Overview of Force Sensor Market Forecast 2018-2026: Europe Dominated the Market in 2017 with Share of 24.07%
The force sensor market is projected to expand at a CAGR of 4.2% during the forecast period and reach US$ 2,099.7Mn by 2026.
Albany, NY -- (SBWire) -- 08/28/2018 --The global market is expected to be influenced by a range of macroeconomic and industry-specific factors during the forecast period. Demand for force sensors is likely to be significant in Asia Pacific from 2018 to 2026.The market in the region is anticipated to expand at a CAGR of 4.9% during the forecast period.
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Global Force Sensor Market - Overview
This comprehensive report by Transparency Market Research analyzes the force sensor market at the global and regional level. The report provides analysis for the period 2016–2026, where2017 is considered to be the base year and 2018 to 2026 is the forecast period. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report analyzes all the major trends likely to influence the growth of the global force sensor market from 2018 to 2026. It also analyzes drivers, restraints, and opportunities in the market. The study provides a perspective of the force sensor market in terms of value and volume (US$ Mn and Units) across five regions: Asia Pacific, South America, North America, Middle East & Africa, and Europe.
The report includes a detailed value chain analysis, which is focused on providing a widespread view of the global force sensor market. The value chain analysis section includes a list of active market participants, marketing channel analysis, and market positioning. The report also includes force sensor manufacturing cost analysis, which includes raw material analysis, cost structure analysis, and manufacturing process analysis. Porter's Five Forces analysis is also provided in the report to understand the competitive scenario in the market. The study incorporates market attractiveness analysis, wherein the measurement type, and end user industry segments are benchmarked based on size, growth rate, and attractiveness. The report also includes attractiveness analysis for each region in order to provide the overall competitive scenario in the force sensor market.
The overview section in the report analyzes the market trends and dynamics that include drivers, restraints, and opportunities for the current and future force sensor market. A market outlook analysis has also been provided in the report. Additionally, the report offers analysis of business strategies adopted by the key players in the force sensor market. The introduction chapter provides a snapshot of different trends and services related to force sensors.
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Global Force Sensor Market: Scope of the Report
In terms of measurement type, the global force sensor market has been segmented into tension force, compression force, and both. Based on end use industry, the global market has been divided into oil & gas, automotive, medical, industrial, and aerospace & defense sector. The report provides region-wise breakdown of the force sensor market and categorizes it at various levels, thereby providing valuable insights at micro and macro levels.
The report also highlights the competitive scenario in the global force sensor market, ranking the major players according to key developments and geographic presence. The insights for the global market are the result of extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
In terms of country, North America has been classified into the U.S., Canada, and Rest of North America. Europe has been analyzed for Germany, France, the U.K. and Rest of Europe. Asia Pacific has also been segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East &Africa covers GCC, South Africa, and Rest of Middle East &Africa. South America comprises Brazil and Rest of South America. This report provides all the strategic information required to understand the force sensor market along with its measurement type, and end user industry. Additionally, the report provides insights related to the components and different applications for the regions mentioned above.
Global Force Sensor Market: Research Methodology
The research methodology is a combination of primary research, secondary research, and expert panel reviews. Secondary sources include annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, and statistical databases.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the force sensor market, across regions. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, and growth trends. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is discussed and examined by our expert panel.
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Global Force Sensor Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global force sensor market. Market players have been profiled in terms of attributes such as company overview, financial overview, SWOT analysis, business strategies, and recent developments. Key players in the global force sensor market are Dytran Instruments Incorporated, Flintec, Inc., Hitec Sensor Developments Inc., Honeywell International, Inc., Futek Advanced Sensor Technologies, Kistler Group, TE Connectivity, Tekscan, Inc., Lorenz Messtechnik GmbH, ME-Meßsysteme GmbH, and Sherborne Sensors, among others. These companies focus on expanding business through strategic acquisitions and partnerships with several end use industries.
The global force sensor market has been segmented as follows:
Global Force Sensor Market
By Measurement Type
By End-use Industry
Oil & Gas
Aerospace & Defense
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Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle East &Africa
Rest of Middle East & Africa
Rest of South America
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