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PORTLAND, Ore., Jan. 20, 2021 /PRNewswire/ Allied Market Research published a report, titled, Force Sensor Market By Operation (Analog and Digital), Force Type (Compression & Tension, Compression, and Tension), Technology (Strain Gauge, Load Cell, Force Sensitive Resistors (FSRs), and Others), and End User (Automotive, Locomotive, Manufacturing, Mining, Aerospace & Defense, Construction, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global force sensor industry generated $2.16 billion in 2019, and is projected to garner $3.30 billion by 2027, witnessing a CAGR of 5.30% from 2020 to 2027.
Drivers, restraints, and opportunities
Rise in safety regulations and rapid increase in adoption of advanced driver assistance systems (ADAS) drive the global force sensor market. In addition, the growing AI and IoT technology and high demand from APAC region further fuel the growth of the market. Howe