Sensor & measurement industry growing slowly but steadily

The AMA polled its 480 members, finding that, on the whole, the enterprises generated the same revenues as in the previous quarter. Comparing the third quarter of this year with the result of the previous year, the sector achieved a gain in revenue of 7%.

With an increase of 2% in incoming orders, compared to the results of the previous quarter, the sensor and measurement industry's outlook for the overall annual results are positive.

According to the statistics of the German Federal Ministry of Economics and Technology, the German industry is presently going through a lull, as incoming orders are stabilising. The Ministry sees the reason for this in the difficult foreign trade environment. Based on its current results, the sensor and measuring sector is thus a stable part of the general market development.

“Based on the current quarter's results and the outlook to an annual growth of 7%, our sector of industry is looking at a positive fiscal year, despite the cautious prognosis for the German industry as a whole,” says Thomas Simmons, General Manager, AMA, summarising the current results.

“The results of our polls confirm the importance of sensing and measuring as basic technologies for today’s technical challenges. Our member enterprises supply all of industry, thus reflecting its economic development with a usually slightly more positive trend. We remain confident, our branch of industry is investing 10% of its revenue in research and development, the globe is being networked and getting smarter every day. Thus there is an ever increasing demand for innovative sensors and measuring systems,” concludes Simmons, explaining the continued positive mood in the sensor and measuring industry.