Load Monitoring System Market by Offering (Load Cell, Indicator & Controller, Data Logging Software), Technology (Analog, Digital), Industry (Automotive, Healthcare, Marine, Construction), and Geography - Global Forecast to 2024

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Date: 25-Jan-2019
No. of pages: 142
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“Load monitoring system market to exhibit significant growth during 2018–2024”

The load monitoring system market is estimated to grow from USD 2.6 billion in 2018 to USD 3.3 billion by 2024, at a CAGR of 4.0% during the forecast period. The key factors driving the growth of the market include rise in demand for load monitoring system in healthcare, increase in use of load monitoring system for testing and monitoring aircraft parts, decline in instrumental errors owing to technological innovations in load cells, and increase in demand for remote load monitoring. However, compliance with various standards and complex manufacturing process are the key restraining factors for the market growth.

“Indicator and controller to witness high growth potential during forecast period”

The market for indicator and controller is expected to grow at the highest CAGR from 2018 to 2024. The indicators and controllers are basically display units that display the readings and data collected by the load cells. The critical industrial applications are expected to create growth opportunities for load cell indicators and controllers. The load indicator and controller facilitate in increasing process control with ease of operation and enhance workers’ safety. In addition, the growing adoption of Industrial IoT and automation is expected to increase the demand for load cell indicators and controllers. The indicators and controllers play a major role in the load monitoring system as they help the users to understand the load measurements and carry out the further activities.

“Market for digital load monitoring system to grow at higher CAGR during forecast period“

The digital load monitoring system market is estimated to grow at a higher CAGR from 2018 to 2024. Analog load cells can show errors owing to the number of environmental discrepancies, As a solution, a number of manufacturers have inbuilt A/D converter to the load cells, thereby eliminating the disturbance due to use of connecting wires between strain gauge and A/D converter. Factors such as increased digitization, Iota option, higher accuracy, and digital load cell durability are fuelling the digital load monitoring system market. Furthermore, the rising demand for precision weighing in heavy lifting applications is expected to drive the growth of the digital load monitoring system market.

Load monitoring system market for healthcare to grow at highest CAGR during forecast period”

The load monitoring system market for the healthcare industry is expected to grow at the highest CAGR from 2018 to 2024. The development in technology and functionality of medical devices and digitization in healthcare operations are the factors fuelling the growth of load cells in the healthcare industry. The use of load monitoring system plays a vital role in R&D process of pharmaceutical manufacturing as scientists have to precisely weigh chemicals and substance samples. One of the major applications of load cell is prosthetics. The load cells used in prosthetics are sensitive, reliable, and durable, and are used for detecting minute changes in the load. Further, load cells are expected to be used in several applications, including a wide range of preventive medical equipment, in the coming year.

“Europe to be largest market for load monitoring system during forecast period”

Europe is expected to lead the load monitoring system market, in terms of size, from 2018 to 2024. The load monitoring system market in Europe is mainly concentrated in Western Europe with countries including Germany, the UK, and France. The presence of a large manufacturing base of automotive and aerospace industries that cater to material handling activities drives the demand for load monitoring system in Europe. The pharmaceuticals industry is among the major contributors to the growth of the European economy. According to the IMS Health Data (MIDAS, May 2017), Europe accounted for 21.5% of the world pharmaceuticals sales in 2016. Major pharmaceutical companies such as Accord, Novo Nordisk, Sanofi, Novartis, Roche, and Bayer have their manufacturing facilities setup in this region. These companies are expected to increasingly adopt advanced and customized load monitoring systems for meeting their pharmaceuticals manufacturing demands.

Break-up of the profile of primary participants for the report is given below:


  • By Company Type –Tier 1 – 42%, Tier 2 – 36% and Tier 3 – 22%

  • By Designation – C level – 35%, Director level – 41%, Manager level – 24%

  • By Region– North America - 21%, Europe – 32%, APAC – 42%, RoW – 5%


The key players in the market include Flintec (Sweden), Mettler Toldo (Switzerland), Precia Molen (France), Spectris (UK), Vishay Precision Group (US), Dynamic Load Monitoring (UK), JCM Load Monitoring (UK), LMC Systems (UK), Load Monitoring Systems (UK), Straightpoint (UK), Wirop Industrial (Taiwan), Eilersen Electric Digital Systems (Denmark), Euroload (UK), Futek Advanced Sensor Technology (US), Mantracourt Electronics (UK), PCE Deutschland (Germany), Standard Loadcells (India), Strainsert (US), Tecsis (Germany), and Thames Side Sensors (UK).

The global load monitoring system market has been segmented on the basis of offering, technology, industry, and geography. The market, by offering, has been segmented into load cell, indicator and controller, and data logging software. Based on technology, the load monitoring system market has been split into analog and digital. The industries that are included in the study of load monitoring system market include automotive, marine, construction, food & beverages, aerospace, oil & gas, healthcare, and agriculture. The load monitoring system market is segmented into 4 regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

Reasons to buy the report:


  • Illustrative segmentation, analysis, and forecast for markets based on offering, technology, industry, and region have been conducted to give an overall view of the load monitoring system market.

  • The value chain analysis has been performed to provide an in-depth insight into the load monitoring system market.

  • Major drivers, restraints, opportunities, and challenges for the load monitoring system market have been detailed in this report.

  • The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.

Load Monitoring System Market by Offering (Load Cell, Indicator & Controller, Data Logging Software), Technology (Analog, Digital), Industry (Automotive, Healthcare, Marine, Construction), and Geography - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Scope of the Study
1.3.1 Market Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.3 Secondary & Primary Research
2.1.3.1 Key Industry Insights
2.1.3.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Load Monitoring System Market, 2018–2024 (USD Billion)
4.2 Load Monitoring System Market, By Offering
4.3 Load Monitoring System Market, By Technology
4.4 Load Monitoring System Market, By Industry
4.5 Load Monitoring System Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Demand for LMS in Healthcare
5.2.1.2 Increase in Use of LMS for Testing and Monitoring Aircraft Parts
5.2.1.3 Decline in Instrumental Errors Owing to Technological Innovations in Load Cells
5.2.1.4 Increase in Demand for Remote Load Monitoring
5.2.2 Restraints
5.2.2.1 Compliance With Various Standards
5.2.2.2 Complex Manufacturing Process
5.2.3 Opportunities
5.2.3.1 Rise in Demand for Digital Load Cells
5.2.3.2 Increase in Demand for Customized Load Monitoring System
5.2.4 Challenges
5.2.4.1 Entry Barriers for New Vendors From International Players
5.2.4.2 Volatility in Demand for LMS
5.3 Value Chain Analysis

6 Load Monitoring System Market, By Offering
6.1 Introduction
6.2 Load Cell
6.2.1 Single Beam Load Cell
6.2.2 S-Type Load Cell
6.2.3 Dual Shear Load Cell
6.2.4 Bending Beam Load Cell
6.2.5 Others
6.2.5.1 Compression Load Cell
6.2.5.2 Load Link
6.2.5.3 Load Pin
6.2.5.4 Load Shackle
6.3 Indicator and Controller
6.4 Data Logging Software

7 Load Monitoring System Market, By Technology
7.1 Introduction
7.2 Analog
7.3 Digital
7.4 Difference Between Analog and Digital Load Cell

8 Load Monitoring System Market, By Industry
8.1 Introduction
8.2 Automotive
8.2.1 Increasing Competition in Automotive Industry Compelling Players to Follow Safety and Quality Standards
8.3 Marine
8.3.1 Increasing Globalization Led to Shipbuilding Industry Growth
8.4 Construction
8.4.1 Construction Industry Growth Fuelled By Ever-Increasing Population
8.5 Food & Beverages
8.5.1 Increase in Automation in F&B Industry Propelling LMS Market Growth
8.6 Aerospace
8.6.1 Globalization Led to Increase in Airline Passengers Fuelling Demand for Aircrafts
8.7 Oil & Gas
8.7.1 Harsh Environmental Conditions at Oil & Gas Exploration Sites Fuelling Demand for LMS
8.8 Healthcare
8.8.1 Development in Medical Technology Supporting LMS Market Growth
8.9 Agriculture
8.9.1 Increasing Adoption of Automation in Agriculture Indusry Fuelling Demand for LMS

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Presence of Heavy Industries Supports LMS Market Growth in US
9.2.2 Canada
9.2.2.1 Manufacturing Industry in Canada Propels LMS Market Growth
9.2.3 Mexico
9.2.3.1 Increasing Medical Device Manufacturing Supports LMS Market Growth
9.3 Europe
9.3.1 Germany
9.3.1.1 Automotive and Shipbuilding Industry in Germany is Among Major End Users of LMS
9.3.2 UK
9.3.2.1 F&B and Oil & Gas Industries Drive LMS Market Growth in UK
9.3.3 France
9.3.3.1 Industrial Manufacturing Sector Propels LMS Market Growth in France
9.3.4 Rest of Europe
9.3.4.1 Rising Number of Manufacturing Facilities and High Safety Standards Propel LMS Market Growth in Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 Rapidly Growing Industrial Manufacturing Along With Agriculture Industry Propels LMS Market Growth in China
9.4.2 Japan
9.4.2.1 Highly Advanced Automotive Industry Keeps Steady Demand for LMS in Japan
9.4.3 India
9.4.3.1 Rising Investments in Automotive Industry Propel Demand for LMS in India
9.4.4 Rest of APAC
9.4.4.1 Increasing Automation in Industrial Manufacturing Supports LMS Market Growth in Rest of APAC
9.5 RoW
9.5.1 South America
9.5.1.1 Developing Economies of South America Drive Demand for LMS in Manufacturing Sector
9.5.2 Middle East
9.5.2.1 Oil & Gas and Marine Industries are Major Drivers of LMS Market in Middle East
9.5.3 Africa
9.5.3.1 Agriculture and Automotive Markets Drive LMS Market Growth in Africa

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Players in Load Monitoring System Market
10.3 Microquadrant Overview
10.3.1 Visionaries
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.3.5 Strength of Product Portfolio Adopted By Major Players in Load Monitoring System Market
10.3.6 Business Strategy Excellence Adopted By Major Players in Load Monitoring System Market
10.4 Competitive Situations & Trends
10.4.1 Product Launches
10.4.2 Expansions
10.4.3 Contracts and Partnerships
10.4.4 Mergers and Acquisitions

11 Company Profiles
11.1 Key Players
11.1.1 Flintec
11.1.1.1 Business Overview
11.1.1.2 Products Offered
11.1.1.3 Recent Developments
11.1.1.4 SWOT Analysis
11.1.1.5 MnM View
11.1.2 Mettler Toledo
11.1.2.1 Business Overview
11.1.2.2 Products Offered
11.1.2.3 Recent Developments
11.1.2.4 SWOT Analysis
11.1.2.5 MnM View
11.1.3 Precia Molen
11.1.3.1 Business Overview
11.1.3.2 Products Offered
11.1.3.3 Recent Developments
11.1.3.4 SWOT Analysis
11.1.3.5 MnM View
11.1.4 Spectris
11.1.4.1 Business Overview
11.1.4.2 Products Offered
11.1.4.3 Recent Developments
11.1.4.4 SWOT Analysis
11.1.4.5 MnM View
11.1.5 Vishay Precision Group
11.1.5.1 Business Overview
11.1.5.2 Products Offered
11.1.5.3 Recent Developments
11.1.5.4 SWOT Analysis
11.1.5.5 MnM View
11.1.6 Dynamic Load Monitoring
11.1.6.1 Business Overview
11.1.6.2 Products and Services Offered
11.1.6.3 Recent Developments
11.1.6.4 MnM View
11.1.7 JCM Load Monitoring
11.1.7.1 Business Overview
11.1.7.2 Products Offered
11.1.7.3 Recent Developments
11.1.7.4 MnM View
11.1.8 LCM Systems
11.1.8.1 Business Overview
11.1.8.2 Products Offered
11.1.8.3 Recent Developments
11.1.8.4 MnM View
11.1.9 Load Monitoring Systems
11.1.9.1 Business Overview
11.1.9.2 Products and Services Offered
11.1.9.3 Recent Developments
11.1.9.4 MnM View
11.1.10 Straightpoint
11.1.10.1 Business Overview
11.1.10.2 Products Offered
11.1.10.3 Recent Developments
11.1.10.4 MnM View
11.1.11 Wirop Industrial
11.1.11.1 Business Overview
11.1.11.2 Products Offered
11.1.11.3 Recent Developments
11.1.11.4 MnM View
11.2 Other Key Players
11.2.1 Eilersen Electric Digital Systems
11.2.2 Euroload
11.2.3 Futek Advanced Sensor Technology
11.2.4 Mantracourt Electronics
11.2.5 Pce Deutschland
11.2.6 Standard Loadcells
11.2.7 Strainsert
11.2.8 Tecsis
11.2.9 Thames Side Sensors

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables

Table 1 Load Monitoring System Market, By Offering, 2015–2024 (USD Million)
Table 2 Load Cell Market, By Type, 2015–2024 (USD Million)
Table 3 Load Monitoring System Market, By Technology, 2015–2024 (USD Million)
Table 4 Analog Load Monitoring System Market, By Region, 2015–2024 (USD Million)
Table 5 Digital Load Monitoring System Market, By Region, 2015–2024 (USD Million)
Table 6 Difference Between Analog and Digital Load Cell
Table 7 Load Monitoring System Market, By Industry, 2015–2024 (USD Million)
Table 8 Load Monitoring System Market for Automotive Industry, By Technology, 2015–2024 (USD Million)
Table 9 Load Monitoring System Market for Automotive Industry, By Region, 2015–2024 (USD Million)
Table 10 Load Monitoring System Market for Marine Industry, By Technology, 2015–2024 (USD Million)
Table 11 Load Monitoring System Market for Marine Industry, By Region, 2015–2024 (USD Million)
Table 12 Load Monitoring System Market for Construction Industry, By Technology, 2015–2024 (USD Million)
Table 13 Load Monitoring System Market for Construction Industry, By Region, 2015–2024 (USD Million)
Table 14 Load Monitoring System Market for Food & Beverages Industry, By Technology, 2015–2024 (USD Million)
Table 15 Load Monitoring System Market for Food & Beverages Industry, By Region, 2015–2024 (USD Million)
Table 16 Load Monitoring System Market for Aerospace Industry, By Technology, 2015–2024 (USD Million)
Table 17 Load Monitoring System Market for Aerospace Industry, By Region, 2015–2024 (USD Million)
Table 18 Load Monitoring System Market for Oil & Gas Industry, By Technology, 2015–2024 (USD Million)
Table 19 Load Monitoring System Market for Oil & Gas Industry, By Region, 2015–2024 (USD Million)
Table 20 Load Monitoring System Market for Healthcare Industry, By Technology, 2015–2024 (USD Million)
Table 21 Load Monitoring System Market for Healthcare Industry, By Region, 2015–2024 (USD Million)
Table 22 Load Monitoring System Market for Agriculture Industry, By Technology, 2015–2024 (USD Million)
Table 23 Load Monitoring System Market for Agriculture Industry, By Region, 2015–2024 (USD Million)
Table 24 Load Monitoring System Market, By Region, 2015–2024 (USD Million)
Table 25 Load Monitoring System Market in North America, By Country, 2015–2024 (USD Million)
Table 26 Load Monitoring System Market in North America, By Technology, 2015–2024 (USD Million)
Table 27 Load Monitoring System Market in Europe, By Country, 2015–2024 (USD Million)
Table 28 Load Monitoring System Market in Europe, By Technology, 2015–2024 (USD Million)
Table 29 Load Monitoring System Market in APAC, By Country, 2015–2024 (USD Million)
Table 30 Load Monitoring System Market in APAC, By Technology, 2015–2024 (USD Million)
Table 31 Load Monitoring System Market in RoW, By Country, 2015–2024 (USD Million)
Table 32 Load Monitoring System Market in RoW, By Technology, 2015–2024 (USD Million)
Table 33 Product Launches, 2018
Table 34 Expansions, 2017–2018
Table 35 Contract and Partnerships, 2017–2018
Table 36 Merger and Acquisition, 2016–2018

List of Figures

Figure 1 Load Monitoring System Market Segmentation
Figure 2 Load Monitoring System Market: Research Design
Figure 3 Bottom-Up Approach to Arrive at Market Size
Figure 4 Top-Down Approach to Arrive at Market Size
Figure 5 Data Triangulation
Figure 6 Assumptions of Research Study
Figure 7 Load Monitoring System Market Segmentation
Figure 8 Load Cell to Hold Largest Size of Load Monitoring System Market in 2018
Figure 9 Analog Technology to Hold Larger Share of Load Monitoring System Market in 2018
Figure 10 Load Monitoring System Market for Healthcare Industry to Grow at Highest CAGR During Forecast Period
Figure 11 Europe to Hold Largest Share of Load Monitoring System Market in 2018
Figure 12 Growth in Healthcare Industry to Boost Load Monitoring System Market
Figure 13 Load Cells to Account Highest Share of Load Monitoring System Market From 2018 to 2024
Figure 14 Digital Technology to Grow at A Higher CAGR From 2018 to 2024
Figure 15 Automotive Industry to Hold Largest Share of Overall Market in 2018
Figure 16 US to Hold Largest Share of Load Monitoring System Market in 2018
Figure 17 DROC: Load Monitoring System Market, 2018
Figure 18 Major Value Added During Manufacturing and Assembly Stage
Figure 19 Market Segmentation, By Offering
Figure 20 Load Cell to Hold Largest Size of Load Monitoring System Market During Forecast Period
Figure 21 Single Beam Load Cell
Figure 22 S-Type Load Cell
Figure 23 Dual Shear Load Cell
Figure 24 Bending Beam Load Cell
Figure 25 Compression Load Cell
Figure 26 Load Link
Figure 27 Load Pin
Figure 28 Load Shackle
Figure 29 Market Segmentation, By Technology
Figure 30 Analog Technology to Hold Larger Size of Load Monitoring System Market During Forecast Period
Figure 31 Load Monitoring System Market, By Industry
Figure 32 Analog Technology to Lead Load Monitoring System Market for Automotive Industry During Forecast Period
Figure 33 North America to Hold Largest Size of Load Monitoring System Market for Food & Beverages Industry From 2018 to 2024
Figure 34 RoW to Hold Largest Size of Load Monitoring System Market for Oil & Gas Industry From 2018 to 2024
Figure 35 APAC to Lead Load Monitoring System Market for Agriculture Industry From 2018 to 2024
Figure 36 Load Monitoring System Market in India to Grow at Highest CAGR During Forecast Period
Figure 37 North America: Snapshot of Load Monitoring System Market
Figure 38 US to Hold Largest Size of Load Monitoring System Market in North America From 2018 to 2024
Figure 39 Europe: Snapshot of Load Monitoring System Market
Figure 40 Renewable Energy Planned Capacity in France, By Source, 2023
Figure 41 APAC: Snapshot of Load Monitoring System Market
Figure 42 China to Hold Largest Size of Load Monitoring System Market in APAC During Forecast Period
Figure 43 RoW: Snapshot of Load Monitoring System Market
Figure 44 Product Launches Emerged as Key Growth Strategy Adopted By Players in Load Monitoring System Market From 2016 to 2018
Figure 45 Ranking of Top 5 Players in Load Monitoring System Market, 2017
Figure 46 Load Monitoring System Market (Global) Competitive Leadership Mapping, 2018
Figure 47 Market Evolution Framework: Product Launches Fueled Growth of Load Monitoring System Market During 2016–2018
Figure 48 Prodct Launches Was the Key Strategy From 2016 to 2018
Figure 49 Mettler Toledo: Company Snapshot
Figure 50 Precia Molen: Company Snapshot
Figure 51 Spectris: Company Snapshot
Figure 52 Vishay Precision Group: Company Snapshot

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