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Pulished Date May, 2020
ID: 9537
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Force Sensors Market Segmentation by operation outlook (Analog and Digital), by application outlook (Manufacturing, Energy & Power, Pharmaceuticals, Chemicals, Oil & Gas, Mining, and Others), by force type outlook (Compression, Tension, and Compression & Tension), and by technological segmentation (Piezoelectric Force Sensor, Strain Gauge, Load Cell, Capacitive Force Sensor, Magnetoelastic Force Sensor, and Others).

Pulished: May, 2020
ID: 9537
Pages: 175

Market Overview

The Global Force Sensors Market is anticipated to grow in a significant way during the forecast period. It is estimated that the target market is growing to get valued at around USD 2.53 billion by 2025 from USD 1.80 billion in 2020, recording a CAGR of about 6% over the forecast period 2020 – 2025. A force sensor utilizes the load cells for weighing an object to prevent machinery from overloading. However, fundamentally, these force sensors are the load cells and transducers, which convert a force into measurable electrical output.

The surge in the adoption of the internet of things (IoT) technologies is augmenting its usage in consumer electronics, home automation, healthcare, and retail & logistics for enhancing performance capabilities. Also, the advantages that are available with the usage of these sensors are the factors that are expected further to boost the global force sensors market over the forecast period.

But the major restraint for the target market is the volatility in demand, which is not fixed among the end-use sector that acts as a challenge for its manufacturing plans. Also, the rate of rejection in manufacturing facilities is quite high due to the damage or low sensitivity which is reducing overall production capacity.

Recent Developments

• Honeywell International Inc. has announced that it had renewed a revolving credit agreement for $1.5 billion, to be used for general corporate purposes when needed, which was signed with Citibank and JPMorgan Chase.

• Vishay Precision Group, Inc. has acquired a New York-based Dynamic Systems Inc., which is a specialized provider of dynamic thermal-mechanical test and simulation systems that are employed to enhance new metal alloys and optimize production processes.

Drivers and Restraints of Force Sensors Market

The growing adoption and applications of these force sensors in construction, industrial and manufacturing sectors are the primary factor that is driving the growth of the global force sensor market.

Moreover, an increase in the demand for these sensors in the medical and robotics sensors is another factor that is likely to bolster the growth of the target market over the forecast period.

However, the rigid factor in the construction sector is a major restraint that is challenging the global force sensors market.

Furthermore, low manufacturing cost, high reliability, accuracy, ongoing development and innovation in sensor technology are the factors that are creating growth opportunities in this industry.

Market Segmentation of Force Sensors Market

On the operation outlook, the global force sensor market is segmented into Analog and Digital.

In the application segmentation, the global force sensor market is segmented as Manufacturing, Energy & Power, Pharmaceuticals, Chemicals, Oil & Gas, Mining, and Others.

And on the type of force outlook, the global force sensor market is segmented into Compression, Tension, and Compression & Tension.

On the technological segmentation, the global force sensor

the market is segmented as Piezoelectric Force Sensor, Strain Gauge, Load Cell, Capacitive Force Sensor, Magnetoelastic Force Sensor, and Others.

Force Sensors Market Region-wise analysis

• North America

• Europe

• Asia Pacific

• South America

• Middle East & Africa

In the regional analysis of the Global Force Sensors Market, Asia Pacific market held the largest share of the overall revenue because of the high demand for various Force Sensors in the emerging economies like India and China owing to the rise in the electronics and automotive industries in these countries. In addition, the high demand for electronics such as tablets, mobile, is another factor that is driving the market in this region.

And North America's regional force sensors market the second largest market share due to the rise in oil & gas exploration in this region. Also, the presence of the key companies that operate from this region such as BP, Shell, Exxon Mobil, Chevron, and Total operate in North America for exploration and production. And the usage of force sensors in the oil & gas pipes for monitoring and controlling the pressure is getting increased. The rising demand for oil & gas all around the world is asking for more production. It is higher hence the output in this region is rising & new sites for exploration are foreseen to be bolstering the force sensor market in the area over the forecast period.

Key Players of Force Sensors Market

Some of the key players of the Global Force Sensors Market include Mettler Toledo (US), Spectris (US), Flintec (Sweden), Vishay Precision Group (US), Honeywell (US), Gefran (Germany), Siemens (Germany), TE Connectivity (Switzerland), Senate technologies (US), Kistler (Switzerland), BCM Sensor Technologies. (Belgium), Baumer Group (Switzerland), Tekscan (US), Lorrenz Messtechnik (Germany), Futek Advanced Sensor Technology (US), Taiwan Alpha Electronics (Taiwan), Texas Instruments (US), ABB (Swizterland), Uneo (Taiwan), and Priamus System Technologies (Switzerland)

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Force Sensors Market, By Operation           

                    6.1.1 Analog

                    6.1.2 Digital 

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Force Sensors Market, By Application                   

                    6.2.1 Manufacturing         

                    6.2.2 Energy & Power        

                    6.2.3 Pharmaceuticals       

                    6.2.4 Chemicals      

                    6.2.5 Oil & Gas       

                    6.2.6 Mining 

                    6.2.7 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.8 Y-o-Y Growth Rate Analysis         

                    6.2.9 Market Attractiveness Index         

          6.3 Force Sensors Market, By Force Type         

                    6.3.1 Compression  

                    6.3.2 Tension         

                    6.3.3 Compression & Tension     

                    6.3.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 Force Sensors Market, By Technology                   

                    6.4.1 Piezoelectric Force Sensor  

                    6.4.2 Strain Gauge  

                    6.4.3 Load Cell       

                    6.4.4 Capacitive Force Sensor      

                    6.4.5 Magnetoelastic Force Sensor        

                    6.4.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.7 Y-o-Y Growth Rate Analysis         

                    6.4.8 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Operation  

                    7.2.3 By Application

                    7.2.4 By Force Type

                    7.2.5 By Technology          

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Operation  

                    7.3.3 By Application

                    7.3.4 By Force Type

                    7.3.5 By Technology          

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Operation  

                    7.4.3 By Application

                    7.4.4 By Force Type

                    7.4.5 By Technology          

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Operation  

                    7.5.3 By Application

                    7.5.4 By Force Type

                    7.5.5 By Technology          

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Operation  

                    7.6.3 By Application

                    7.6.4 By Force Type

                    7.6.5 By Technology          

8. Key Player Analysis                           

          8.1 Mettler Toledo            

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Spectris            

          8.3 Flintec              

          8.4 Vishay Precision Group          

          8.5 Honeywell                   

          8.6 Gefran              

          8.7 Siemens           

          8.8 TE Connectivity           

          8.9 Senate Technologies             

          8.10 Kistler            

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Force Sensors Market By Region, From 2020-2025 ( USD Billion )
  2. Global Force Sensors Market By Operation, From 2020-2025 ( USD Billion )
  3. Global Analog Market By Region, From 2020-2025 ( USD Billion )
  4. Global Digital Market By Region, From 2020-2025 ( USD Billion )
  5. Global Force Sensors Market By Application, From 2020-2025 ( USD Billion )
  6. Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  7. Global Energy & Power Market By Region, From 2020-2025 ( USD Billion )
  8. Global Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  9. Global Chemicals Market By Region, From 2020-2025 ( USD Billion )
  10. Global Oil & Gas Market By Region, From 2020-2025 ( USD Billion )
  11. Global Mining Market By Region, From 2020-2025 ( USD Billion )
  12. Global Force Sensors Market By Force Type, From 2020-2025 ( USD Billion )
  13. Global Compression Market By Region, From 2020-2025 ( USD Billion )
  14. Global Tension Market By Region, From 2020-2025 ( USD Billion )
  15. Global Compression & Tension Market By Region, From 2020-2025 ( USD Billion )
  16. Global Force Sensors Market By Technology, From 2020-2025 ( USD Billion )
  17. Global Piezoelectric Force Sensor Market By Region, From 2020-2025 ( USD Billion )
  18. Global Strain Gauge Market By Region, From 2020-2025 ( USD Billion )
  19. Global Load Cell Market By Region, From 2020-2025 ( USD Billion )
  20. Global Capacitive Force Sensor Market By Region, From 2020-2025 ( USD Billion )
  21. Global Magnetoelastic Force Sensor Market By Region, From 2020-2025 ( USD Billion )

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