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(Wireless-NewsWire.Com, October 23, 2019 ) Market Overview:
Force Sensors have a wide range of application such as in touch screen mobiles and the automotive industry. With the robotics industry gaining pace all around the world will be another reason for the boost in force sensor market during the forecast period.
A force sensor is a device that measures the amount of force applied. There are many ways to measure force which may be mechanical or electrical by nature. Force measurement devices are significantly varying in working principles. Force sensors themselves are adaptable for many other types of measurements, such as pressure, mass, weight, and torque also. They are capable of operating over a wide temperature range when used with proper temperature compensation.
Market Dynamics:
The Force Sensors market growth is primarily driven by the growing use of force sensors in the automotive industry. The use of force sensors for monitoring internal combustion engine, sensing tire pressure and others is increasing due to the stringent government regulation for the emission. The growing production of passenger cars is directly impacting the force sensors market.
However, the availability of substitutes for these sensors will hinder the growth of the Force Sensors market for the forecast period. The high rate of rejection during manufacturing increase manufacturing cost is another restraint for the force sensors market.
Market Segmentation:
By Technology, the Force Sensors market is segmented into Capacitive, Piezoresistive, Optical, Magnetic, Ultrasonic, Electrochemical, Load cell, and Strain Gauge.
By Application, the Force Sensors market is segmented into Aerospace & Defense, Chemicals, Oil & Gas, Medical & Pharmaceutical Sector, Agriculture, Printing and Packaging, Industrial, Automotive, Consumer Electronics, and Others. Oil & gas has a significant share in the application segment and is expected to grow in forecast period.
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Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
APAC holds the largest market share for Force Sensors due to the high demand for various Force Sensors in countries like India and China because of the rise in the electronics and automotive industries. Moreover, the high demand for electronics like mobile, tablets, is also driving the market for the region. Hence, there is a rise in the production of electronics in countries like India.
North America holds the largest market share for Force sensors due to the rise in oil & gas exploration in the region.
Competitive Analysis:
The major players include Tekscan, TE Connectivity, Feutek Advanced Technology, Measurement Specialities, and Siemens.
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Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
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