A force sensor is employed to quantify the magnitude of force exerted on an object. It finds utility in various products and applications, including medical devices, automobiles, and electronic devices. The force sensor market is influenced by the increasing need for sophisticated medical equipment in the healthcare industry. In particular, force sensors are extensively utilized in medical equipment such as automated pumps for performance monitoring, micro-needle therapy, and precise CPR treatment. These applications rely on force sensors to effectively monitor the functioning of the equipment.
Hospitals and healthcare institutions are embracing advanced technologies, such as connected devices, to enhance the healthcare sector and provide improved healthcare services to patients. These technologies enable the generation of valuable data for healthcare professionals, which in turn fuels the adoption of force sensors in the healthcare industry For example, the Government of India announced a substantial investment of US$ 9.87 million in the health sector as part of the Union Budget 2020-21, as reported by the India Brand Equity Foundation
Market Dynamics:
The automotive industry's growing adoption of force sensors is a key driver of market growth in the projected timeframe. These sensors play a crucial role in various electronic control systems within automobiles, such as tire pressure monitoring systems (TPMS), oil pressure sensing (OPS), and engine management systems (MAP/BAP). The demand for sensors per vehicle is increasing due to evolving government regulations pertaining to emissions monitoring, braking systems, and higher fuel efficiency standards. For instance, the General Safety Regulation implemented by the European Union in November 2019 mandates the use of various sensors to assist drivers and enhance their safety. Additionally, major automotive manufacturers are utilizing a variety of sensors to improve the user experience in passenger cars, further contributing to the increased demand for force sensors in the global automotive industry.
Moreover, leading manufacturers in the worldwide force sensor market are providing a range of force sensors specifically designed for the automotive industry. One example is Sensitronics, LLC, an American company specializing in force sensor manufacturing. They offer customized single-zone force sensing resistors, including products like the 1-Inch Shunt Mode FSR, tailored for automotive applications. These advanced sensors deliver high precision for vehicle control purposes.
The set top force sensor manufacturers are constantly adopting advanced technologies using AI and IoT in order to provide high quality products to the consumers.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook