Lucintel Forecasts Strain Gauge Sensor Market To Grow At A Cagr Of 4%-6%

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According to the recent study the strain gauge sensor market is projected to grow at a CAGR of 4%-6% from 2020 to 2025. Growth in this market is primarily driven by growing application of strain gauge sensor for test objects with the weight level upto one ton and increasing usage of strain gauge in several fields, such as mechanical engineering development and testing of aircraft, among others.
Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in strain gauge sensor market by mounted type ( bounded and unbounded), product type (optical sensor, semiconductor strain gauge sensor, photoelectric gauge sensor, thin-film strain gauge sensor, and others), application (vibration monitoring, residual stress, torque measurement, strain measurement, deflection & bending measurement, and others), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/strain-gauge-sensor-market.aspx
“Strain measurement market is ...
... expected to remain the largest segment during the forecast period.”
Based on application, the strain gauge sensor market is segmented into vibration monitoring, residual stress, torque measurement, strain measurement, deflection & bending measurement, and others. Lucintel forecasts that the strain measurement market is expected to remain the largest segment during the forecast period and it is expected to witness the highest growth over the forecast period due to precise determination of suitable measuring points; bonding with full, half, and quarter bridges and temperature, bending, and centrifugal force compensation are some of the major factors.
“North America will dominate the strain gauge sensor market in near future.”
North America is expected to be the largest region over the forecast period and it is expected to witness the highest growth over the forecast period due to rising demand for low-cost and reliable gas sensor, which is fueling the market for strain gauge sensor in North America.
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Major players of strain gauge sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. HBM, HPI, HYCSYQ, KYOWA, NMB, Piezo-Metrics, TML, and Vishay are among the major strain gauge sensor providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/strain-gauge-sensor-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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