Press release
Force Sensors Market Trends Outlook 2024 By Key Players: Omron Industrial Automation Europe, Texas Instruments, ATI Industrial Automation, Digi-Key Electronics, GE, Tekscan, TE Connectivity, Measurement Specialties, Inc, now TE Connectivity, Siemens
Global Market Insights, Inc.
Major restraint for force sensors market is volatility in demand. Demand is not fixed among end use sector that acts as a challenge for its manufacturing plans. Rejection rate in manufacturing facilities is quite high either due to damage or low sensitivity that can reduce overall production capacity. Further, aftermarket sales channel is not fully developed that restricts product growth.
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Force Sensors Market size shall witness a healthy growth in forecast period with application in aerospace, defence, printing, packaging, robotics and automotive industry. Its usage has increased for advanced electronic control systems as the product improve response time and efficiency of machines. Additionally, this has ultra-thin construction (thickness less than 0.5mm) that provides flexibility and minimizes interference and disturbance to normal action. These factors are expected to propel force sensors market during the forecast timeframe.
Adoption of internet of things (IOT) technology has augmented its usage in consumer electronics, healthcare, home automation and retail & logistics to enhance performance capabilities. The product has an edge over counterparts owing to its affordability and good shock resistance. Robot application in industries has propelled in current years and technological development has increased its use in medical devices to improve precision. Medical device market has registered a CAGR above 5% that has enhanced product usage. Such factors are expected to further boost force sensors market.
Various end-use industries in force sensors market is classified as aerospace, defence, printing, packaging, robotics and automotive. Automotive segment has significant share as these are essential components in automotive electric control system including oil pressure sensing, tire pressure monitoring and engine management system. Stringent government regulations for emissions monitoring has further enhanced its usage.
Growth in deployment of robotics in manufacturing facilities and medical industries to improve efficiency and accuracy has amplified force sensors market. Aerospace and defence segment has substantial share owing to use of piezoelectric sensors for cryogenic fuel pulsation, testing rocket motor combustion instability, monitoring helicopter health and hydraulic pump elevation.
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North America contributes considerably in global force sensors market with rapid technological advancement and increasing application in end use industry. Presence of NASA (National Aeronautics and Space Administration) and strong defence industry further promotes its adoption.
Asia Pacific has significant share with use of capacitive type in touch pad mobile phones. The region has highest share in smart phones owing to presence of global players such as Samsung, Ericsson and Huawei. Europe, led by Germany has substantial share with well-established and flourishing automobile industry hosting giants such as Audi and Volkswagen
Prominent manufacturers of force sensors market are Tekscan, TE Connectivity, Feutek Advanced Technology, Measurement Specialities, Siemens, Sensitronics, Omron Corporation, Texas Instruments, ATI Industrial Automation, Digi Key and GE Measurement. Companies are devising new technology to manufacture better product and minimize damage.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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