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Force Sensor Market Poised to Grow at a CAGR of 6.1% by 2024

Infinium Global Research has added a new report on Force Sensor Market. The report presents an analysis of global as well as regional markets of force sensor market over the period of 2016 to 2024.  The force sensors are used on various manufacturing and transportation equipment to prevent machinery from overloading. The force sensors monitor the load on the machine in accordance with safety standards such as mine lifts, construction cranes, industrial tanks, grain silos, and locomotives. The growing demand of force sensors in the manufacturing, transportation and construction industries are drives the grow of force sensors market. The force sensor changes its electric resistance even in the small action of forces so they used in the various medical applications such as Robotic Surgery, tool speed control, infusion pump, podiatry foot gait analysis and many others. In addition, the rising demand of force sensors in the medical and pharmaceutical industries are likely to boost the demand of force sensors market.

Furthermore, low manufacturing cost and reliability and accuracy offered by the force sensor are anticipated to escalate the growth of force sensors market over the forecast period. Moreover, the ongoing development in the sensor technology and growing adoption of force sensors in automotive, electronics devices, medical and others are projected to create various opportunities in the force sensor market in an upcoming year. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global force sensor market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for the forecast period of 2018-2024.


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The recent report identified that North America dominated the global force sensor market over the last couple of years while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the force sensor market worldwide.


The report segments the global force sensor market on the basis of Type and Applications.


Global Force Sensor Market by Type

·         Piezoresistive Force Sensors

·         Capacitive Force Sensors

·         Optical Force Sensors

·         Magnetic Force Sensors

·         Strain Gauges

·         Others


Global Force Sensor Market by Applications

·         Industrial Manufacturing

·         Packaging

·         Automotive

·         Consumer Electronics

·         Aerospace & Defense

·         Others


Companies Profiled in the Report

·         ATI Industrial Automation Inc.

·         Siemens AG

·         Honeywell International

·         Hottinger Baldwin Messtechnik (HBM) GmbH

·          Flintec Group AB

·         Vishay Precision Group

·         Kavlico Corporation

·          Tekscan, Inc

·         Futek Advanced Sensor Technology, Inc.

·         TE Connectivity Ltd


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.

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