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.
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.
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.
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.
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.
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.
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.
Please Choose One of them.