Global Semiconductor Strain Gauge Sensors Market: How Top Leading Companies Realize This Smart Strategy

Global Semiconductor Strain Gauge Sensors Market
Strain gauge sensors are used to detect or measure strain in an object. They are of five types: optical, semiconductors, photoelectric, thin-film, and diffused semiconductor strain gauge sensors. The semiconductor strain gages depend on piezoresistive effects of germanium or silicon and are used to measure resistance change. They are used in survey of static measurement or stress distribution for machinery, bridges, ships, and aviation. The global semiconductor strain gauge sensors market is expected to reach US$ 33.5 million by the year 2025.
 
 Increasing number of chemical, biotechnology, metal, food, and material industries is one of the major factors driving growth of the global semiconductor strain gauge sensors market. For instance, according to the American Chemistry Council, the chemical industry in the U.S. is expected to grow by 3% in 2020. Increasing focus on obtaining greater sensitivity and higher level output provided by semiconductor strain gauge sensors are also contributing in the market growth. Moreover, rising technological advancements and use of sensors in printing, mining, and oil & gas sectors are likely to increase the market growth.
 
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 Restraints:
Designing as well as installation complexities are the major factors hampering growth of the global semiconductor strain gauge sensors market.
 
Regional Analysis:
North America dominates the global semiconductor strain gauge sensors market due to its rising demand for reliable and low-cost gas sensors. Asia Pacific follows the lead of North America with China leading the market due to its technological advancements in industrial and automotive sectors. For instance, in May 2020, the Chinese automotive market grew by 15.9%, according to the data by China Association of Automobile Manufacturers (CAAM). India, South Korea, Japan, and Taiwan are also considered as emerging markets.
 
Competitive Section:
The key players of the global semiconductor strain gauge sensors market are Micron Instruments, BCM Sensor, HT Sensor, and Kyowa.
In May 2019, BCM Sensor developed a full-bridge semiconductor strain gauge of miniature footprint for force measurement.
In August 2018, Micron Instruments launched their Miniature Medical Implantable Wireless Sensing using p-doped semiconductor strain gauge.
 
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