FORCE SENSOR MARKET ANALYSIS

Global Force Sensor market is estimated to be valued at US$ 13.2 Bn by 2030.

Force sensors are utilized to measure the magnitude of applied force on an object. They find application across various industries including medical devices, automobiles, and electronic devices. The market for force sensors is experiencing growth due to factors such as increasing industrial automation and evolving manufacturing practices. The automotive industry is witnessing a surge in the adoption of force sensors, contributing to market growth. Moreover, the healthcare sector's rising need for advanced medical equipment is driving the demand for force sensors. Global Force Sensor market is expected to witness significant growth during the forecast period (2023–2030), the global force sensor market is expected to witness significant growth during the forecast period (2023–2030) 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, 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.

The force sensor market faces a significant challenge with the presence of counterfeit semiconductors, which involve the substitution of genuine products with faulty ones, leading to equipment damage. Counterfeit semiconductor components pose substantial threats to the worldwide semiconductor supply chains, public health and safety, as well as civilian and military infrastructure. Despite some progress in enforcing intellectual property rights globally, this remains a significant problem in numerous countries around the globe.

Global Force Sensor Market: Regional Insights

In 2022, Asia Pacific region had a strong presence in the industry, with the largest market share of over 45% of total revenue, owing to increasing consumption of media and entertainment content, particularly among the middle-class population in the region. The industry is benefiting from growing demand for technologically advanced solutions that offer high quality, functionality, and affordable pricing. Market players such as Kaonmedia Co. Ltd. and Huawei Technologies Co., Ltd. are incorporating the latest technologies such as Bluetooth, motion sensors, and Virtual Reality (VR) into their products.

During the forecast period, Europe is anticipated to demonstrate notable growth in the force sensor market. This growth can be attributed to the region's strong presence of prominent automobile manufacturers such as Toyota Motor Corporation, BMW Group, and others. These automotive companies are increasingly prioritizing the utilization of advanced and secure sensor-based products across various automotive applications.

Moreover, the market growth in Europe is driven by factors such as increasing industrialization, urbanization, and the widespread adoption of force sensors in consumer electronics and the utility sector. These developments have created a favorable environment for the expansion of the force sensor market in the region.

Figure 1. Global Force Sensor Market Share (%), By Region, 2022

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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, unavailability of raw materials for manufacturing of components due to complete lockdown is a major restraint for the growth of the market

Global Force Sensor Market- Drivers

Increasing Demand in Automotive Industry

The automotive industry is a major driver for force sensors. The growing demand for advanced driver assistance systems (ADAS), electric vehicles, and autonomous vehicles requires the integration of force sensors for applications such as brake systems, steering systems, and occupant detection

Advancements in IoT and Industry 4.0

The integration of force sensors with Internet of Things (IoT) and Industry 4.0 technologies facilitates real-time monitoring, data analysis, and predictive maintenance. Force sensors provide valuable insights into machine performance, product quality, and process optimization, driving their adoption across various industries.

Global Force Sensor Market- Opportunities

Demand for Miniaturized and Flexible Sensors

The rising popularity of wearable devices, such as fitness trackers, smartwatches, and healthcare monitoring devices, provides a significant opportunity for force sensors. These sensors can be integrated into wearable’s to enable functions such as activity tracking, gesture recognition, and biometric measurements.

Integration with Artificial Intelligence (AI) and Machine Learning (ML)

The integration of force sensors with AI and ML technologies enables intelligent data analysis, predictive maintenance, and autonomous decision-making. This integration opens opportunities for advanced applications in predictive maintenance, smart manufacturing, and autonomous systems.

Global Force Sensor Market- Trends

Wireless and IoT Connectivity

Force sensors are increasingly incorporating wireless and IoT connectivity features. This allows for real-time data transmission, remote monitoring, and integration with IoT ecosystems. Wireless connectivity eliminates the need for physical cables, enhancing flexibility and enabling seamless integration with other smart devices and systems.

Advanced Materials and Sensing Technologies

The use of advanced materials and sensing technologies is gaining traction in the force sensor market. Innovations in materials such as piezoelectric materials, thin films, and flexible electronics offer improved sensitivity, durability, and performance. Additionally, emerging sensing technologies like optical force sensors and capacitive force sensors are being explored for enhanced accuracy and precision

Global Force Sensor Market- Restraints

High Manufacturing Cost

The complex technology and precision manufacturing processes involved in force sensors contribute to their relatively expensive production. This cost factor can hinder their widespread adoption, especially in industries or applications with budget constraints. The higher price point of force sensors compared to alternative sensing technologies limits their market penetration and can be a barrier to entry for some potential users

Challenges for Calibration and maintenance

Force sensors typically require regular calibration and maintenance to ensure accurate and reliable measurements. This can add additional costs and efforts for users, especially in industries where a large number of force sensors are deployed.

Figure 2: Global Force Sensor Market Share (%), By Application, 2022

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Global Force Sensor Market- Segmentation

Global Force Sensor Market report is segmented into technology, application, end use Vertical, automotive application and region.

By Technology: Capacitive Force Sensor, Piezoresistive  Force Sensor, Piezoelectric Force Sensor, Magneto-elastic Force Sensor, and others

By Application: Monitoring & Control, Testing & Measurement

By End use Vertical: Automotive, Medical & Healthcare, Consumer Electronics, Clothing & Textile, Food & Beverage, Manufacturing, Automotive & Defense, Oil & Gas, Construction, Agriculture and Others

By Automotive Application: Motor Speed Control, Seat Occupancy Detection, Steering Wheel Control Console, Gear Knob, Brake, Assembly Parts Detection, Suspension Force Measurement, Gasket Force Monitoring, and Others

Global Force Sensor Market: Key Developments

Major market players are focusing on product launches, in order to enhance their product portfolio.

For instance, In June 2023, The new 9831D welding force calibration transmitter from Kistler offers readout and configuration via the digital IO-Link interface as an option. IO-Link improves flexibility and interoperability to deliver a more user-friendly experience when testing and calibrating robotic welding guns, as well as the force and strain sensor technology integrated in them.

In July 6, 2023 — Vishay Intertechnology, Inc. (NYSE: VSH) today introduced five new series of 60 V, 100 V, and 150 V surface-mount Trench MOS Barrier Schottky (TMBS®) rectifiers in the low profile DFN3820A package with wettable flanks. Providing space-saving, high efficiency solutions for commercial, industrial, energy, and automotive applications, the VxNL63, VxNM63, VxN103, VxNM103, and VxNM153 each offer best in class current ratings up to 7 A, current density 50 % higher than the conventional SMA (DO-214AC) package, 12 % higher compared to the SMF (DO-219AB), and are available in Automotive Grade, AEC-Q101 qualified versions.

In January 2023, Pressure Profile System Inc., a force and pressure measurement technology company,receieved a substantial investment from a strategic partner to fuel its research and development efforts and expand its product portfolio.

In January, 2022, TDK Corporation (TSE: 6762) introduces the Chirp ICU-10201 and ICU-20201, two new high-performance, ultra-low power integrated ultrasonic Time-of-Flight (ToF) sensors for short- and long-range detection. The new MEMS sensors embed a more powerful on-chip processor with higher computational power; the enhanced processing capabilities allow a wide range of application algorithms to fit and to run on-chip, completely offloading the systemMCU.

Global Force Sensor Market: Key Companies Insights

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, PCB Piezotronics, OMRON Corporation, WIKA Alexander Wiegand SE & Co. KG, Hangzhou Nationalchip Science & Technology Co, Ltd., Flintec Inc., Kistler Group, Pressure Profile System Inc, TDK Corporation, Forsentek Co. Limited, Sensata Technologies, and Others.

*Definition: A force sensor, also known as a load cell or force transducer, is a device used to measure or detect the force applied to it. It is designed to convert mechanical force into an electrical signal that can be measured or analyzed. Force sensors are used in various industries and applications where force measurement or monitoring is required. Typically, force sensors consist of a load-sensitive element that deforms under the applied force. This deformation leads to a change in some physical property, such as strain, pressure, or displacement, which is then converted into an electrical signal. The load-sensitive element can be based on different principles, including strain gauges, piezoelectric materials, or capacitive sensors.