Force & Torque Sensor Market By Type (Force Sensors (Optical Force Sensor, Piezo-Resistive Force Sensor, Piezo-Electric Force Sensor, Capacitive Force Sensor, Magnetic Force Sensor, Ultrasonic Force Sensor, Electrochemical Force Sensor, Load Cell Sensor, Others), and Torque Sensor (Dynamic Torque Sensor, Joint Torque Sensor, 6 axis force/torque sensor, 4 Axis force/torque sensor, Static Torque Sensor, Others)), By Technology (Force Sensors (Strain Gauge, Thin-Film Sensors, Hydraulic Force Measurement) and Torque Sensor (Surface Acoustic Wave, Magnetoelastic, Optical, Strain Gauge)), By Application (Force Sensors (Traffic Engineering, Process Monitoring, Biomedical, Condition Monitoring, Measuring Equipment, Others) and Torque Sensor (Robotics, Engines. Automotive safety system, Assembly welding, Aircraft flight control, medical devices, Others)), by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) global Forecast Till 2032
In 2023, the Force & Torque Sensor Market Size was estimated to be USD 11,653.7 million. The Force & Torque Sensor market industry is anticipated to experience a compound annual growth rate (CAGR) of 12.7% from USD 13,490.1 Million in 2024 to USD 35,125.7 Million by 2032.
For the purpose of measurement, force sensors convert mechanical forces into electrical signals. They are indispensable in industrial automation systems, engineering apparatus, and power equipment, with capacities and sizes that range from grams to tons.
In mechanical systems, torque sensors, or torque meters, precisely quantify rotational force. They supervise the torque that is applied to rotating components or shafts. The market is benefited by the growing demand for hybrid vehicles and electric power steering. Nevertheless, the absence of security standards impedes market expansion. In the future, there are promising opportunities for market expansion due to advancements in torque measurement technologies.
Market segment insightsBy type, the Force & Torque Sensor market is divided into two categories: Force Sensors and Torque Sensors.
The Force & Torque Sensor Market has been segmented into Force Sensor technology and Torque Sensor technology, as determined by technology.
The Force & Torque Sensor Market has been segmented into the following verticals: Aerospace & Defense, Manufacturing, Medical & Pharmaceuticals, Printing & Packaging, Consumer Electronics, Industrial, Automotive, Robotics, and Others.
Regional PerspectivesThe Force & Torque Sensor market is expected to be dominated by Asia-Pacific in 2023, and the region is expected to experience the highest CAGR during the forecast period.
North America, which encompasses the United States, Canada, and Mexico, is at the vanguard of technological advancements in the Force & Torque Sensor market. The North American Force & Torque Market is expanding at a rapid pace, and the region's expansion is ascribed to the increasing adoption of automation across various industries. As evidenced by the most recent report issued by the Robotic Federation, the total deployment of robots in the United States has increased, accounting for approximately 10% of the total number of robots deployed in 2023.
The demand for Force & Torque sensors in Europe has experienced a remarkable increase. The region's extant automotive industry is the primary factor contributing to the market's expansion. Some of the most significant automotive market participants are in Europe.
The Middle East and Africa (MEA) region's Force & Torque sensor market is expanding significantly because of the growing reliance on precise Force & Torque measurement in various industries and technological advancements. Force and torque sensors are employed in a variety of industries, including aerospace, automotive, medical devices, and manufacturing, to measure the force exerted on a component or assembly.
Major PlayersABB, Honeywell International Inc., Lorenz Messtechnik GmbH, Crane Electronics, Kern & Sohn GmbH, Kistler Group, Tekscan, Inc., Sensor Technology Ltd, HBK, Futek Advanced Sensor Technology Inc., Instron, Omega Engineering, Inc., Sensata Technologies, ForceN, TE Connectivity, ATI Industrial Automation Inc., Bota Systems, and others are among the key companies in the Force & Torque Sensor market.