A force sensor is employed to quantify the magnitude of force exerted on an object. It finds utility in various products and applications, including medical devices, automobiles, and electronic devices. The force sensor market is influenced by the increasing need for sophisticated medical equipment in the healthcare industry. In particular, force sensors are extensively utilized in medical equipment such as automated pumps for performance monitoring, micro-needle therapy, and precise CPR treatment. These applications rely on force sensors to effectively monitor the functioning of the equipment.

Hospitals and healthcare institutions are embracing advanced technologies, such as connected devices, to enhance the healthcare sector and provide improved healthcare services to patients. These technologies enable the generation of valuable data for healthcare professionals, which in turn fuels the adoption of force sensors in the healthcare industry For example, the Government of India announced a substantial investment of US$ 9.87 million in the health sector as part of the Union Budget 2020-21, as reported by the India Brand Equity Foundation

Market Dynamics:

The automotive industry's growing adoption of force sensors is a key driver of market growth in the projected timeframe. These sensors play a crucial role in various electronic control systems within automobiles, such as tire pressure monitoring systems (TPMS), oil pressure sensing (OPS), and engine management systems (MAP/BAP). The demand for sensors per vehicle is increasing due to evolving government regulations pertaining to emissions monitoring, braking systems, and higher fuel efficiency standards. For instance, the General Safety Regulation implemented by the European Union in November 2019 mandates the use of various sensors to assist drivers and enhance their safety. Additionally, major automotive manufacturers are utilizing a variety of sensors to improve the user experience in passenger cars, further contributing to the increased demand for force sensors in the global automotive industry.

Moreover, leading manufacturers in the worldwide force sensor market are providing a range of force sensors specifically designed for the automotive industry. One example is Sensitronics, LLC, an American company specializing in force sensor manufacturing. They offer customized single-zone force sensing resistors, including products like the 1-Inch Shunt Mode FSR, tailored for automotive applications. These advanced sensors deliver high precision for vehicle control purposes.

The set top force sensor manufacturers are constantly adopting advanced technologies using AI and IoT in order to provide high quality products to the consumers.

Key features of the study:

• This report provides in-depth analysis of the global force sensor market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 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 approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global force sensor market based on the following parameters– company highlights, products portfolio, key highlights, financial performance, and strategies
• Key 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, 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
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global force sensor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• 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
• 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 And Defence
  • 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
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • 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
  • Others