Force Sensors Market 2021-2025 Forecast and COVID-19 Impact on Business, Industry, Revenue and Actionable Insights-Alps Electric Co. Ltd, Synaptics Inc., Interlink Electronics Inc., Pressure Profile Systems, Inc

Force Sensors Market by Component, Application, Services, and Region- Forecast to 2025

The Global Force Sensors Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Force Sensors business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Force Sensors worth chain and its wholesaler examination. Force Sensors Market study gives extensive information which upgrades the agreement, degree, and use of this report.

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-Top Leading Companies of Force Sensors Market are Alps Electric Co. Ltd, Synaptics Inc., Interlink Electronics Inc., Pressure Profile Systems, Inc., Uneo Inc., Futek Advanced Sensor Technology Inc., Tekscan Inc., Hottinger Baldwin Messtechnik (HBM) GmbH, Kavlico Corporation, Flintec Group AB, Tecsis GmbH, Shenzhen New Degree Technology Co. Ltd., Sensel Inc., Tangio Printed Electronics, NextInput Inc. and others.

-Market Segmentation- Force Sensors-

The global force sensors market was valued at USD 2109.7 million in 2019, and it is expected to reach a value of USD 2714.8 million by 2025, registering a CAGR of 4.68% over the forecast period 2020-2025.

-Industry News And Updates on Force Sensors Market-

North America is Expected to Hold Major Share

- North America holds a prominent share of the global market and the US plays a crucial role in generating the demand from the region when compared to Canada. Over the forecast period, the country is expected to dominate the global market, owing to the high implementation of digitization in various sectors such as the healthcare sector, due to the increasing necessity to improve the quality of health care services and the rise in the military and defense expenditure.

- The region recorded the highest healthcare expenditure across the world over the past few years. The US had witnessed an increasing share of health care spending in total government expenditures in the last three decades, i.e., from 11.9% in 1990 to 24.1% in 2018.

-Key Market Trends Force Sensors Market-

Automotive Sector is Expected to Register a Significant Growth

- The rising automotive sales and increasing production of vehicles across the world are expected to create opportunities. According to OICA (Organisation Internationale des Constructeurs Automobiles), the sales of automobiles in China, in 2019, reached to 21.4 million units. In 2019, around 67 million passenger cars were produced, worldwide.

- The automotive industry has many new opportunities for the force sensors in the field of R&D and infotainment systems. In recent years, the automotive industry emerged as an excellent source of demand for touchscreen units.

- Prominent automotive sensor manufactures, such as Bosch, Denso, and Infineon Technologies, are focusing their investment into technologically advanced, safer, and more secure sensor-based products for various automotive applications.

-Competitive Landscape On Force Sensors Market-

April 2020 - Tangio Printed Electronics has strengthened its position in force-sensing resistors with the introduction of the TPE-600 range. Based on customer demand, and extensive development was undertaken for fuZion hybrid sensor solution, Tangio announced the launch of TPE-600, an off-the-shelf range of Thru-Mode industry-standard footprint FSR's.

- January 2020 - Sensel collaborated with Visionox to highlight the next-generation side-sensing demo phone. Under the partnership, Visionox would provide a flexible AMOLED display module that curves around the edges. Sensel integrated its force-sensing technology under the curved display, maximizing screen real estate while opening up a wide range of game-changing applications.

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