Force Sensor Market, By Type (Piezo Electric Force Sensor, Piezo Resistive Force Sensor, By Application, By Vertical - Forecast 2023.
Pune, India -- (SBWIRE) -- 11/16/2017 -- Market Highlights
In this rapidly changing world of technology, force sensor market is projected to show major growth prospects during the forecast period. Major factor driving the force sensor market is the rising fuel efficiency standards and increasing demand of sensors per vehicle. Growing demand from automotive sector is one major factor driving the growth of force sensor market.
The global force sensor market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the force sensor market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of force sensor market. This is owing to the presence of large number of established key players like TE Connectivity, General Electric and Honeywell International in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. Increasing demand for force sensors in medical segment is expected to be one major factor for the growth of force sensor market.
In the global force sensor market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, force sensor market is projected to contribute faster to the growth of revenue backed by increasing demand for force sensors from automotive segment and growing popularity of touch interface devices in countries such as Japan, China, South Korea and India. This is owing to the presence of key players like Infineon Technologies AG (Germany) in the region.
The Force sensor market is growing rapidly over 6% of CAGR and is expected to reach at approx. USD 2.95 Billion by the end of forecast period.
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Major key Players
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)
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Force Sensor Market Research Report-Forecast to 2023".
Force Sensor Market Segmentation
The force sensor market has been segmented on the basis of type, application and vertical. The vertical segment is bifurcated into aerospace & defense, manufacturing, medical & pharmaceuticals, agriculture, printing & packaging, industrial, automotive and others. Out of which automotive segment holds the largest market share of force sensor market during the forecast period. This is owing to the increasing demand for sensors per vehicle. Rising fuel efficiency standards is another factor responsible for fueling the growth of force sensor market.
Market Research Analysis:
It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in Force Sensor market in North America is attributed to technical advancements and increasing demand for force sensors in automotive, manufacturing and healthcare sectors among others in that region.
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Table of Content
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
LIST OF TABLES
TABLE 1 FORCE SENSOR MARKET, BY TYPE
TABLE 2 FORCE SENSOR MARKET, BY APPLICATION
TABLE 3 FORCE SENSOR MARKET, BY VERTICAL
TABLE 4 FORCE SENSOR MARKET, BY REGIONS
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 FORCE SENSOR MARKET, BY TYPE
FIGURE 3 FORCE SENSOR MARKET, BY APPLICATION
FIGURE 4 FORCE SENSOR MARKET, BY VERTICAL
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