Sensors and Measurement Stay on Growth Course
The sensor and measuring industry wound up last year with a three-percent revenue increase and a stabilized export quota. The sensor industry is investing heavily in research and development and also expects a continued need for further personnel.
The AMA Association for Sensors and Measurement (AMA) polled its members on the economic development in the year 2013. The sensor and measuring industry looks back on an overall positive business year and is counting on a continued positive development for the current year.
The annual revenue of the sensor industry shows a growth of three percent, compared with the results of the previous year. Thus, sensor and measuring technology is evidently in a better position as the manufacturing industry. The latter had to bear a drop in revenue of 0.2 percent in 2013, according to Destatis, the German Federal Statistical Office. Asked about their outlook for the current year, the AMA members anticipate a continued, distinct growth in turnover of seven percent.
The sensor and measurement industry proved to be exemplary in research and development. The generally small and medium-sized enterprises invest ten percent of their revenue in research and development.
The AMA members’ export quota stabilized at 40 percent overall, the level of the previous year. Exports to other European countries rose by three percent to an overall 25 percent. The export quota to countries outside Europe dropped by two percent to 17 percent in all.
The sensor and measuring industry is investing and has augmented investments last year by an additional three percent. For the current business year 2014, AMA members reckon with an increase in investments of eight percent. This development also affects a growing demand for personnel, which rose by two percent last year.
“The business expectations of our members point to growth,” says Thomas Simmons, Managing Director of the AMA Association for Sensors and Measurement, summarizing the evaluation. “Characteristics, such as precision, longevity, and efficiency define the quality of processes and products. An ‘Industry 4.0’ can’t be implemented without intelligent sensors and measuring technology. That’s one of the reasons for our branch of industry to look forward to the current business year with confidence.”
Conclusion: The sensor and measuring industry is expanding and continues to be optimistic. The AMA members predict a growth in revenue of seven percent for this year and a slight rise in the export quota. Sensor and measuring technology is investing heavily in research and development and counting with a further increase in personnel.