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Global Force Sensors Market: By Type: Tension Force Sensors, Compression Force Sensors, Tension and Compression Force Sensors; By End-user Industry: Healthcare, Industrial Manufacturing, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Force Sensors Market Outlook

The global force sensors market stood at a value of more than USD 2160.2 million in 2021. The market is further expected to grow at a CAGR of 4.68% in the forecast period of 2023-2028 to attain a value of above USD 2835.55 million by 2027.

 

Global Force Sensors Market

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Heightened Demand for Tension Force Sensors to Bolster the Growth of the Force Sensors Industry

Based on type, tension force sensors account for a significant share in the market and is anticipated to grow at a considerable rate in the forecast period. The force sensors based on tension are specially designed for precise measurement of tensile load, weight, and force. It offers high fatigue strength, high vibration resistance, and long-term stability. In addition, the growing awareness about the ability of the tension force sensor to measure both static and dynamic load is likely to bolster its adoption in the coming years. Over the forecast period, tension force sensors are likely to witness a significant demand from the aerospace industry, as the product is ideal for extremely challenging environment.

 

The Asia Pacific to Provide Lucrative Growth Opportunities to the Force Sensors Industry

The rapid industrialisation, coupled with the presence of major force sensor manufacturers in the region is projected to provide impetus to the force sensor industry. Over the forecast period, the increasing demand for bulk material handling systems in emerging countries like India and China is likely to generate a significant demand for force sensors. The market is further expected to be supported by the growing need to bolster the supply chain management in the region, especially after the supply chain disruptions caused by the COVID-19 outbreak in 2020.

 

Force Sensor: Market Segmentation

Force sensor is a transducer that helps to convert an input mechanical force into an electrical output, which helps in measuring the amount of force applied to an object. The applied force can be calculated by observing the amount of change in the resistance values of force-resisting sensors.

 

Global Force Sensors Market Segment

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Based on type, the market is segmented into:

  • Tension Force Sensors
  • Compression Force Sensors
  • Tension and Compression Force Sensors

The major end-use industries include:

  • Healthcare
  • Industrial Manufacturing
  • Automotive
  • Aerospace and Defence
  • Consumer Electronics
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Force Sensors Market Region

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Increased Application of the Product in the Automotive Sector to Boost the Growth of the Force Sensors Industry

The global force sensors industry is being driven by the growing demand for the product from the automotive industry. The force sensors are extremely rigid and have a high loading capacity, compact design, and durability that makes the product ideal for automotive applications. Over the forecast period, the rising demand for automobiles in emerging economies, fuelled by the growing middle class population, is likely to propel the demand for force sensors. The market is projected to be further aided by the rising demand for various types of force sensors in industrial manufacturing applications.

 

Key Industry Players in the Global Force Sensors Market

The report gives a detailed analysis of the following key players in the global force sensors market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Alps Electric Co., Ltd.
  • Synaptics Inc.
  • Interlink Electronics, Inc.
  • Pressure Profile Systems, Inc.
  • Futek Advanced Sensor Technology, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End-user Industry, Region
Breakup by Type Tension Force Sensors, Compression Force Sensors, Tension and Compression Force Sensors
Breakup by End-user Industry Healthcare, Industrial Manufacturing, Automotive, Aerospace and Defence, Consumer Electronics, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Alps Electric Co., Ltd., Synaptics Inc., Interlink Electronics, Inc., Pressure Profile Systems, Inc., Futek Advanced Sensor Technology, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Force Sensors Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Force Sensors Historical Market (2018-2022) 
    8.3    Global Force Sensors Market Forecast (2023-2028)
    8.4    Global Force Sensors Market by Type
        8.4.1    Tension Force Sensors
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Compression Force Sensors
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Tension and Compression Force Sensors
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Force Sensors Market by End-user Industry
        8.5.1    Healthcare
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Industrial Manufacturing
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Automotive
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Aerospace and Defence
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Consumer Electronics
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Others
   8.6    Global Force Sensors Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Force Sensors Market Analysis
    9.1    United States of America
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022)
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022)
        9.2.3    Forecast Trend (2023-2028)
10    Europe Force Sensors Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022)
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022)
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022)
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022)
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  Force Sensors Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022)
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022)
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022)
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022)
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022)
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Force Sensors Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022)
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022)
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022)
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Force Sensors Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022)
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022)
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022)
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022)
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis

    16.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Alps Electric Co., Ltd.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Synaptics Inc.
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Interlink Electronics, Inc.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Pressure Profile Systems, Inc.
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Futek Advanced Sensor Technology, Inc.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved

 

List of Key Figures and Tables

1.    Global Force Sensors Market: Key Industry Highlights, 2018 and 2028
2.    Global Force Sensors Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Force Sensors Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Force Sensors Historical Market: Breakup by End-user Industry (USD Million), 2018-2022
5.    Global Force Sensors Market Forecast: Breakup by End-user Industry (USD Million), 2023-2028
6.    Global Force Sensors Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Force Sensors Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Force Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Force Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Force Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Force Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Force Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Force Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Force Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Force Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Force Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Force Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    North America Historical Price Trends and Forecast 2018-2028
19.    Europe Historical Price Trends and Forecast 2018-2028
20.    Asia Pacific Historical Price Trends and Forecast 2018-2028
21.    Latin America Historical Price Trends and Forecast 2018-2028
22.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
23.    Global Force Sensors Market Structure

Key Questions Answered in the Report

In 2021, the global force sensors market attained a value of more than USD 2160.2 million.

The market is estimated to grow at a CAGR of 4.68% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach above USD 2835.55 million by 2027.

The major drivers of the market include the growing application of the product in various end-use sectors including healthcare, industrial manufacturing, automobile, and aerospace and defence, among others, the growing awareness about the beneficial attributes of the product, the thriving bulk material handling industry in the emerging economies, and the growing demand for tension force sensors, among others.

The growing research and development activities aimed towards the development of force sensors with high durability are expected to be the key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Tension force sensors, compression force sensors, and tension and compression force sensors are the major types of the product.

Healthcare, industrial manufacturing, automotive, aerospace and defence, and consumer electronics, among others are the different end-use industries of the product.

The major players in the industry are Alps Electric Co., Ltd., Synaptics Inc., Interlink Electronics, Inc., Pressure Profile Systems, Inc., and Futek Advanced Sensor Technology, Inc., among others.

Analyst Review

The global force sensors market attained a value of more than USD 2160.2 million in 2021, driven by the expansion of the major end-use industries of the product. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.68%. The market is projected to reach above USD 2835.55 million by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into tension force sensors, compression force sensors, and tension and compression force sensors. On the basis of end-use industry, the market is divided into healthcare, industrial manufacturing, automotive, aerospace and defence, and consumer electronics, among others. The major regional markets for force sensors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alps Electric Co., Ltd., Synaptics Inc., Interlink Electronics, Inc., Pressure Profile Systems, Inc., and Futek Advanced Sensor Technology, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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