Global Force Sensor Market Overview:
The force sensors are electronic equipment whose basic material can be a force-sensing resistor. Force sensors are primarily rigid links between two shapes that are able to measure transmitted forces and torques. The rigidity of force sensors is conditional, as the force sensors can be broken if a certain condition arises. A force sensor is only effective during simulation if it is dynamically enabled. It consists of both electrically conducting and non-conducting particles present in form of matrix. The particles are in sub micro metre size, formulated to enhance mechanical properties, increase surface durability and reduce temperature dependence. The common means for measuring force is the load cell and each load cell comprises of an elastic element to which the force is applied. The change in shape of the elastic element indicates the force applied to the load cell.
As per latest study released by AMA Research, the Global Force Sensor market is expected to see growth rate of 5.9%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growth in Deployment of Robotics in Manufacturing Facilities and Growing Popularity of Touch Interface Devices
Market Growth Drivers:
Rising Demand for Portable Medical Devices and Automation in Healthcare Sector, Growing Demand for Automotive and Increasing Adoption in Consumer Electronics
Challenges:
Load Cell Requires Expensive Electronics and Piezoresistive has lower accuracy (about +/-5% full scale) compare to load cell
Restraints:
Low Sensitivity Which Can Reduce Overall Production Capacity
Opportunities:
Adoption of Industrial Automation to Upgrade Medical Facilities in Emerging Economies
Competitive Landscape:
The Companies are focusing on development of new technologies and new product launch. Merger and acquisition is another activity observed in the market by the market applicants to increase their product portfolio and to grow the business.
Some of the key players profiled in the report are Flintec Group AB (Sweden), Dytran Instruments, Inc. (United States), HITEC Sensor Developments, Inc. (United States), Kistler Group (Switzerland), Honeywell International Inc. (United States), Lorenz Messtechnik GmbH (Germany), ME-Meßsysteme GmbH (Germany), Infineon Technologies AG (Germany), Spectris PLC (United Kingdom), FUTEK Advanced Sensor Technology, Inc. (United States) and Texas Instruments Incorporated (United States). Additionally, following companies can also be profiled that are part of our coverage like TE Connectivity (Switzerland) and Tekscan, Inc. (United States). Analyst at AMA Research see United States and German Players to retain maximum share of Global Force Sensor market by 2030. Considering Market by Technology, the sub-segment i.e. Ultrasonic will boost the Force Sensor market. Considering Market by End-Users, the sub-segment i.e. Oil & Gas will boost the Force Sensor market.
Latest Market Insights:
In October 2023, TE Connectivity (TE) completed the acquisition of Measurement Specialties Inc. (MSI), a leading supplier of pressure, force, and other sensors. This deal broadened TE's industrial sensor portfolio and strengthened its position in robotics and automation.
In September 2023, Honeywell introduced the MicroForce 3 force sensor series, offering high accuracy and miniaturization for medical devices and robotics applications. This launch catered to the demand for smaller and more precise force sensing solutions.
What Can be Explored with the Force Sensor Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Force Sensor Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Force Sensor
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Force Sensor market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Force Sensor market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Force Sensor, Suppliers of Force Sensor, Wholesalers, Distributers and Retailers of Force Sensor, Automotive Industry, Technology Investor, Research Organization and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.