The market for Tactile Sensors Market is expected to reach XX Bn in 2026.
The global tactile sensors market is expected to expand at a CAGR of 9.2% during the forecast period from 2018 to 2026. An increase in the uptake of tactile sensing technologies across different industry verticals can be observed over the last few years, which can be indicated by the total number of patents filed and research papers published. For instance, since 2014, the number of related products patented with the US Patent Office has increased by almost a factor of 10, and research activities have doubled. The surge in the adoption of tactile sensing technologies can be largely credited to advances in the development of new special structural engineering methods and materials in combination with existing physical principles. In addition, the introduction of state-of-the-art flexible tactile sensors that use distinct sensing structures along with capacitive or piezoresistive schemes for achieving higher pressure sensitivity is expected to drive market adoption during the forecast period from 2018 to 2026.
Asia Pacific represents the largest tactile sensor market worldwide in terms of both market value and volume. The region accounted for over 34% of the total market value in 2017 and will continue to dominate, offering healthy investment and growth opportunities for all participants involved in the tactile sensor value chain during the forecast period. The dominance and forecasted growth can be largely credited to the huge industrial sector coupled with the increasing adoption of automation and robotics across the sector. The growth will also be driven by the proliferation of the consumer electronics industry in the region. On the other hand, sluggish growth in the industrial sector of developed regions like North America and Europe will be offset by strong and steady growth in the healthcare sector.
Some of the leading tactile sensor manufacturers profiled in the research study include Annon Piezo Technology, Tekscan, Inc., Pressure Profile Systems, Inc. APC International Ltd., Airmar Technology Corporation, TRS Technologies, Inc., Weiss Robotics, Cirque Corporation, Tacterion GmbH, Synaptics Incorporated, Touch International Inc., Ltd., Airmar Technology Corporation, TRS Technologies, Inc., Weiss Robotics, Cirque Corporation, Tacterion GmbH, Synaptics Incorporated, Touch International Inc., X-sensors, and Barrett Technology, among others.
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.
Key segments covered in the report are as follows:
The market for Tactile Sensors Market is expected to reach XX Bn in 2026.
The Tactile Sensors Market is expected to see significant CAGR growth over the coming years, at 9.2%
The report is forecasted to 2018-2026.
The base year of this report is 2017.
Annon Piezo Technology,Tekscan Inc.,APC International Ltd.,Airmar Technology Corporation,TRS Technologies, Inc. are some of the major players in the global market.