Rise in Turnover and Orders Incoming for third quarter
The AMA Association for Sensors and Measurement polls its 460 members quarterly on their economic development. The sensor, measuring, and testing industry had already demonstrated its growth stability in the previous quarters of the current year and is now able to report a rise of five percent in turnover and an increase of two percent in orders incoming for the third quarter.
Thus, the expectations of the AMA members of three percent growth in revenue for the third quarter were exceeded. One contributing factor for these good economic results may be the positive development in machine engineering and construction, which are supplied by 80 percent of the AMA member enterprises.
“Sensors and measurement continue to gain in importance and are the key to innovative technical products,” stated Thomas Simmons, AMA’s general manager. “Just recently, we have published the AMA study ‘Sensor Technologies 2022,’ in which we show trends and developments in the industry for sensors, sensor components, and production technologies. We’re especially excited about the impulses from the consolidation of the rapidly development information and communication technologies.”
The AMA members are counting on the continued digitization of the industry and the opportunities this opens to sensor and measurement technologies. They anticipate an overall growth in revenue, plan on increasing investments, and intend to further expand the workforce.
Sensors and Measurement: Slump in Turnover, While Orders Incoming Rise
After a substantial growth in turnover of nine percent in the first quarter, the AMA members showed a turnover decrease of four percent compared to the previous quarter. A comparison of the turnover development of the second quarter of 2017 with that of the previous year shows that the sensor industry generated a considerable increase in turnover of eight percent.
Based on these results, the sensor and measurement industry is confident, especially in view of the rise in orders incoming of three percent, compared to the result of the orders in the previous quarter. The AMA members are already expecting an increase in turnover of three percent in the third quarter.
“A glance at the results of the poll at first indicate a downturn in the second quarter, but a closer look shows a considerable increase of eight percent in turnover compared the results of the previous year,” explains AMA General Manager Thomas Simons. “Our members are confident and already look forward to a rise of three percent in the third quarter, as the orders incoming are clearly developing positively.”
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.”