Force Sensor Market Size growing rapidly over 6% of CAGR and is anticipated to reach at approx. USD 2.95 Billion by 2023

“\”Force Sensor Market Size\””
Force Sensor Market, By Type (Piezo Electric Force Sensor, Piezo Resistive Force Sensor, Capacitive Force Sensor, Optical Force Sensor, Magnetic Force Sensor), By Application (Process Monitoring, Control Monitoring), By Vertical – Forecast 2023

Market Highlights:

The Force sensor are used in various industrial applications especially in the process industries and manufacturing industries. It is utilized in traffic engineering such as rail monitoring, process monitoring, process control, medical science and biomechanics and also used for testing purposes.  Force sensor is a type of sensing resistor by which the resistance fluctuates when an external force, pressure or mechanical stress is applied. Thus, the force sensors are also called as Force Sensing Resistor sensor. The FSR are sensors allows to help in determining the weight and physical pressure. They are very convenient and cost-efficient device. The FSRs are manufactured on the basis of piezoresistive principles which offers low manufacturing cost, which are extensively used in medical equipment. Additionally, surging demand for force sensor for automated robots where force control are required for safety and comfort in human or robot interactions especially for medical robotics applications are expected to drive the growth of the force sensor market over the forecast period.

Force sensors are highly durable, flexible and have an ultra-thin sensor construction which offers the potential for application in various industries. The potential for the market is far from realized, and future innovations and new applications for the product are likely to expand the market and facilitate healthy growth during the forecast period.

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Major Key Players

Tekscan Inc. (U.S.),

Sensata Technologies Inc. (U.S.),

Honeywell International Inc. (U.S),

Freescale Semiconductor Inc. (U.S.),

ATI Industrial Automation Inc. (U.S.),

General Electric (U.S.),

Spectris PLC (U.K.),

Infineon Technologies AG (Germany),

TE Connectivity Ltd. (Switzerland),

Innovative Sensor Technology IST AG (Germany), among others, are profiled in MRFR Analysis and are at the forefront of competition in the global Force Sensor market.

According to MRFR, The Force Sensor Market is growing rapidly over 6% of CAGR and is expected to reach at approx. USD 2.95 Billion by the end of forecast period.

Market Segmentation

Segmentation by Technology: Optical Force Sensor, Fiber Optic, Opto Mechanical, Photo Elasticity, Magneto Elastic, Hall Effect & Magneto Resistance, Metal Strain Gauges, Semiconductor Strain Gauges, Load Cell Sensor,  and Tracking of Optical Markers.

Sub-Segment Tracking of Optical Markers comprises Piezo-Resistive Force Sensor, Piezo-Electric Force Sensor, Capacitive Force Sensor, and Magnetic Force Sensor.

Sub-Segment Hall Effect & Magneto Resistance comprises Ultrasonic Force Sensor, Electrochemical Force Sensor, and Strain Gauges.

Segmentation by Application: Traffic Engineering, Process Monitoring, Biomedical, Control Monitoring, Measuring Equipment, and Others.

Segmentation by End-user: Aerospace & Defense, Manufacturing, Medical & Pharmaceuticals, Agriculture, Printing & Packaging, Industrial, Automotive, and Others.

 Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World.

Regional Analysis

The North American market segment, which is primarily dominated by the use of force sensors in the automotive sector, leads the market. The product’s counterpart has become obsolete as it cannot match the performance of a force sensor. The low cost, compact nature and eco-friendly features that the product displays are expected to facilitate healthy growth in the region during the forecast period. Moreover, the region includes several key players who are creating future opportunities through research and development activities.

Asia-Pacific is expected to dominate the global Force Sensor market with the largest market share in the region. China, Taiwan, South Korea, Japan, India are the leading countries in the region. This is attributed to rapid development in the industrial and manufacturing sector. Furthermore, North America is anticipated to have a substantial growth region. The U.S and Canada are leading countries in the region. The robust manufacturing infrastructure in the region is expected to drive the force sensor over the review period.

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Intended Audience

  • Technology Investors
  • Research/Consultancy Firms
  • Original equipment manufacturers (OEMs)
  • Government Bodies
  • Consumers
  • Automotive Companies

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