The global force sensors market was valued at USD 2109.7 million in 2019, and it is expected to reach a value of USD 2714.8 million by 2025, registering a CAGR of 4.68% over the forecast period 2020-2025. Force sensors have become key features in industrial robots, by enabling them to be task agnostic and safely operate alongside humans. These sensors have improved the monitoring and managing of networked embedded systems. The adoption of automation has transformed the global landscape, as these sensors have become critical to all automated equipment, offering accuracy and precision in all operations.

  • Force sensing makes surfaces more intuitive to use, and the displays enable user experience designers to simplify and improve the control surface layouts, on many of today’s appliances. This has allowed designers to seamlessly integrate force sensors into new designs, by exploring a new generation of user interfaces for appliances.
  • Often, force sensors are also installed to track the force experienced by parts of the vehicle, such as axle beams, dampers, etc., to avoid fatigue failure, especially in heavy automotive vehicles, such as construction trucks and mining vehicles, as overloading or unexpected stress levels would lead to higher maintenance costs.
  • Furthermore, increasing safety regulations, and rapidly rising adoption of advanced driver assistance systems (ADAS), which alert the driver based on several parameters, are expected to drive the demand for force sensors, over the forecast period.
  • The current force sensor product portfolio in the market is quite standardized in terms of product offerings. Although the market has the potential to offer a plethora of applications, the offerings of the market players are quite limited. However, the market is witnessing the introduction of customized force sensor products for specific original equipment manufacturing (OEM) needs.



Key Market Trends

Automotive Sector is Expected to Register a Significant Growth

  • The rising automotive sales and increasing production of vehicles across the world are expected to create opportunities. According to OICA (Organisation Internationale des Constructeurs Automobiles), the sales of automobiles in China, in 2019, reached to 21.4 million units. In 2019, around 67 million passenger cars were produced, worldwide.
  • The automotive industry has many new opportunities for the force sensors in the field of R&D and infotainment systems. In recent years, the automotive industry emerged as an excellent source of demand for touchscreen units.
  • Prominent automotive sensor manufactures, such as Bosch, Denso, and Infineon Technologies, are focusing their investment into technologically advanced, safer, and more secure sensor-based products for various automotive applications.
  • Moreover, increasing safety regulations, and rapidly rising adoption of advanced driver assistance systems (ADAS), which alert the driver-based on several parameters, are expected to drive the demand for force sensors, over the forecast period.
  • However, the electronics devices are expected to be impacted significantly by the COVID-19 outbreak, as China is one of the major suppliers for the raw materials and the finished products. The industry is in the midst offacing a reduction in production, disruption in the supply chain, and price fluctuations. The sales of prominent electronic companies are expected to be affected in the near future.



North America is Expected to Hold Major Share

  • North America holds a prominent share of the global market and the US plays a crucial role in generating the demand from the region when compared to Canada. Over the forecast period, the country is expected to dominate the global market, owing to the high implementation of digitization in various sectors such as the healthcare sector, due to the increasing necessity to improve the quality of health care services and the rise in the military and defense expenditure.
  • The region recorded the highest healthcare expenditure across the world over the past few years. The US had witnessed an increasing share of health care spending in total government expenditures in the last three decades, i.e., from 11.9% in 1990 to 24.1% in 2018. However, due to the digital revolution, it can be estimated that over USD 300 billion in healthcare expenses can be saved, specifically, in the field of chronic disease management.
  • Further, smartphones that constitute a significant part of consumer electronics utilize force sensors that enable true edge-to-edge mobile displays. The United States is one of the largest smartphone markets in the world, with one of the highest smartphone penetration rates worldwide. According to Consumer Technology Association, the value of smartphone sales in the country has increased to USD 77.5 billion in 2019 from USD 33.7 billion in 2012.
  • Moreover, R&D initiatives are transforming the automotive industry to respond better to new opportunities. Also, electric vehicles (EV) attained record sales over the past few years and is set to sustain that growth in the near future with business uptake, government support, and consumer demand, as electric mobility continues to be a driving force of global climate action.



Competitive Landscape

The force sensor market is competitive and consists of a few major players such as Alps Electric Co. Ltd, Synaptics Inc., Interlink Electronics Inc., Pressure Profile Systems Inc., and Uneo Inc. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring start-ups working on force sensors to strengthen their product capabilities.

  • April 2020 - Tangio Printed Electronics has strengthened its position in force-sensing resistors with the introduction of the TPE-600 range. Based on customer demand, and extensive development was undertaken for fuZion hybrid sensor solution, Tangio announced the launch of TPE-600, an off-the-shelf range of Thru-Mode industry-standard footprint FSR’s.
  • January 2020 - Sensel collaborated with Visionox to highlight the next-generation side-sensing demo phone. Under the partnership, Visionox would provide a flexible AMOLED display module that curves around the edges. Sensel integrated its force-sensing technology under the curved display, maximizing screen real estate while opening up a wide range of game-changing applications.



Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support