DUBLIN--(BUSINESS WIRE)--The "Global Force Sensors Market - Forecasts and Trends (2016 - 2021)" report has been added to Research and Markets' offering.
The global force sensors market worth is $1.84 billion in 2014, and is estimated to grow to $2.47 billion by the end of 2020, at a CAGR of 5.03% over the six year forecasted period.
Over the past decades, sensors have become an important part of any automation and measurement applications. The significant growth of advanced electronic control systems coupled with rise in sensor accuracy, response time, reliability, robustness, miniaturization, efficiency and communications capability is leading to growing demand for sensors across various end-use sectors.
Force sensors has many benefits like its ultra-thin sensor construction and flexibility which means minimal interference/disturbance to normal action and its accurate response gives end users confidence in the performance of the product. Force sensors can also be used in Wireless Inventory Management, which can improve order scheduling, avoid having to stop production caused by low inventory of a particular part. And these are economically profitable as they lower the cost associated with manual and repeated physical inventories and the cost associated with sales visits to check inventory is also minimized.
Low manufacturing cost, technological development, growing implementation in the medical devices improvement, high growth of industrial robots and increase in demand for reliable products are few drivers for the increase in demand for these sensors in the global market. However, aftermarket sales channels are not yet fully developed and volatility in demand across key end-user sectors are some of the factors serving as impediments to market growth.
- GE Measurement & Control Solutions
- Free scale Semiconductor
- ATI Industrial Automation
- Infineon Technologies AG
- Sensata Technologies
- TE Connectivity
- Tekscan Inc.
- Texas Instruments
- Gentech International Ltd.
- Siemens AG
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview & Dynamics
5. Porter's Five Forces Analysis
6. Force Sensors Market Segmentation and Forecast
7. Market Segmentation, By Region
8. Company Profiles
9. Investment Analysis
10. Future of Force Sensors Market
For more information about this report visit https://www.researchandmarkets.com/research/rm2v37/global_force