The report on the global Force Sensor market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.
The global force sensor market is expected to increase to an estimated value of over USD 2.5 billion by the end of 2023 and witness a CAGR of 6% during the forecast period of 2017 to 2023. Rapidly increasing demand from various industry verticals such as retail, automotive, consumer electronics and others have prompted several market leaders to invest in the market thus facilitating growth. One of the most significant end-user industries that use force sensors is the automotive industry and is a principal driver of growth for the global force sensor market.
The Force sensor are used in various industrial applications especially in the process industries and manufacturing industries. It is utilised in traffic engineering such as rail monitoring, process monitoring, process control, medical science and biomechanics and also used for testing purposes. Force sensor is a type of sensing resistor by which the resistance fluctuates when an external force, pressure or mechanical stress is applied. Thus, the force sensors are also called as Force Sensing Resistor sensor. The FSR are sensors allows to help in determining the weight and physical pressure. They are very convenient and cost-efficient device. The FSRs are manufactured on the basis of piezoresistive principles which offers low manufacturing cost, which are extensively used in medical equipment. Additionally, surging demand for force sensor for automated robots where force control are required for safety and comfort in human or robot interactions especially for medical robotics applications are expected to drive the growth of the force sensor market over the forecast period.
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Major Key Players
- TE Connectivity Ltd. (Switzerland),
- Freescale Semiconductor Inc. (U.S.),
- ATI Industrial Automation Inc. (U.S.),
- General Electric (U.S.),
- Innovative Sensor Technology IST AG (Germany),
- Tekscan Inc. (U.S.),
- Sensata Technologies Inc. (U.S.),
- Spectris PLC (U.K.),
- Honeywell International Inc. (U.S),
- Infineon Technologies AG (Germany)
And others are profiled in MRFR Analysis and are at the forefront of competition in the global Force Sensor market.
According to MRFR, The Force Sensor Market is growing rapidly over 6% of CAGR and is expected to reach at approx. USD 2.95 Billion by the end of forecast period.
Latest Industry News
To meet growing demands, Forsentek Co. Limited has launched a new range of weight sensors, force sensors, and force transducers. The range has added features which include the use of stainless steel so that the products do not experience corrosion or rusting.
Apple Inc has been successfully granted 44 new patents including one for its force-sensing pencil.
The global force sensor market has been segmented on the basis of technology type, application, verticals, and region. By technology type, the market has been segmented into optical force sensor, piezo resistive force sensor, piezo electric force sensor, capacitive force sensor, magnetic force sensor, ultrasonic force sensor, electrochemical force sensor, strain gauges, and load cell sensors.
By application, the market has been segmented into traffic engineering, process monitoring, biomedical, control monitoring, measuring equipment, and others.
By verticals, the market has been segmented into aerospace & defense, medical & pharmaceuticals, manufacturing, agriculture, printing & packaging, industrial, automotive and others.
By region, the global market has been divided into North America, Europe, the Asia-Pacific (APAC), and the Rest of the World (RoW)
The regional analysis of force sensor market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in force sensor market in North America is attributed to technical advancements and increasing demand for force sensors across various industry verticals in that region.
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- Technology Investors
- Research/Consultancy Firms
- Original equipment manufacturers (OEMs)
- Government Bodies
- Automotive Companies
LIST OF TABLES
TABLE 1 FORCE SENSOR MARKET, BY TYPE
TABLE 2 FORCE SENSOR MARKET, BY APPLICATION
TABLE 3 FORCE SENSOR MARKET, BY VERTICAL
TABLE 4 FORCE SENSOR MARKET, BY REGIONS
TABLE 5 NORTH AMERICA FORCE SENSOR MARKET, BY TYPE
TABLE 6 NORTH AMERICA FORCE SENSOR MARKET, BY APPLICATION
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 FORCE SENSOR MARKET, BY TYPE
FIGURE 3 FORCE SENSOR MARKET, BY APPLICATION
FIGURE 4 FORCE SENSOR MARKET, BY VERTICAL
FIGURE 5 FORCE SENSOR MARKET, BY REGIONS