Global $2.72 Billion Force Sensors Market, 2022

Global $2.72 Billion Force Sensors Market, 2022

PR Newswire

DUBLIN, September 11, 2017

DUBLIN, September 11, 2017 /PRNewswire/ --

The "Global Force Sensors Market - By Type , Application, Geography, Trends, Forecast - 2017 - 2022" report has been added to Research and Markets' offering.

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The Global Force Sensors market is valued at USD 2.029 billion in 2016 and is expected to reach a value of USD 2.72 billion by the end of 2022, growing at a projected CAGR of 5.03% during the forecast period of 2017 - 2022

Over the past decades, sensors have become an important part of any automation and measurement applications. The significant growth of advanced electronic control systems coupled with rise in sensor accuracy, response time, reliability, robustness, miniaturization, efficiency and communications capability is leading to growing demand for sensors across various end-use sectors.

The Force sensor acts as a force sensing resistor in an electrical circuit. When the force sensor is unloaded, its resistance are very high. When a force is applied to the sensor, this resistance decreases. The resistance can be measured by a multimeter, then applying a force to the sensing area. The applied pressure is sensed by the force sensors and the corresponding value electrical current will be generated.

Force sensors has many benefits like its ultra-thin sensor construction and flexibility which means minimal interference/disturbance to normal action and its accurate response gives end users confidence in the performance of the product. Force sensors can also be used in Wireless Inventory Management, which can improve order scheduling, avoid having to stop production caused by low inventory of a particular part. And these are economically profitable as they lower the cost associated with manual and repeated physical inventories and the cost associated with sales visits to check inventory is also minimized.

Low manufacturing cost, technological development, growing implementation in the medical devices improvement, high growth of industrial robots and increase in demand for reliable products are few drivers for the increase in demand for these sensors in the global market. However, aftermarket sales channels are not yet fully developed and volatility in demand across key end-user sectors are some of the factors serving as impediments to market growth.

Some of the market players mentioned in the report are Futek Advanced Sensor Technology Inc., Texas Instruments, Omron, TE Connectivity, Siemens AG, ATI Industrial Automation and Tekscan Inc.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview & Dynamics

5 Technological Snapshot

6. Force Sensors Market Segmentation and Forecast

7. Company Profiles

8. Investment Analysis

9. Future of the Force Sensors Market

Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/r7dp3k/global_force


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