Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Force sensors are force transducers devices which convert input mechanical load into an electrical output signal. It basically acts as a force sensing resistor for an electric circuit. It has different benefits such as ultrathin sensor construction which leads to less interference in normal action of device and provides exact response along with flexibility. Depending upon the sensing and working method, variety of force sensors are present in the market.
The global force sensor market is anticipated to witness highest growth over the forecast period. Factors encouraging the growth of the force sensor market are technological advancements, increasing product demand, low manufacturing cost, rising demand of industrial robots, innovations and development in the manufacturing, advancement of medical devices with force sensing technology. On the other hand, there are various factors which are restraining the growth of the market such as instability in the demand among different end-user industries and poor condition of aftermarket sales channels.
The outbreak of Covid-19 around the globe has progressively impacted the global force sensors market. The pandemic has directly affected the global economy of force sensor market in three different ways such as by directly affecting production and demand, impact on financial markets and firms and by creating supply chain and market disruption. China is one of the high suppliers of finished goods and raw materials. The industry is in the midst of facing disruption in supply chain, reduction in production and fluctuations in price.
The report analyses the force sensors market based on technology, end-user and by geography.
By Technology, the global force sensors market is segmented into piezoelectric force sensor, strain gauge, load cell, capacitive force sensor, and magnetoelastic force sensor. Piezoelectric force sensor holds the largest market share in the force sensor market. Piezoelectric sensors detect changes in acceleration, pressure, temperature, force and strain and convert the obtained data to an electric charge. Therefore, it is mostly used in various applications involving touch, flex motions, vibrations and shock measurement. Piezoelectric sensors are used in different industries such as healthcare, consumer electronics, aerospace and nuclear instrumentation.
The force sensors market by end use industry is classified into healthcare, industrial manufacturing, automotive, aerospace and defense, consumer electronics. Automotive segment holds the largest market share as these sensors are important components in automotive electric control system which includes tire pressure monitoring, oil pressure sensing and engine management system. Rigorous government regulations for emissions monitoring has further improved the usage.
Geographically, the force sensors market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. North America is currently estimated to be the largest in force sensors market due to high technological advancements and growing adoption among different end-users. Further, revenue contribution from Asia pacific is anticipated to be significant over the forecast period.
Some of the major players operating in this market include METTLER TOLEDO (US), Spectris (US), Flintec (Sweden), TE Connectivity (Switzerland), Vishay Precision Group (US), Taiwan Alpha Electronic (Taiwan), Honeywell (US), Baumer Group (Switzerland), Gefran (Germany), Siemens (Germany), Senata technologies (US), Kistler (Switzerland), BCM Sensor Technologies. (Belgium), Tekscan (US), Lorrenz Messtechnik (Germany), Futek Advanced Sensor Technology (US).
The report analyses the force sensors market based on technology, end-user and by geography. By technology, the global force sensors market is segmented into piezoelectric force sensor, strain gauge, load cell, capacitive force sensor, and magnetoelastic force sensor. Piezoelectric force sensor holds the largest market share in the force sensor market. Piezoelectric sensor detects changes in acceleration, pressure, temperature, force and strain and convert the obtained data to an electric charge. Some of the major players operating in this market include METTLER TOLEDO (US), Spectris (US), Flintec (Sweden), TE Connectivity (Switzerland).
Geographically, the Force Sensors Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa.
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