Global Force Sensor Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2018-2024

The Force Sensor Market’s segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR’s report also covers drivers and restraints in the force sensor market.

Infinium Global Research’s report covers the annual growth of the Global force sensor market. It also includes chapters on the Global force sensor industry trends, geographic analysis, and competitive landscape.

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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.

Force Sensor Market: Industry Insights

Force sensors are the sensors that are used to measure the force between the two surfaces. Force sensors are transducers that convert a mechanical input signal into an electrical output signal. They convert the applied pressure into the equivalent value of electric current. The force sensors are ultra-thin sensors that can easily be integrated into force measurement applications and have great flexibility. They are used in the many applications across various industries including robotics, Medical and Pharmaceutical, Automotive, manufacturing and many others. Force sensors act as hidden supporters in medical devices as they play a key role in many critical applications, most notably infusion pumps. As they are ultra-thin, these sensors lead to minimal interference in normal action of devices.

Force Sensor Market: Drivers and Restraints

The growing demand for force sensors in the manufacturing, transportation, and construction industries are the driving factors for the growth of the global force sensors market. The demand for force sensor depends on the growth of medical devices such as infusion pumps. The growth of infusion pumps is driven by the increasing occurrence of chronic diseases, geriatric population, and rising surgical procedures. Increasing demand for infusion pumps and surgical instruments is expected to push the demand for load cells and this is expected to propel demand for force sensors. Additionally, the growing adoption of force sensors in the automotive sector is one of the factors fueling the growth of the force sensor market. Further, the demand for force sensors is increasing owing to the rising adoption in consumer electronics due to the growing popularity of touch interface devices.

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Force Sensor Market: Segmentation

The global force sensor market is segmented on the basis of type and applications. Based on the type, the global force sensor market is categorized into piezoresistive force sensors, capacitive force sensors, piezoelectric force sensors, optical force sensors, magnetic force sensors, strain gauges, and others. The global force sensor market is distinguished into industrial manufacturing, packaging, automotive, consumer electronics, aerospace & defense and others on the basis of applications. The automotive sector is the dominating segment based on an application, which attributes to the growing demand for automobile and huge investment in the automotive segment.

Force Sensor Market: Regional Insights

The global force sensor market is segmented on the basis of geography as North America, Europe, Asia-Pacific and Rest of the World. Among the geographies, North America holds the dominant in the force sensors market owing to the flourishing manufacturing industries and developed healthcare infrastructure. The growing use of force sensors in the automotive sector is likely to contribute to the growth of the force sensor market in the North America region. In addition, the Asia Pacific is the largest and fastest growing region in the force sensor market. The rising awareness of about the potential applications of force sensors across various industries including automotive, medical, robotics and many others are anticipated to propel the demand of force sensors in the Asia Pacific region.

Force Sensor Market: Competitive Analysis

Some of the key players in the global force sensor market are SATI Industrial Automation Inc., Siemens AG, Honeywell International, Hottinger Baldwin Messtechnik (HBM) GmbH, Flintec Group AB, Vishay Precision Group, Kavlico Corporation, Tekscan, Inc, Futek Advanced Sensor Technology, Inc., and TE Connectivity Ltd. among the others.

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Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the Force Sensor.

• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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