The global sensors market is expected to expand rapidly between 2023 and 2033. The global market is expected to exceed a valuation of US$ 88.1 billion in 2023, according to a research report published by Future Market Insights. It is expected to be valued at US$ 153.0 billion by 2033. From 2023 to 2033, the market is expected to grow at a 5.7% CAGR.
Force sensors such as burden cell, capacitive, piezo-resistive, and piezo-electric are widely used in modern applications for monitoring, control, testing, and estimation. The growing acceptance of force sensors in clinical devices is expected to fuel force sensor interest in the near future.
A force sensor plays an important role in the modern computerization industry. With the increasing penetration of mechanical technology, there has been increased acceptance of an integrated small variant of force sensors. Huge acceptance of force sensors for mechanical applications such as deburring, crushing, and boring will continue to represent significant income age in the global force sensor market. The response has also been phenomenal in mechanical clinical frameworks.
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Key Takeaways – Force Sensor Market Study
- Automotive and medical & healthcare industries would remain key end users of force sensors. These two verticals currently account for a collective market share of nearly 40%.
- Rising demand for portable medical devices and assist machines for emergency medical treatment is likely to push the adoption of force sensors by healthcare industry at a higher rate.
- In-house development of paper force sensors for musical applications is expected to create new growth opportunities in force sensor market.
- The capacitive force sensor will continue to lead the way in force sensor market throughout the projection period.
Medical & Healthcare Industry Turning into a Hub of Opportunity
Growing emphasis on improving the quality of healthcare services offer significant opportunities to force-sensing technology developers. Increasing demand for force sensor in various healthcare applications such as infusion pumps, patient weight monitoring systems, physical therapy, surgical staple guns, and oxygen tank monitoring are expected to create new and lucrative opportunities for manufacturers in the force sensor market. However, long regulatory approval processes and counterfeit semiconductor components are major challenges that may hamper the growth of the force sensor market.
Product Innovation to Remain Key Strategy
Key vendors focusing on force sensor platforms are strategizing to develop and innovate new products related to intelligent force measuring technology in order to achieve full global coverage and offer precise global force measurement services.
- In September 2019, Haehne GmbH launched intelligent force measuring technology with IO-Link. This IO-Link interface for force tension sensors is used for force measurement 4.0. The IO-Link from HAEHNE is a global data interface with intelligent two-side communication for data transmission among the plant control systems and the force measurement sensors in the field.
Applications of Force Sensor Technology in Musical Industry
The market scenario is expected to change in the foreseeable future after the introduction of advanced and cost-effective force sensors and sensing solutions for the musical industry. Manufacturers are also focusing on offering force sensor products for various applications such as electronic drum triggers, keyboard after touch, foot pedal controllers, programmable mixed arrays, and interactive dance floors. These factors are creating potential growth opportunities for developers and providers of force sensors.
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More About Force Sensor Market Study
In this report, the global force sensor market is tracked in terms of value, and is calibrated to obtain the market revenue estimates across different regions. To understand and evaluate these opportunities in the force sensor market, the market is segmented into four major sections such as product type (load cell, capacitive, piezo-resistive, piezo-electric, others), application (monitoring & control and test & measurement), end user (automotive, medical & healthcare consumer electronics, clothing & textile, food & beverage, manufacturing, aerospace & defence, oil & gas, construction, agriculture, and others), and region.
Force Sensor Market Outlook By Category
By Product Type, Force Sensor Market is segmented as:
- Load Cell
- Capacitive
- Piezo-resistive
- Piezo-electric
- Others(Optical)
By Application, Force Sensor Industry is segmented as:
- Monitoring & Control
- Test & Measurement
By End-User, Force sensor Industry is segmented as:
- Automotive
- Medical & Healthcare
- Consumer Electronics
- Clothing & Textile
- Food & Beverage
- Manufacturing
- Aerospace & Defense
- Oil & Gas
- Construction
- Agriculture
- Others
By Region, Force sensor Sales is segmented as:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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