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Global Force Sensors Market Outlook, 2020-2025 with Profiles of Major Industry PlayersDUBLIN, April 1, 2020 /PRNewswire/ -- The "Force Sensors Market - Growth, Trends and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering. The Global Force Sensors Market was valued at USD 1.8 billion in 2019 and is expected to reach USD 2.53 billion by 2025, at a CAGR of 5.9% over the forecast period 2020-2025. Surgical procedures have also undergone changes, as force sensors are being employed in surgical instruments, such as ocular surgery devices, staple machines, etc. These help the operating doctors to conduct more accurate and precise procedures, with the help of digital assistance provided by real-time data gathered and processed from force sensors. In the recent times, with the advent of connected medical equipment policies and IoT technologies, minimal equipment, such as saline drip weight measurement systems, have also been identified to be using force sensors to take periodic readings, in order to provide the best possible patient care. The United States is Expected to Hold Major Share High implementation of digitization in the healthcare sector, due to the increasing necessity to improve quality of health care services, and the rise in the military and defense expenditure are expected to offer growth opportunities for force sensors in the United States. The country recorded the highest healthcare expenditure in the world over the last few years. As of 2017, health expenditure in the country was valued around USD 3.5 trillion, an increase of 4.5% from 2016. 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. FDA's announcement of regulation, which highlights high-risk technologies can help big market players, who want to develop a universal platform for wearable medical technology. This is expected to drive the demand for wearables in medical applications. Competitive Landscape The Force Sensor Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share 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 share and increase their profitability. The companies operating in the market are also acquiring start-ups working on Force Sensor Market to strengthen their product capabilities. In July 2018, NextInput Inc. introduced the new ForceGaug sensor family, with 200% higher sensitivity performance. This disruption paves the way for the emergence of force-based HMI in smart watches, large touch displays, automotive panels, stainless steel appliances, and other applications. Key Topics Covered 1 INTRODUCTION 1.1 Study Deliverables 1.2 Study Assumptions 1.3 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Introduction to Market Drivers and Restraints 4.3 Market Drivers 4.3.1 Innovation & Development in the Consumer Electronics Sector 4.3.2 Surging Demand in the Automotive Sector 4.4 Market Restraints 4.4.1 Fluctuating Market Demands and Customization Issues 4.5 Value Chain / Supply Chain Analysis 4.6 Industry Attractiveness - Porter's Five Forces Analysis 4.6.1 Threat of New Entrants 4.6.2 Bargaining Power of Buyers/Consumers 4.6.3 Bargaining Power of Suppliers 4.6.4 Threat of Substitute Products 4.6.5 Intensity of Competitive Rivalry 5 MARKET SEGMENTATION 5.1 By Technology 5.1.1 Piezoresistive 5.1.2 Capacitive 5.1.3 Piezoelectric 5.1.4 Strain Gauge 5.1.5 Other Technologies 5.2 By End-user Industry 5.2.1 Healthcare 5.2.2 Industrial Manufacturing 5.2.3 Packaging 5.2.4 Automotive 5.2.5 Aerospace & Defense 5.2.6 Consumer Electronics 5.2.7 Others End-user Industries 5.3 Geography 5.3.1 North America 5.3.2 Europe 5.3.3 Asia-Pacific 5.3.4 Latin America 5.3.5 Middle East & Africa 6 COMPETITIVE LANDSCAPE 6.1 Company Profiles 6.1.1 Alps Electric Co. Ltd. 6.1.2 Synaptics Inc. 6.1.3 Interlink Electronics Inc. 6.1.4 Pressure Profile Systems, Inc. 6.1.5 Uneo Inc. 6.1.6 Futek Advanced Sensor Technology Inc. 6.1.7 Tekscan Inc. 6.1.8 Hottinger Baldwin Messtechnik (HBM) GmbH 6.1.9 Kavlico Corporation 6.1.10 Flintec Group AB 6.1.11 Tecsis GmbH 6.1.12 Shenzhen New Degree Technology Co. Ltd. 6.1.13 Sensel Inc. 6.1.14 Tangio Printed Electronics 6.1.15 NextInput Inc. 7 INVESTMENT ANALYSIS 8 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/3pd1u3 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-force-sensors-market-outlook-2020-2025-with-profiles-of-major-industry-players-301033283.html SOURCE Research and Markets |