Force Sensor Market 2018 Research, Share, Size, Growth, Competitor Strategy by General Electric, Innovative Sensor Technology, Honeywell International, Infineon Technologies

Market Highlights:

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.

Segmentation:

Segmentation by Technology: Optical Force Sensor, Fiber Optic, Opto Mechanical, Photo Elasticity, Magneto Elastic, Hall Effect & Magneto Resistance, Metal Strain Gauges, Semiconductor Strain Gauges, Load Cell Sensor, and Tracking of Optical Markers.
Sub-Segment Tracking of Optical Markers comprises Piezo-Resistive Force Sensor, Piezo-Electric Force Sensor, Capacitive Force Sensor, and Magnetic Force Sensor.
Sub-Segment Hall Effect & Magneto Resistance comprises Ultrasonic Force Sensor, Electrochemical Force Sensor, and Strain Gauges.
Segmentation by Application: Traffic Engineering, Process Monitoring, Biomedical, Control Monitoring, Measuring Equipment, and Others.
Segmentation by End-user: Aerospace & Defense, Manufacturing, Medical & Pharmaceuticals, Agriculture, Printing & Packaging, Industrial, Automotive, and Others.
Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World.

Regional Analysis

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

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This release was published on openPR.