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Global Force Sensors Market Size, Share, Trends, Covid-19 Impact & Growth Forecast Report - Segmented By Operation (Analog And Digital), Application (Manufacturing, Energy & Power, Pharmaceuticals, Chemicals, Oil & Gas, Mining, And Others), Force Type (Compression, Tension, And Compression & Tension), Technology (Piezoelectric Force Sensor, Strain Gauge, Load Cell, Capacitive Force Sensor, Magneto Elastic Force Sensor, And Others) and Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2023 To 2028

Published: March, 2023
ID: 9537
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Force Sensors Market Size (2023 to 2028)

The global force sensors market size is expected to be worth USD 1.80 Billion in 2023. It is expected to grow at a CAGR of 6% during the forecast period and reach a value of USD 2.41 Billion by 2028.

Global Force Sensors Market Drivers:

One of the key factors propelling the force sensor market is the increase in industrial automation. Automation and robotics are the primary drivers fuelling the industrial sector's revival and transformation in recent years. These solutions are adopted by various industrial sectors and Industry 4.0 is significantly accelerating and improving their adoption. Robotic operations including deburring, sanding, polishing, and grinding are made possible using force and torque sensors. When a robot is placing a part in a vice on a CNC machine, a force-torque sensor in machine tending can assist it in locating jig stops. Applications for force sensing include robotic assembly, packaging, and product inspection. Moreover, the market for force sensors is anticipated to flourish during the forecast period due to the tightening of safety laws and the quickly growing uptake of advanced driver assistance systems that warn drivers based on several characteristics.

Additionally, since the government lifted restrictions and consumer’s desire for automobiles and consumer electronics increased the demand from the automotive, consumer electronics and healthcare sectors has increased post-pandemic. This will support the further growth of the force sensor market. The demand for force sensors in a variety of applications including autonomous vehicles, smart healthcare devices, electric vehicles, and smartphones, the force sensor market has grown steadily since COVID-19. These applications will lead to growth in the market.

Nano-sized force sensors and high-precision microscopy technology are gaining traction among developers and companies and are believed to provide a wide range of opportunities to the force sensors market. Researchers in cell biology at Tampere University have created a force sensor affixed to the side of a mechanically responsive protein in collaboration with experts from Ohio State University. This sensor enables the protein to detect stresses and strain within the cell. According to research, adding force sensing and feedback mechanisms to surgical robots could greatly increase surgical precision. For instance, stress sensors can reduce potential harm by allowing surgeons to apply the ideal amount of stress to the tissue, but they can also be used as a remote palpation tool to offer additional clinical data.

Global Force Sensors Market Restraints:

The force sensors market is predicted to face obstacles due to the lengthy lead times involved in the development of new force sensors. Also, robotic manipulation research remains hindered by a noticeable absence of suitable touch sensors. For robotic control systems to evolve in the future, effective tactile sensing must be developed. 3D force sensing, force range, and precision in terms of force pose the greatest performance requirements. Another factor restricting the growth of the market is the competition from alternate technologies. Force sensors may not be necessary for all applications due to specific requirements such as basic load monitoring on conveyor belts where simple sensors could be enough to meet the requirements.

The manual assembly of magnet elastomer transducers in the force sensors market has limitations in repeatability and cost-effectiveness, therefore hindering their potential for mass manufacturing. Also, the complexity of miniaturizing is hindering the expansion of the force sensors market. The ability to provide various functionalities in a compact sensor comes at a high cost due to budgetary and technological issues. Hence, to meet the evolving needs of the market companies must invest heavily in research and development of tiny sensors. Furthermore, rising raw material costs, labor costs and economic uncertainty in the last few years have also affected the market growth.

Impact of COVID-19 on the force sensors market:

The automotive industry was affected by COVID-19, especially in China, a key supplier of raw materials and completed goods. The industry saw price swings, supply chain disruption, and decreased production. The sales of well-known electronic companies were also impacted. The demand for force sensors in different applications like electric and autonomous vehicles, smartphones, and smart healthcare equipment led to a steady growth in the force sensors market after the pandemic. In the coming years, these applications will further drive the market. Furthermore, production stoppages and supply chain disruption forced countries to reduce their reliance on international supply chains and instead invest in local manufacturing.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

6%

Segments Covered

By Operation, Application, Force Type, Technology, & Region

Various Analyses Covered

Global, Regional, and country-level analysis; Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global force sensors market has been segmented and sub-segmented based on the operation, application, force type, technology and region.

Global Force Sensors Market - By Operation:

  • Analog
  • Digital

The digital segment of the force sensors market is expanding at a faster rate because of the rising demand for automation system integration and data-driven applications. The need for rich data sets producing digital force sensors continues to be propelled by the rising focus across sectors on automation and data-driven decision-making. On the other hand, the analogy segment is well-established and has long-standing uses in robotics, process control, and industrial automation.

Global Force Sensors Market - By Application:

  • Manufacturing
  • Energy & Power
  • Pharmaceuticals
  • Chemicals
  • Oil & Gas
  • Mining
  • Others

The Others segment is anticipated to propel further with a higher CAGR during the forecast period due to surging car sales and vehicle manufacturers worldwide. Sales of new cars in the United States including both retail and non-retail transactions are predicted to reach 1,354,000 units in August a 15 percent increase over the same month last year. Furthermore, force sensors have a plethora of new applications in the car sector, including infotainment system research and development. The automotive sector has become a great source of demand for touchscreen devices in recent years.

Global Force Sensors Market - By Force Type:

  • Compression
  • Tension
  • Compression & Tension
  • Piezoelectric Force Sensor
  • Strain Gauge
  • Load Cell
  • Capacitive Force Sensor
  • Magnetoelastic Force Sensor

The compression & tension segment is leading under this category at a rapid pace owing to its demand in various applications and adaptability. With the extensive usage of robots in the production and healthcare sectors flexible force sensors that can detect both pushing and pulling motions are required. Also, real-time feedback and insights into force dynamics are provided by the sensor's integrated intelligence and data processing capacities, which add value to the device. Furthermore, applications involving the Industrial Internet of Things benefit from wireless communication's smooth data transmission and system integration.

Global Force Sensors Market - By Technology:

  • Piezoelectric Force Sensor
  • Strain Gauge
  • Load Cell
  • Capacitive Force Sensor
  • Magnetoelastic Force Sensor
  • Others

The piezoelectric force sensor segment is expected to propel further during the forecast period. The demand for advanced sensing technology is growing as the world becomes more connected and automated. Owing to its sensitivity and precision piezoelectric sensors have emerged as a preferred option in a wide range of industries including chemical, healthcare, and oil and gas. Medical devices such as blood pressure gauges, infusion systems, ultrasound imaging systems, and prosthetic limbs that govern muscle action all use piezoelectric sensors.

Global Force Sensors Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

North America is the biggest force sensors market and is estimated to elevate further during the forecast period. The popularity of these sensors in vehicle design, safety systems, and performance optimization is currently driven by the region's large concentration of top automakers and technical breakthroughs. The USA and Canada are the three largest economies and all saw a notable 10 percent growth in commercial vehicle production in 2022 compared to 2021. Additionally, it has incurred a huge amount of foreign healthcare spending in the past ten years. Over the past thirty years, the United States has witnessed a rise in the amount spent on healthcare relative to total government spending.

Europe force sensors market is expected to move forward with a significant growth rate in the coming years. Force sensor demand is increasing in automation, robotic manufacturing, and quality control used in sophisticated industrial sectors due to strict safety standards in the automotive and medical industries. By employing robotics and assistive technologies, research institutes in Europe are creating sensor technologies to help expand the market in the fields of healthcare, surgery, medicine, and rehabilitation.

Asia Pacific is anticipated to expand with a considerable growth rate in the future. It remains one of the most profitable force sensor markets in the area. As a result of its thriving industrial production sector and the strong local consumption utilizing force sensor gadgets, this is increasingly becoming a priority for force sensors. In addition, by 2050, the Japanese government wants every new vehicle sold there to be hybrid or electric vehicles. The nation intends to provide subsidies for the commercial advancement of motors and batteries for automobiles that run on electricity. Furthermore, it is anticipated that the growing opportunity for force sensors will be driven by the increased investments made to support the deployment of autonomous vehicles.

Latin America force sensors market is beginning to grow with new opportunities for the companies. It is expected to drive further due to rising demand for consumer electronics and wearables demand as well as an increased desire for small and portable devices. There is an enormous demand for sensors that adapt to different applications and are resistant to severe environments due to the variety of industrial needs and environmental circumstances.

Middle East and Africa are estimated to grow at a higher rate during the forecast period. Economic expansion is driving an increase in healthcare in the Middle East, and optimizing resource use is essential to improving health outcomes. Also, miniaturization and enhanced communication abilities allow the incorporation of Nanosensors into automobiles without compromising essential features. This is boosting the market in the automotive sector. Meanwhile, the increasing acceptance of these sensors in various applications including automotive and medical is fuelling the growth.

KEY MARKET PLAYERS:

The major players of the Force Sensor Market are 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), Priamus System Technologies (Switzerland)

RECENT HAPPENINGS IN THE MARKET:

  • In July 2023, a wireless strain measurement system called QE2008-W was launched by Gefran for the North American countries for die casting and injection molding. With a sample rate of 1000 measurements/sec, the QE2008-W system helps molders measure the cavity pressure, bending, and clamping force profiles, which helps to ensure equipment protection and high-quality output.
  • In June 2023, TE Connection formed a partnership with Tacterion to offer smart touch and force sensor technology to promote the digitization of industrial processes. These innovative products will enable the ability to monitor digital devices remotely, making it essential for applications including safety, condition monitoring, and predictive maintenance in Industry 4.0 settings.

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FAQ's

1. How are force sensors used in the healthcare sector?

In healthcare, force sensors are employed in medical devices, rehabilitation equipment, and biomechanics research applications. They assist in monitoring forces exerted during various medical procedures and physical therapy.

2. How do force sensors contribute to quality control in manufacturing?

Force sensors are used in manufacturing for quality control by monitoring forces during assembly, material, and product testing. This helps ensure that products meet specified standards.

3. What role do force sensors play in industrial automation?

In industrial automation, force sensors are integrated into robotic systems to provide feedback on the force applied during tasks such as assembly, material handling, and machining. This enhances the precision and efficiency of automation processes.

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