openPR Logo
Press release

Force Sensor Market Will hit at a CAGR 7.1% from 2027

06-29-2017 02:55 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Continuous adoption of force sensors as human-machine interface is projected to pave new business opportunities for force sensor manufacturers among various industries such as music & entertainment. In addition, surging implementation of various ICT technologies in healthcare, and rising necessity to improve quality of healthcare services are further expected to offer growth opportunities to developers of force sensing technology. Future Market insights (FMI), in its report, projects the global market to grow at 7.1% CAGR during the forecast period 2017 to 2027. In terms of revenues, the market will reach nearly US$ 8,000 Mn in 2017, by 2027, global revenues will reach US$ 16,000 Mn.

Piezo-resistive Force Sensor Technology will Remain Preferred in the Market

Although piezo-resistive force sensor technology will remain preferred in the global force sensor market, it is expected to witness a decline in its market share by 2027. Revenues from this segment will surpass US$ 5,000 Mn by 2027-end. Further, piezoelectric force sensor technology is estimated to exhibit fastest growth during the forecast period, followed by capacitive force sensor technology.

Demand for force sensors will remain highest from automotive vertical, and is expected to surpass US$ 4,000 Mn by 2027-end. Further, manufacturing vertical will witness fastest growth in demand for force sensors during the forecast period. Manufacturing is further estimated to be the second largest vertical in the market by 2027, followed by medical & healthcare vertical.

Monitoring & Control Application to Remain Most Attractive

Monitoring & control application of force sensors will retain its attractiveness in the market, and is expected to surpass US$ 12,000 Mn in revenues by 2027-end. However, testing and measurement application of force sensors is projected to register a comparatively higher CAGR throughout the forecast period.

Request For Sample@

On the basis of region, Asia Pacific Excluding Japan (APEJ) is estimated to be the most lucrative market for force sensors, followed by North America. Revenues generated by APEJ force sensor market are expected to reach nearly US$ 5,000 Mn by the end of 2027. Further, Latin America is anticipated to be the fastest growing market for force sensors, followed by Middle East & Africa (MEA) and Western Europe. Latin America force sensor market is projected to register 10.7% CAGR through 2027.

Surging Adoption of IoT to Drive Growth

Utilisation of force sensors to measure change in physical parameters describes performance capabilities and functionality of Internet of Things (IoT) applications. Business automation across global industrial landscape is expected to boost efficiency of manufacturing sector in relatively lesser time. These automation processes make use of force sensors for measurement of static and dynamic forces. In addition, manufacturers are focusing on transforming existing partial automated facilities into completely automated & integrated facility in order to boost quality, speed and productivity. These factors are fuelling growth of the global force sensors market.

Sensors form vital components of various automotive electronic control systems. Demand for sensors per vehicle is witnessing a rise owing to altering government regulation on emission monitoring & braking systems. This is increasing focus of passenger car manufacturers in providing an enhanced user experience, which in turn, is expected to fuel global demand for force sensors during the forecast period.

Every industry follows a diversified regulatory and endpoint compliance requirements, and technology assessment processes, with aim to offer commercial force sensing solutions. However, this is a lengthy process and requires long period of time for approval. This is expected to be a major factor impeding growth of the market. In addition, growing number of counterfeit semiconductor components is further expected to be a threat to growth of the global force sensor market during the forecast period.

Send An Enquiry@

Key players identified in FMI’s report include TE Connectivity Ltd., Freescale Semiconductor Inc., ATI Industrial Automation Inc., General Electric, Innovative Sensor Technology IST AG, Tekscan Inc., Sensata Technologies Inc.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Force Sensor Market Will hit at a CAGR 7.1% from 2027 here

News-ID: 600958 • Views: 190

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases

More Releases for FMI

Combat Support Vehicle Market: Global Forecast over 2028 Says FMI
Combat Support Vehicle Market: Introduction Combat support vehicles are units that provide fire assistance and operational assistance to combat elements. Combat support vehicles fulfil a wide variety of support roles. For instance, they act as a protected ambulance, provide enhanced fire power, command and control, combat engineering functions and serve as a base for intelligence, security and communications. Combat support vehicles also provide a high degree of maneuverability and protection. With
Agar Market to surpass US$ 357,091.6 by 2026 | FMI
Agar being used as an essential natural ingredient in food and beverages; in technical application; in bacteriological and many other sectors is propelling the demand for agar. Future Market Insights (FMI) estimates global agar volume to surpass 10,968.8 tonnes by 2016 end and represent market value of over US$ 220,838.5. In global market, the demand for agar is dominated by food and beverage segment which especially includes bakery and dairy products.
FMI Releases New Report on the Camphor Market 2015 – 2025
Camphor is a crystalline and translucent terpene ketone with a pleasant odor. Camphor is predominantly produced from distillation of wood and bark of the camphor tree. Physical properties of camphor differ depending on the origin, species and growing conditions of the tree. Camphor is generally whitish or has light shades of different colors including gray and olive among others. Moreover, camphor can be synthetically produced by synthesis of turpentine oil
Duodenoscope Market Intelligence and Forecast by FMI 2016-2026
Duodenoscope is a side viewing endoscope primarily designed for Endoscopic Retrograde Cholangiopancreatography (ERCP) to diagnose diseases associated with pancreas and bile ducts with the help of fluoroscopic imaging procedure. Duodenoscopes are flexible, light weighted tubes that are relieved through the mouth, throat, and stomach till the duodenum portion. Duodenoscopes are being used in more than 500,000 gastrointestinal procedures in the U.S each year as a minimally invasive way than traditional
Pharmaceutical Solvent Market Forecast and Prospectus : FMI Research
Global Market for Pharmaceutical Solvents Projected to Witness Sluggish Growth A majority of medicines & drugs produced in the world are derived from formulating Active Pharmaceutical Ingredients (API), and such processes require alcoholic solvents such as ethanol, isopropanol, propanol and propylene glycol. Production of pharmaceutical solvents continues to be concentrated in the Asia-Pacific excluding Japan (APEJ) region as leading API suppliers and drug manufacturers in the world have based their production units
Temperature Controlled Packaging Solutions Market Analysis : FMI
While North America will continue to be the most attractive market, the temperature controlled packaging solutions market in Asia Pacific excluding Japan (APEJ) will witness steady gains. According to a comprehensive analysis on the global temperature controlled packaging solutions market by Future Market Insights, companies seeking thermally-regulated packaging solutions for unhampered delivery of their products will continue to opt for insulated containers, with chest-type containers accounting for significant demand. However, during