| Status : Published | Published On : Jan, 2024 | Report Code : VRSME9036 | Industry : Semiconductor & Electronics | Available Format :
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Page : 187 |
The Force Sensor Market is poised for significant growth, projected to reach USD 3.11 billion by 2030, expanding at a CAGR of 5.25% from 2023. In 2023 the respective market size was USD 0.92 billion. These sensors play a crucial role in measuring applied force on objects, and their demand is on the rise. Force sensors are increasingly sought after across various applications, offering numerous advantages such as high accuracy, reliability, quick response time, efficiency, communication capabilities, and robustness.
Force sensors find extensive utility in a wide range of industries, including medical devices, automobiles, and electronics. Their reliable performance and precise measurement capabilities make them indispensable in these sectors. As the market continues to expand, the force sensor industry is expected to witness substantial growth, driven by the growing demand for advanced sensor technologies.
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Increasing industrial automation and the changing manufacturing landscape are some of the key factors driving the market growth. The rise in the adoption of force sensors in the automotive industry is anticipated to boost market growth during the forecast period. Moreover, the increasing demand for advanced medical equipment in the healthcare sector is creating a demand for force sensors such as infusion pumps, insulin pumps, etc. The demand for force sensors goes in direct proportion to the global demand for medical devices. Nevertheless, the prevalence of chronic diseases among a large number of people, increase in demand for industrial robots, rise in adoption of IoT, are driving the growth of the force sensor market globally.
The COVID-19 outbreak has impacted the production process of various industries in the market. The government has declared complete lockdown and there is a temporary shutdown of industries which has hampered the global market. It also has affected the supply chain due to the unavailability of raw materials for the manufacturing of components. The Asian and European countries have suffered the loss of business and revenue due to the halting of operations in production and manufacturing industries, resulting in a slowdown of the growth of the force sensor market in 2023. The automotive sector has halted its production facility owing to COVID-19, resulting in decreasing demand in industries. This has resulted in large-scale manufacturing interruption in Europe and interruption in Chinese part exports, thus hampering the growth of the force sensor market.
Based upon technology, the force sensor market is categorized into optic force sensor, piezoelectric force sensor, piezo-resistive force sensor, strain gauge, capacitive force sensor, magnetic force sensor, electrochemical force sensor, ultrasonic force sensor, and load cell sensor. and others. Of all these segments, strain gauge has the largest share in the global force sensor market as it provides enhanced stability to its users for a longer time duration along with ensuring a high level of linearity. Also, the piezoelectric force sensor is anticipated to grow at a faster pace in the global force sensor market due to its use in touchpads of mobile phones and to monitor combustion in internal combustion engines. Capacitive force sensors are important in applications of a computer mouse, mobile phones, and digital audio players due to excellent sensitivity, repeatability, and temperature stability.
Based on force type, the force sensor market is segmented into compression force sensor, tension force sensor, and compression & tension force sensor. The compression & tension force sensor is anticipated to witness the largest share during the forecast period. These sensors use transducers to measure tension and compression force. They are used in miniature designs for application with limited space or to measure small forces. The tension and compression force sensor segment is propelled by the rising adoption of sensors in medical and material testing fields.
Based on end-user, the force sensor market is segmented into packaging, healthcare, aerospace and defense, industrial manufacturing, consumer electronics, automotive, and others. Of all these segments, consumer electronics is expected to have the fastest growth during the forecast period, owing to the rise in the adoption of force sensors in consumer electronic devices such as smartwatches, smartphone products, and laptops. Furthermore, extensive applicability in home appliances such as laundry, kitchen, and heating controllers will boost the growth of the force sensor market globally. The automotive segment holds a significant share as force sensors are an essential component in automotive electric control systems including oil pressure sensing, tire pressure monitoring, and engine management system. There are strict government regulations for emission monitoring that have further enhanced the usage of force sensors in the automotive industry.
|
Report Metric |
Details |
|
Historical Period |
2020 - 2024 |
|
Base Year Considered |
2025 |
|
Forecast Period |
2026 - 2035 |
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Market Size in 2025 |
U.S.D. 0.92 Billion |
|
Revenue Forecast in 2035 |
U.S.D. 3.11 Billion |
|
Growth Rate |
5.25% |
|
Segments Covered in the Report |
By Technology, By Force Type and By End User |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
The force sensor market is experiencing significant growth due to the growing adoption and utilization of force sensors in various sectors such as construction, industrial, and manufacturing. This increasing trend is primarily responsible for driving the expansion of the force sensor market. Additionally, the healthcare industry's rising demand for force sensors, coupled with the widespread use of IoT technology, the increasing adoption of advanced driver assistance systems (ADAS), and the integration of force sensors in robotics, contribute to the flourishing market growth. Therefore, the global force sensor market is expected to witness substantial growth driven by factors like cost-effective manufacturing, high reliability, and accuracy of force sensors.
The underdeveloped after-market distribution channel and volatility in the demand across multiple end-use sectors of the force sensors act as a restraining factor for the growth of the force sensor market players, globally. The after-market distribution channel for the force sensors needs to be channelized through proper marketing strategies that can help key players in improving their corporate image.
Globally market players are taking advantage of market growth by developing innovative solutions and providing users with advanced solutions and improve performance that can help them performing efficient business operations. Furthermore, industry players are undertaking research and development activities in order to improve its offering and expand its consumer base.
Geographically, Europe dominates the global force sensor market, owing to the presence of large automobile companies in the region. Moreover, the increase in industrialization and urbanization and widespread adoption of a force sensor in the utility sector are the key factors that drive the growth of the force sensor market in this region.
Moreover, the force sensor market in Asia-Pacific is anticipated to witness substantial growth during the forecast period because of the expansion in the healthcare sector rising urbanization, and the changing infrastructure in this region. Countries such as China, Japan, and Australia are anticipated to have a significant share of force sensors. Furthermore, there are several initiatives undertaken by the government authorities such as policy for industrial safety that are propelling the growth of the force sensor market exponentially.
The industry players in the force sensor market are strengthening their market position by improving the quality of their existing offerings and developing the latest technology. In addition, it is observed that local players rely on new technologies to improve cost efficiency, safety, and security-based products thereby increasing market competition to a certain extent. The industry players are attracted by the expanding market and underlying latent demand, thereby expanding their business by new product development, strategic mergers and acquisitions, and partnerships with several industries. The prominent players in the force sensor market include Honeywell International Inc., Futek Advanced Sensor Technologies, TE Connectivity, Tekscan, Inc., Sherborne Sensors Inc, Measurement & Control Solutions, Infineon Technologies AG, and Siemens AG.
Swiss sensor product manufacturing company TE Connectivity is providing Force Load Cells for the Internet of Things (IoT) market, which can be used in consumer devices, Industry 4.0, and medical applications to collect a wide range of data. The highly advanced force load cells developed by TE Connectivity can provide accurate and highly reliable measurements.
The Force Sensor Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
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Source: VynZ Research
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Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Technology
1.2.2. By End- User
1.2.3. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Technology Type
5.1.1. Optic Force SensorPiezoelectric
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Piezoelectric Force Sensor
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.1.3. Piezoresistive Force Sensor
5.1.3.1. Market Definition
5.1.3.2. Market Estimation and Forecast to 2030
5.1.4. Strain Gauge
5.1.4.1. Market Definition
5.1.4.2. Market Estimation and Forecast to 2030
5.1.5. Capacitive Force Sensor
5.1.5.1. Market Definition
5.1.5.2. Market Estimation and Forecast to 2030
5.1.6. Magnetic Force Sensor
5.1.6.1. Market Definition
5.1.6.2. Market Estimation and Forecast to 2030
5.1.7. Electrochemical Force Sensor
5.1.7.1. Market Definition
5.1.7.2. Market Estimation and Forecast to 2030
5.1.8. Ultrasonic Force Sensor
5.1.8.1. Market Definition
5.1.8.2. Market Estimation and Forecast to 2030
5.1.9. Load Cell Sensor
5.1.9.1. Market Definition
5.1.9.2. Market Estimation and Forecast to 2030
5.1.10. Others
5.1.10.1. Market Definition
5.1.10.2. Market Estimation and Forecast to 2030
5.2 By Force Type
5.2.1. Compression Force Sensor
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Tension Force Sensor
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. Compression & Tension Force Sensor
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.2. By End- User
5.2.1. Packaging
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Healthcare
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. Aerospace and Defence
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.2.4. Industrial Manufacturing
5.2.4.1. Market Definition
5.2.4.2. Market Estimation and Forecast to 2030
5.2.5. Consumer Electronics
5.2.5.1. Market Definition
5.2.5.2. Market Estimation and Forecast to 2030
5.2.6. Automotive
5.2.6.1. Market Definition
5.2.6.2. Market Estimation and Forecast to 2030
5.2.7. Others
5.2.7.1. Market Definition
5.2.7.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Technology
6.2 By Force Type
6.3. By End- User
6.4. By Country
6.4.1. U.S. Market Estimate and Forecast
6.4.2. Canada Market Estimate and Forecast
6.4.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Technology
7.2 By Force Type
7.3. By End- User
7.4. By Country
7.4.1. Germany Market Estimate and Forecast
7.4.2. France Market Estimate and Forecast
7.4.3. U.K. Market Estimate and Forecast
7.4.4. Italy Market Estimate and Forecast
7.4.5. Spain Market Estimate and Forecast
7.4.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Technology
8.2. By Force Type
8.3. By End- User
8.4. By Country
8.4.1. China Market Estimate and Forecast
8.4.2. Japan Market Estimate and Forecast
8.4.3. India Market Estimate and Forecast
8.4.4. South Korea Market Estimate and Forecast
8.4.5. Singapore Market Estimate and Forecast
8.4.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Technology
9.2. By Force Type
9.3. By End- User
9.4. By Country
9.4.1. Brazil Market Estimate and Forecast
9.4.2. Saudi Arabia Market Estimate and Forecast
9.4.3. South Africa Market Estimate and Forecast
9.4.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Honeywell International Inc.
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Futek Advanced Sensor Technologies
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. TE Connectivity
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. Tekscan, Inc.
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Sherborne Sensors Inc
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. Measurement & Control Solutions
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. Infineon Technologies AG
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. Siemens AG
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Force Sensor Market Size, By Technology, 2018 - 2023 (USD Billion)
Table 5 Global Force Sensor Market Size, By Technology, 2025 - 2030 (USD Billion)
Table 6 Global Force Sensor Market Size, By Force Type, 2018 - 2023 (USD Billion)
Table 7 Global Force Sensor Market Size, By Force Type, 2025 - 2030 (USD Billion)
Table 6 Global Force Sensor Market Size, By End User, 2018 - 2023 (USD Billion)
Table 7 Global Force Sensor Market Size, By End User, 2025 - 2030 (USD Billion)
Table 8 Global Force Sensor Market Size, by Region, 2018 - 2023 (USD Billion)
Table 9 Global Force Sensor Market Size, by Region, 2025 - 2030 (USD Billion)
Table 10 North America Force Sensor Market Size, By Technology, 2018 - 2023 (USD Billion)
Table 11 North America Force Sensor Market Size, By Technology, 2025 - 2030 (USD Billion)
Table 12 North America Force Sensor Market Size, By Force Type, 2018 - 2023 (USD Billion)
Table 13 North America Force Sensor Market Size, By Force Type, 2025 - 2030 (USD Billion)
Table 14 North America Force Sensor Market Size, By End User, 2018 - 2023 (USD Billion)
Table 15 North America Force Sensor Market Size, By End User, 2025 - 2030 (USD Billion)
Table 16 North America Force Sensor Market Size, by Region, 2018 - 2023 (USD Billion)
Table 17 North America Force Sensor Market Size, by Region, 2025 - 2030 (USD Billion)
Table 18 Europe Force Sensor Market Size, By Technology, 2018 - 2023 (USD Billion)
Table 19 Europe Force Sensor Market Size, By Technology, 2025 - 2030 (USD Billion)
Table 20 Europe Force Sensor Market Size, By Force Type, 2018 - 2023 (USD Billion)
Table 21 Europe Force Sensor Market Size, By Force Type, 2025 - 2030 (USD Billion)
Table 22 Europe Force Sensor Market Size, By End User, 2018 - 2023 (USD Billion)
Table 23 Europe Force Sensor Market Size, By End User, 2025 - 2030 (USD Billion)
Table 24 Europe Force Sensor Market Size, by Region, 2018 - 2023 (USD Billion)
Table 25 Europe Force Sensor Market Size, by Region, 2025 - 2030 (USD Billion)
Table 26 Asia-Pacific Force Sensor Market Size, By Technology, 2018 - 2023 (USD Billion)
Table 27 Asia-Pacific Force Sensor Market Size, By Technology, 2025 - 2030 (USD Billion)
Table 28 Asia-Pacific Force Sensor Market Size, By Force Type, 2018 - 2023 (USD Billion)
Table 29 Asia-Pacific Force Sensor Market Size, By Force Type, 2025 - 2030 (USD Billion)
Table 30 Asia-Pacific Force Sensor Market Size, By End User, 2018 - 2023 (USD Billion)
Table 31 Asia-Pacific Force Sensor Market Size, By End User, 2025 - 2030 (USD Billion)
Table 32 Asia-Pacific Force Sensor Market Size, by Region, 2018 - 2023 (USD Billion)
Table 33 Asia-Pacific Force Sensor Market Size, by Region, 2025 - 2030 (USD Billion)
Table 34 RoW Force Sensor Market Size, By Technology, 2018 - 2023 (USD Billion)
Table 35 RoW Force Sensor Market Size, By Technology, 2025 - 2030 (USD Billion)
Table 36 RoW Force Sensor Market Size, By Force Type, 2018 - 2023 (USD Billion)
Table 37 RoW Force Sensor Market Size, By Force Type, 2025 - 2030 (USD Billion)
Table 38 RoW Force Sensor Market Size, By End User, 2018 - 2023 (USD Billion)
Table 39 RoW Force Sensor Market Size, By End User, 2025 - 2030 (USD Billion)
Table 40 RoW Force Sensor Market Size, by Region, 2018 - 2023 (USD Billion)
Table 41 RoW Force Sensor Market Size, by Region, 2025 - 2030 (USD Billion)
Table 42 Snapshot – Honeywell International Inc.
Table 43 Snapshot – Futek Advanced Sensor Technologies
Table 44 Snapshot – TE Connectivity Ltd
Table 45 Snapshot – Tekscan, Inc.
Table 46 Snapshot – Sherborne Sensors Inc
Table 47 Snapshot – Measurement & Control Solutions
Table 48 Snapshot – Infineon Technologies AG
Table 49 Snapshot – Siemens AG.
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Force Sensor Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Force Sensor Market Highlight
Figure 12 Global Force Sensor Market Size, By Technology, 2018 - 2030 (USD Billion)
Figure 13 Global Force Sensor Market Size, By Force Type, 2018 - 2030 (USD Billion)
Figure 14 Global Force Sensor Market Size, By End User, 2018 - 2030 (USD Billion)
Figure 15 Global Force Sensor Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 16 North America Force Sensor Market Highlight
Figure 17 North America Force Sensor Market Size, By Technology, 2018 - 2030 (USD Billion)
Figure 18 North America Force Sensor Market Size, By Force Type, 2018 - 2030 (USD Billion)
Figure 19 North America Force Sensor Market Size, By End User, 2018 - 2030 (USD Billion)
Figure 20 North America Force Sensor Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 21 Europe Force Sensor Market Highlight
Figure 22 Europe Force Sensor Market Size, By Technology, 2018 - 2030 (USD Billion)
Figure 23 Europe Force Sensor Market Size, By Force Type, 2018 - 2030 (USD Billion)
Figure 24 Europe Force Sensor Market Size, By End User, 2018 - 2030 (USD Billion)
Figure 25 Europe Force Sensor Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Force Sensor Market Highlight
Figure 27 Asia-Pacific Force Sensor Market Size, By Technology, 2018 - 2030 (USD Billion)
Figure 28 Asia-Pacific Force Sensor Market Size, By Force Type, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific Force Sensor Market Size, By End User, 2018 - 2030 (USD Billion)
Figure 30 Asia-Pacific Force Sensor Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 31 RoW Force Sensor Market Highlight
Figure 32 RoW Force Sensor Market Size, By Technology, 2018 - 2030 (USD Billion)
Figure 33 RoW Force Sensor Market Size, By Force Type, 2018 - 2030 (USD Billion)
Figure 34 RoW Force Sensor Market Size, By End User, 2018 - 2030 (USD Billion)
Figure 35 RoW Force Sensor Market Size, by Region, 2018 - 2030 (USD Billion)
Global Force Sensor Market Coverage
Technology Insight and Forecast 2025-2030
Force Type Insight and Forecast 2025-2030
End-User Insight and Forecast 2025-2030
Geographical Segmentation
The Global Force Sensor Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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