Selected research
Market Analysis & Forecast
Global Strain Gage Sensor Market Analysis and Forecast 2026-2032
Market perspective
The global Strain Gage Sensor market is projected to grow from US$ million in 2026 to US$ million by 2032, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
Strain Gage Sensor's global sales reached XX (k units) with a value of US$ XX Million, marking an change of XX% compared to the previous year. This performance has positioned Vishay as the global sales leader, a title it has maintained for several consecutive years. Notably, Vishay's performance in primary markets is also remarkable. In the Chinese market, sales were XX (k units), a change of XX% from the previous year. In Europe, sales were XX (k units), showing a year-on-year of XX%. In the US, sales were XX (k units), a year-on-year change of XX%.
The major global manufacturers in the Strain Gage Sensor market include Vishay, HBM, Durham Instruments, NMB, Zemic, KYOWA, Yiling, HYCSYQ and LCT, etc. In 2025, the top three vendors accounted for approximately % of the revenue.
Read the full market overview
In terms of production side, this report researches the Strain Gage Sensor production, growth rate, market share by manufacturers and by region (region level and country level), from 2021 to 2026, and forecast to 2032.
In terms of consumption side, this report focuses on the sales of Strain Gage Sensor by region (region level and country level), by Company, by Type and by Application. from 2021 to 2026 and forecast to 2032.
This report presents an overview of global market for Strain Gage Sensor, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Strain Gage Sensor, also provides the consumption of main regions and countries. Of the upcoming market potential for Strain Gage Sensor, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Strain Gage Sensor sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Strain Gage Sensor market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Strain Gage Sensor sales, projected growth trends, production technology, application and end-user industry.
Strain Gage Sensor Segment by Company
Vishay
HBM
Durham Instruments
NMB
Zemic
KYOWA
Yiling
HYCSYQ
LCT
Huahailan
Omega
TML
BCM
Piezo-Metrics
Strain Gage Sensor Segment by Type
Resistive
Semiconductor Type
Piezoresistive Type
Inductive
Other
Strain Gage Sensor Segment by Application
Industrial Measurement & Control
Weighing Equipment
Aerospace
Laboratory
Others
Strain Gage Sensor Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Strain Gage Sensor market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Strain Gage Sensor and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Strain Gage Sensor.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Strain Gage Sensor production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Strain Gage Sensor in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 5: Detailed analysis of Strain Gage Sensor manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Strain Gage Sensor sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Resistive
- Semiconductor Type
- Piezoresistive Type
- Inductive
- Other
Applications
- Industrial Measurement & Control
- Weighing Equipment
- Aerospace
- Laboratory
- Others
Companies covered
- Vishay
- HBM
- Durham Instruments
- NMB
- Zemic
- KYOWA
- Yiling
- HYCSYQ
- LCT
- Huahailan
- Omega
- TML
- BCM
- Piezo-Metrics
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Strain Gage Sensor Market by Type
- 1.2.1 Global Strain Gage Sensor Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Resistive
- 1.2.3 Semiconductor Type
- 1.2.4 Piezoresistive Type
- 1.2.5 Inductive
- 1.2.6 Other
- 1.3 Strain Gage Sensor Market by Application
- 1.3.1 Global Strain Gage Sensor Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Industrial Measurement & Control
- 1.3.3 Weighing Equipment
- 1.3.4 Aerospace
- 1.3.5 Laboratory
- 1.3.6 Others
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Strain Gage Sensor Market Dynamics
- 2.1 Strain Gage Sensor Industry Trends
- 2.2 Strain Gage Sensor Industry Drivers
- 2.3 Strain Gage Sensor Industry Opportunities and Challenges
- 2.4 Strain Gage Sensor Industry Restraints
3 Global Strain Gage Sensor Production Overview
- 3.1 Global Strain Gage Sensor Production Capacity (2021-2032)
- 3.2 Global Strain Gage Sensor Production by Region: 2021 VS 2025 VS 2032
- 3.3 Global Strain Gage Sensor Production by Region
- 3.3.1 Global Strain Gage Sensor Production by Region (2021-2026)
- 3.3.2 Global Strain Gage Sensor Production by Region (2027-2032)
- 3.3.3 Global Strain Gage Sensor Production Market Share by Region (2021-2032)
- 3.4 North America
- 3.5 Europe
- 3.6 China
- 3.7 Japan
- 3.8 South Korea
4 Global Market Growth Prospects
- 4.1 Global Strain Gage Sensor Revenue Estimates and Forecasts (2021-2032)
- 4.2 Global Strain Gage Sensor Revenue by Region
- 4.2.1 Global Strain Gage Sensor Revenue by Region: 2021 VS 2025 VS 2032
- 4.2.2 Global Strain Gage Sensor Revenue by Region (2021-2026)
- 4.2.3 Global Strain Gage Sensor Revenue by Region (2027-2032)
- 4.2.4 Global Strain Gage Sensor Revenue Market Share by Region (2021-2032)
- 4.3 Global Strain Gage Sensor Sales Estimates and Forecasts 2021-2032
- 4.4 Global Strain Gage Sensor Sales by Region
- 4.4.1 Global Strain Gage Sensor Sales by Region: 2021 VS 2025 VS 2032
- 4.4.2 Global Strain Gage Sensor Sales by Region (2021-2026)
- 4.4.3 Global Strain Gage Sensor Sales by Region (2027-2032)
- 4.4.4 Global Strain Gage Sensor Sales Market Share by Region (2021-2032)
- 4.5 North America
- 4.6 Europe
- 4.7 China
- 4.8 Asia (Excluding China)
- 4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
- 5.1 Global Strain Gage Sensor Revenue by Manufacturers
- 5.1.1 Global Strain Gage Sensor Revenue by Manufacturers (2021-2026)
- 5.1.2 Global Strain Gage Sensor Revenue Market Share by Manufacturers (2021-2026)
- 5.1.3 Global Strain Gage Sensor Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 5.2 Global Strain Gage Sensor Sales by Manufacturers
- 5.2.1 Global Strain Gage Sensor Sales by Manufacturers (2021-2026)
- 5.2.2 Global Strain Gage Sensor Sales Market Share by Manufacturers (2021-2026)
- 5.2.3 Global Strain Gage Sensor Manufacturers Sales Share Top 10 and Top 5 in 2025
- 5.3 Global Strain Gage Sensor Sales Price by Manufacturers (2021-2026)
- 5.4 Global Strain Gage Sensor Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 5.5 Global Strain Gage Sensor Key Manufacturers Manufacturing Sites & Headquarters
- 5.6 Global Strain Gage Sensor Manufacturers, Product Type & Application
- 5.7 Global Strain Gage Sensor Manufacturers Commercialization Time
- 5.8 Market Competitive Analysis
- 5.8.1 Global Strain Gage Sensor Market CR5 and HHI
- 5.8.2 2025 Strain Gage Sensor Tier 1, Tier 2, and Tier 3
6 Strain Gage Sensor Market by Type
- 6.1 Global Strain Gage Sensor Revenue by Type
- 6.1.1 Global Strain Gage Sensor Revenue by Type (2021-2032) & (US$ Million)
- 6.1.2 Global Strain Gage Sensor Revenue Market Share by Type (2021-2032)
- 6.2 Global Strain Gage Sensor Sales by Type
- 6.2.1 Global Strain Gage Sensor Sales by Type (2021-2032) & (k units)
- 6.2.2 Global Strain Gage Sensor Sales Market Share by Type (2021-2032)
- 6.3 Global Strain Gage Sensor Price by Type
7 Strain Gage Sensor Market by Application
- 7.1 Global Strain Gage Sensor Revenue by Application
- 7.1.1 Global Strain Gage Sensor Revenue by Application (2021-2032) & (US$ Million)
- 7.1.2 Global Strain Gage Sensor Revenue Market Share by Application (2021-2032)
- 7.2 Global Strain Gage Sensor Sales by Application
- 7.2.1 Global Strain Gage Sensor Sales by Application (2021-2032) & (k units)
- 7.2.2 Global Strain Gage Sensor Sales Market Share by Application (2021-2032)
- 7.3 Global Strain Gage Sensor Price by Application
8 Company Profiles
- 8.1 Vishay
- 8.1.1 Vishay Company Information
- 8.1.2 Vishay Business Overview
- 8.1.3 Vishay Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.1.4 Vishay Strain Gage Sensor Product Portfolio
- 8.1.5 Vishay Recent Developments
- 8.2 HBM
- 8.2.1 HBM Company Information
- 8.2.2 HBM Business Overview
- 8.2.3 HBM Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.2.4 HBM Strain Gage Sensor Product Portfolio
- 8.2.5 HBM Recent Developments
- 8.3 Durham Instruments
- 8.3.1 Durham Instruments Company Information
- 8.3.2 Durham Instruments Business Overview
- 8.3.3 Durham Instruments Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.3.4 Durham Instruments Strain Gage Sensor Product Portfolio
- 8.3.5 Durham Instruments Recent Developments
- 8.4 NMB
- 8.4.1 NMB Company Information
- 8.4.2 NMB Business Overview
- 8.4.3 NMB Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.4.4 NMB Strain Gage Sensor Product Portfolio
- 8.4.5 NMB Recent Developments
- 8.5 Zemic
- 8.5.1 Zemic Company Information
- 8.5.2 Zemic Business Overview
- 8.5.3 Zemic Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.5.4 Zemic Strain Gage Sensor Product Portfolio
- 8.5.5 Zemic Recent Developments
- 8.6 KYOWA
- 8.6.1 KYOWA Company Information
- 8.6.2 KYOWA Business Overview
- 8.6.3 KYOWA Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.6.4 KYOWA Strain Gage Sensor Product Portfolio
- 8.6.5 KYOWA Recent Developments
- 8.7 Yiling
- 8.7.1 Yiling Company Information
- 8.7.2 Yiling Business Overview
- 8.7.3 Yiling Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.7.4 Yiling Strain Gage Sensor Product Portfolio
- 8.7.5 Yiling Recent Developments
- 8.8 HYCSYQ
- 8.8.1 HYCSYQ Company Information
- 8.8.2 HYCSYQ Business Overview
- 8.8.3 HYCSYQ Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.8.4 HYCSYQ Strain Gage Sensor Product Portfolio
- 8.8.5 HYCSYQ Recent Developments
- 8.9 LCT
- 8.9.1 LCT Company Information
- 8.9.2 LCT Business Overview
- 8.9.3 LCT Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.9.4 LCT Strain Gage Sensor Product Portfolio
- 8.9.5 LCT Recent Developments
- 8.10 Huahailan
- 8.10.1 Huahailan Company Information
- 8.10.2 Huahailan Business Overview
- 8.10.3 Huahailan Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.10.4 Huahailan Strain Gage Sensor Product Portfolio
- 8.10.5 Huahailan Recent Developments
- 8.11 Omega
- 8.11.1 Omega Company Information
- 8.11.2 Omega Business Overview
- 8.11.3 Omega Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.11.4 Omega Strain Gage Sensor Product Portfolio
- 8.11.5 Omega Recent Developments
- 8.12 TML
- 8.12.1 TML Company Information
- 8.12.2 TML Business Overview
- 8.12.3 TML Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.12.4 TML Strain Gage Sensor Product Portfolio
- 8.12.5 TML Recent Developments
- 8.13 BCM
- 8.13.1 BCM Company Information
- 8.13.2 BCM Business Overview
- 8.13.3 BCM Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.13.4 BCM Strain Gage Sensor Product Portfolio
- 8.13.5 BCM Recent Developments
- 8.14 Piezo-Metrics
- 8.14.1 Piezo-Metrics Company Information
- 8.14.2 Piezo-Metrics Business Overview
- 8.14.3 Piezo-Metrics Strain Gage Sensor Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.14.4 Piezo-Metrics Strain Gage Sensor Product Portfolio
- 8.14.5 Piezo-Metrics Recent Developments
9 North America
- 9.1 North America Strain Gage Sensor Market Size by Type
- 9.1.1 North America Strain Gage Sensor Revenue by Type (2021-2032)
- 9.1.2 North America Strain Gage Sensor Sales by Type (2021-2032)
- 9.1.3 North America Strain Gage Sensor Price by Type (2021-2032)
- 9.2 North America Strain Gage Sensor Market Size by Application
- 9.2.1 North America Strain Gage Sensor Revenue by Application (2021-2032)
- 9.2.2 North America Strain Gage Sensor Sales by Application (2021-2032)
- 9.2.3 North America Strain Gage Sensor Price by Application (2021-2032)
- 9.3 North America Strain Gage Sensor Market Size by Country
- 9.3.1 North America Strain Gage Sensor Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 North America Strain Gage Sensor Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 North America Strain Gage Sensor Price by Country (2021-2032)
- 9.3.4 United States
- 9.3.5 Canada
- 9.3.6 Mexico
10 Europe
- 10.1 Europe Strain Gage Sensor Market Size by Type
- 10.1.1 Europe Strain Gage Sensor Revenue by Type (2021-2032)
- 10.1.2 Europe Strain Gage Sensor Sales by Type (2021-2032)
- 10.1.3 Europe Strain Gage Sensor Price by Type (2021-2032)
- 10.2 Europe Strain Gage Sensor Market Size by Application
- 10.2.1 Europe Strain Gage Sensor Revenue by Application (2021-2032)
- 10.2.2 Europe Strain Gage Sensor Sales by Application (2021-2032)
- 10.2.3 Europe Strain Gage Sensor Price by Application (2021-2032)
- 10.3 Europe Strain Gage Sensor Market Size by Country
- 10.3.1 Europe Strain Gage Sensor Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 10.3.2 Europe Strain Gage Sensor Sales by Country (2021 VS 2025 VS 2032)
- 10.3.3 Europe Strain Gage Sensor Price by Country (2021-2032)
- 10.3.4 Germany
- 10.3.5 France
- 10.3.6 U.K.
- 10.3.7 Italy
- 10.3.8 Russia
- 10.3.9 Spain
- 10.3.10 Netherlands
- 10.3.11 Switzerland
- 10.3.12 Sweden
11 China
- 11.1 China Strain Gage Sensor Market Size by Type
- 11.1.1 China Strain Gage Sensor Revenue by Type (2021-2032)
- 11.1.2 China Strain Gage Sensor Sales by Type (2021-2032)
- 11.1.3 China Strain Gage Sensor Price by Type (2021-2032)
- 11.2 China Strain Gage Sensor Market Size by Application
- 11.2.1 China Strain Gage Sensor Revenue by Application (2021-2032)
- 11.2.2 China Strain Gage Sensor Sales by Application (2021-2032)
- 11.2.3 China Strain Gage Sensor Price by Application (2021-2032)
12 Asia (Excluding China)
- 12.1 Asia Strain Gage Sensor Market Size by Type
- 12.1.1 Asia Strain Gage Sensor Revenue by Type (2021-2032)
- 12.1.2 Asia Strain Gage Sensor Sales by Type (2021-2032)
- 12.1.3 Asia Strain Gage Sensor Price by Type (2021-2032)
- 12.2 Asia Strain Gage Sensor Market Size by Application
- 12.2.1 Asia Strain Gage Sensor Revenue by Application (2021-2032)
- 12.2.2 Asia Strain Gage Sensor Sales by Application (2021-2032)
- 12.2.3 Asia Strain Gage Sensor Price by Application (2021-2032)
- 12.3 Asia Strain Gage Sensor Market Size by Country
- 12.3.1 Asia Strain Gage Sensor Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 Asia Strain Gage Sensor Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 Asia Strain Gage Sensor Price by Country (2021-2032)
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 India
- 12.3.7 Australia
- 12.3.8 Taiwan
- 12.3.9 Southeast Asia
13 South America, Middle East and Africa
- 13.1 SAMEA Strain Gage Sensor Market Size by Type
- 13.1.1 SAMEA Strain Gage Sensor Revenue by Type (2021-2032)
- 13.1.2 SAMEA Strain Gage Sensor Sales by Type (2021-2032)
- 13.1.3 SAMEA Strain Gage Sensor Price by Type (2021-2032)
- 13.2 SAMEA Strain Gage Sensor Market Size by Application
- 13.2.1 SAMEA Strain Gage Sensor Revenue by Application (2021-2032)
- 13.2.2 SAMEA Strain Gage Sensor Sales by Application (2021-2032)
- 13.2.3 SAMEA Strain Gage Sensor Price by Application (2021-2032)
- 13.3 SAMEA Strain Gage Sensor Market Size by Country
- 13.3.1 SAMEA Strain Gage Sensor Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 13.3.2 SAMEA Strain Gage Sensor Sales by Country (2021 VS 2025 VS 2032)
- 13.3.3 SAMEA Strain Gage Sensor Price by Country (2021-2032)
- 13.3.4 Brazil
- 13.3.5 Argentina
- 13.3.6 Chile
- 13.3.7 Colombia
- 13.3.8 Peru
- 13.3.9 Saudi Arabia
- 13.3.10 Israel
- 13.3.11 UAE
- 13.3.12 Turkey
- 13.3.13 Iran
- 13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
- 14.1 Strain Gage Sensor Value Chain Analysis
- 14.1.1 Strain Gage Sensor Key Raw Materials
- 14.1.2 Raw Materials Key Suppliers
- 14.1.3 Manufacturing Cost Structure
- 14.1.4 Strain Gage Sensor Production Mode & Process
- 14.2 Strain Gage Sensor Sales Channels Analysis
- 14.2.1 Direct Comparison with Distribution Share
- 14.2.2 Strain Gage Sensor Distributors
- 14.2.3 Strain Gage Sensor Customers
15 Concluding Insights
16 Appendix
- 16.1 Reasons for Doing This Study
- 16.2 Research Methodology
- 16.3 Research Process
- 16.4 Authors List of This Report
- 16.5 Data Source
- 16.5.1 Secondary Sources
- 16.5.2 Primary Sources
- 16.6 Disclaimer
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