Force Sensors Market 2021 Evolving Technology and Growth Outlook - Alps Electric Co. Ltd, Synaptics Inc., Interlink Electronics Inc., Pressure Profile Systems, Inc

The Force Sensors Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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.

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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 and others.

Industry News and Updates

- 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.

Key Market Trends

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. However, due to the digital revolution, it can be estimated that over USD 300 billion in healthcare expenses can be saved, specifically, in the field of chronic disease management.
- Further, smartphones that constitute a significant part of consumer electronics utilize force sensors that enable true edge-to-edge mobile displays. The United States is one of the largest smartphone markets in the world, with one of the highest smartphone penetration rates worldwide. According to Consumer Technology Association, the value of smartphone sales in the country has increased to USD 77.5 billion in 2019 from USD 33.7 billion in 2012.
- Moreover, R&D initiatives are transforming the automotive industry to respond better to new opportunities. Also, electric vehicles (EV) attained record sales over the past few years and is set to sustain that growth in the near future with business uptake, government support, and consumer demand, as electric mobility continues to be a driving force of global climate action.

Regional Outlook of Force Sensors Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Force Sensors Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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