Global Force Sensor Market to Reflect Impressive Growth Rate During 2024
The Infinium Global Research analyzes the Force Sensor Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size, and future trends in global force sensor market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of force sensor. The report covers market-changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the force sensor market during the period. The global force sensor market is projected to grow at a CAGR of 6.1% over the forecast period of 2018-2024.
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Force sensors are the sensors that are used to measure the force between the two surfaces. Force sensors are transducers that convert a mechanical input signal into an electrical output signal. They convert the applied pressure into the equivalent value of the electric current. The force sensors are ultra-thin sensors that can easily be integrated into force measurement applications and have great flexibility. They are used in many applications across various industries including robotics, Medical and Pharmaceutical, Automotive, manufacturing, and many others. Force sensors act as hidden supporters in medical devices as they play a key role in many critical applications, most notably infusion pumps. As they are ultra-thin, these sensors lead to minimal interference in the normal action of devices.
Growing Demand for Force Sensors in the Manufacturing, Transportation, and Construction Industries are the Driving Factors for the Growth of the Global Force Sensors Market
The growing demand for force sensors in the manufacturing, transportation, and construction industries are the driving factors for the growth of the global force sensors market. The demand for force sensor depends on the growth of medical devices such as infusion pumps. The growth of infusion pumps is driven by the increasing occurrence of chronic diseases, the geriatric population, and rising surgical procedures. Increasing demand for infusion pumps and surgical instruments is expected to push the demand for load cells and this is expected to propel the demand for force sensors. Additionally, the growing adoption of force sensors in the automotive sector is one of the factors fueling the growth of the force sensor market. Further, the demand for force sensors is increasing owing to the rising adoption in consumer electronics due to the growing popularity of touch interface devices.
Force Sensor Market: Segmentation
The global force sensor market is segmented on the basis of type and applications. Based on the type, the global force sensor market is categorized into piezoresistive force sensors, capacitive force sensors, piezoelectric force sensors, optical force sensors, magnetic force sensors, strain gauges, and others. The global force sensor market is distinguished into industrial manufacturing, packaging, automotive, consumer electronics, aerospace & defense, and others on the basis of applications. The automotive sector is the dominating segment based on application, which attributes to the growing demand for automobiles and huge investment in the automotive segment.
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North America Holds the Dominant in the Force Sensors Market
The global force sensor market is segmented on the basis of geography as North America, Europe, Asia-Pacific, and the Rest of the World. Among the geographies, North America holds the dominant in the force sensors market owing to the flourishing manufacturing industries and developed healthcare infrastructure. The growing use of force sensors in the automotive sector is likely to contribute to the growth of the force sensor market in the North America region. In addition, the Asia Pacific is the largest and fastest-growing region in the force sensor market. The rising awareness about the potential applications of force sensors across various industries including automotive, medical, robotics, and many others are anticipated to propel the demand for force sensors in the Asia Pacific region.
Force Sensor Market: Competitive Analysis
Some of the key players in the global force sensor market are SATI Industrial Automation Inc., Siemens AG, Honeywell International, Hottinger Baldwin Messtechnik (HBM) GmbH, Flintec Group AB, Vishay Precision Group, Kavlico Corporation, Tekscan, Inc, Futek Advanced Sensor Technology, Inc., and TE Connectivity Ltd. among the others.
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=> Comprehensive analysis of global as well as regional markets of the force sensor.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.