Global Force Sensor Market Overview:
The Force Sensor Market Size was valued at USD 4.03 billion in 2023. The force sensor market industry is projected to grow from USD 4.2798 Billion in 2024 to USD 6.529 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.42% during the forecast period (2024 - 2032). Industrial automation is becoming more advanced, and force sensors have many uses and are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Force Sensor Market Trends
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Industrial automation is becoming more advanced and is driving the market growth
Demand for automotive products is rising, the use of force sensors in manufacturing is expanding, advanced driver assistance systems (ADAS) are rising quickly, and safety regulations are expanding. These are the main factors influencing the market's growth. But demand fluctuation limits market expansion. On the other hand, the market is anticipated to benefit greatly from adopting Internet of Things (IoT) technology and the growing use of robots in various sectors. During the forecast period, these factors are most likely to impact the Force Sensor Market's development significantly. Numerous industries use force sensors. These can be used in many different industrial settings. Manufacturing organizations prioritize force monitoring because force transducers are frequently used to measure the force for weight during manufacturing. But only a small portion of force measurement is used in industrial applications.
Highway traffic requires accurate force measurement. For instance, force sensors are used in vehicles. This implies that the axle load can be accurately predicted, enabling efficient and quick monitoring. Numerous force sensors are used in automobiles. For instance, force sensors placed close to trailer couplings enable the determination of static data and dynamic driving behavior on the road. Force sensors are expected to get lighter and thinner for various end-user sectors, especially the biomedical industry. As electronic devices and equipment get smaller, sensors must also. Sensing devices can be made smaller, but there are significant obstacles in doing so, which may limit their use in various consumer industries. To reduce sensor size, many components must be scaled back. Due to technical and financial challenges, it is expensive to incorporate multiple functionalities into a small sensor. Creating small sensors requires significant research and development work from all parties to meet shifting market demands. Recently, it has become clear that automation and robots are important factors in the renewal and modernization of the manufacturing economy. Industry 4.0 significantly accelerates and boosts automation and robotics technologies in various industrial sectors. Force and torque sensors enable deburring, sanding, and polishing robotic processes. A force sensor used in device maintenance can help a robot locate tool halts when inserting a component in a clamp on a CNC machine. Force sensing is also helpful in packing, assembly line work, and inspection applications. Incorporating mechanics, robotics, and control systems on the production floor has become widespread as Industry 4.0 advancements are pushed to maximize productivity, efficiency, and cost. Thus, driving the force sensor market revenue.
Force Sensor Market Segment Insights:
Force Sensor Type Insights
Based on type, the Force Sensor Market segmentation includes piezoelectric force sensors, piezo resistive force sensors, capacitive force sensors, optical force sensors, and magnetic force sensors. The optical force sensor segment dominated the market. In the market for force sensors, optical force sensors have some advantages. They are useful for manipulating tiny objects or measuring the surface tension of liquids because they can measure the incredibly light forces that small objects exert. Force sensors have become essential components, allowing industrial robots to be task agnostic and safely work alongside humans.
Force Sensor Application Insights
The Force Sensor Market segmentation includes process monitoring and control monitoring based on application. The process monitoring category generated the most income. Many advantages can be derived from process monitoring in the market for force sensors. Process monitoring can enhance the monitoring and management of networked embedded systems. Force sensors have become essential components of industrial robots because they allow them to work safely alongside humans while being task agnostic. In manufacturing, force sensors are frequently used to measure the force for weight, and manufacturing organizations prioritize force monitoring.
Figure 1: Force Sensor Market, by Applications, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Force Sensor Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American force sensor market will dominate this market. Due to the higher adoption of digitization across various industries, the United States is more significant in creating regional demand than Canada. Defense and healthcare result from the increased demand for better service and the rise in military and defense spending. The area has seen the greatest increase in global healthcare spending over the past ten years. The percentage of total government spending on health care in the United States has increased over the past three decades, going from 11.5 percent in 1990 to 24 percent in 2021. Nevertheless, the digital revolution is anticipated to reduce medical spending by over USD 295 billion, particularly when treating chronic illnesses. Due to their numerous applications in preventative medicine, health monitoring systems (HMS) have attracted much attention lately. HMS could use strong, adaptable, and durable flexible force sensors that track vital health indicators and identify physical motions.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Force Sensor Market SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s force sensor market accounts for the second-largest market share due to the rising use of consumer electronics like smartphones and tablets and the rising demand for smart wearables in emerging economies. As the electronics industry has grown in countries like India, force sensors are in high demand. Further, the German force sensor market held the largest market share, and the UK force sensor market was the fastest-growing market in the European region.
The Asia-Pacific Force Sensor Market is expected to grow at the fastest CAGR from 2023 to 2032. faster adoption of force sensors will grow at a high CAGR throughout the projection period. In the Asia Pacific region, the demand for force sensors from the automotive sector is anticipated to rise. Touch interface devices are anticipated to gain popularity in countries like Japan, China, South Korea, and India. The manufacturing, food and beverage, automotive, and bulk materials processing industries have all experienced significant growth in developing countries like China, Japan, India, and South Korea. Moreover, China’s force sensor market held the largest market share, and the Indian force sensor market was the fastest-growing market in the Asia-Pacific region.
Force Sensor Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the force sensor market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The force sensor industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global force sensor industry to benefit clients and increase the market sector. The force sensor industry has offered some of the most significant advantages in recent years. Major players in the force sensor market, including TE Connectivity Ltd. (Switzerland), Freescale Semiconductor Inc. (U.S.), ATI Industrial Automation Inc. (U.S.), General Electric (U.S.), Innovative Sensor Technology IST AG (Germany), Tekscan Inc. (U.S.), Sensata Technologies Inc. (U.S.), Spectris PLC (U.K.), Honeywell International Inc. (U.S), Infineon Technologies AG (Germany), and others, are attempting to increase market demand by investing in research and development operations.
General Electric (U.S.), GE’s diverse and committed workforce, operates with the utmost integrity and dedication to fulfill its mission and satisfy its clients. The Board and our leadership team are dedicated to achieving this goal. GE brings cutting-edge solutions to the market, providing vital infrastructure for the energy, healthcare, and transportation sectors. We strive to operate with the highest standards of integrity, compliance culture, and respect for human rights while minimizing our technology's negative environmental effects. In this unprecedented period, we still do everything possible to support our clients and staff. We are extremely proud of how GE employees responded to the challenge globally. The General Electric Company (GE) is a global American corporation. GE has created the industrial future for more than 125 years. Today, GE is best known for its work in the healthcare, aviation, power, and renewable energy sectors.
Tekscan Inc. (U.S.), Since the early 1980s, Texscan has offered the best character generators. The top provider of electronic advertising equipment in the country is Texscan. Texscan is committed to carrying out more research and development in the area. Only the highest quality components and materials will be used, and a 12-month warranty covers each unit. We always maintain quality for speed and provide our clients with reasonable schedules that consider the demands of their particular line of work. A reliable character generator from Texscan MSI has been used in our facilities for many years.
Key Companies in the force sensor market include
- TE Connectivity Ltd. (Switzerland)
- Freescale Semiconductor Inc. (U.S.)
- ATI Industrial Automation Inc. (U.S.)
- General Electric (U.S.)
- Innovative Sensor Technology IST AG (Germany)
- Tekscan Inc. (U.S.)
- Sensata Technologies Inc. (U.S.)
- Spectris PLC (U.K.)
- Honeywell International Inc. (U.S)
- Infineon Technologies AG (Germany)
Force Sensor Industry Developments
March 2022: To enable safer and more effective braking systems, Sensata Technologies unveiled its new Brake Pedal Force Sensor for electromechanical brakes (EMBs). The Brake Pedal Force sensor from Sensata uses a micro strain gauge to support braking in the future. Compared to current technologies, using this sensor shortens a vehicle's stopping distance. It enhances braking by quickly and precisely identifying a driver's braking intent.
Force Sensor Market Segmentation:
Force Sensor Type Outlook
Force Sensor Application Outlook
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Process Monitoring
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Control Monitoring
Force Sensor Regional Outlook
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
Report Attribute/Metric |
Details |
Market Size 2023 |
USD 4.03 billion |
Market Size 2024 |
USD 4.2798 billion |
Market Size 2032 |
USD 6.529 billion |
Compound Annual Growth Rate (CAGR) |
5.42% (2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2018-2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Type, Applications and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered |
The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
TE Connectivity Ltd. (Switzerland), Freescale Semiconductor Inc. (U.S.), ATI Industrial Automation Inc. (U.S.), General Electric (U.S.), Innovative Sensor Technology IST AG (Germany), Tekscan Inc. (U.S.), Sensata Technologies Inc. (U.S.), Spectris PLC (U.K.), Honeywell International Inc. (U.S), Infineon Technologies AG (Germany), |
Key Market Opportunities |
Industrial automation is becoming more advanced |
Key Market Dynamics |
Increase in the usage of force sensors. |
Force Sensor Market Highlights:
Frequently Asked Questions (FAQ) :
The Force Sensor Market size was valued at USD 4.03 Billion in 2023.
The global market is projected to grow at a CAGR of 5.42% during the forecast period, 2024-2032.
North America had the largest share of the global market
The key players in the market are TE Connectivity Ltd. (Switzerland), Freescale Semiconductor Inc. (U.S.), ATI Industrial Automation Inc. (U.S.), General Electric (U.S.), Innovative Sensor Technology IST AG (Germany), Tekscan Inc. (U.S.), Sensata Technologies Inc. (U.S.), Spectris PLC (U.K.), Honeywell International Inc. (U.S), Infineon Technologies AG (Germany).
The optical force sensor dominated the market in 2022.