The importance of sensors is proven as market recovers and grows

Many industries have suffered through the tough economic times and this has naturally affected the market for sensors and sensing technology, with demand falling in line with the decreased levels of manufacturing and production.

However, a report recently published by market forecaster BCC Research offers an optimistic view, showing that the global market for these products has recovered to $68.2 billion since 2010 and is even expected to continue to grow, reaching $116.1 billion by 2019.

A number of factors have contributed to this growth.  In the UK, these factors include recent government regulations that require all newly manufactured light vehicles to be equipped with electronic stability monitoring systems and tyre pressure monitoring systems. Both these types of monitoring systems rely on the use of sensing technology, therefore increasing the demand for sensors as these regulations come into force.  Another factor that has increased demand for different types of sensing technology include a growth in the production of motor vehicles and machinery.

This is great news for us here at Hansford Sensors, as well as a great indicator for all involved in the market. Sensors are a valuable technology, delivering benefits such as increased efficiency, decreased downtime and maintenance, assured safety, and accurate data for a huge variety of applications.  Hansford Sensors can help you take advantage of all these benefits, offering you a wealth of experience in the design and manufacture of industrial vibration sensors.