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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

A Force Sensor is used for measuring the amount of force applied to an object. Force sensors are used in a wide range of products and applications such as medical devices, automobiles, electronic devices, and others. Growing industrial automation and changing manufacturing landscape are some of the major factors driving growth of the market. Increasing adoption of force sensor in the automotive industry is expected to accelerate the growth of the market during the forecast period. Furthermore, rising demand for advanced medical equipment in the healthcare sector is generating demand for force sensors.

The global force sensor market is expected to witness significant growth during the forecast period (2020–2027) due to the increasing adoption force sensor in the IoT. The adoption of IoT technology is rapidly increasing in various industries such as automotive, healthcare, consumer electronics, and others. The force sensor enables user to communicate with these advanced IoT devices with the help of physical parameters such as pressure and others. Rapidly increasing adoption of IoT devices in the automation, healthcare, and industries is driving the global force sensor market growth during the forecast period. For instance, according to Coherent Market Insights’ analysis, the global IoT device market is expected to reach US$ 568.3 Mn by 2023. There are wide range of force sensors available in the market with different sizes and shapes, however, the basic operation remains the same in which applied force is inversely proportional to resistance in the sensor. Many key players in the market are offering wide range of products especially for IoT sensor market. For instance, TE Connectivity, a Switzerland-based sensor products manufacturing company, is offering Force Load Cells for Internet of Things (IoT) market, which can be used for consumer devices, Industry 4.0, and medical applications in order to collect wide range of data. The highly advanced force load cells developed by TE Connectivity can offer accurate measurement with high reliability.

Counterfeit semiconductor is a major problem across the force sensor market, where genuine product is replaced by faulty product causing damage to the equipment. Counterfeit semiconductor components create major risks in the global semiconductor supply chains, public health and safety, and civilian, and military infrastructure. This is a major issue in various countries across the world, despite gradual improvements in enforcement of intellectual property rights across the world.

Global Force Sensor Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including, automotive, medical & healthcare, consumer electronics, clothing & textile, food & beverage, manufacturing, aerospace & defense, oil & gas, construction, agriculture, and others. In order to evaluate the overall impact on the global force sensor market, the company should consider short term impact and long term impact of the COVID 19 on the industry. In short term, force sensor market is largely effected as many key players in the market had to temporarily closedown the production facilities in order to safeguard their employees health. Furthermore, on the supply chain side, uavailability of raw materials for manufacturing of components due to complete lockdown is a major restraint for the growth of the market. Due to delay in supply of raw materials and component, the manufacturing companies were unable to deliver the products in the market. Therefore, in the short term, the force sensor market is largely affected by the pandemic. As governments are opening up in phases in many countries, production is resuming, however, companies are still working with partial employees on the shop floor and remaining from home.

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Force Sensor Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2021: US$ 8,558.3Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2027
Forecast Period 2021 to 2027 CAGR: 7.1% 2027 Value Projection: US$ 12,910.0 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Technology: Capacitive Force Sensor, Piezoresistive Force Sensor, Piezoelectric Force Sensor, Magneto-elastic Force Sensor and Others (Optical Force Sensor, etc.)
  • By Application: Monitoring & Control and Testing & Measurement
  • By End use Vertical: Automotive, Medical & Healthcare, Consumer Electronics, Clothing & Textile, Food & Beverage, Manufacturing, Aerospace & Defense, Oil & Gas, Construction, Agriculture and Others
  • By Automotive Application: Motor Speed Control, Seat Occupancy Detection, Steering Wheel Control Console, Mirror Adjustor, Gear Knob, Brake, Assembly Parts Detection, Suspension Force Measurement, Gasket Force Monitoring and Others
Companies covered:

Honeywell International Inc., Texas Instruments Incorporated, ATI Industrial Automation, Inc., TE Connectivity, Tekscan, Inc., Racelogic Ltd, Magnetic Sense GmbH, SensorData Technologies, Inc., Sensors And Synergy S.A. (SENSY S.A.), Sensata Technologies, HBM, Strainsert, Inc., FUTEK Advanced Sensor Technology, Inc., Gefran, Althen Sensors, PCB Piezotronics, OMRON Corporation, WIKA Alexander Wiegand SE & Co. KG, Flintec Inc.

Growth Drivers:
  • The increasing adoption force sensor in the IoT
  • Growing Industrial Automation And Changing Manufacturing Landscape
Restraints & Challenges:
  • Long Regulatory Approval Processes
  • Counterfeit Semiconductor Components

Asia Pacific is expected to held dominant position in the global force sensor market during the forecast period

Statistics:

Asia Pacific held dominant position in the global force sensor market in 2021, accounting for 38.3% share in terms of value, followed by Europe, North America and Rest of the world.

Figure 1: Global Force Sensor Market Share (%), By Region, 2021

Force Sensor  | Coherent Market Insights

Asia Pacific is expected to exhibit highest growth during the forecast period owing to growing adoption of consumer electronics such as smartphones, tablets, and increasing demand for smart wearable in emerging economies. The increasing production of electronics in countries such as India has created lucrative demand for force sensors in the market. For instance, according to Indian Cellular Association (ICA), the annual production of mobile phones reached 11 million in 2017 from 3 million in 2014. Furthermore, the increasing demand for smart watches from athletes and fitness enthusiasts is driving the segment growth. Currently, smart watches are used by cyclists, runners, and athletes, owing to the wide range of monitoring capabilities is expected to drive growth of the market. For instance, according to Coherent Market Insights’ report, the number of smart wearable across the globe increased from 523.3 million in 2017 to 832.3 million in 2020.

Europe is expected to exhibit significant growth during the forecast period. This is attributed to the presence of large automobile players such as Toyota Motor Corporation, BMW Group, and others in the region. Automotive manufacturers are focusing on using advanced, secure, and more secure sensor-based products for various automotive applications. Furthermore, the rising industrialization and urbanization, and widespread adoption of force sensors in consumer electronics and utility sector are the major factors driving the market growth. For instance, in April 2020, Robert Bosch GmbH launched sensor for smartphones, smart wearables, and hearable devices. The increasing demand for smart watches from athletes and fitness is driving demand for smart watches. Currently, smart watches are used by cyclists, runners, and athletes, owing to the wide range of monitoring capabilities. For instance, according to Coherent Market Insights’ analysis, the revenue of smart wearable market in Europe is expected to reach US$ 2922.3 million in 2021.

Automotive segment is expected to drive the market growth during the forecast period

Among End-use Vertical, the automotive segment is expected to hold dominant position in the global force sensor market during the forecast period. This is attributed to the increasing automotive sales and production of vehicles across the globe is aiding in the segment growth during the forecast period. For instance, according to the OICA (Organisation Internationale des Constructeurs Automobiles), in 2019, the automobile sales in China reached 21.4 million units and approximately 67 million passenger cars were manufactured worldwide.

In the recent past, the automotive sector created a huge demand for touchscreen units. In addition, automotive manufacturers such as Toyota Motor Corporation, BMW Group, and others are focusing on using advanced, secure, and more secure sensor-based products for various automotive applications.

Figure 2: Global Force Sensor Market Value (US$ Bn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2027

Force Sensor  | Coherent Market Insights

The global force sensor market was valued at US$ 8,558.3 Mn in 2021 and is expected to reach US$ 12,910.0 Bn by 2027 at a CAGR of 7.1% between 2021 and 2027.

Major players operating in the global force sensor market include Honeywell International Inc., Texas Instruments Incorporated, ATI Industrial Automation, Inc., TE Connectivity, Tekscan, Inc., Racelogic Ltd, Magnetic Sense GmbH, SensorData Technologies, Inc., Sensors And Synergy S.A. (SENSY S.A.), Sensata Technologies, HBM, Strainsert, Inc., FUTEK Advanced Sensor Technology, Inc., Gefran, Althen Sensors, PCB Piezotronics, OMRON Corporation, WIKA Alexander Wiegand SE & Co. KG, Flintec Inc.

A Force Sensor is used for measuring the amount of force applied to an object. Force sensors are used in a wide range of products and applications such as medical devices, automobiles, electronic devices, and others. Rising demand for advanced medical equipment in the healthcare sector is impacting growth of the force sensor market. Medical equipment such as automated pumps (in order to monitor performance), micro-needle therapy, accurate CPR treatment, and others are vastly using force sensors to monitor the equipment process.

To improve the healthcare sector and provide better healthcare facility to the patients, hospitals and healthcare institutes are adopting advanced technologies such as connected devices to provide insightful data to healthcare workers, which will drive adoption of force sensors in the healthcare sector. According to Coherent Market Insights’ analysis, the global healthcare spending is expected to register 5.2% growth in the period 2019-2025. Furthermore, due to current situation (COVID-19 pandemic), various government organizations across the globe are largely investing in the healthcare sector. For instance, according to India Brand Equity Foundation, the Government of India announced US$ 9.87 million investment in the health sector in Union Budget 2020-21.

Market Dynamics

Increasing adoption of force sensor in the automotive industry is driving the market growth during the forecast period. Sensors are essential components of various automotive electronic control systems including tire pressure monitoring systems (TPMS), oil pressure sensing (OPS), and engine management system (MAP/BAP). Demand for sensors per vehicle is increasing due to changing government regulations on emissions monitoring & braking systems, and rising fuel efficiency standards. For instance, according to General Safety Regulation implemented by European Union in November 2019, it is mandatory to use various sensors to assist driver and increase driver’s safety by using various sensors. Moreover, various key automotive manufacturers are using various sensors to enhance user experience by passenger car manufacturers, which is expected to accelerate demand for force sensors from the automotive industry, globally.

Furthermore, key manufacturers in the global force sensor market are also offering various force sensors for automotive industry. For instance, Sensitronics, LLC, a U.S.-based force sensor manufacturing company, is offering various custom single zone force sensing resistors such as 1-Inch ShuntMode FSR, 1-Inch ShuntMode FSR, and others for automotive market. These advanced sensors provide accuracy for vehicle control.

Key features of the study:

  • This report provides in-depth analysis of global force sensor market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global force sensor market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include Honeywell International Inc., Texas Instruments Incorporated, ATI Industrial Automation, Inc., TE Connectivity, Tekscan, Inc., Racelogic Ltd, Magnetic Sense GmbH, SensorData Technologies, Inc., Sensors And Synergy S.A. (SENSY S.A.), Sensata Technologies,hbm, Strainsert, Inc., FUTEK Advanced Sensor Technology, Inc., Gefran, Althen Sensors, PCB Piezotronics, OMRON Corporation, WIKA Alexander Wiegand SE & Co. KG, Flintec Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global force sensor market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global force sensor market

Detailed Segmentation

  • Global Force Sensor Market, By Technology:
    • Capacitive Force Sensor
    •  Piezoresistive Force Sensor
    •  Piezoelectric Force Sensor
    •  Magneto-elastic Force Sensor
    •  Others (Optical Force Sensor, etc.)
  • Global Force Sensor Market, By Application:
    • Monitoring & Control
    • Testing & Measurement
  • Global Force Sensor Market, By End use Vertical:
    •  Automotive
    •  Medical & Healthcare
    •  Consumer Electronics
    •  Clothing & Textile
    •  Food & Beverage
    •  Manufacturing
    •  Aerospace & Defense
    •  Oil & Gas
    •  Construction
    •  Agriculture
    •  Others
  • Global Force Sensor Market, By Automotive Application:
    • Motor Speed Control
    • Seat Occupancy Detection
    • Steering Wheel Control Console
    • Mirror Adjustor
    •  Gear Knob
    •  Brake
    •  Assembly Parts Detection
    •  Suspension Force Measurement
    •  Gasket Force Monitoring
    • Others
  • Global Force Sensor Market, By Region:
    • North America
      • By Technology:
        • Touch Sensor
        • Motion Sensor
        • Position Sensor
        • Others
      • By Application:
        • Monitoring & Control
        • Testing & Measurement
      • By End use Vertical:
        • Automotive
        • Medical & Healthcare
        • Consumer Electronics
        • Clothing & Textile
        • Food & Beverage
        • Manufacturing
        • Aerospace & Defense
        • Oil & Gas
        • Construction
        • Agriculture
        • Others
      • By Automotive Application:
        • Motor Speed Control
        • Seat Occupancy Detection
        • Steering Wheel Control Console
        • Mirror Adjustor
        • Gear Knob
        • Brake
        • Assembly Parts Detection
        • Suspension Force Measurement
        • Gasket Force Monitoring
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Technology:
        • Touch Sensor
        • Motion Sensor
        • Position Sensor
        • Others
      • By Application:
        • Monitoring & Control
        • Testing & Measurement
      • By End use Vertical:
        • Automotive
        • Medical & Healthcare
        • Consumer Electronics
        • Clothing & Textile
        • Food & Beverage
        • Manufacturing
        • Aerospace & Defense
        • Oil & Gas
        • Construction
        • Agriculture
        • Others
      • By Automotive Application:
        • Motor Speed Control
        • Seat Occupancy Detection
        • Steering Wheel Control Console
        • Mirror Adjustor
        • Gear Knob
        • Brake
        • Assembly Parts Detection
        • Suspension Force Measurement
        • Gasket Force Monitoring
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Technology:
        • Touch Sensor
        • Motion Sensor
        • Position Sensor
        • Others
      • By Application:
        • Monitoring & Control
        • Testing & Measurement
      • By End use Vertical:
        • Automotive
        • Medical & Healthcare
        • Consumer Electronics
        • Clothing & Textile
        • Food & Beverage
        • Manufacturing
        • Aerospace & Defense
        • Oil & Gas
        • Construction
        • Agriculture
        • Others
      • By Automotive Application:
        • Motor Speed Control
        • Seat Occupancy Detection
        • Steering Wheel Control Console
        • Mirror Adjustor
        • Gear Knob
        • Brake
        • Assembly Parts Detection
        • Suspension Force Measurement
        • Gasket Force Monitoring
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Technology:
        • Touch Sensor
        • Motion Sensor
        • Position Sensor
        • Others
      • By Application:
        • Monitoring & Control
        • Testing & Measurement
      • By End use Vertical:
        • Automotive
        • Medical & Healthcare
        • Consumer Electronics
        • Clothing & Textile
        • Food & Beverage
        • Manufacturing
        • Aerospace & Defense
        • Oil & Gas
        • Construction
        • Agriculture
        • Others
      • By Automotive Application:
        • Motor Speed Control
        • Seat Occupancy Detection
        • Steering Wheel Control Console
        • Mirror Adjustor
        • Gear Knob
        • Brake
        • Assembly Parts Detection
        • Suspension Force Measurement
        • Gasket Force Monitoring
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By Technology:
        • Touch Sensor
        • Motion Sensor
        • Position Sensor
        • Others
      • By Application:
        • Monitoring & Control
        • Testing & Measurement
      • By End use Vertical:
        • Automotive
        • Medical & Healthcare
        • Consumer Electronics
        • Clothing & Textile
        • Food & Beverage
        • Manufacturing
        • Aerospace & Defense
        • Oil & Gas
        • Construction
        • Agriculture
        • Others
      • By Automotive Application:
        • Motor Speed Control
        • Seat Occupancy Detection
        • Steering Wheel Control Console
        • Mirror Adjustor
        • Gear Knob
        • Brake
        • Assembly Parts Detection
        • Suspension Force Measurement
        • Gasket Force Monitoring
        • Others
      • By Country:
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  • Company Profiles
    • Honeywell International Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Texas Instruments Incorporated
    • ATI Industrial Automation, Inc.
    • TE Connectivity
    • Tekscan, Inc.
    • Racelogic Ltd
    • Magnetic Sense GmbH
    • SensorData Technologies, Inc.
    • Sensors And Synergy S.A. (SENSY S.A.)
    • Sensata Technologies
    • HBM
    • Strainsert, Inc.
    • FUTEK Advanced Sensor Technology, Inc.
    • Gefran
    • Althen Sensors
    • PCB Piezotronics
    • OMRON Corporation
    • WIKA Alexander Wiegand SE & Co. KG
    • Flintec Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Application
      • Market Snippet, By End use Vertical
      • Market Snippet, By Automotive Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
    • Impact of COVID-19
  4. Global Force Sensor Market, By Technology, 2021-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2027 (%)
      • Segment Trends
    • Capacitive Force Sensor
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Piezoresistive Force Sensor
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Piezoelectric Force Sensor
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Magneto-elastic Force Sensor
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Others (Optical Force Sensor, etc.)
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
  5. Global Force Sensor Market, By Application, 2021-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2027 (%)
      • Segment Trends
    • Monitoring & Control
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Testing & Measurement
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
  6. Global Force Sensor Market, By End use Vertical, 2021-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2027 (%)
      • Segment Trends
    • Automotive
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Medical & Healthcare
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Consumer Electronics
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Clothing & Textile
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Food & Beverage
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Manufacturing
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Oil & Gas
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Construction
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Agriculture
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
  7. Global Force Sensor Market, By Automotive Application, 2021-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2027 (%)
      • Segment Trends
    • Motor Speed Control
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Seat Occupancy Detection
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Steering Wheel Control Console
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Mirror Adjustor
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Gear Knob
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Brake
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Assembly Parts Detection
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Suspension Force Measurement
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Gasket Force Monitoring
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2021–2027, (US$ Million)
  8. Global Force Sensor Market, By Region, 2021-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2021 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Type, 2021–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2027 (US$ Million)
      • Market Size and Forecast, By End use Vertical, 2021–2027 (US$ Million)
      • Market Size and Forecast, By Automotive Application, 2021–2027 (US$ Million)
      • Market Share Analysis, By Country, 2021 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Type, 2021–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2027 (US$ Million)
      • Market Size and Forecast, By End use Vertical, 2021–2027 (US$ Million)
      • Market Size and Forecast, By Automotive Application, 2021–2027 (US$ Million)
      • Market Share Analysis, By Country, 2021 and 2027 (%)
        • U.K.
        • Germany
        • Spain
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Type, 2021–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2027 (US$ Million)
      • Market Size and Forecast, By End use Vertical, 2021–2027 (US$ Million)
      • Market Size and Forecast, By Automotive Application, 2021–2027 (US$ Million)
      • Market Share Analysis, By Country, 2021 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Type, 2021–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2027 (US$ Million)
      • Market Size and Forecast, By End use Vertical, 2021–2027 (US$ Million)
      • Market Size and Forecast, By Automotive Application, 2021–2027 (US$ Million)
      • Market Share Analysis, By Country, 2021 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Type, 2021–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2027 (US$ Million)
      • Market Size and Forecast, By End use Vertical, 2021–2027 (US$ Million)
      • Market Size and Forecast, By Automotive Application, 2021–2027 (US$ Million)
      • Market Share Analysis, By Country/Region, 2021 and 2027 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • Honeywell International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Texas Instruments Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ATI Industrial Automation, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TE Connectivity
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tekscan, Inc.
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Racelogic Ltd
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Magnetic Sense GmbH
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SensorData Technologies, Inc.
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sensors And Synergy S.A. (SENSY S.A.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sensata Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • HBM
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Strainsert, Inc.
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • FUTEK Advanced Sensor Technology, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Gefran
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Althen Sensors
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • PCB Piezotronics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • OMRON Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • WIKA Alexander Wiegand SE & Co. KG
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Flintec Inc.
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Force Sensor Market - Global forecast to 2027”.

Frequently Asked Questions

The global force sensor market is expected to reach US$ 9,011.9 million by 2022.
The market is expected to witness a CAGR of 7.1% during the forecast period (2021-2027).
The increasing adoption force sensor in the IoT is expected to drive growth of the market during the forecast period.
The brake segment held the largest market share among automotive application, owing to manufacturers are focusing on developing new brake products with new features in order to remain competitive in the market. For instance, AVL, an Austria-based automotive consulting firm, launched piezoelectric brake torque sensor are used to measure brake drag over a long distance and suitable for racing applications.
Asia Pacific region held the largest share in the global force sensor market in 2021, accounting for 38.3% share in terms of value.
Key players operating in the market include Honeywell International Inc., Texas Instruments Incorporated, ATI Industrial Automation, Inc., TE Connectivity, Tekscan, Inc., Racelogic Ltd, Magnetic Sense GmbH, SensorData Technologies, Inc., Sensors And Synergy S.A. (SENSY S.A.), Sensata Technologies, HBM, Strainsert, Inc., FUTEK Advanced Sensor Technology, Inc., Gefran, Althen Sensors, PCB Piezotronics, OMRON Corporation, WIKA Alexander Wiegand SE & Co. KG, Flintec Inc.
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