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Market Summary

The Tactile Sensor Market is forecasted to grow at a CAGR of 15.25 % from USD 7.32 Billion in 2019 to USD 18.97 Billion in 2027. Tactile sensors are devices that estimate information that stems from the devices’ physical interaction with the environment. The tactile sensors are predominantly modeled according to the cutaneous touch to enhance its capability to detect stimuli arising from mechanical stimulation, pain, and temperature. The sensors designed in this way are intelligent enough to measure the internal and external state of the systems and are sensitive to dynamic and static touches. These sensors most commonly find their use in robotics, computer hardware, and security systems.

The market for tactile sensors is on a rapid growth path as the demand for these sensors in advanced electronic gadgets and appliances is on an exponential rise. A significant development in machine learning and rising allure of robotics is generating a steadily rising growth curve of the industry. Tactile sensors have innumerable applications in everyday life and are also used to test the performances of various applications. The sensors find their application in heavy machinery as the adoptive haptic feedback from these types of machinery is crucial for the next-gen notification and alert system. They are also incorporated into assistive systems, machines, and robots in the medical field, manufacturing, and household sectors.

Product Type Outlook:

Based on the types of sensors, the tactile sensor market on a global scale is divided into resistive, capacitive, piezoresistive, piezoelectric, and other sensors. Between these types, the capacitive tactile sensor held the biggest share in the industry in 2018 and is likely to dominate in the coming years. This growth can be credited to a soaring utilization of these sensors in various sectors such as automotive, industry machinery, retail, insurance, and a rising preference for highly sensitive and accurate sensors is further expected to propel the industry to lean towards the growth curve. Additionally, the axial arrays sensor is anticipated to observe a growth trajectory in the forecast period.

Application Outlook:

Based on the application, the market is categorized into aerospace, robotics, consumer electronics, automotive, healthcare, among others. Out of this, the consumer electronics application segment is expected to command the industry. Additionally, the robotics segment is also expected to grow exponentially due to a rise in the allure of the robotic industry and a rapid expansion in the robot-assisted industrial technologies. Rapidly advancing technology such as augmented reality, machine learning, and other groundbreaking technologies are estimated to bolster the expansion of the industry. The application of tactile sensors in critical medical procedures acts as a key market driver for the industry.

End-Use Outlook:

The aftermarket segment is presumed to grow at a remarkable rate of about 18% throughout the forecast period. This can be attributed to soaring demand in the aftermarket service in the secondary market by third party manufacturers and distributors.

Regional Outlook:

The North American area is the leading region of the global tactile sensor market and is presumed to continue to command in the forecast years followed closely by Europe. The Asia Pacific region is likely to achieve outstanding growth over the estimated timeline owing to the rapid surge in demand for consumer electronics, soaring income, and expansion of the appliance manufacturing segment. This projected growth of APAC stems from the shifting of the larger manufacturing facilities from leading regions of North America and Europe to developing countries like India, China, and Taiwan, as the cost for operations is low and the government policies are less rigid. India, Japan, and China are the emerging markets, while major players of the industry are located in the U.S. and Germany.

Market-O-Nomics

The major segment fueling market growth is the escalating demand for consumer electronics and advanced robotic technology..

The robotic segment is speculated to have a CAGR of 16.8% in the forecast timeline, and the axial array sub-segment is estimated to grow at a rate of 16.5% during the forecast period.

North America is presumed to lead the industry in the coming years with stiff competition from Asia Pacific.

The aftermarket segment is predicted to achieve a CAGR of 18% in the forecast timeframe owing to a rise in the aftermarket servicing aspect.

Companies considered and profiled in this market study

Leading companies profiled in the report are Synaptics Incorporated, Weiss Robotics GmbH, Pressure Profile Systems, Barrett Technology, Airmir Technology Corporation, Annon piezo Technology Co. Ltd., and Cirque Corporation, amongst others.

The industry has witnessed numerous advancements, developments, and innovations in recent years that have contributed to the expansion of the industry and has generated a stringent competitive atmosphere in the market.

Researchers from a university in China developed a tactile sensor array intending to assist the futuristic robotic technology to mimic the sensory capability of humans through tactile sensor array. The array was composed of a 500µm-thickness with a turboelectric effect and the incorporation of a micro-structured dielectric PDMS layer between two liquid metal electrode arrays.

Startup Traction

The industry has created lucrative growth and business opportunities over recent years. This has also paved the way for various startups that are actively committed to the development and innovation of the products offered in the market.

Deals Landscape

Mergers, acquisitions, collaborations, joint ventures, product launches, brand promotions, government deals, agreements, partnerships, and corporate deals have formed an integral part of the tactile sensors industry. Along with the established companies, new market players are emerging in the industry.

Segments Covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2017 to 2027. The scope of the report can be defined as:

For the purpose of this report, Reports and Data have segmented the global Tactile Sensor Market on the basis of Product, Material Type end-use, and region:

Product Type Outlook (Revenue, USD Million; 2017-2027)

Resistive

Piezoresistive

Axial Array

Capacitive

Piezoelectric

Others

Application Type Outlook (Revenue, USD Million; 2017-2027)

Robotics

Consumer Electronics

Healthcare

Industrial machinery

Others

End-Use Outlook (Volume, Thousand Units; and Revenue, USD Million; 2017 2027)

OEM

Aftermarket

Regional Outlook (Revenue, USD Million; 2017-2027)

North America U.S Canada

Europe UK France

Asia Pacific China India Japan

MEA

Latin America Brazil

