Press release
Force Sensor Market Growth Accelerates: Strategic Forecast Predicts $3.08 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Force Sensor Industry Market Size Be by 2025?
In the past few years, the force sensor market has witnessed a consistent expansion. The market which was valued at $2.45 billion in 2024 is predicted to climb up to $2.52 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.2%. This growth during the historic phase can be credited to the increase in industrial automation, the miniaturization of consumer electronics, enhancements in automotive safety systems, the development of healare instrumentation, and advancements in human-machine interfaces.
What's the Long-Term Growth Forecast for the Force Sensor Market Size Through 2029?
In the coming years, the force sensor market is forecasted to experience significant growth, with projections indicating a market size of $3.08 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.1%. This growth over the forecast period is largely attributed to various factors like the successful integration of Internet of Things (IoT), the rise in robotic applications, the advent of flexible and stretchable sensors, an increasing demand for advanced driver-assistance systems and the widespread use of smart home devices and force sensing technology in smartphones. Technological advancements in material sciences, the enhanced usage in the gaming and entertainment sectors, the strategic integration of virtual reality (VR) and augmented reality (AR), artificial intelligence, and machine learning are also major trends expected to propel growth during the forecast period.
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What Are the Key Growth Drivers Fueling the Force Sensor Market Expansion?
The rise in the demand for industrial robots is predicted to spur the expansion of the force sensor market. Industrial robots, which are automated mechanical devices designed for handling production processes in industrial contexts, are augmented by force sensors. These sensors enhance the design of robotic applications with better control technologies, providing haptic input to a robot for superior total performance. Their uses include verifying grip pressures, ensuring sufficient balance, and relaying tactile data to an outside source. As an example, in September 2023, global factory installations of industrial robots saw an increase from 553,052 units in 2022 to 590,000 units per data from the International Federation of Robotics, a non-profit organization based in Germany, indicating approximately 6.7% growth. Consequently, the upwards trend in industrial robot usage is serving as a principal driver for the force sensor market's growth.
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What Are the Key Trends Driving Force Sensor Market Growth?
One of the main trends observed in the force sensor market is product innovation. Many prominent corporations within the force sensor industry are focusing on innovative product strategies to maintain their market share. For example, in September 2022, Kistler Group, a technology firm based in Switzerland, introduced the SlimLine force sensor 9132CD designed for high precision measurements of low forces. The SlimLine force sensor 9132CD's distinguishing features include its enhanced sensitivity and exceptional, durable connection wire, rendering it ideal for precise low force measurements in constrained areas such as semiconductors and 3C applications.
How Is the Force Sensor Market Segmented?
The force sensor market covered in this report is segmented -
1) By Type: Tension Force Sensors, Compression Force Sensors, Tension And Compression Force Sensors
2) By Technology: Strain Gauge, Load Cell, Force Sensitive Resistors, Other Technologies
3) By Operation: Analog, Digital
4) By End-Use Industry: Healare, Industrial Manufacturing, Automotive, Aerospace And Defense, Consumer Electronics, Other End-use Industries
Subsegments:
1) By Tension Force Sensors: Load Cells, Strain Gauge Sensors
2) By Compression Force Sensors: Load Cells, Piezoelectric Sensors
3) By Tension And Compression Force Sensors: Multi-Component Load Cells, Dual-Mode Sensors
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Which Companies Are Leading the Charge in Force Sensor Market Innovation?
Major companies operating in the force sensor market include Siemens AG, Honeywell International Inc., ABB Ltd., Texas Instruments Incorporated, TE Connectivity Ltd., MinebeaMitsumi Inc., Alps Electric Co. Ltd, Omron Corporation, FANUC America Corporation, Sensata Technologies Inc, Mettler Toledo Inc., Spectris plc, Synaptics Inc., Baumer Holding AG, Kistler Group, Vishay Precision Group Inc., Flintec Group AB, OMEGA Engineering Inc., Gefran Group, PCB Piezotronics Inc., ATI Industrial Automation Inc., HBM Inc., Dytran Instruments Inc., FUTEK Advanced Sensor Technology Inc., Tekscan Inc., HITEC Sensor Developments Inc., Taiwan Alpha Electronic Co Ltd, Sensel, Interlink Electronics Inc., Strainsert Co
Which Regions Are Leading the Global Force Sensor Market in Revenue?
North America was the largest region in the force sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the force sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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