DUBLIN--(BUSINESS WIRE)--The "Force Sensor Market by Application, Technology (Piezoelectric Force Sensor, Strain Gauge, Load Cell, Capacitive Force Sensor, and Magnetoelastic Force Sensor), Operation, Force Type, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The force sensor market is projected to grow from USD 1.8 billion in 2019 to USD 2.3 billion by 2024, at a CAGR of 5.5%.
Force sensor market to grow at CAGR of 5.5% during 2019-2024
Rising demand for industrial robots and growing safety features in automotive are the key factors driving the growth of the force sensor market.
Manufacturing applications to hold the largest size of force sensor market during the forecast period
The market for manufacturing applications is expected to hold the largest size during the forecast period. The industrial sector includes manufacturing and process industries such as semiconductor, automotive, and aerospace & defense. The large-scale implementation of sensors across various industries for the purpose of generating data and monitoring facilities are expected to offer lucrative growth opportunities in this application.
Piezoelectric force sensor to hold the largest share of the force sensor market in 2019
Piezoelectric force sensor is expected to hold the largest share of the market in 2019. Piezoelectric sensors detect changes in pressure, acceleration, temperature, strain, and force and convert the acquired data to an electrical charge. Hence, it is mostly used in applications involving flex motions, touch, vibrations, and shock measurement. Piezoelectric sensors are used in various industries, such as healthcare, aerospace, and consumer electronics, as well as nuclear instrumentation.
APAC to dominate force sensor market in 2019
APAC would dominate the force sensor market in 2019. APAC has huge growth potential for the force sensor market. The growth of the market in this region can be attributed to the tremendous growth of automotive, food & beverages, manufacturing, and bulk material handling industries in emerging economies such as China, Japan, India, and South Korea. China is a key contributor to the growth of the force sensor market in APAC owing to its huge industrial and manufacturing sectors.
Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the force sensors market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product development and launch, partnership, and merger.
Key Topics Covered:
1.1 Study Objectives
1.2 Market Definition and Scope
1.3 Study Scope
1.5 Inclusions and Exclusions
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Force Sensor Market
4.2 Market in Europe, By Country and Application
4.3 Market, By Application
4.4 Market, By Operation
4.5 Market, By Force Type
4.6 Market, By Technology
4.7 Market, By Country
5 Market Overview
5.2 Market Dynamics
6 Force Sensor Market, By Application
6.3 Energy & Power
6.6 Oil & Gas
7 Force Sensor Market, By Operation
8 Force Sensor Market, By Force Type
8.4 Compression and Tension
9 Force Sensor Market, By Technology
9.2 Piezoelectric Force Sensor
9.3 Strain Gauge
9.4 Load Cell
9.5 Capacitive Force Sensor
9.6 Magnetoelastic Force Sensor
10 Geographic Analysis
10.2 North America
11 Competitive Landscape
11.2 Ranking Analysis of Players in Force Sensor Market
11.3 Competitive Leadership Mapping
11.4 Strength of Product Portfolio (26 Companies
11.5 Business Strategy Excellence (26 Companies
11.6 Competitive Scenario
12 Company Profiles
12.1 Key Players
12.1.1 Mettler Toledo
12.1.4 Vishay Precision Group
12.1.8 TE Connectivity
12.1.9 Sensata Technologies
12.1.11 Bcm Sensor Technologies
12.1.12 Baumer Group
12.1.14 Lorrenz Messtechnik GmbH
12.1.15 Futek Advanced Sensor Technology
12.2 Other Players
12.2.1 Taiwan Alpha Electronic.
12.2.2 Texas Instruments
12.2.5 Priamus System Technologies
For more information about this report visit https://www.researchandmarkets.com/r/oy54jx