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Thin Film Sensor Market (Type - RTD/Temperature Sensor, Pressure Sensors, and Others; Material - Platinum, Nickel and Nickel/Iron Alloy, Copper, and Others; End Use Industry - Aerospace and Defense, Automotive, Consumer Electronics, Healthcare, Industrial Automation, and Others): Global Industry Analysis, Trends, Market Size and Forecasts to 2024

  • Published : July, 2018

  • Rep Id : ICT0161

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Thin Film Sensor Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Thin Film Sensor Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Thin Film Sensor Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on thin film sensor market provides in-depth analysis of segments and sub-segments in global as well as regional thin film sensor market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional thin film sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global thin film sensor market. According to the report the global thin film sensor market is projected to grow at a CAGR of 3% over the forecast period of 2018-2024.

 
Market Insight

Thin-film sensors work on the same principle as strain gauges. The thin film has grid-type resistance structures whose geometric stretching and compression result in a measurable resistance change. The thin film sensor offers various benefits including accuracy, better flexibility, repeatability and several other benefits over the tradition sensors so they are used as a fundamental component in many applications. The thin film sensors provide better thermal responsiveness and it is very much compatible with any electronic circuit as compare to the other film sensors.

 

The various types of flammable and toxic gases are used in industrial processes such as Nitrogen Dioxide and Hydrogen Sulfide. The contact of these chemicals poses a high risk to workers working in the industries. These toxic and flammable gases may cause various accidents so the continuous monitoring of the concentration of these gases is important. The thin film sensors are mainly used to monitor the gases and various chemicals across the gas, and other industries. Rising adoption of thin film sensors in the gas industries owing to the stringent government regulations to ensure worker safety drives the growth of Thin-film sensors market worldwide. In addition, the trending miniaturization of sensors is likely to boost the growth of the thin film market over the forecast period. However, the inadequate conversion efficiency of thin film sensors is hampering the growth of the market. Moreover, rising use of thin film in the consumer electronics and healthcare are projected to create several opportunities in this market in upcoming years.

 

Regionally, North America accounts for the largest share in the thin film, market owing to the rapidly growing the demand of thin film from the various end use industries, presence of the thin film manufactures and rising consumer electronics industries. In addition, stringent government regulations to ensure worker safety and rising awareness about safety and good health are anticipated to boost the market growth in this region.

 

Segment Covered

The report on global thin film sensor market covers segments such as type, material, and end use industry. On the basis of type, the global thin film sensor market is categorized into RTD/temperature sensor, pressure sensors, and others. On the basis of material the global thin film sensor market is categorized into platinum, nickel, and nickel/iron alloy, copper and others. On the basis of end use industry the global thin film sensor market is categorized into aerospace and defense, automotive, consumer electronics, healthcare, industrial automation, and others.

 

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain and Rest of Europe are included in the European region. 


Thin Film Sensor Market


The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.

 

Companies Profiled:

The report provides profiles of the companies in the global thin film sensor market such as Gems Sensors & Controls, Inc., Honeywell International Inc, Heraeus Sensor Technology GmbH, Innovative Sensor Technology IST AG, AMETEK, Baumer Group, Sensing Devices, Inc. and Temperature Specialists, Inc.

 

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global thin film sensor market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of thin film sensor market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the thin film sensor market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the thin film sensor market to understand the present and future trends in this market and formulate their strategies accordingly.


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