Tactile Sensor Market Estimated to Reach USD 16,083.8 Million by 2023

Increasing adoption of these tactile sensors in various end-user verticals for different applications include contact detection, shape detection, force distribution and temperature measurements is expected to drive the market. Market is estimated to reach $16,083.8M by 2023.

According to the research report “Tactile Sensor Market: By Type (Resistive, Capacitive, Mapping Array, Others); By Industry Vertical (Industrial, Automotive, Consumer electronics and others) & By Geography – Forecast (2017-2023)” Published by IndustryARC, the market to reach $16,083.8M by 2023

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According to a recent study from IndustryARC, tactile sensor market is forecast to reach $16,083.8 million by 2023 and is estimated to grow at a CAGR of 11.9% during the forecast period. The growth in tactile sensors market is primarily attributed to growing demand for touch control systems in numerous consumer electronic devices such as smartphones, tablets, game controllers, remotes and among others.

Tactile sensor market is largely dominated by the consumer electronics vertical and held a market share of 46% in 2015 and this is followed by industry vertical with a market share of 27%. The industry vertical comprises of all manufacturing industries like F&B, pharmaceuticals, packaging and others. However, automotive sector is expected to achieve the highest growth with a growing CAGR of 24.2% during the forecast period from 2017 to 2023 owing to an increase in demand for automobiles and faster production times achieved cause of technological developments. In Europe, Germany is the leading country for automotive market in terms of sales and production. As of 2015, German automobiles manufacturers produced approximately 15 million vehicles. Further, on-going research and developments for improving internal combustion engine, developing other drive technologies comprising of electric, hybrid cars, will further drive the automotive industry in Europe region which in turn will also fuel the tactile sensor market in the region.

APAC is the largest market for tactile sensor with a market share of 31% in 2015 followed closely by Americas region with 30% market share. Presence of a large number of manufacturing base in countries such as China, India, Japan, South Korea and others is the key driver in the APAC region growth. However, Americas region is forecast to be the fastest growing region with CAGR 12.7% during the forecast period from 2017 to 2023 because of increasing demands from industrial and consumer electronics industry.

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The Major Players in this Market Include

  • Tekscan, Inc. (U.S.)

  • Pressure profile systems, Inc. (U.S.)

  • Weiss Robotics GmbH and Co. KG (Germany)

  • SynTouch, Inc. (U.S.)

  • Romheld Automation Pty Ltd (Australia)

The tactile sensor manufacturers have utilized product launches, acquisitions, and collaborations to enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in the emerging markets.

The tactile sensor market study across type and industry verticals is incorporated in the Report:

  • Type

    • Resistive

    • Capacitive

    • Mapping Array

    • Others

  • Industry Verticas

    • Automotive

    • Industrial

    • Consumer Electronics

    • Others

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.

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