Press release
Force Sensor Market Share, Value, Trends : FMI Report
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.
Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-272
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.
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.
Send an Enquiry @ http://www.futuremarketinsights.com/askus/rep-gb-272
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.
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.
ABOUT US:
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.
CONTACT:
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
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
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 Share, Value, Trends : FMI Report here
News-ID: 672969 • Views: …
More Releases from Future Market Insights
Extruded Snacks Market to Reach USD 170.3 Billion by 2035 Amid Health and Conven …
A new market analysis released today projects the global extruded snacks market to surge from an estimated USD 89.9 billion in 2025 to USD 170.3 billion by 2035, demonstrating a robust Compound Annual Growth Rate (CAGR) of 6.6%. The market is set to deliver an impressive absolute dollar opportunity of USD 80.4 billion over the forecast period, driven by a global consumer shift towards convenient, shelf-stable, and healthier snack options.
The…
Global Banana Flakes Market Soars to USD 876.1 million by 2035, Driven by Health …
A new market analysis reveals the global banana flakes market is set to expand significantly, projecting a robust Compound Annual Growth Rate (CAGR) of 4.6% from 2025 to 2035. The market, valued at USD 559.6 million in 2025, is forecast to reach USD 876.1 million by 2035, fueled by a rising consumer preference for natural, gluten-free, and plant-based ingredients in daily food choices.
This press release offers a detailed look into…
Confectionery Fillings Market Sweetens Global Outlook, Projected to Reach USD 2. …
The global confectionery fillings market is poised for significant growth, with a new market analysis revealing a robust expansion fueled by a surge in consumer demand for innovative flavors and indulgent textures. According to the analysis, the market is estimated at USD 1381.2 million in 2025 and is projected to reach USD 2207.4 million by 2035, exhibiting a healthy compound annual growth rate (CAGR) of 4.8% during the forecast period.
The…
Water Softener Market to Skyrocket to USD 8.7 Billion by 2035, Driven by Smart T …
A new market analysis reveals the global water softener market is poised for significant expansion, with a forecasted value of USD 8.7 billion by 2035. The report, covering the period from 2025 to 2035, projects a robust Compound Annual Growth Rate (CAGR) of 8.3%, up from an estimated USD 3.9 billion valuation in 2025. This surge is fueled by a combination of factors, including increasing consumer awareness of hard water's…
More Releases for FMI
Guidewires Market's Journey Ahead: FMI Report Anticipates 6.1% CAGR, US$ 5.9 Bil …
From 2022 to 2030, the global Guidewires Market is projected to develop significantly at a compound annual growth rate of 6.1%, with a market size of over US$ 3.7 Bn in 2022. The market is expanding at a faster rate due to rising demand for straight-tip guidewires for minimally invasive spine and cervical surgeries.
According to a new research study by Future Market Insights,
-Straight tip guidewires, with a current share of…
Ammonium Phosphate Market Share, Size, Trends - 2029 | FMI
The projected growth rate of ammonium phosphate market is approximately 3.3% over the course of forecast period (2019-2029). The demand from fertilizers segment remains steady and even surges in emerging economies. Other end-use industries such as electronics and optics are complementing the growth of ammonium phosphate market.
Download Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1469
Key Takeaways of Ammonium Phosphate Market Study
• Fertilizers industry accounts for substantial ammonium phosphate demand.
• Rising uptake of ammonium phosphate in…
Wearable Fitness Trackers Market Forecast & Share 2027 | FMI
The global wearable computing devices market is expected to be worth US$ 37,557 Mn in 2022, rising to US$ 217,237.2 Mn by 2032. The sales of wearable computing devices are expected to grow at a CAGR of 19.2% during 2022-2032.
The wearable computing devices market size is expected to increase during the projected period as they assist clinicians in remotely monitoring patient health. Consumer interest in smart fitness gadgets is increasing…
Edible Oil Packaging Market Size & Share - 2023 - 2031 | FMI
According to a recent report by Future Market Insight, sales of packaging solutions for edible oil would increase by 1.7 times to reach 3.7 billion units in 2031. In 2021, the market for packaging edible oil is anticipated to expand annually by 4.1%. By 2025, FMI projects that sales of drums will be close to $5 billion. The market for edible oil packaging in the United States is anticipated to…
MOPP Packaging Films Market Size, Analysis & Opportunity | FMI
The MOPP packaging films market is projected to register high demand through 2021, with the overall valuation reaching US$ 221.7 Mn in 2021. FMI also forecasts MOPP packaging films demand to increase at a steady 5.2% CAGR between 2021 and 2031.
Despite restrictions imposed amid COVID-19, MOPP packaging films demand will surge 2021 onwards, albeit gradually. Volume sold globally is expected to total 135.2 Th. tones by the end of…
Labels Market Size, Industry Share, Sales & Trends - 2032 | FMI
The global labels market size is set to reach a valuation of US$ 39.8 Bn in 2022, and further accelerate at a CAGR of 4.8% from 2022-2032. The market is projected to reach US$ 63.7 Bn by the end of 2032. Sales of labels are anticipated to augment with the top 5 players holding 10-15% of the global labels market share in 2021.
Based on product type, the pressure sensitive labels…
