As innovations in testing methods are improving in a rapid phase, the development of sensors used in test and measurement applications is equally seeing a good growth. Business consulting firm, Frost & Sullivan (News - Alert), revealed a new analysis, “Sensors in Test and Measurement,” that indicated the market to reach $1.53 billion in 2020.
The indication shows a clear jump in revenue from what the market earned in 2013, which was $1.10 billion.
"As product design and development become more complex, the need for highly accurate, sophisticated sensors for test and measurement applications will increase," Sankara Narayanan, measurement and instrumentation senior industry analyst at Frost & Sullivan, said in a statement.
According to Frost & Sullivan;
- The aerospace and defence as well as automotive industries will generate the maximum revenue due to the large number of applications involved, and the high cost of sensors used.
- The installation of wind turbines, owing to the intensifying focus on renewable energy, will present opportunities for sensors in testing wind turbines.
- Product testing in consumer electronics is another avenue that promises high growth.
- The shift to smaller, lighter structures will also drive the demand for smaller, lighter electronic components, including sensors.
However, the analyst feels that innovations in core sensor technologies need to gear up to keep pace with developments in other areas such as instrumentation and sensor packaging. Also, to expand market scope, it is necessary to have the desired experience to meet the requirements of demanding test and measurement end market and develop easy-to-use, and dedicated sensor solutions, says the analyst.
“Moreover, sensors used in test and measurements are put to extreme working conditions involving high temperature and pressure,” noted Sankara Narayanan. “Therefore, manufacturers must be able to deliver both on-site and local technical, repair and calibration services to stamp their authority in the global market.”
The analyst has also highlighted the need to offer a wide configuration of sensors to support multiple applications.
Sensors in Test and Measurement is part of the Sensors & Instrumentation Growth Partnership Service program.
Edited by Adam Brandt