Force Sensors Market - Forecast(2021 - 2026)

The market for Force Sensors is forecast to reach $2,426.62 million by 2025, growing at a CAGR of 4.01% from 2020 to 2025. Force Sensors are one type of micromechanical sensors. It is a device that senses any changes in geometry or limits and shows the magnitude of some kind of mechanical force in the form of an electric signal. It is also called a transducer known for the transformation of mechanical energy into electrical energy. Sensing technology will continue to be the foundation for data collection as the need for industrial robotic automation advances that will help transform manufacturing floors into connected, cost-effective, and reliable facilities thereby boosting the market growth rate.

Report Coverage
The report: “Force Sensors Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Force Sensors market. 

By Transducer Type: Capacitive Force sensors, Strain gauges, Piezo resistive force sensors, optical force sensors, magnetic force sensors, Magneto elastic, Ultrasonic force sensor, Electrochemical force sensor, Load cell sensors, others.
By Measuring System: Hydraulic, pneumatic, Elastic devices, Vibrating elements, others
By Application: Automotive, Aerospace & Defense, Chemical, Oil and gas, Medical & pharmaceutical, agriculture, printing & Packaging, Industrial, Consumer electronics, Others
By Geography: North America, South America, Europe, APAC, and RoW.


Key Takeaways:

  • APAC region in the force sensors market is expected to consist highest share during the forecast period from 2020-2025. The robotics and automation in the countries such as China, India, and South East Asia is fueling the growth of force sensor. 

  • Industrial segment in the force sensors market is expected to expand at a CAGR of 6.35% in terms of revenue during the forecast period from 2020-2025. 

  • Increasing adoption of industrial automation is analysed to be a key driving factor for the Force Sensors market.

Measuring Systems - Segment Analysis

Hydraulic Sensors are set to hold highest market share in 2019. Hydraulic measuring system are impressive due to their reliability and used for quickly and directly display the power in various applications.

 Hydraulic measuring system uses force gauge or force transducer according to the hydraulic principle uses a piston-diaphragm combination as a pick-up unit.  Hydraulic measuring system uses pressure gauges where no batteries or other voltage supply, required, they work hydraulically and mechanically. The hydraulic measuring system are easy to transport and ready to use, these are major advantages of the hydraulic force measurement hence the adoption rate is high.

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End user- Segment Analysis

Industrial is set hold highest share in 2019 majorly attributed to the high adoption of automation. The significant rise in the adoption of robotics in the industrial sector is majorly contributing to the growth of the market as the deployment of force sensors in robotics enhances the effectiveness of the robots.

Force sensors enables robots to have proper balance by ensuring that robots properly shifts its weight and does not fall. It also improves the weight handling capacity of the robot by ensuring appropriate grip force. Force sensors in robotics to control the force and velocity when objects are aligned, fitted, buffed or assembled; thereby improving the product quality. As stated by International Federation of Robotics (IFR), from 2020 to 2022, around 2 million units of industrial robots are anticipated to be installed in factories around the world. These factors are set to boost the demand for force sensors owing to their high deployment in robots.


Geography - Segment Analysis

APAC dominated the Force sensors market in 2019 majorly attributed to the high manufacturing base in China, India, and so on. Despite an upturn in domestic manufacturing, India electronic production in 2018-19 was $70 Billion with respect to global $2.1 Trillion. 

India’s domestic electronics hardware manufacturing sector faces a problem related to level-playing field against competing nations on account of several disabilities which render the sector uncompetitive which is expected to be better in future. In 2018, China's annual vehicle production accounted for more than 30 percent of the world's vehicle production, which exceeds that of the European Union, or the United States and Japan combined.

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