According to projections, the force sensor market will reach US$ 5,286.2 million by 2029, expanding at a CAGR of 5.5% between 2022 and 2029. The global sensor market was made up of about 3% force sensors.
The main uses of force sensors, such as load cells, capacitive, piezo-resistive, and piezo-electric, are for monitoring, controlling, and testing industrial applications. The demand for force sensors is anticipated to increase in the upcoming years due to the expanding use of force sensors in medical devices.
The market for force sensors is anticipated to grow as a result of increasing demand for multi-axis wireless load cells and digital technology.
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Competitive Landscape
Force sensor market players are focusing on continuously giving awareness about its products by showcasing them at various events, with the objective to increase sales as well as brand penetration in the force sensor market.
- For instance, in April 2019, ATI Industrial Automation, Inc. arranged Inaugural Automation Expo to introduce latest technologies. It also provides facilities, which include a design verification laboratory where ATI uses robotics to test its equipment, verify robot product designs, and experiment with new innovations.
Key Players
- Sensata Technologies, Inc.
- TE Connectivity Corporation
- Honeywell International Inc.
- NXP Semiconductors N.V.
- ATI Industrial Automation
- General Electric Co.
- WIKA Group
- Flintec
- Tekscan, Inc.
- FMS-technology
The demand for force sensors is anticipated to increase as vehicles have more sensors. Market
Automotive electronic control systems such as the Engine Management System (EMS), Tire Pressure Monitoring Systems (TPMS), Manifold Absolute Pressure Sensors (MAP), Barometric Air Pressure (BAP), and Oil Pressure Sensing all depend on sensors (OPS).
Due to shifting government rules on emissions monitoring and braking systems, rising fuel efficiency standards, and a growing emphasis on deploying advanced sensing technologies to improve user experience, there is a significant demand for force sensors per vehicle.
These reasons are anticipated to increase the global demand for force sensors from the automobile industry. To increase drivers’ safety, they are also utilised in the automotive industry to monitor centripetal force during turns.
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Force Sensor Market Outlook By Category
By Product Type, Force Sensor Market is segmented as:
- Load Cell
- Capacitive
- Piezo-resistive
- Piezo-electric
- Others(Optical)
By Application, Force Sensor Industry is segmented as:
- Monitoring & Control
- Test & Measurement
By End-User, Force sensor Industry is segmented as:
- Automotive
- Medical & Healthcare
- Consumer Electronics
- Clothing & Textile
- Food & Beverage
- Manufacturing
- Aerospace & Defense
- Oil & Gas
- Construction
- Agriculture
- Others
By Region, Force sensor Sales is segmented as:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East & Africa
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis And Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting The Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Strategic Promotional Strategies
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