Tactile Sensors Market Size - By Type(Resistive Sensor, Capacitive Sensor, Force/Torque Sensitive Sensor, Thermal Sensor, Piezo Resistive Sensor, Piezoelectric Sensor, Hydraulic Sensor, Magnetic Sensor, Axial Arrays Sensor, Optical Sensor), By Sales Type(OEM And After-Market) & Region - Forecasts 2023 - 2033
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 256
- CATEGORY
- Electronics & Communication
Global Tactile Sensors Market Analysis by Type, Application, End User, Sales Type and Region and segments forecast till 2033
Market Overview
The global Tactile Sensors Market was worth USD 11,250 million in 2022 and is anticipated to amplify at a CAGR of 11.10% over 2023-2033, thereby accumulating USD 26,080 million by end of the analysis timeline.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 11,250 Million |
Market Forecast in 2033 | USD 26,080 Million |
CAGR % 2023-2033 | 11.10% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, Application, End User, Sales Type |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Airmar technology corporation, Annon Piezo Technology Co. Ltd., APC International Ltd., ATI Industrial Automation, Barrett Technology, Baumer Group, Cirque Corporation, FRABA Group, GelSight, Leuze electronic GmbH+Co. KG., Melexis, Pressure Profile Systems, Romheld, Barrett Technology, Sensor Products Inc., Synaptics Incorporated, SynTouch, Tacterion GmbH, Tekscan Inc., The Knotts Company (OptoForce), Touch International Inc., TAnnon Piezo Technology Co. Ltd., TRS Technologies Inc., Weiss Corporation, X-Sensors, and AHLBORN Mess-und Regelungstechnik GmbH |
Tactile sensors are referred to as the device used to determine the properties of an object by establishing a physical contact with its environment. Its basic technology is obtained from the biological sense of cutaneous touch that is naturally developed in humans and animals. These sensors are predominantly used in computer hardware, robotics, and security systems to identify pressure distributions. Moreover, tactile sensors are also used in touchscreen devices like smartphones and tablets.
Rising penetration of touch screen devices, increasing adoption of consumer electronics, and growing disposable income of the masses are positively swaying the overall industry outlook. Furthermore, the integration of tactile sensors in vehicles to enhance driving alerts is creating an upward trend for the market growth. Alongside, technological innovations in the field and rapid urbanization are creating lucrative opportunities for the industry to prosper. Moreover, increasing consumer cognizance regarding the benefits of these sensors is adding momentum to the market progression. On the contrary, complicated manufacturing process and rising concerns pertaining to high power utilization by tactile sensors are hindering the remuneration scope of the industry.
These sensors are empowered with a wide array of beneficial properties including high durability, greater accuracy, superior sensitivity, and easy operability. This in turn has increased the deployment of tactile sensors in sectors such as automotive, diagnostics, robotics, consumer electronics, security hardware, among others. Moreover, the rising utilization of these sensors to produce interactive interface between robotics and sensors to monitor patient health is aiding the expansion of this market sphere. There has been a steep rise in the adoption of smart devices and consumer electronics owing to the rising per capita income of the masses. Tactile sensors are predominantly used in these devices to enhance their functionality. This in turn is stimulating the overall market outlook.
Type Insights
The capacitive sensor segment is slated to capture a significant revenue share owing to their flexibility and high durability.
End User Insights
The market for the automotive & transportation application is expected to grow at the highest CAGR during the forecast period. This can be attributed to the consistent demand for high-performance electronic systems in hybrid electric vehicles and other high-end automobiles. Also, there has been an increasing adoption of haptics in-car infotainment systems and touchscreens in GPS.
Regional Insights
The major regions defining the geographical terrain of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is projected to showcase lucrative growth trends over 2022-2030. This is attributable to the booming consumer electronics industry, rising internet penetration, and technological innovations in the field.
Competitive Analysis
Airmar technology corporation, Annon Piezo Technology Co. Ltd., APC International Ltd., ATI Industrial Automation, Barrett Technology, Baumer Group, Cirque Corporation, FRABA Group, GelSight, Leuze electronic GmbH+Co. KG., Melexis, Pressure Profile Systems, Romheld, Barrett Technology, Sensor Products Inc., Synaptics Incorporated, SynTouch, Tacterion GmbH, Tekscan Inc., The Knotts Company (OptoForce), Touch International Inc., TAnnon Piezo Technology Co. Ltd., TRS Technologies Inc., Weiss Corporation, X-Sensors, and AHLBORN Mess-und Regelungstechnik GmbH.
Global Tactile Sensors Market- Segmental Analysis
By Type:
• Resistive Sensor
• Capacitive Sensor
• Force/Torque Sensitive Sensor
• Thermal Sensor
• Piezo Resistive Sensor
• Piezoelectric Sensor
• Hydraulic Sensor
• Magnetic Sensor
• Axial Arrays Sensor Optical Sensor
• Others
By Applications:
• Safe Collision Detection
• Sensitive Gripping
• User Interfaces
• Pressure-sensitive Flooring
• Others
By End User:
• Robotics
• Automotive
• Industrial Machinery
• Consumer Electronics
• Aerospace & Marine
• Oil & Gas
• Medical & Healthcare
• Retail
• Others
By Sales Type:
• OEM
• After-market
Why to buy this Report?
The report provides quantitative and qualitative aspect for Tactile Sensors Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Tactile Sensors Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification
1. Global Tactile Sensors Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Tactile Sensors Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million)
1.4. Global Tactile Sensors Market Scope and Market Estimation
1.4.1. Global Tactile Sensors Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Tactile Sensors Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Tactile Sensors Market Segmentation
1.5.1. Type of Global Tactile Sensors Market
1.5.2. Applications of Global Tactile Sensors Market
1.5.3. End-user of Global Tactile Sensors Market
1.5.4. Sales Type of Global Tactile Sensors Market
1.5.5. Key Regions of Global Tactile Sensors Market
2. Global Tactile Sensors Market - Executive Summary
2.1. Global Tactile Sensors Market – Summary & Snapshot
2.2. Global Tactile Sensors Market, By Type (US$ Million)
2.3. Global Tactile Sensors Market, By Application (US$ Million)
2.4. Global Tactile Sensors Market, By End-user (US$ Million)
2.5. Global Tactile Sensors Market, By Sales Type (US$ Million)
2.6. Global Tactile Sensors Market, By Geography (US$ Million)
2.7. Global Tactile Sensors Market Outlook & Future Opportunities
3. Tactile Sensors Market Trends, Outlook, and Factors Analysis
3.1. Global Tactile Sensors Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Tactile Sensors Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Tactile Sensors Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Growing interest in safety problems where tactile sense is impressive with their capabilities.
3.2.1.2. Growing demand for consumer electronics applications such as Smart TV, laptops, tablets, etc.
3.2.1.3. Driver 3
3.2.1.4. Driver 4
3.2.1.5. Driver 5
3.2.2. Restraints
3.2.2.1. High cost of installation and maintenance of tactile sensors.
3.2.2.2. Restrain 2
3.2.2.3. Restrain 3
3.2.3. Opportunities
3.2.3.1. The advancement of cutting-edge technology such as robots and machine learning
3.2.3.2. Demand for high accuracy & sensitivity sensors in different sectors such as healthcare, retail, automotive, BFSI.
3.2.3.3. Opportunity 3
3.2.3.4. Opportunity 4
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Tactile Sensors Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Tactile Sensors Market
3.9.1. By Type
3.9.2. By Applications
3.9.3. By End-user
3.9.4. By Sales Type
3.9.5. By Regions
4. Global Tactile Sensors Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Tactile Sensors Market, 2020 – 2021 (US$ Million)
4.2. Global Tactile Sensors Market, By Type (US$ Million)
4.3. Global Tactile Sensors Market, By Application (US$ Million)
4.4. Global Tactile Sensors Market, By End-user (US$ Million)
4.5. Global Tactile Sensors Market, By Sales Type (US$ Million)
4.6. Global Tactile Sensors Market, By Region, 2020 to 2021 (US$ Million)
5. Global Tactile Sensors Market Estimates & Forecast Trend Analysis, by Type
5.1. Global Tactile Sensors Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033
5.2. Global Tactile Sensors Market Revenue (US$ Million) Estimates and Forecasts, by Type, 2022 to 2033
5.2.1. Resistive Sensor,
5.2.2. Capacitive Sensor
5.2.3. Force/Torque Sensitive Sensor
5.2.4. Thermal Sensor
5.2.5. Piezo resistive Sensor
5.2.6. Piezoelectric Sensor
5.2.7. Hydraulic Sensor
5.2.8. Magnetic Sensor
5.2.9. Axial Arrays Sensor
5.2.10. Optical Sensor
5.2.11. Others
6. Global Tactile Sensors Market Estimates & Forecast Trend Analysis, by Applications
6.1. Global Tactile Sensors Market Share (%) Estimates and Forecasts, by Applications, 2022 & 2033
6.2. Global Tactile Sensors Market Revenue (US$ Million) Estimates and Forecasts, by Applications, 2022 to 2033
6.2.1. Safe Collision Detection
6.2.2. Sensitive Gripping
6.2.3. User Interfaces
6.2.4. Pressure-sensitive Flooring
6.2.5. Others
7. Global Tactile Sensors Market Estimates & Forecast Trend Analysis, by End-user
7.1. Global Tactile Sensors Market Share (%) Estimates and Forecasts, by End-user, 2022 & 2033
7.2. Global Tactile Sensors Market Revenue (US$ Million) Estimates and Forecasts, by End-user, 2022 to 2033
7.2.1. Robotics
7.2.2. Automotive
7.2.3. Industrial Machinery
7.2.4. Consumer Electronics
7.2.5. Aerospace & Marine
7.2.6. Oil & Gas
7.2.7. Medical & Healthcare
7.2.8. Retail
7.2.9. Others
8. Global Tactile Sensors Market Estimates & Forecast Trend Analysis, by Sales Type
8.1. Global Tactile Sensors Market Share (%) Estimates and Forecasts, by Sales Type, 2022 & 2033
8.2. Global Tactile Sensors Market Revenue (US$ Million) Estimates and Forecasts, by Sales Type, 2022 to 2033
8.2.1. OEM
8.2.2. After-market
9. Global Tactile Sensors Market Analysis and Forecast, by Region
9.1. Global Tactile Sensors Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
9.2. Global Tactile Sensors Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East and Africa
9.2.5. Latin America
10. North America Tactile Sensors Market: Estimates & Forecast Trend Analysis
10.1. North America Tactile Sensors Market Assessments & Key Findings
10.2. North America Tactile Sensors Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. North America Tactile Sensors Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.3.1. By Type
10.3.2. By Applications
10.3.3. By End-user
10.3.4. By Sales Type
10.3.5. By Major Country
10.3.5.1. The U.S.
10.3.5.2. Canada
11. Europe Tactile Sensors Market: Estimates & Forecast Trend Analysis
11.1. Europe Tactile Sensors Market Assessments & Key Findings
11.2. Europe Tactile Sensors Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Europe Tactile Sensors Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
11.3.1. By Type
11.3.2. By Applications
11.3.3. By End-user
11.3.4. By Sales Type
11.3.5. By Major Country
11.3.5.1. Germany
11.3.5.2. The U.K.
11.3.5.3. France
11.3.5.4. Italy
11.3.5.5. Spain
11.3.5.6. Rest of Europe (includes all other European countries)
12. Asia Pacific Tactile Sensors Market: Estimates & Forecast Trend Analysis
12.1. Asia Pacific Tactile Sensors Market Assessments & Key Findings
12.2. Asia Pacific Tactile Sensors Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Asia Pacific Tactile Sensors Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Type
12.3.2. By Applications
12.3.3. By End-user
12.3.4. By Sales Type
12.3.5. By Major Country
12.3.5.1. China
12.3.5.2. Japan
12.3.5.3. India
12.3.5.4. ASEAN
12.3.5.5. South Korea
12.3.5.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
13. Middle East & Africa Tactile Sensors Market: Estimates & Forecast Trend Analysis
13.1. Middle East & Africa Tactile Sensors Market Assessments & Key Findings
13.2. Middle East & Africa Tactile Sensors Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Middle East & Africa Tactile Sensors Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Type
13.3.2. By Applications
13.3.3. By End-user
13.3.4. By Sales Type
13.3.5. By Major Country
13.3.5.1. GCC
13.3.5.2. South Africa
13.3.5.3. Egypt
13.3.5.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
14. Latin America Tactile Sensors Market: Estimates & Forecast Trend Analysis
14.1. Latin America Market Assessments & Key Findings
14.2. Latin America Tactile Sensors Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Latin America Tactile Sensors Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
14.3.1. By Type
14.3.2. By Applications
14.3.3. By End-user
14.3.4. By Sales Type
14.3.5. By Major Country
14.3.5.1. Brazil
14.3.5.2. Mexico
14.3.5.3. Rest of Latin America (includes all other Latin America countries)
15. Competitive Landscape
15.1. Tactile Sensors Market Revenue Share Analysis (%), by Major Players (2021)
15.2. Tactile Sensors Market Competition Matrix, by Leading Players
15.3. Tactile Sensors List of Emerging, Prominent and Leading Players
15.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
16. Company Profiles
16.1. AHLBORN Mess- und Regelungstechnik GmbH
16.1.1. Company Overview & Insights
16.1.2. Financial Performance
16.1.3. Product / Service Portfolio
16.1.4. Geographical Footprint & Share
16.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
16.2. Airmar technology corporation
16.3. Annon Piezo Technology Co. Ltd
16.4. APC International Ltd.
16.5. ATI Industrial Automation
16.6. Barrett Technology
16.7. Baumer Group
16.8. Cirque Corporation
16.9. FRABA Group
16.10. GelSight
16.11. Leuze electronic GmbH+Co. KG
16.12. Melexis
16.13. Pressure Profile Systems
16.14. Romheld,
16.15. Romheld, Barrett Technology
16.16. Sensor Products Inc.
16.17. Synaptics Incorporated
16.18. SynTouch
16.19. Tacterion GmbH
16.20. Tekscan Inc.
16.21. The Knotts Company (OptoForce)
16.22. Touch International Inc.
16.23. TAnnon Piezo Technology Co.Ltd
16.24. TRS Technologies Inc.
16.25. Weiss Corporation
16.26. X-Sensors
16.27. Others
17. Assumptions and Research Methodology
17.1. Data Mining
17.2. Secondary Research
17.3. Primary Research
17.4. Subject Matter Expert Advice
17.5. Quality Check
17.6. Final Review
17.7. Data Triangulation
17.8. Bottom-Up Approach
17.9. Top Down Approach
17.10. Research Flow
17.11. Key Insights from Industry Experts
17.12. Data Sources
17.13. Assumptions
17.14. Limitations
18. Conclusions and Recommendations
18.1. Key Research Findings and Conclusion
18.2. Key Insights & Recommendations from Analysts
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
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Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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