Press release
Force Sensor Market : Capacitive Force Sensor Technology Segment Projected to be the Most Attractive
The capacitive force sensor segment is projected to be the most attractive segment in the APEJ force sensor market during the forecast period. In terms of value, the piezo-electric force sensor segment is predicted to be the most attractive segment in the North America and Western Europe force sensor markets during 2017 – 2027. This segment is also anticipated to register high Y-o-Y growth throughout the forecast period in North America and Western Europe.Increasing adoption of the Internet of Things (IoT) technology is driving the growth of the global force sensor market. Force sensors are utilised to measure a change in physical parameters, which describes the functionality and performance capabilities of various Internet of Things (IoT) applications such as consumer electronics, building automation, healthcare & life science, home automation, transportation, industrial, environment, security & public safety and retail & logistics. Hence, an increasing demand for consumer electronics, home automation, etc. is anticipated to positively impact the growth of the technology segment.
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The report starts with a market overview and provides market definition and synopsis. An important section gives extensive information on market dynamics including drivers, restraints, opportunities and challenges in the global force sensor market. The macro-economic factors that influence the global force sensor market are also discussed in the report. Another section of the report provides detailed market share analysis, Y-o-Y growth and market attractiveness analysis for the different market segments.
It provides a market outlook for 2017–2027 and sets the forecast within the context of the global force sensor market, including the overall spending made towards the installation of new systems or expansion/upgrading of existing systems in the assessed regions. The sections focussing on market segments represent the market on the basis of the various segments along with the shares from major countries in the respective regions. The report also covers the aftermarket opportunities across the different assessed regions.
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For forecasting the global force sensor market value, various factors and changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast include the size of the current market and other dynamics shaping the scenario of the global force sensor market. In the compilation of the report, the forecasts are conducted by estimating the CAGR over the period of assessment, while other important criteria such as year-on-year growth and incremental dollar opportunity have also been incorporated presenting readers with pertinent insights and future opportunities likely to emerge in the global force sensor market.
Global Force Sensor Market: Key Factors Considered for Impact Analysis
Increasing adoption of the Internet of Things (IoT) technology
Growing industrial automation and changing manufacturing landscape
Rising number of sensors per vehicle
Increasing focus on touch screen applications
Long regulatory approval processes
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