Wednesday, 19 July 2017

Force Sensors Market trends research and projections for 2017-2024

This Force Sensors Market report is an exhaustive research on company’s active in Force Sensors sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years.

Force Sensors Market size shall witness a healthy growth in forecast period with application in aerospace, defence, printing, packaging, robotics and automotive industry. Its usage has increased for advanced electronic control systems as the product improve response time and efficiency of machines. Additionally, this has ultra-thin construction (thickness less than 0.5mm) that provides flexibility and minimizes interference and disturbance to normal action. These factors are expected to propel force sensors market during the forecast timeframe.

Force sensors are sensing device and act as pressure sensing resistor in electrical circuit. Resistance of the device is very high at no load condition and as force is applied, resistance decreases and is measured by millimetre. On application of pressure corresponding electric current value gets generated. These are supplied as polymer sheet that is applied by screen printing. It consists of both electrically conducting and non-conducting particles present in form of matrix. The particles are in sub micrometre size, formulated to enhance mechanical properties, increase surface durability and reduce temperature dependence.

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Adoption of internet of things (IOT) technology has augmented its usage in consumer electronics, healthcare, home automation and retail & logistics to enhance performance capabilities. The product has an edge over counterparts owing to its affordability and good shock resistance. Robot application in industries has propelled in current years and technological development has increased its use in medical devices to improve precision. Medical device market has registered a CAGR above 5% that has enhanced product usage. Such factors are expected to further boost force sensors market.

Major restraint for force sensors market is volatility in demand. Demand is not fixed among end use sector that acts as a challenge for its manufacturing plans. Rejection rate in manufacturing facilities is quite high either due to damage or low sensitivity that can reduce overall production capacity. Further, aftermarket sales channel is not fully developed that restricts product growth.

Based on type, force sensors market is segmented into, capacitive, strain gauge, piezoelectric, piezo resistive, optical, load cell, ultrasonic, magnetic and electrochemical. Capacitive contributes majorly with applications in computer mouse, mobile phones and digital audio players owing to excellent sensitivity, repeatability and temperature stability. Piezoelectric type is growing at fast pace owing to its use in touch pads of mobile phones and to monitor combustion in internal combustion engines. Magnetic field based sensors have substantial share as these are small in size that provide higher spatial resolution and does not require microfabrication with overall cost reduction.

Various end-use industries in force sensors market is classified as aerospace, defence, printing, packaging, robotics and automotive. Automotive segment has significant share as these are essential components in automotive electric control system including oil pressure sensing, tire pressure monitoring and engine management system. Stringent government regulations for emissions monitoring has further enhanced its usage.

Growth in deployment of robotics in manufacturing facilities and medical industries to improve efficiency and accuracy has amplified force sensors market. Aerospace and defence segment has substantial share owing to use of piezoelectric sensors for cryogenic fuel pulsation, testing rocket motor combustion instability, monitoring helicopter health and hydraulic pump elevation.

North America contributes considerably in global force sensors market with rapid technological advancement and increasing application in end use industry. Presence of NASA (National Aeronautics and Space Administration) and strong defence industry further promotes its adoption.

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Asia Pacific has significant share with use of capacitive type in touch pad mobile phones. The region has highest share in smart phones owing to presence of global players such as Samsung, Ericsson and Huawei. Europe, led by Germany has substantial share with well-established and flourishing automobile industry hosting giants such as Audi and Volkswagen.

Prominent manufacturers of force sensors market are Tekscan, TE Connectivity, Feutek Advanced Technology, Measurement Specialities, Siemens, Sensitronics, Omron Corporation, Texas Instruments, ATI Industrial Automation, Digi Key and GE Measurement. Companies are devising new technology to manufacture better product and minimize damage. For instance, Tekscan has developed wireless ‘FlexiForce’ technology to reduce their damage and increase their profitability.

This latest Force Sensors Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Force Sensors industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

•  Global Force Sensors Market size & forecast by product & application.
•  Growth drivers, pitfalls & industry challenges.
•  Key Force Sensors Market growth opportunities & emerging business models.
•  Competitive benchmarking with market share analysis and company profiles.

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