Sensor and Measuring Industry Clearly Rises in First Quarter
Sensor and measuring industry generates nine percent more revenue in first quarter and books a plus of ten percent in orders incoming.
The AMA Association for Sensors and Measurement polls its 460 members every quarter on the economic development. After a solid growth of four percent in the previous year, the sensor industry was able to generate a marked growth of a further nine percent. Orders incoming were boosted by ten percent compared to the previous quarter.
Thus, the sensor and measurement industry proves to be a strong growth sector. Moreover, sensor and measuring technology reflects the development of the German economy, which was also invigorated in the fourth quarter of 2016 and then continued to rise considerably in the first quarter of 2017.
The sensor and measurement industry currently profits extensively from the increasing digitalization of the industry at large. There is a demand for more and more intelligent linking of different sensor data with application-relevant information. This could be GPS positioning, utilization of WLAN, or model-based knowledge on a given process. Sensors with intelligent algorithms decide autonomously in running operations, what measuring results need to be communicated. Digitalization of the industry creates opportunities particularly for the small and medium sized enterprises in the sensor and measurement industry, not least by the expansion of their own value chain.
“Sensor, measuring, and testing technology has proven to be a stable growth sector over the last years. With a turnover result for the first quarter of 2017 of nine percent and an increase of ten percent in orders incoming, our member enterprises already exceed the forecast five percent growth,” summarizes Thomas Simmons, AMA’s managing director. “This gratifying economic development makes the relevance of sensors and measurement for modern industry tangible. The results of the first quarter are beyond the average of the recent years. We can look forward to a continued development of the market. Our members also reckon with a growth in revenue of approximately four percent for the current quarter.”