Force Sensors Market Trends 2021 by Component, Application, Growth and Analysis – 2027

Posted August 18, 2021 by MRFRBhushan

New Study Reports "Force Sensors Market Trends 2021 Global Opportunities, Strategies, Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2027" has been Added on Market Research Future.
Force Sensors Market Trends 2021-2027

New Study Reports "Force Sensors Market Trends 2021 Global Opportunities, Strategies, Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2027" has been Added on Market Research Future.

Report Overview

The analysis includes forecasted Global Force Sensors Market Trends valuation and growth rate, as per the researchers' review. This Force Sensors Market Trends Review provides a summary of current market dynamics, barriers, drivers, and metrics as well as a perspective for important segments. Business growth in different industries, too, is anticipated. The nature of the research also demands comprehensive segmental analysis. The worldwide Force Sensors Market Trends also provides a regional overview spanning North America, Latin America, Asia-Pacific Europe, and the Middle East & Africa, with the sector's detailed country-level measurements. The report also provides a thorough description of the business strategies used by the major players as well as new entrants.

The Force Sensors Market Trends is growing rapidly over 6% of CAGR and is expected to reach at approx. USD 5.16 Billion by the end of forecast period.

The Force Sensors Market Trends is garnering significant traction. Factors like increasing force sensors in various industry verticals, including retail, automotive, consumer electronics, and medical, drive the market growth. Automotive is the largest end-user segment boosting the Force Sensors Market Trends size.

Over the past few years, force sensors are gaining excellent market prominence owing to the growing popularity of touch interface devices. With the market proliferation of smartphones and other smart connected devices, the market is projected to perceive a huge rise in the years to come.

In this regard, Market Research Future (MRFR) asserts that the Force Sensors Market Trends is expected to reach exponential heights by 2027, registering a phenomenal CAGR throughout the review period (2020 to 2027). Inventors have proposed all sorts of ideas for storing energy with hidden piezoelectric devices.

The idea of energy harvesting using force sensors has caught everyone’s attention. Inventors have been increasingly filing patents for wearable gadgets. The current scenario where environmental concerns are increasing continually creates substantial market demand.

Additionally, the implementation of piezoelectric sensors in medical applications for various applications such as ultrasound imaging is further fostering market growth. Similarly, force sensors are used in medical ultrasound equipment. Piezoelectric actuators are extensively used in electronics. Hence, consumer electronics is another key end-user vertical substantiating the force sensors market share.

Key Players

The report has profiled some of the Important players prevalent in the global like – 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 more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Force Sensor.

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Force Sensors Market Trends – Segments

MRFR has segmented the analysis into types, applications, verticals, and regions.

The type segment is sub-segmented into optical, piezo-resistive, capacitive, magnetic, ultrasonic, electrochemical, strain gauges, and load cell sensor.

The application segment is sub-segmented into Traffic Engineering, Process Monitoring, Biomedical, Control Monitoring, Measuring Equipment, and others.

The vertical segment is sub-segmented into aerospace & defense, manufacturing, medical & pharmaceuticals, agriculture, printing & packaging, industrial, automotive, and others.

The region segment is sub-segmented into North America, Europe, APAC, and the Rest-of-the-World.

Force Sensors Market Trends – Regional Analysis

North America dominates the Force Sensors Market Trends. The largest market share attributes to vast advancements and the uptake of technologies. High investments in R&D and rising application areas of the force sensor are some of the key driving forces for the growth of this market. Simultaneously, increasing investment in the development of these devices creates vast market opportunities.

Europe is another lucrative market for force sensors. Vast improvements in warfare platforms with advanced technologies are major force sensors market trends responsible for the growth.

European countries such as the UK and Germany, backed by the enormous investments made in the development of force sensors and related technologies, contribute to the market growth in the region majorly.

The Asia Pacific region is rapidly emerging as a promising market for force sensors witnessing huge FDI (foreign direct investments).

Furthermore, the ample availability of raw materials and cost-competitive workforce encourage global manufacturers to shift their production bases to emerging APAC countries such as China and India, fostering the Force Sensors Market Trends growth in the region.

Industry/Innovation/Related News:

June 07, 2021 – Vishay Precision Group, Inc., a leading global manufacturer and marketer of force sensors products and weighing & control systems, announced the acquisition of Diversified Technical Systems, Inc. (DTS). Vishay’s product portfolio consists of various well-established brand names recognized for precision and quality in the marketplace and precision sensors and sensor-based systems.

Key Stakeholders
Force Sensors Market Trends Manufacturers
Force Sensors Market Trends Distributors/Traders/Wholesalers
Force Sensors Market Trends Subcomponent Manufacturers
Industry Association
Downstream Vendors

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About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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Categories Electronics
Tags force sensors
Last Updated August 18, 2021