Market Overview:
The global strain gage based sensor 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 sensors in various applications, such as commercial weighing, industrial measurement and control, and automobile comprehensive performance testing. In terms of type, the alloy steel sensor segment is expected to lead the global strain gage based sensor market during the forecast period. This can be attributed to its high accuracy and durability as compared to other types of sensors available in the market.
Product Definition:
A strain gage is a device used to measure the deformation of an object in response to an applied force. The principle behind the strain gage is that when a material is subjected to a stress, it will deform. This deformation can be measured by placing resistors on the surface of the material and then measuring the resistance between two points on the resistor network.
Alloy steel sensor:
Alloy steel is a material that contains iron, nickel, and other metals. It has high tensile strength and ductility. The alloy can be cold-rolled to give good hardness but it is difficult to form into shapes other than sheets.
Stainless steel sensor:
Stainless steel is a ferritic alloy of nickel, iron, and chromium. It has excellent corrosion resistance and forms a thin film of metal on the surface which is exposed to strain. The stainless steel sensor can be used in various applications such as pressure sensors, position sensors, torque sensors etc.
The stainless steel sensor market size was valued at USD 523 million in 2015 and is expected to grow at CAGR 8% from 2016 to 2024.
Application Insights:
The global strain gage based sensor market is segmented on the basis of application into commercial weighing, industrial measurement and control, automobile comprehensive performance testing, and others. The commercial weighing segment dominated the overall market in terms of revenue share in 2017 owing to a rise in demand for packaged food products across the globe. This has led to an increase in retail sales which has resulted in an increased need for accurate weight measurement devices at grocery stores and other retail outlets.
The industrial measurement and control segment is expected to grow at a lucrative CAGR over the forecast period due to its rising adoption across various industries such as oil & gas, construction materials handling etc. Furthermore, this technology helps improve production efficiency by reducing human errors during weigh-based decisions related to material handling or storage etc., which further boosts industry growth over the forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period owing to increasing demand for strain gage sensors from various end-use industries such as automotive, aerospace and defense. In addition, growing use of these sensors in civil applications such as pipeline monitoring and structural health monitoring is anticipated to drive regional growth over the forecast period.
The Asia Pacific region accounted for a significant revenue share in 2017 owing to high production volume of vehicles manufactured by major players including Toyota Motor Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; Suzuki Kogyo Kabushiki Kaisha; Tata Motors Limited; Hyundai Mobicars Pvt. Ltd.; Isuzu Ascender Vehicle Co., Ltd.; Dongfeng Motor Corp., etc’s located in Japan, China and India coupled with rising investments on automation across several industrial sectors are some factors that can be attributed for rapid growth observed from 2016 to 2017 within this region.
Growth Factors:
- Increasing demand for strain gauge based sensors in automotive and aerospace industries due to their accuracy and reliability.
- Growing popularity of smart sensors that can communicate with other devices wirelessly, which is fueling the demand for strain gauge based sensors.
- Rising awareness about the benefits of using strain gauge based sensors in various industrial applications is propelling the market growth.
- Technological advancements in sensor manufacturing are resulting in development of smaller, lighter, and more efficient strain gauges that are boosting the market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Strain Gage Based Sensor Market Research Report
By Type
Alloy steel sensor, Stainless steel sensor, Aluminium sensor
By Application
Commercial Weighing, Industrial Measurement and Control, Automobile Comprehensive Performance Testing
By Companies
Vishay, HBM, Mettler-Toledo, Flintec, Minebea, ZEMIC, KeLi Sensing Technology, Ningbo Boda, Dongguan SouthChinaSea, Guangzhou Electrical Measuring Instruments Factory
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Strain Gage Based Sensor Market Report Segments:
The global Strain Gage Based Sensor market is segmented on the basis of:
Types
Alloy steel sensor, Stainless steel sensor, Aluminium 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
Commercial Weighing, Industrial Measurement and Control, Automobile Comprehensive Performance Testing
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:
- Vishay
- HBM
- Mettler-Toledo
- Flintec
- Minebea
- ZEMIC
- KeLi Sensing Technology
- Ningbo Boda
- Dongguan SouthChinaSea
- Guangzhou Electrical Measuring Instruments Factory
Highlights of The Strain Gage Based Sensor 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:
- Alloy steel sensor
- Stainless steel sensor
- Aluminium sensor
- By Application:
- Commercial Weighing
- Industrial Measurement and Control
- Automobile Comprehensive Performance Testing
- 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 Strain Gage Based Sensor 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.
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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?
A strain gage based sensor is a type of sensor that uses the force exerted on a material by an applied strain to measure the amount of stress or tension in the material.
Some of the major players in the strain gage based sensor market are Vishay, HBM, Mettler-Toledo, Flintec, Minebea, ZEMIC, KeLi Sensing Technology, Ningbo Boda, Dongguan SouthChinaSea, Guangzhou Electrical Measuring Instruments Factory.
The strain gage based sensor market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Strain Gage Based Sensor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Strain Gage Based Sensor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Strain Gage Based Sensor Market - Supply Chain
4.5. Global Strain Gage Based Sensor Market Forecast
4.5.1. Strain Gage Based Sensor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Strain Gage Based Sensor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Strain Gage Based Sensor Market Absolute $ Opportunity
5. Global Strain Gage Based Sensor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Strain Gage Based Sensor Market Size and Volume Forecast by Type
5.3.1. Alloy steel sensor
5.3.2. Stainless steel sensor
5.3.3. Aluminium sensor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Strain Gage Based Sensor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Strain Gage Based Sensor Market Size and Volume Forecast by Application
6.3.1. Commercial Weighing
6.3.2. Industrial Measurement and Control
6.3.3. Automobile Comprehensive Performance Testing
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Strain Gage Based Sensor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Strain Gage Based Sensor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Strain Gage Based Sensor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Strain Gage Based Sensor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Strain Gage Based Sensor Demand Share Forecast, 2019-2026
9. North America Strain Gage Based Sensor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Strain Gage Based Sensor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Strain Gage Based Sensor Market Size and Volume Forecast by Application
9.4.1. Commercial Weighing
9.4.2. Industrial Measurement and Control
9.4.3. Automobile Comprehensive Performance Testing
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Strain Gage Based Sensor Market Size and Volume Forecast by Type
9.7.1. Alloy steel sensor
9.7.2. Stainless steel sensor
9.7.3. Aluminium sensor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Strain Gage Based Sensor Demand Share Forecast, 2019-2026
10. Latin America Strain Gage Based Sensor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Strain Gage Based Sensor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Strain Gage Based Sensor Market Size and Volume Forecast by Application
10.4.1. Commercial Weighing
10.4.2. Industrial Measurement and Control
10.4.3. Automobile Comprehensive Performance Testing
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Strain Gage Based Sensor Market Size and Volume Forecast by Type
10.7.1. Alloy steel sensor
10.7.2. Stainless steel sensor
10.7.3. Aluminium sensor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Strain Gage Based Sensor Demand Share Forecast, 2019-2026
11. Europe Strain Gage Based Sensor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Strain Gage Based Sensor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Strain Gage Based Sensor Market Size and Volume Forecast by Application
11.4.1. Commercial Weighing
11.4.2. Industrial Measurement and Control
11.4.3. Automobile Comprehensive Performance Testing
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Strain Gage Based Sensor Market Size and Volume Forecast by Type
11.7.1. Alloy steel sensor
11.7.2. Stainless steel sensor
11.7.3. Aluminium sensor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Strain Gage Based Sensor Demand Share, 2019-2026
12. Asia Pacific Strain Gage Based Sensor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Strain Gage Based Sensor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Strain Gage Based Sensor Market Size and Volume Forecast by Application
12.4.1. Commercial Weighing
12.4.2. Industrial Measurement and Control
12.4.3. Automobile Comprehensive Performance Testing
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Strain Gage Based Sensor Market Size and Volume Forecast by Type
12.7.1. Alloy steel sensor
12.7.2. Stainless steel sensor
12.7.3. Aluminium sensor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Strain Gage Based Sensor Demand Share, 2019-2026
13. Middle East & Africa Strain Gage Based Sensor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Strain Gage Based Sensor Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Strain Gage Based Sensor Market Size and Volume Forecast by Application
13.4.1. Commercial Weighing
13.4.2. Industrial Measurement and Control
13.4.3. Automobile Comprehensive Performance Testing
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Strain Gage Based Sensor Market Size and Volume Forecast by Type
13.7.1. Alloy steel sensor
13.7.2. Stainless steel sensor
13.7.3. Aluminium sensor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Strain Gage Based Sensor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Strain Gage Based Sensor Market: Market Share Analysis
14.2. Strain Gage Based Sensor Distributors and Customers
14.3. Strain Gage Based Sensor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vishay
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HBM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mettler-Toledo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Flintec
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Minebea
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ZEMIC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KeLi Sensing Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ningbo Boda
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dongguan SouthChinaSea
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Guangzhou Electrical Measuring Instruments Factory
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
