Global Force Sensors Market Size, Share, and COVID-19 Impact Analysis, By Sensing Technology (Strain Gauge, Load Cell, Force Sensitive Resistors, Others), By Force Type (Compression, Tension, Compression and Tension), By Operation (Analog, Digital), By End-use (Automotive, Locomotive, Manufacturing, Mining, Aerospace and Defense, Construction, Healthcare, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Industry: Semiconductors & Electronics

RELEASE DATE Oct 2024
REPORT ID SI6673
PAGES 210
REPORT FORMAT PathSoft

Global Force Sensors Market Insights Forecasts to 2033

  • The Global Force Sensors Market Size was Valued at USD 2.15 Billion in 2023
  • The Market Size is Growing at a CAGR of 4.69% from 2023 to 2033
  • The Worldwide Force Sensors Market Size is Expected to Reach USD 3.40 Billion by 2033
  •  North America is Expected to Grow the fastest during the forecast period.

 

Global Force Sensors Market

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The Global Force Sensors Market Size is Anticipated to Exceed USD 3.40 Billion by 2033, Growing at a CAGR of 4.69% from 2023 to 2033. 

 

Market Overview

A force sensor detects torque, weight, and pressure in addition to measuring applied force. These sensors, which are widely used in robotics, mobile devices, and automobiles, improve operational efficiency across industries by increasing precision in tasks like grinding and drilling. Force sensors improve appliance user interfaces by reducing control layouts and increasing usability. This technology enables designers to construct simpler and more efficient interfaces by incorporating force-sensing capabilities into sophisticated appliance designs, resulting in a better user experience. Furthermore, the need for force sensors is expected to rise in the coming years as a consequence of increasing safety regulations and the rapid adoption of advanced driver assistance systems (ADAS), which alert drivers based on a range of factors. The market is seeing robust growth, driven by the accelerating demand for electric vehicles (EVs), advancements in manufacturing automation to optimize productivity, and the increasing penetration of consumer electronics and wearable devices. Force sensors play a crucial role in the automotive sector, used for engine monitoring, tyre pressure detection, and safety systems. Increasing vehicle production and regulatory demands are driving new growth opportunities for force sensors in the market.

 

Report Coverage

This research report categorizes the market for the global force sensors market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global force sensors market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global force sensors market.

 

Global Force Sensors Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 2.15 Billion
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 :4.69%
2033 Value Projection:USD 3.40 Billion
Historical Data for:2019 - 2022
No. of Pages:210
Tables, Charts & Figures:110
Segments covered:By Sensing Technology, By Force Type, By Operation, By End-use, and By Region.
Companies covered:: Flintec Group AB, Tecsis GmbH, Shenzhen New Degree Technology Co. Ltd, Sensel Inc., Tangio Printed Electronics, NextInput Inc, Alps Electric Co. Ltd, Synaptics Inc., Forsentek Co., Limited, Sensata Technologies Inc, Pressure Profile Systems Inc., Uneo Inc., Futek Advanced Sensor Technology Inc., and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The increasing adoption of force sensors in diverse industries, particularly manufacturing, is driven by their ability to enhance process accuracy through precise force monitoring and weight-force ratio calculations. As industries strive for greater efficiency and automation, the demand for force sensors in production environments is expected to grow, creating new market opportunities. Force measurement is vital for highway traffic management, especially in automotive applications. By enabling precise axle load estimation, force sensors facilitate efficient monitoring. Their application at trailer couplings enhances load distribution accuracy, driving safety and operational efficiency in the transportation sector.

 

Restraining Factors

Fluctuating demand in end-use sectors complicates manufacturing planning and inventory control and the underdeveloped aftermarket channel restricts growth potential for replacements and upgrades. Additionally, variability in product quality can affect competitiveness and customer satisfaction.

 

Market Segmentation

The global force sensors market share is classified into sensing technology, force type, operation and end-use.

 

  • The load cell segment is expected to hold the largest share of the global force sensors market during the forecast period.       

Based on the sensing technology, the global force sensors market is categorized into strain gauges, load cell, force-sensitive resistors, and others. Among these, the load cell segment is expected to hold the largest share of the global force sensors market during the forecast period.  Load cells are vital for accurate force and weight measurement across various industries. Load cell devices convert force into an electrical signal, ensuring precision in applications like industrial weighing, material testing, and healthcare equipment. Available in types such as hydraulic, pneumatic, and strain gauge, load cells are tailored to meet the specific requirements of diverse sectors, enhancing efficiency and supporting data-driven decision-making.

   

  • The compression and tension segment is expected to grow at the fastest CAGR during the forecast period.     

Based on the force type, the global force sensors market is categorized into compression, tension, compression and tension. Among these, the compression and tension segment are expected to grow at the fastest CAGR during the forecast period. Compression and tension force sensors are specifically designed to measure both force types, offering a flexible solution for diverse applications. In materials testing, compression and tension sensors deliver accurate assessments of compressive and tensile strength, which are critical for quality assurance and research development. Their multifunctionality enhances operational efficiency, making them valuable assets in various industries that require precise force measurement. Analog signals' dominance in the force sensor market can be attributed to their simplicity, reliability, and general interoperability with existing systems.

 

  • The analogue segment is predicted to dominate the global force sensors market during the forecast period. 

Based on the operation, the global force sensors market is categorized int analogue, and digital. Among these, the analogue segment is predicted to dominate the global force sensors market during the forecast period.  Analogue force sensors deliver continuous output signals that vary with applied force, providing real-time, proportional measurements. Their precision makes them ideal for critical applications in research, testing, and industrial automation, enhancing operational efficiency and informed decision-making.

 

  • The automotive segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the end-use, the global force sensors market is categorized into automotive, locomotive, manufacturing, aerospace and defense, and others. Among these, the automotive segment is expected to grow at the fastest CAGR during the forecast period. Force sensors are critical in the automotive sector for measuring parameters such as brake pedal force, steering effort, and crash test impacts, essential for performance optimization and safety assessments. They also enhance the precision of assembly processes, improving component quality. Additionally, the growing demand for electric vehicles (EVs) and autonomous driving technologies is further driving the need for these sensors in automotive applications.

 

Regional Segment Analysis of the Global Force Sensors Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia-Pacific is projected to hold the largest share of the global force sensors market over the forecast period.

 

Global Force Sensors Market

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Asia-Pacific is projected to hold the largest share of the global force sensors market over the forecast period. The Asia Pacific force sensors software market is propelled by a commitment to smart manufacturing and Industry 4.0 initiatives. The rising demand for electric vehicles (EVs) and advanced safety systems further fuels market expansion. Continuous innovation driven by robust research and development (R&D) efforts enhances force sensor technology, leading to the creation of advanced sensors that offer improved accuracy, sensitivity, and integration capabilities, thereby supporting overall market growth.  

 

North America is expected to grow at the fastest CAGR growth of the global force sensors market during the forecast period. The United States drives regional demand due to its advanced digitization across industries, surpassing Canada. Growth is fueled by increased military spending and rising healthcare expenditures, while the digital revolution is anticipated to reduce medical costs, especially for chronic illnesses. Health Monitoring Systems (HMS) are gaining traction for their diverse applications in preventative medicine, positioning them as vital components in the evolving healthcare sector.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global force sensors market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Flintec Group AB
  • Tecsis GmbH
  • Shenzhen New Degree Technology Co. Ltd
  • Sensel Inc.
  • Tangio Printed Electronics
  • NextInput Inc
  • Alps Electric Co. Ltd
  • Synaptics Inc.
  • Forsentek Co., Limited
  • Sensata Technologies Inc
  • Pressure Profile Systems Inc.
  • Uneo Inc.
  • Futek Advanced Sensor Technology Inc.
  • Others

 

Key Market Developments

 

  • In October 2022, Sensata Technologies Inc. introduced a new Brake Pedal Force Sensor for electromechanical brakes (EMBs), which enables safer and more efficient braking systems.

 

  • In October 2022, Forsentek Co. Limited introduced sophisticated load cells, force sensors, and other measuring equipment.

 

Key Target Audience

 

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs) 

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global force sensors market based on the below-mentioned segments: 

 

Global Force Sensors Market, By Sensing Technology

  • Strain Gauge
  • Load Cell
  • Force Sensitive Resistors
  • Others

 

Global Force Sensors Market, By Force Type

  • Compression
  • Tension
  • Compression and Tension

 

Global Force Sensors Market, By Operation

  • Analog
  • Digital

 

Global Force Sensors Market, By End-use

  • Automotive
  • Locomotive
  • Manufacturing
  • Aerospace and Defense
  • Others

 

Global Force Sensors Market, By Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the global force sensors market over the forecast period?
    The global force sensors market Size is expected to grow from USD 2.15 billion in 2023 to USD 3.40 billion by 2033, at a CAGR of 4.69% during the forecast period 2023-2033.
  • 2. Which region is expected to hold the highest share of the global force sensors market?
    Asia-Pacific is projected to hold the largest share of the global force sensors market over the forecast period.
  • 3. Who are the top key players in the global force sensors market?
    Flintec Group AB, Tecsis GmbH, Shenzhen New Degree Technology Co. Ltd, Sensel Inc., Tangio Printed Electronics, NextInput Inc, Alps Electric Co. Ltd, Synaptics Inc., Forsentek Co., Limited Sensata Technologies Inc, Pressure Profile Systems Inc., Uneo Inc., Futek Advanced Sensor Technology Inc., Others.

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