Force Sensor Market 2018 Global Key Leaders: TE Connectivity Ltd., Freescale Semiconductor, ATI Industrial Automation, General Electric, Tekscan, Sensata Technologies

The Analysis presents the study of Global Force Sensor Market facilitating the regional and country wise analysis covering the strategic analysis of each market player and the market share they hold.

Force Sensor Market, By Type (Piezo Electric Force Sensor, Piezo Resistive Force Sensor, Capacitive Force Sensor, Optical Force Sensor, Magnetic Force Sensor), By Application (Process Monitoring, Control Monitoring), By Vertical - Forecast 2023

Key Players:
The prominent players in force sensor market are – 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.

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Market Scenario:
Major giants like TE Connectivity, Honeywell International and General Electric are investing into the force sensor market due to increasing demand from various industry verticals like retail, automotive, consumer electronics, medical among others. Increasing adoption of force sensors in automotive sector is one major factor fueling the growth of force sensor market. Force sensors are gaining importance owing to the increasing adoption in consumer electronics owing to the growing popularity of touch interface devices.

North America region holds the largest market share of global Force sensor market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for cloud computing applications and in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies. Increasing adoption of internet of things is one major factor responsible for driving the growth of force sensor market.

The global force sensor market is expected to grow at approx. USD 2.95 Billion by 2023, at 6% of CAGR between 2017 and 2023.

Market Segmentation

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)

Regional Analysis

The North American market segment, which is primarily dominated by the use of force sensors in the automotive sector, leads the market. The product's counterpart has become obsolete as it cannot match the performance of a force sensor. The low cost, compact nature and eco-friendly features that the product displays are expected to facilitate healthy growth in the region during the forecast period. Moreover, the region includes several key players who are creating future opportunities through research and development activities.
The Asia-Pacific is projected to grow at the fastest pace during the assessment period. This projected growth is mainly due to the size of the ever-growing electronics market present in the region where there is a growing application for force sensors. Moreover, the large population in the region, combined with rising disposable incomes is expected to increase demand for the global automotive industry which proportionally affects positive growth for the region.

Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Original equipment manufacturers (OEMs)
• Government Bodies
• Consumers
• Automotive Companies

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