A complete study on the influence of COVID 19 pandemic on the force sensor market is offered with the report. Major tech companies are invested in development of innovations for force sensors, which can boost the expansion of the market in the review period. The increase in demand for force sensor in different industry verticals, such as consumer electronics, retail, automotive, and medical among others can underpin the expansion of the market across the review period. The high adoption of force sensors in the automotive industry can fuel the expansion of the force sensor market in the near future. The growing popularity of Force sensors, along with the rise in their applications in the consumer electronics field, especially in touch interface devices, can boost the expansion of the force sensor market through the analysis period.

Market Research Future (MRFR), in its latest report on the global force sensor market 2020, states that the increase in the adoption of force sensor by top notch companies, such as TE Connectivity and Honeywell International among other is expected to cause the market to boom in the assessment period. As per MRFR data, the force sensor market is likely to rise at 6% CAGR in the review period 2017 and 2023. By 2023, the force sensor market value can touch about USD 2.95 Billion.

Segmentation:

The segment analysis of the [URL=https://www.marketresearchfuture.com/reports/force-sensor-market-4454/]force sensor market share[/URL] is done by type, vertical, and application. The type based segments of the force sensor market are electrochemical force sensor, capacitive force sensor, optical force sensor, magnetic force sensor, piezo-resistive force sensor, strain gauges, ultrasonic force sensor, and load cell sensor. The piezo resistive force sensor type can win high profits for the market in the assessment period.

The vertical based segments of the Force sensor market are manufacturing, aerospace & defense, agriculture, medical & pharmaceuticals, industrial, automotive, printing & packaging, and others. The automotive segment is expected to generate the highest revenue for the global market in the review period. The gradual increase in the demand for sensors per vehicle and fuel efficient cars as per standards are other factors that are responsible to fuel the rise of the force sensor market in the near future, reveals MRFR data.

Key Players

Sensata Technologies Inc. (U.S.), Freescale Semiconductor Inc. (U.S.), TE Connectivity Ltd. (Switzerland), General Electric (U.S.), Infineon Technologies AG (Germany) ATI Industrial Automation Inc. (U.S.), Innovative Sensor Technology IST AG (Germany), Tekscan Inc. (U.S.), Honeywell International Inc. (U.S), and Spectris PLC (U.K.), among others are some reputed players in the force sensor global market as listed by MRFR.

Also Read: [FURL]http://www.marketwatch.com/story/force-sensor-market-rise-impacted-by-covid-19-outbreak-force-sensor-market-size-share-growth-competitive-landscape-challenges-and-investment-opportunities-2020-07-16/[/FURL]