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Force Sensor Overview 2024: Key Insights and Analysis

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Overview and Scope
A force sensor is a transducer that transforms an input mechanical force, such as a load, weight, tension, compression, pressure, or other physical variables, into an electrical output signal that can be measured, converted, and standardized. This electrical signal varies proportionately with the force applied to the force sensor.

Sizing and Forecast

The force sensor market size has grown strongly in recent years. It will grow from $2.34 billion in 2023 to $2.49 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%.  The  growth in the historic period can be attributed to gowth in industrial automation, consumer electronics miniaturization, automotive safety systems, healthcare instrumentation, rise of human-machine interfaces.

The force sensor market size is expected to see strong growth in the next few years. It will grow to $3.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.  The growth in the forecast period can be attributed to internet of things (iot) integration,  growth in robotic applications, emergence of flexible and stretchable sensors, smart home devices, adoption of force sensing technology in smartphones, demand for advanced driver assistance systems. Major trends in the forecast period include technological advancements in material sciences, increased use in gaming and entertainment, integration of virtual reality (vr) and augmented reality (ar), integration of artificial intelligence, integration of machine learning.

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Segmentation & Regional Insights
The force sensor market covered in this report is segmented –

1) By Type: Tension Force Sensors, Compression Force Sensors, Tension And Compression Force Sensors
2) By Technology: Strain Gauge, Load Cell, Force Sensitive Resistors, Other Technologies
3) By Operation: Analog, Digital
4) By End-use Industry: Healthcare, Industrial Manufacturing, Automotive, Aerospace And Defense, Consumer Electronics, Other End-use Industries

North America was the largest region in the force sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the force sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East,  Africa.

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Major Driver Impacting Market Growth
Increasing demand for industrial robots is expected to propel the growth of the force sensor market going forward. An industrial robot is a mechanical device designed to conduct production-related tasks in industrial settings automatically. Force sensors improve the design of robotic applications by providing improved control technologies that offer haptic input to a robot, allowing for improved overall performance. This function comprises validating grip pressures, assuring adequate balance, and giving tactile information to an external source. For instance, in May 2023, according to the International Federation of Robotics, a Germany-based professional non-profit organization, the installations of industrial robots in manufacturing rose by 12% and reached 41,624 units in 2022, compared to 2021 in North America. Therefore, the adoption of industrial robots is driving the growth of the force sensor market.

Key Industry Players
Major companies operating in the force sensor market report are Siemens AG, Honeywell International Inc., ABB Ltd., Texas Instruments Incorporated, TE Connectivity Ltd., MinebeaMitsumi Inc., Alps Electric Co. Ltd, Omron Corporation, FANUC America Corporation, Sensata Technologies Inc, Mettler Toledo Inc., Spectris plc, Synaptics Inc., Baumer Holding AG, Kistler Group, Vishay Precision Group Inc., Flintec Group AB, OMEGA Engineering Inc., Gefran Group, PCB Piezotronics Inc., ATI Industrial Automation Inc., HBM Inc., Dytran Instruments Inc., FUTEK Advanced Sensor Technology Inc., Tekscan Inc., HITEC Sensor Developments Inc., Taiwan Alpha Electronic Co Ltd, Sensel, Interlink Electronics Inc., Strainsert Co

The force sensor market report table of contents includes:

1. Executive Summary
2. Force Sensor Characteristics
3. Force Sensor Trends And Strategies
4. Force Sensor – Macro Economic Scenario
5. Global Force Sensor Size and Growth
31. Global Force Sensor Competitive Benchmarking
32. Global Force Sensor Competitive Dashboard
33. Key Mergers And Acquisitions In The Fat Replacers Market
34. Force Sensor Future Outlook and Potential Analysis
35. Appendix

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