Global Thin Film Sensor Market Analysis, Trends, Market Size and Forecasts 2016-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 21, 2018--The “Thin Film Sensor Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global thin film sensor market to grow with a CAGR of 3% over the forecast period of 2018-2024.
The report on global thin film sensor market provides qualitative and quantitative analysis for the period of 2016 to 2024.
Thin-film sensors works 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 are 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 pose high risk to workers working in the industries. These toxic and flammable gases may cause various accidents so the continuous monitoring of 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 thin film market over the forecast period. However, inadequate conversion efficiency of thin film sensors is hampering the growth of 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 demand of thin film from the various end use industries, presence of 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.
Global Thin Film Sensor Market by TypeRTD/Temperature Sensor Pressure Sensors Others
Global Thin Film Sensor Market by MaterialPlatinum Nickel And Nickel/Iron Alloy Copper Others
Global Thin Film Sensor Market by End Use IndustryAerospace And Defense Automotive Consumer Electronics Healthcare Industrial Automation Others
Company ProfilesGems Sensors & Controls, Inc. Honeywell International Inc Heraeus Sensor Technology GmbH Innovative Sensor Technology IST AG AMETEK Baumer Group Sensing Devices, Inc. Temperature Specialists, Inc.
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SOURCE: Research and Markets
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PUB: 08/21/2018 03:21 PM/DISC: 08/21/2018 03:21 PM