Published Date : Aug 16, 2018
Albany, New York, August 16, 2018: The global thin film sensors market is forecast to remain steady between 2018 and 2026. Despite restrained growth rate, the market is likely to gain from stringent government regulations implemented to ensure workers’ safety. A report, titled “Thin Film Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” predicts the market to witness consistent demand from North America between 2018 and 2026. The report is currently available for sale on MarketResearchReports.biz. It offers a comprehensive market overview of the global thin film sensor market. It covers various factors influencing its strategy besides profiling some of the leading players operating therein to examine the impact of their strategies.
Thin film sensors have superior features such as accuracy, repeatability, flexible designing, better adhesion, and are resistant to rough handling. These features enable thin film sensors to perform effectively in various commercial and industrial applications. In addition, thin film sensors demonstrate better thermal responsiveness compared to conventional film sensors. Hence they are considered more effective for use in miniaturization and integration in electronic circuits. Furthermore, thin film sensors offer better performance even in low-irradiation condition at a quick response time. Spurred by this, their demand is expected to rise around the world.
The report segments the global thin film sensor market based on end user, material, type, and region. In terms of sensor type, the global thin film sensor market was led by temperature thin film sensor in 2017. The report predicts it to remain dominant through the course of the forecast period. The extensive use of temperature thin film sensors in industrial automation, aerospace and defense, and healthcare is expected to boost the global thin film sensor market. Based on material, platinum is forecast to emerge dominant. On the basis of end user, the global thin film sensor market can be segmented into healthcare, consumer electronics, industrial automation, aerospace and defense, automotive, and others. Of these, the demand from healthcare, industrial automation, and consumer electronics segment is rising at an impressive pace.
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Regionally, North America emerged dominant in the global thin film sensor market in 2017. The U.S., as per the report, held the leading share in the market in North America. The presence of leading thin film manufacturers is boosting the market in North America. Besides this, the market will also benefit from the strong demand for portable electronics, advanced devices, and increasing industrialization in the region. According to the report, Asia Pacific and Europe represented a considerable share in the global thin film sensor market in 2017. China and Germany are expected to contribute largest share in revenue generated in the respective regions.
The report also profiles some of the leading companies operating in the global thin film sensor market. This section is dedicated to studying the competitive landscape of the market. Profiles of companies such as Heraeus Sensor Technology GmbH, Gems Sensors & Controls, Inc., Honeywell International Inc., Temperature Specialists, Inc., Innovative Sensor Technology IST AG, United Electric Controls Company, Sensing Devices, Inc., Baumer Group, Vishay Intertechnology, Inc., AMETEK, Inc., and others are therefore included in the report.
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