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Strain Gage Market By Type (Metal Strain Gauge, Semiconductor Strain Gauge), By Mounting Type (Bounded, Unbounded), By Application (Weighing Equipment, Aerospace, Industrial Measurement and Control, Others) - Global Opportunity Analysis And Industry Forecast, 2021-2027

Categories: Electronics And Semiconductor

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Global Strain Gage Market Overview

The Global Strain Gage market size is estimated to reach $21.32 million by 2026 growing at a CAGR of 2.95% over the forecast period of 2021-2026. Strain gages are sensors whose measured electrical resistance varies with applied force. Strain gages are highly precise and are not influenced owing to temperature changes. Strain Gauges are increasingly being adopted to measure strain in underground tunnels, cavities, buildings, bridges, concrete, masonry dams, embedment in concrete and soil. Strain gauges consist of an insulating flexible backing for supporting a metallic foil pattern and is attached to the object using an adhesive. Strain gauge sensors are supported by a one-stop-shop product range and in-house technical expertise and have the ability to survive and thrive in harsh environments like deep space. Major factors driving the growth of the Strain Gage market include growing demand for strain gauges in automotive applications, increasing focus on developing cost-effective and innovative strain gauges by the key players, and the rise in the research and development activities to create high-quality strain gauges.

 

Report Coverage and Scope

The report “Global Strain Gage Market”, by Research Informatic covers an in-depth detailed analysis for the following segment which are covered under scope.

 

By Type

  • Metal Strain Gauge
  • Semiconductor Strain Gauge

 

By Mounting Type

  • Bounded
  • Unbounded

 

By Application

  • Weighing Equipment
  • Aerospace
  • Industrial Measurement and Control
  • Others

 

Geography

  • North America
  • Europe
  • APAC
  • RoW

 

Key Takeaways from Global Strain Gage Market Report:

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for types, mounting types, applications, and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges, and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

 

By type, the market for metal strain gauge to grow at the highest CAGR during the forecast period

During the forecast period, the market for metal strain gauges is predicted to develop at the fastest rate of XX%. It also holds the largest share in 2020. Metal strain gauges take advantage of their dependence on the conductor's geometry and the physical property of electrical conductance. Metal strain gauges are typically a winding pattern of a metal wire on a polyimide film. Metal strain gauges are effectively being implemented in measurement and test applications, healthcare, aerospace and defense applications owing to their ability to measure weight, force, and pressure.

 

By application, the Strain Gage market for aerospace applications to grow at the highest CAGR during the forecast period

During the projection period, the Strain Gage market for aerospace applications is predicted to develop at the fastest CAGR. Strain gauges are being bonded to load-bearing accessories within air crafts to measure any stress and strain that takes place within several areas during flight. Strain gauges also have the ability to monitor the deformation and wing deflection during flight for ensuring it is safe. The key players across the world are focusing on developing advanced strain gages owing to the increasing demand for innovative strain gauges in the aerospace industry.

 

North America to account for the largest market share during the forecast period

North America held largest share for the Strain Gage market in 2020 with global market share of XX%. The demand for Strain Gage in North America is growing owing to the rise in the demand for reliable and cost-effective gas sensors and the increasing technological advancements in the automotive and industrial sectors. Furthermore, the growing focus on innovative products by the key players and the rise in the research and development activities are propelling the demand for strain gauges.

Asia Pacific is set to be the fastest-growing over the period 2021-2026. The major drivers for the rapid growth of the Strain Gage market in the Asia Pacific are the growing demand for strain gauge for measuring the stress generated by machinery and the increase in the adoption of strain gauge sensing technologies by original equipment manufacturers (OEMs).

 

Market Dynamics

 

Driver:  Growing demand for strain gauges in the aerospace industry.

Strain gauges and related accessories are effectively becoming a trusted and vital resource for aerospace engineers. Micro-Measurement strain gauge sensors have the ability to survive and thrive in harsh environments like deep space and are supported by a one-stop-shop product range and in-house technical expertise. Micro-Measurements strain gauge sensors provide stress analysis and measure aerodynamic forces for aerospace programs around the world. Strain gauges are increasingly being adopted in the aerospace industry owing to their ability to enable accurate measurement of aerodynamic forces, tests of aircraft wing fatigue, evaluation of material properties, in-flight testing and predictive maintenance, and component and sub-assembly tests. The key players in the developed nations are working on developing strain gauges that enable flight-critical systems and high-frequency energy tests.

 

Challenge: Design and Installation Complexities.

The design and installation complexities of strain gauges is one of the major factors that is estimated to impact the growth of the Strain gauge market. The process of producing complex geometries for elastic elements increases the production costs of the strain gauge sensors. The elastic element of the products is one of the most expensive parts to comply with the specifications of dimensions and torque required for the target application. The complex geometries that require elaborate special tools and cutting operations increase the manufacturing time and require control programs for machine tools that are capable of achieving this level of complexity. During the projected period, the impact of this difficulty is predicted to be moderate.

 

Key Market Players

Key Players in Global Strain Gage Market consist of HBM (Germany), Vishay Intertechnology, Inc (US), ATI Industrial Automation (US), Kyowa Electronic Instruments Co., Ltd. (Japan), Piezo-Metrics Inc (US), FUTEK Advanced Sensor Technology, Inc.(US), ABB Group (Switzerland), The Crane Group of Companies (US), OMEGA Engineering (US), Zemic (Netherlands) among others.

 

Recent Developments:

  • In October 2018, ATI Industrial Automation has launched strain gauge sensors that offer the highest accuracy, resolution, and stiffness for providing a realistic sense of touch to applications. These sensors measure all six components of torque and force and the monolithic transducer features built-in electronics.

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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
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Electronics And Semiconductor Clients

Strain Gage Market By Type (Metal Strain Gauge, Se...

RD Code : SE21