Force Sensor Market : Industry Trends and Technology Update- Global Forecast to 2024

The report "Force Sensor Market by Application, Technology (Piezoelectric Force Sensor, Strain Gauge, Load Cell, Capacitive Force Sensor, and Magnetoelastic Force Sensor), Operation, Force Type, and Geography – Global Forecast to 2024", is expected to grow from USD 1.8 billion in 2019 to USD 2.3 billion by 2024, at a CAGR of 5.5%. Rising demand for industrial robots and growing safety features in automobiles are the key factors driving the growth of the force sensor market.

Market for manufacturing applications to grow at highest CAGR during 2019–2024

The market size for manufacturing applications is projected to grow at the highest CAGR during the forecast period. The industrial sector includes manufacturing and process industries such as semiconductor, automotive, and aerospace & defense. The large-scale implementation of sensors across various industries for the purpose of generating data and monitoring facilities are expected to offer lucrative growth opportunities in this application.


Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=16792450


Piezoelectric force sensor to dominate force sensor market, by technology, in 2019

The market for piezoelectric force sensors is expected to hold the largest share in 2019. Piezoelectric sensors detect changes in pressure, acceleration, temperature, strain, and force and convert the acquired data to an electrical charge. Hence, it is mostly used in applications involving flex motions, touch, vibrations, and shock measurement. Piezoelectric sensors are used in various industries, such as healthcare, aerospace, and consumer electronics, as well as nuclear instrumentation.

APAC  to hold largest share of force sensor market in 2019

In terms of value, APAC is expected to dominate the force sensor market in 2019. APAC is the largest market for force sensors owing to China’s largest manufacturing output. It is one of the largest manufacturers of consumer electronics, automobile, mining, and other machinery. Moreover, the strong presence of the market leaders such as METTLER TOLEDO (US), Spectris (UK), (US), Vishay Precision Group (US), Honeywell (US), Block Kistler (Switzerland), and Gefran (Germany) in North America is also contributing significantly to the growth of the force sensor market in the region.

Don’t miss out on business opportunities in Force Sensor Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441