Force Sensor Industry Size is expected to grow at a CAGR of 4.7% during the forecast period and the market size is expected to reach nearly USD 3.40 6 Bn. by 2030

5 Companies With the Largest Market Share

Honeywell International Inc.: Honeywell is a global leader in sensors and measurement systems with a wide portfolio of force sensors for industrial, automotive, and healthcare applications. Their solutions are known for accuracy, durability, and adaptability.

TE Connectivity: A producer of advanced connectivity and sensing systems such as high-performance force sensors. Their products cater to various sectors, such as aerospace, medical devices and consumer electronics.

Futek Advanced Sensor Technology Inc.: Futek specializes in the design of custom sensors that are used in various high-accuracy applications, from medical robotics to aerospace and industrial automation. Applications are still being developed and improved upon, specifically their proprietary strain gauge technology that is continually increasing sensor precision.

Sensata Technologies — A key player in strong automotive and industrial applications, Sensata Technologies designs rugged force and pressure sensors. The company works AI-based diagnostics into sensor performance.

NoHarm: A multimodal smart system for rehabilitation and to promote a better lifestyle. Their solutions correlate with other connected systems.

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Recent Mergers & Acquisitions

TE Connectivity Acquires Measurement Specialties Inc.: Completed in October 2023, TE Connectivity acquired at Measurement Specialties Inc. (MSI), a top supplier of various sensors, including pressure and force sensors. This acquisition expanded TE's industrial sensing cross section and amplified its share of robotics and automation.

Honeywell's Investment: Honeywell bought a leading force sensor start-up to strengthen its product portfolio and position in the market.

Honeywell Micro-Force Sensors: Honeywell launched micro-force sensors for small devices, which improve accuracy in medical devices.

Piezoelectric Force Sensors by TE Connectivity: TE Connectivity introduced next-generation piezoelectric force sensors, which effectively detect dynamic force variations.

Futek's Multi-Axis Force Sensor: Futek introduced a small, lightweight multi-axis force sensor for robot applications.

Sensata's Electric Vehicle Sensors Sensata launched a variety of force sensors to support electric vehicles emphasizing the move towards greener mobility.

NXP IoT Compatible Force Sensors NXP released IoT-compatible force sensors targeting the smart home and industrial automation markets.

Working Class and Stock Income

Honeywell announced a Greenfield investment in Asia to build a state-of-the-art manufacturing facility, enhancing its supply chain robustness.

Brownfield Investment by TE Connectivity in Europe: TE Connectivity has opted for brownfield investments in Europe, retrofitting existing facilities to manufacture next-generation sensors.

Futek Expands R&D in the United States: Futek announced the expansion of its research and development (R&D) hub in the United States showcasing their dedication to enhancing sensor technologies.

Paraphrase Sensata Digital Manufacturing Capabilities: To improve productivity and innovation, Sensata has invested in digital manufacturing capabilities.

Conclusion

The Force Sensor Market has been extensively studied, with history and modes contributing to a comprehensive understanding of their evolution and the landscape of the global economy. These organizations are expanding their market presence and meeting the changing needs across every industry around the globe by means of mergers and acquisitions, product improvements, and high value investments

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