Force Sensor Market by Application, Technology , Operation, Force Type, and Geography – Global Forecast to 2024
The report "Force Sensor Market
by Application, Technology (Piezoelectric Force Sensor, Strain Gauge,
Load Cell, Capacitive Force Sensor, and Magnetoelastic Force Sensor),
Operation, Force Type, and Geography – Global Forecast to 2024",
is expected to grow from USD 1.8 billion in 2019 to USD 2.3 billion by
2024, at a CAGR of 5.5%. Rising demand for industrial robots and growing
safety features in automobiles are the key factors driving the growth
of the force sensor market.
Market for manufacturing applications to grow at highest CAGR during 2019–2024
The market size for manufacturing applications is
projected to grow at the highest CAGR during the forecast period. The
industrial sector includes manufacturing and process industries such as
semiconductor, automotive, and aerospace & defense. The large-scale
implementation of sensors across various industries for the purpose of
generating data and monitoring facilities are expected to offer
lucrative growth opportunities in this application.
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Piezoelectric force sensor to dominate force sensor market, by technology, in 2019
The market for piezoelectric force sensors is
expected to hold the largest share in 2019. Piezoelectric sensors detect
changes in pressure, acceleration, temperature, strain, and force and
convert the acquired data to an electrical charge. Hence, it is mostly
used in applications involving flex motions, touch, vibrations, and
shock measurement. Piezoelectric sensors are used in various industries,
such as healthcare, aerospace, and consumer electronics, as well as
nuclear instrumentation.
APAC to hold largest share of force sensor market in 2019
In terms of value, APAC is expected to dominate the
force sensor market in 2019. APAC is the largest market for force
sensors owing to China’s largest manufacturing output. It is one of the
largest manufacturers of consumer electronics, automobile, mining, and
other machinery.
METTLER TOLEDO (US), Spectris (US), Flintec (Sweden),
Vishay Precision Group (US), Honeywell (US), Gefran (Germany), Siemens
(Germany), TE Connectivity (Switzerland), Senata technologies (US),
Kistler (Switzerland), BCM Sensor Technologies. (Belgium), Baumer Group
(Switzerland), Tekscan (US), Lorrenz Messtechnik (Germany), Futek
Advanced Sensor Technology (US), Taiwan Alpha Electronic (Taiwan), Texas
Instruments (US), ABB (Swizterland), Uneo (Taiwan), and Priamus System
Technologies (Switzerland) are a few major companies dominating the force sensor market.
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