global draw wire sensors market in terms of revenue share in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising investments by governments for improving infrastructure, coupled with increasing industrialization across emerging economies such as China and India. Furthermore, growing automotive production along with rapid urbanization is also anticipated to drive product demand over the next eight years.
The Asia Pacific region was followed by Europe which accounted for a significant revenue share of nearly 25% in 2016 owing to high manufacturing volumes across several industries including automotive, aerospace & defense, consumer electronics among others. The presence of major aircraft manufacturers including Airbus S.A., BAE Systems plc.
Growth Factors:
- Increasing demand from automotive industry for safety and security features
- Growing demand for draw wire sensors in medical applications
- Rising popularity of IoT and connected devices
- Proliferation of automation across various industries
- Growing awareness about the benefits of draw wire sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Draw Wire Sensors Market Research Report
By Type
Compact Sensor, Heavy Duty Sensor
By Application
Medical Equipment, Building Manufacturing, Logistics and Transportation, Automobile Engineering, Other
By Companies
Micro-Epsilon, Firstmark Controls, WayCon Positionsmesstechnik GmbH, Althen Sensors, BEI Sensors, POSITAL, SICK AG, UniMeasure, Bestech, Messotron, Kubler Group, Sensata Technologies, Changchun Rongde Optical, TR Electronic, Phoenix Sensors LLC, Emolice, ADM Nuclear Technologies, ASM GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Draw Wire Sensors Market Report Segments:
The global Draw Wire Sensors market is segmented on the basis of:
Types
Compact Sensor, Heavy Duty Sensor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Equipment, Building Manufacturing, Logistics and Transportation, Automobile Engineering, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Micro-Epsilon
- Firstmark Controls
- WayCon Positionsmesstechnik GmbH
- Althen Sensors
- BEI Sensors
- POSITAL
- SICK AG
- UniMeasure
- Bestech
- Messotron
- Kubler Group
- Sensata Technologies
- Changchun Rongde Optical
- TR Electronic
- Phoenix Sensors LLC
- Emolice
- ADM Nuclear Technologies
- ASM GmbH
Highlights of The Draw Wire Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Compact Sensor
- Heavy Duty Sensor
- By Application:
- Medical Equipment
- Building Manufacturing
- Logistics and Transportation
- Automobile Engineering
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Draw Wire Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Draw wire sensors are a type of sensor that uses a thin metal wire to measure the electrical resistance of an object. The metal wire is drawn across the object, and the amount of resistance it encounters is used to calculate how far the wire has been drawn. This information can then be used to determine how much force was applied when drawing the sensor, as well as other characteristics about the object being measured.
Some of the key players operating in the draw wire sensors market are Micro-Epsilon, Firstmark Controls, WayCon Positionsmesstechnik GmbH, Althen Sensors, BEI Sensors, POSITAL, SICK AG, UniMeasure, Bestech, Messotron, Kubler Group, Sensata Technologies, Changchun Rongde Optical, TR Electronic, Phoenix Sensors LLC, Emolice, ADM Nuclear Technologies, ASM GmbH.
The draw wire sensors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Draw Wire Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Draw Wire Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Draw Wire Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Draw Wire Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Draw Wire Sensors Market Size & Forecast, 2020-2028
4.5.1 Draw Wire Sensors Market Size and Y-o-Y Growth
4.5.2 Draw Wire Sensors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Compact Sensor
5.2.2 Heavy Duty Sensor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical Equipment
6.2.2 Building Manufacturing
6.2.3 Logistics and Transportation
6.2.4 Automobile Engineering
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Draw Wire Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Draw Wire Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Compact Sensor
9.6.2 Heavy Duty Sensor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical Equipment
9.10.2 Building Manufacturing
9.10.3 Logistics and Transportation
9.10.4 Automobile Engineering
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Compact Sensor
10.6.2 Heavy Duty Sensor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical Equipment
10.10.2 Building Manufacturing
10.10.3 Logistics and Transportation
10.10.4 Automobile Engineering
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Compact Sensor
11.6.2 Heavy Duty Sensor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical Equipment
11.10.2 Building Manufacturing
11.10.3 Logistics and Transportation
11.10.4 Automobile Engineering
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Compact Sensor
12.6.2 Heavy Duty Sensor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical Equipment
12.10.2 Building Manufacturing
12.10.3 Logistics and Transportation
12.10.4 Automobile Engineering
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Compact Sensor
13.6.2 Heavy Duty Sensor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical Equipment
13.10.2 Building Manufacturing
13.10.3 Logistics and Transportation
13.10.4 Automobile Engineering
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Draw Wire Sensors Market: Competitive Dashboard
14.2 Global Draw Wire Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Micro-Epsilon
14.3.2 Firstmark Controls
14.3.3 WayCon Positionsmesstechnik GmbH
14.3.4 Althen Sensors
14.3.5 BEI Sensors
14.3.6 POSITAL
14.3.7 SICK AG
14.3.8 UniMeasure
14.3.9 Bestech
14.3.10 Messotron
14.3.11 Kubler Group
14.3.12 Sensata Technologies
14.3.13 Changchun Rongde Optical
14.3.14 TR Electronic
14.3.15 Phoenix Sensors LLC
14.3.16 Emolice
14.3.17 ADM Nuclear Technologies
14.3.18 ASM GmbH
