What is the expected growth rate of the force sensor market?
The global force sensor market is projected to grow at a CAGR of 6.96% from 2023 to 2031, driven by rising automation, demand in automotive and healthcare, and miniaturization advancements.
Which region is the largest force sensor market?
North America currently holds the largest market share due to its established automotive, defense, and electronics sectors. However, Asia Pacific is expected to witness the fastest growth due to booming electronics and automotive production.
Who are the key players in the force sensor market?
Tekscan, TE Connectivity, Sensitronics, and Texas Instruments are among the major players, but the landscape is fragmented with continuous innovation and M&A activity.
Which technologies are leading the force sensor market?
Piezoelectric and strain gauge force sensors currently dominate the market, but optical and ultrasonic technologies are gaining traction due to their precision and non-contact measurement capabilities.