Force Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Force Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • January 2022 •
  • 145 pages •
  • Report ID: 6223594 •
  • Format: PDF
The global force sensors market reached a value of US$ 2.42 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 3.34 Billion by 2027, exhibiting a CAGR of 5.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Force sensors are transducers that convert an input mechanical load, weight, tension, compression, and pressure into an electrical output signal that can be restored, measured, and standardized. They offer high accuracy, long-term reliability, and cost-effectiveness compared to other measurement technologies. As a result, they are widely used in various applications, ranging from bathroom scales, musical instruments, medical devices to automobiles; detecting seat occupancy; and process controlling in manufacturing facilities. Presently, several manufacturers worldwide are offering force sensors in a variety of sizes, shapes, and capacities.

Force Sensors Market Trends:
The escalating demand for factory automation and high precision in manufacturing processes represents one of the key factors impelling the market growth. Apart from this, force sensors are employed in the aerospace industry to help measure force and in-flight torque controls, actuation systems, and braking systems with high reliability. This, in confluence with the rising air passenger traffic and the increasing emphasis on in-flight test and safety measurements, is contributing to the market growth. Moreover, force sensors are integrated into medical devices, such as catheters and endoscopes, which are used in a variety of settings like hospitals and home care. They are also utilized in surgical robots that can display three-dimensional (3D) visualization, which further enhances the view of the operative area and improves the control, precision, and range of small instruments. This, coupled with the escalating demand for minimally invasive surgeries (MIS) and the growing focus of healthcare providers on improving primary procedural outcomes and patients’ quality of life, is driving the sales of force sensors. Furthermore, as these sensors support several hardware developments and control programs in various military applications, increasing funding in various defense projects by governing agencies of numerous countries is positively influencing the market.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global force sensors market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on sensing technology, force type, operation and end use.

Breakup by Sensing Technology:
Strain Gauge
Load Cell
Force Sensitive Resistors
Others

Breakup by Force Type:
Compression
Tension
Compression and Tension

Breakup by Operation:
Analog
Digital

Breakup by End Use:
Automotive
Locomotive
Manufacturing
Mining
Aerospace and Defense
Construction
Healthcare
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Alps Electric Co. Ltd., FUTEK Advanced Sensor Technology Inc., Honeywell International Inc., Hottinger Brüel & Kjaer GmbH (Spectris plc), Interlink Electronics Inc., Sensata Technologies Inc., Nextinput Inc. (Qorvo Inc.), Sensel Inc., Synaptics Incorporated, Tangio Printed Electronics and Tekscan Inc.

Key Questions Answered in This Report:
How has the global force sensors market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global force sensors market?
What are the key regional markets?
What is the breakup of the market based on the sensing technology?
What is the breakup of the market based on the force type?
What is the breakup of the market based on the operation?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global force sensors market and who are the key players?
What is the degree of competition in the industry?