Sensor and measuring industry expands

The AMA Association for Sensors and Measurement (AMA) has polled its members on economic development in the year 2013. The annual revenue of the sensor industry shows a growth of 3%, compared with the results of the previous year. Asked about their outlook for the current year, the AMA members anticipate a continued, distinct growth in turnover of 7%.

The sensor and measurement industry proved to be exemplary in research and development; and small and medium-sized enterprises invested 10% of their revenue in research and development.

The AMA members’ export quota stabilised at 40% overall, the level of the previous year. Exports to other European countries rose by 3% to an overall 2%. The export quota to countries outside Europe dropped by 2% to 17%.

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 an increase in investments of 8%. This development also affects a growing demand for personnel, which rose by two percent last year.

Thomas Simmons, managing director of the AMA Association for Sensors and Measurement commented: “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.”