The Global Force Sensor Market is Expected to Grow at a CAGR of 5% by 2025

According to a new market report by Lucintel, the future of the global force sensor market looks promising with opportunities in the automotive, healthcare, aerospace & defense, industrial, and electronics industries. The global force sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 5% from 2020 to 2025. The major growth drivers for this market are increasing industrial automation and improvement of medical devices with force sensor technology.   

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In this market, piezoelectric force sensor, strain gauges, load cells, capacitive force sensor, and magnetoelastic force sensor are the major sensor types. Lucintel forecasts that the piezoelectric force sensor segment is expected to witness the highest growth 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 end use industry segment over the forecast period due to rise in the adoption of robotics in the industrial sector.

Asia Pacific will remain the largest region over the forecast period due to high manufacturing base in China and India.

Spectris plc. HONEYWELL, TE Connectivity Ltd., Sensata Technologies Inc., Infineon Technologies AG, and Texas Instruments are among the major manufacturers of the global force sensor market.  

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global force sensor market by sensor type, measuring system, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Force Sensor Market 2020-2025: Market Size, Trends and Growth Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global force sensor market by sensor type, measuring system, end use industry, and region as follows:

By Sensor Type [$M shipment analysis for 2014–2025]:

Piezoelectric Force Sensor

Strain Gauges

Load Cells

Capacitive Force Sensor

Magnetoelastic Force Sensor

Others

 

By Measuring System [$M shipment analysis for 2014–2025]:

Hydraulic

Pneumatic

Elastic Devices

Vibrating Elements

Others

 

By End Use Industry [$M shipment analysis for 2014–2025]:

Automotive

Aerospace & Defense

Industrial

Healthcare

Electronics

Others 

 

By Region [$M shipment analysis for 2014–2025]:

North America

United States

Canada

Mexico

 

Europe

Germany

UK

Italy

 

Asia Pacific

China

Japan

India

South Korea

Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.