How Has The Force Sensor Market Size Evolved In Recent Years?
The force sensor market has seen considerable growth due to a variety of factors.
•The market value of the force sensor industry has seen robust growth in the past few years. It's projected to expand from a worth of $2.45 billion in 2024 to an estimated $2.57 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.3%.
The notable growth during the historical timeframe was propelled by developments in industrial automation, the decreasing size of consumer electronics, advancements in automotive safety systems, enhancements in healthcare instrumentation, and the emergence of human-machine interfaces.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Force Sensor Market?
The force sensor market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of force sensors is projected to experience substantial growth in the coming years, reaching $3.22 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%.
Factors contributing to growth during the forecast period include the integration of Internet of Things (IoT), the surging usage in robotics, the emergence of stretchable and flexible sensors, smart home gadgets, adoption of force sensing technology in smartphones, and a high demand for advanced driver assistance systems. The forecast period also notices major trends such as advancements in material science technology, increased utilization in the entertainment and gaming sectors, the incorporation of virtual reality (VR) and augmented reality (AR), and the integration of artificial intelligence as well as machine learning.
Which Key Drivers Are Propelling The Force Sensor Market's Growth?
The surge in industrial robotics demand is poised to fuel the force sensor market's expansion. Industrial robots are mechanically engineered devices that autonomously perform production-related tasks in industrial environments. Force sensors enrich robotic applications by providing superior control technologies, offering haptic feedback to a robot and thereby enhancing its overall performance. This includes verifying grip pressures, ensuring balance, and transmitting tactile data to an exterior source. For example, the International Federation of Robotics, a professional non-profit organization based in Germany, reported in September 2023 that the deployment of industrial robots in factories across the globe has grown from 553,052 units in 2022 to 590,000 units in 2023, symbolizing an approximate growth of 6.7%. Therefore, the utilization of industrial robots is catalyzing the force sensor market's progress.
What Are The Key Segments Within The Global Force Sensor Market?
The force sensor market covered in this report is segmented –
1) By Type: Tension Force Sensors, Compression Force Sensors, Tension And Compression Force Sensors
2) By Technology: Strain Gauge, Load Cell, Force Sensitive Resistors, Other Technologies
3) By Operation: Analog, Digital
4) By End-Use Industry: Healthcare, Industrial Manufacturing, Automotive, Aerospace And Defense, Consumer Electronics, Other End-use Industries
Subsegments:
1) By Tension Force Sensors: Load Cells, Strain Gauge Sensors
2) By Compression Force Sensors: Load Cells, Piezoelectric Sensors
3) By Tension And Compression Force Sensors: Multi-Component Load Cells, Dual-Mode Sensors
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How Are New Trends Impacting The Size Of The Force Sensor Market?
The trend of product innovation is increasingly gaining traction in the force sensor market. To retain their market positions, key corporations in this market are investing in pioneering products. For example, in September 2022, Kistler Group, a firm based in Switzerland and specializing in technology, introduced their latest creation, SlimLine force sensor 9132CD, specially designed for highly accurate low force measurements. The product is a highly-sensitive force transducer supplemented with an enduringly flexible, long connection wire, optimizing it for precise measurements of low forces in areas like semiconductors and 3C that suffer from construction space limitations.
Who Are the Key Players in the Force Sensor Market?
Major companies operating in the force sensor market include:
• Siemens AG
• Honeywell International Inc.
• ABB Ltd.
• Texas Instruments Incorporated
• TE Connectivity Ltd.
• MinebeaMitsumi Inc.
• Alps Electric Co. Ltd
• Omron Corporation
• FANUC America Corporation
• Sensata Technologies Inc
• Mettler Toledo Inc.
• Spectris plc
• Synaptics Inc.
• Baumer Holding AG
• Kistler Group
• Vishay Precision Group Inc.
• Flintec Group AB
• OMEGA Engineering Inc.
• Gefran Group
• PCB Piezotronics Inc.
• ATI Industrial Automation Inc.
• HBM Inc.
• Dytran Instruments Inc.
• FUTEK Advanced Sensor Technology Inc.
• Tekscan Inc.
• HITEC Sensor Developments Inc.
• Taiwan Alpha Electronic Co Ltd
• Sensel
• Interlink Electronics Inc.
• Strainsert Co
What are the Regional Insights into the Force Sensor Market?
North America was the largest region in the force sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the force sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
