The Force Sensor Global Market Report 2023, provides comprehensive information on the force sensor market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global force sensor market is expected to grow from $2.19 billion in 2022 to $2.34 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The force sensor market is expected to reach $2.91 billion in 2027 at a CAGR of 5.6%.
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Product innovation is a key trend gaining popularity in the force sensor market. Major companies operating in the force sensor market are working on product innovations to sustain their position in the market. For instance, in September 2022, Kistler Group, a Switzerland-based technology company, launched the new SlimLine force sensor 9132CD for the high-precision measurement of low forces. The SlimLine force sensor 9132CD is a more sensitive force transducer with an extraordinarily flexible, long-lasting connection wire. This makes it perfect for measuring low forces with great precision in applications like semiconductors and 3C, where there is a lack of constructional space.
The force sensor market is segmented:
1) By Type: Tension Force Sensors, Compression Force Sensors, Tension And Compression Force Sensors
2) By Technology: Strain Gauge, Load Cell, Force Sensitive Resistors, Other Technologies
3) By Operation: Analog, Digital
4) By End-use Industry: Healthcare, Industrial Manufacturing, Automotive, Aerospace And Defense, Consumer Electronics, Other End-use Industries
North America was the largest region in the force sensor market in 2022.
The table of contents in TBRC’s force sensor market report includes:
1. Executive Summary
2. Force Sensor Market Characteristics
3. Force Sensor Market Trends And Strategies
4. Force Sensor Market – Macro Economic Scenario
5. Global Force Sensor Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
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32. Global Force Sensor Market Competitive Benchmarking
33. Global Force Sensor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Force Sensor Market
35. Force Sensor Market Future Outlook and Potential Analysis
36. Appendix
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