Persistence Market research states that the global force sensor market is poised to witness a CAGR of over 5% between 2020 and 2030.
The global force sensor market is basically driven by the exponential demand for various industrial robots coupled with call for safety features in the automobiles. Also, as force sensor does have thickness lesser than 0.5 mm, the normal action of electronic control systems does not get disturbed. This minimum interference is also expected to take the force sensor market by storm in the years to come.
What more could be taken from the force sensor market?
The force sensor market, by type, spans tension force sensor, compression force sensor, and tension, magnetic force sensor, ultrasonic force sensor, capacitive force sensor, piezo resistive force sensor, optical force sensor, and compression force sensor.
It has been observed that force sensors have enhanced managing as well as monitoring on the part of network embedded systems. The other advantage is that force sensing renders surfaces more intuitive. Plus, displays do enable designers to improve on and simplify control surface layouts. Therefore, designers are able to seamlessly integrate the force sensors into novel designs.
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Covid-19 Impact
The outbreak of Covid-19 has applied brakes to the force sensor market. As it is an auxiliary market to automobiles and the production and supply have taken a hit in wake of lockdowns being enforced. The status quo is expected to remain unchanged till at least mid-2021 (by then, Covid-19 vaccine would be hopefully in place).
What do Regions have to say?
North America leads the force sensor market due to technological advancements along with immediate adoption amongst the end-users. Europe comes in second. The Asia-Pacific is expected to grow at the fastest pace going forward, especially due to Japan being the flag bearer.
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Market Participants
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The key players in the force sensor market include Synaptics Inc., Alps Electric Co. Ltd., Interlink Electronics Inc., Uneo Inc., and Futek Advanced Sensor Technology Inc.
On the development front, the market is witnessing the following:
- Tangio Printed Electronics, in Apr 2020, did introduce TPE-600 range in lines with fuZion hybrid sensor solution.
- Sensel, in Jan 2020, did enter into collaboration with Visionox for highlighting the next-gen side-sensing demo phone. Visionox is expected to make provision for flexible AMOLED display module herein. The curved display is bound to maximize screen along with opening game-changing applications.
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