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Force Sensor Trends and Forecast
The future of the global force sensor market looks promising with opportunities in the automotive, aerospace & defense, healthcare, industrial, and electronic markets. The global force sensor market is expected to reach an estimated $5.9 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are increasing industrial automation, improvement of medical devices with force sensor technology, and advancement and implementation in the industrial sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Force Sensor by Segment
The study includes a forecast for the global force sensor by sensor type, measuring system, end use industry, and region.
Force Sensor Market by Sensor Type [Shipment Analysis by Value from 2018 to 2030]:
• Piezoelectric Force Sensors
• Strain Gauges
• Load Cells
• Capacitive Force Sensors
• Magnetoelastic Force Sensors
• Others
Force Sensor Market by Measuring System [Shipment Analysis by Value from 2018 to 2030]:
• Hydraulic
• Pneumatic
• Elastic Devices
• Vibrating Elements
• Others
Force Sensor Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Aerospace & Defense
• Industrial
• Healthcare
• Electronics
• Others
Force Sensor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Force Sensor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies force sensor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the force sensor companies profiled in this report include-
• Spectris
• HONEYWELL
• TE Connectivity
• Sensata Technologies
• Infineon Technologies
• Texas Instruments
• ABB
• Siemens
• Gefran
• Vishay Precision Group
Force Sensor Market Insights
Lucintel forecasts that piezoelectric force sensors will remain the highest growing segment over the forecast period due to its use in touch pads of mobile phones and to monitor combustion in internal combustion engines.
Within this market, industrial will remain the largest segment over the forecast period due to rise in the adoption of robotics in the industrial applications.
APAC will remain the largest region over the forecast period due to high manufacturing base in China and India.
Features of the Global Force Sensor Market
Market Size Estimates: Force sensor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Force sensor market size by sensor type, measuring system, end use industry, and region in terms of value ($B).
Regional Analysis: Force sensor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different sensor types, measuring systems, end use industries, and regions for the force sensor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the force sensor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the force sensor market size?
Answer: The global force sensor market is expected to reach an estimated $5.9 billion by 2030.
Q.2 What is the growth forecast for force sensor market?
Answer: The global force sensor market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the force sensor market?
Answer: The major drivers for this market are increasing industrial automation, improvement of medical devices with force sensor technology, and advancement and implementation in the industrial sectors.
Q4. What are the major segments for force sensor market?
Answer: The future of the force sensor market looks promising with opportunities in the automotive, aerospace & defense, healthcare, industrial, and electronic markets.
Q5. Who are the key force sensor market companies?
Answer: Some of the key force sensor companies are as follows:
• Spectris
• HONEYWELL
• TE Connectivity
• Sensata Technologies
• Infineon Technologies
• Texas Instruments
• ABB
• Siemens
• Gefran
• Vishay Precision Group
Q6. Which force sensor market segment will be the largest in future?
Answer: Lucintel forecasts that piezoelectric force sensors will remain the highest growing segment over the forecast period due to its use in touch pads of mobile phones and to monitor combustion in internal combustion engines.
Q7. In force sensor market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to high manufacturing base in China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the force sensor market by sensor type (piezoelectric force sensors, strain gauges, load cells, capacitive force sensors, magnetoelastic force sensors, and others), measuring system (hydraulic, pneumatic, elastic devices, vibrating elements, and others), end use industry (automotive, aerospace & defense, industrial, healthcare, electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Force Sensor Market, Force Sensor Market Size, Force Sensor Market Growth, Force Sensor Market Analysis, Force Sensor Market Report, Force Sensor Market Share, Force Sensor Market Trends, Force Sensor Market Forecast, Force Sensor Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Force Sensor Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Force Sensor Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Force Sensor Market by Sensor Type
3.3.1: Piezoelectric Force Sensors
3.3.2: Strain Gauges
3.3.3: Load Cells
3.3.4: Capacitive Force Sensors
3.3.5: Magnetoelastic Force Sensors
3.3.6: Others
3.4: Global Force Sensor Market by Measuring System
3.4.1: Hydraulic
3.4.2: Pneumatic
3.4.3: Elastic Devices
3.4.4: Vibrating Elements
3.4.5: Others
3.5: Global Force Sensor Market by End Use Industry
3.5.1: Automotive
3.5.2: Aerospace & Defense
3.5.3: Industrial
3.5.4: Healthcare
3.5.5: Electronics
3.5.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Force Sensor Market by Region
4.2: North American Force Sensor Market
4.2.2: North American Force Sensor Market by End Use Industry: Automotive, Aerospace & Defense, Industrial, Healthcare, Electronics, and Others
4.3: European Force Sensor Market
4.3.1: European Force Sensor Market by Sensor Type: Piezoelectric Force Sensors, Strain Gauges, Load Cells, Capacitive Force Sensors, Magnetoelastic Force Sensors, and Others
4.3.2: European Force Sensor Market by End Use Industry: Automotive, Aerospace & Defense, Industrial, Healthcare, Electronics, and Others
4.4: APAC Force Sensor Market
4.4.1: APAC Force Sensor Market by Sensor Type: Piezoelectric Force Sensors, Strain Gauges, Load Cells, Capacitive Force Sensors, Magnetoelastic Force Sensors, and Others
4.4.2: APAC Force Sensor Market by End Use Industry: Automotive, Aerospace & Defense, Industrial, Healthcare, Electronics, and Others
4.5: ROW Force Sensor Market
4.5.1: ROW Force Sensor Market by Sensor Type: Piezoelectric Force Sensors, Strain Gauges, Load Cells, Capacitive Force Sensors, Magnetoelastic Force Sensors, and Others
4.5.2: ROW Force Sensor Market by End Use Industry: Automotive, Aerospace & Defense, Industrial, Healthcare, Electronics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Force Sensor Market by Sensor Type
6.1.2: Growth Opportunities for the Global Force Sensor Market by Measuring System
6.1.3: Growth Opportunities for the Global Force Sensor Market by End Use Industry
6.1.4: Growth Opportunities for the Global Force Sensor Market by Region
6.2: Emerging Trends in the Global Force Sensor Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Force Sensor Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Force Sensor Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Spectris
7.2: HONEYWELL
7.3: TE Connectivity
7.4: Sensata Technologies
7.5: Infineon Technologies
7.6: Texas Instruments
7.7: ABB
7.8: Siemens
7.9: Gefran
7.10: Vishay Precision Group
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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