Press release
Force Sensor Market 2018 by Global Service Provider: Freescale Semiconductor, ATI Industrial Automation Inc, General Electric, Tekscan, Sensata Technologies Inc
Major giants like TE Connectivity, Honeywell International and General Electric are investing into the force sensor market due to increasing demand from various industry verticals like retail, automotive, consumer electronics, medical among others. Increasing adoption of force sensors in automotive sector is one major factor fueling the growth of force sensor market. Force sensors are gaining importance owing to the increasing adoption in consumer electronics owing to the growing popularity of touch interface devices.
North America region holds the largest market share of global Force sensor market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for cloud computing applications and in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies. Increasing adoption of internet of things is one major factor responsible for driving the growth of force sensor market.
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The global force sensor market is expected to grow at approx. USD 2.95 Billion by 2023, at 6% of CAGR between 2017 and 2023.
Key Players:
The prominent players in force sensor market are – TE Connectivity Ltd. (Switzerland), Freescale Semiconductor Inc. (U.S.), ATI Industrial Automation Inc. (U.S.), General Electric (U.S.), Innovative Sensor Technology IST AG (Germany), Tekscan Inc. (U.S.), Sensata Technologies Inc. (U.S.), Spectris PLC (U.K.), Honeywell International Inc. (U.S), Infineon Technologies AG (Germany) and others.
Segments:
Force sensor market can be segmented on the basis of following:
By Technology
Optical Force Sensor
Fiber Optic
Opto Mechanical
Photo Elasticity
Tracking of Optical Markers
- Piezo-Resistive Force Sensor
- Piezo-Electric Force Sensor
- Capacitive Force Sensor
- Magnetic Force Sensor
Magneto Elastic
Hall Effect & Magneto Resistance
- Ultrasonic Force Sensor
- Electrochemical Force Sensor
- Strain Gauges
Metal Strain Gauges
Semiconductor Strain Gauges
Load Cell Sensor
By Application
Traffic Engineering
Process Monitoring
Biomedical
Control Monitoring
Measuring Equipment
Others
By Vertical
Aerospace & Defense
Manufacturing
Medical & Pharmaceuticals
Agriculture
Printing & Packaging
Industrial
Automotive
Others
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