A rise in disposable income, growth in urbanization, corporate houses and hypermarkets, technological advancement, developments of smart devices are some of the factors to boost the growth of the Tactile Sensor Market.
Jersey City, N.J., Feb. 16, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Tactile Sensor Market" By Type (Capacitive Tactile Sensor, Resistive Tactile Sensor, Piezoelectric Tactile Sensor), By End-User (Automotive, BFSI, Consumer Electronics, Healthcare), and By Geography. According to Verified Market Research, the Global Tactile Sensor Market size was valued at USD 11.25 Billion in 2020 and is projected to reach USD 26.08 Billion by 2028, growing at a CAGR of 11.10% from 2021 to 2028.
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Browse in-depth TOC on "Tactile Sensor Market"
202 - Pages
126 - Tables
37 - Figures
Global Tactile Sensor Market Overview
The rise in disposable income acts as a primary growth driver in the Global Tactile Sensor Market. Tactile sensors are developed and originated with an interactive interface, also called artificial skin, to magnify its capability to detect impetus arising from mechanical stimulation, temperature, and pain. These sensors are invented in a way that they are intelligent enough to quantify the external and internal state of the systems and are sensitive to static and dynamic touches. These sensors are majorly used in robotics, computer hardware, and security systems.
Complicated mass development, high-cost creative work, and concerns with respect to high power utilization are elements that could hamper the selection of tactile sensors and control the development of the global market up to a point. Automobiles, tactical sensors are amalgamated for acquiring useful information such as enhanced driving alerts and informative notifications using adoptive haptic feedback technology. This is another major factor expected to boost market growth to the next extent level.
Rising demand for these sensors in modern appliances and electronic gadgets and the development of modern technologies such as robotics and machine learning are elements expected to boost the growth of the global market. Tactile sensors are being used in several approaches in everyday life as these are used to test the performances of various electronic devices and appliances. Tactile sensor textiles are used as artificial skin to create an interactive interface between sensors and robotics that are used for monitoring health, as well as acquiring medicine and sports-related information. More adoption of such robotics in the coming years is expected to boost demand for tactile sensors, thereby driving the growth of the global market
Key Developments
- In January 2022, Synaptics Incorporated announced that its Katana platform drives AI-enhanced voice processing.
- In December 2021, Synaptics Incorporated announced that it has completed the acquisition of DSP Group, a leading global provider of voice processing and wireless chipset solutions, for an aggregate purchase price of approximately USD 549 million.
Key Players
The major players in the market are SynTouch, Sensor Products Inc., Romheld, Barrett Technology, Cirque Corporation, Tekscan Inc., X-Sensors, Annon Piezo Technology, Weiss Robotics, Tacterion GmbH, Synaptics Incorporated, Airmar Technology Corporation, TRS Technologies Inc., Touch International Inc., among others.
Verified Market Research has segmented the Global Tactile Sensor Market On the basis of Type, End-User, and Geography.
- Tactile Sensor Market, By Type
- Capacitive Tactile Sensor
- Resistive Tactile Sensor
- Piezoelectric Tactile Sensor
- Piezoresistive Tactile Sensor
- Inductive Tactile Sensor
- Optoelectrical Tactile Sensor
- Others
- Tactile Sensor Market, By End-User
- Automotive
- BFSI
- Consumer Electronics
- Healthcare
- Retail
- Others
- Tactile Sensor Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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