According to the new market research report by IndustryARC titled “Force Sensors Market: By Application (Automotive, Medical, Industrial, Printing & Packaging, Others); By Type (Capacitive Force Sensors, Strain Gauges, Piezo-resistive Force Sensors, Magnetic, Others), By Geography - (2015-2022)”, the market is driven by the robust demand of the product in the Healthcare and Aerospace industries.
APAC held the largest market share in the Force Sensors Market
Asia-Pacific holds the largest market share and growth in the Force Sensors Market, and is anticipated to reach $130.9 million by 2023 at a CAGR of 10.5%. APAC Force Sensors Market is mainly driven by the growing demand for safety in the manufacturing sector.
Selected Value Chain Analysis done in the Force Sensors Market report
• The value chain analysis deals with the comprehensive evaluation of each activity involved in the processing of any product/service, and finally delivering it to the end-users. Each stage across the value chain of a product or service is associated with creating some sort of monetary value.
To access / purchase the Force Sensors Market report browse the link belowhttps://industryarc.com/Report/2328/Force-Sensors-Market-Analysis-Report.html
Excerpts on Force Sensors Market Growth Factors
• High growth rate of Industrial Robots is expected to accelerate the market demand of force sensors, increasing innovation in manufacturing, and improvement of medical devices are the key factors that drives the Force Sensors Market.• Force sensor market is estimated to grow at a significant rate in the next five years, with demand from the end use segments such as medical, automotive and robotics.
Key players of Force Sensors Market:
• The key players in the Force Sensors Market are: Spectris, Honeywell, Sensata, TE Connectivity, Infineon, and Siemens. These companies have focused on agreements with end user industries as well as product launches in order to gain market position in the force sensor market.
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