New York, NY -- (SBWIRE) -- 03/18/2021 -- The global tactile sensor market is forecast to reach USD 18.97 Billion by 2027, according to a new report by Reports and Data. The tactile sensor work as the adoptive sensing technology, which accumulates and provides feedback in response of the physical interaction. These sensors basically work as the cutaneous sense and the kinesthetic sense in the human body. The advanced adaptive tactile sensing technology can be sensitive to both the dynamic and static forces and is capable of measuring the internal and external state of systems. The rising requirement of the robotics technology in different sectors and an increase in the practice of machine learning and its research and development are helping in the market growth highly. Capacitive & axial array sensors will likely be in high demand during the forecast period.

Key participants include Synaptics Incorporated, Tekscan Inc., Tacterion GmbH, Weiss Robotics GmbH, Pressure Profile Systems, Barrett Technology, Touch International Inc., Cirque Corporation, Annon Piezo Technology, and Romheld.

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APAC is forecasted to achieve the fastest growth of about 18.9% in the period 2019 – 2026, due to its extensive growth in the consumer electronics products market coupled with the massive demand for this sensor in the electronic gadgets and appliances manufacturing industries. China, Japan, and India are some of the fastest-growing markets due to the immense growth in the consumer base.

For the purpose of this report, Reports and Data have segmented the global tactile sensor market on the basis of the type, technology, sales type, end-use verticals, and region:

Type Outlook (Revenue: USD Billion; 2016-2026)

Conductive Rubber
Carbon Sponge
Pneumatic Reset
Micro Switch
Carbon Fiber
Others

Technology Outlook (Revenue: USD Billion; 2016-2026)

Resistive
Capacitive
Force/Torque Sensitive
Thermal
Piezoresistive
Piezoelectric
Hydraulic
Magnetic
Axial Arrays

Sales Type Outlook (Revenue: USD Billion; 2016-2026)

OEM
Aftermarket

End-Use Verticals Outlook (Revenue: USD Billion; 2016-2026)

Robotics
Automotive
Aerospace & Marine
Consumer Electronics
Healthcare Equipment
Industrial Machinery
Media & Entertainment
Others

Regional Outlook (Revenue: USD Billion; 2016-2026)

North America
Europe
Asia Pacific
MEA
Latin America

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Further key findings from the report suggest

The tactile mechanism in the machineries reacts instantly and having no latencies to mechanical force-feedback interfaces. These sensors provide directional vibration and the adoptive sensing feedbacks. The heavy-duty industrial machines perform very smooth and make the operation safe. The industrial machinery segment had a market share of 13.4% in 2018 and will likely be growing at a CAGR of 13.2% in the forecast period.

The automotive industry is one of the largest contributors to this market. Incorporating tactile sensors in various alerting systems are highly useful for the drivers. The market revenue for this segment in 2026 is estimated to be approximately USD 2.61 Billion, having grown with a rate of 15.4% during the period 2019 – 2026.

Using conductive rubber material helps in measuring the pressure from the external interactions. The market share is estimated to be about 8.4% by 2026 for this segment, growing at a CAGR of 13.1% during the forecast period.

APAC is forecasted to achieve the fastest growth of about 18.9% throughout the forecast period, owing to its extensive growth in the consumer electronics products coupled with global shift of the manufacturing units in the Asia Pacific counties such as China, India, and Taiwan from the North America and European regions.

Europe would reach a market share of 27.7% by 2026 and would grow at a CAGR of 14.1% in the forecast period. Germany has the highest number of valuable manufacturers in this region, while U.K. and France are the fastest-growing markets.

North America is leading the global market, with 39.4% of market possession in 2018 and would continue dominating with a CAGR of 15.8% during the forecast period. U.S. possesses the highest market share in the global market.

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Table of Content:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics
Chapter 4. Tactile Sensor Market Segmentation & Impact Analysis
4.1. Tactile Sensor Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Substantial growth of the consumer electronics market

……

Chapter 10. Competitive Landscape
10.1. Market Revenue Share By Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
10.4. Market positioning
10.5. Strategy Benchmarking
10.6. Vendor Landscape

Chapter 11. Company Profiles
11.1. Synaptics Incorporated
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Technology Insights
11.1.4. Strategic Initiatives
11.2. Tekscan Inc.
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Technology Insights
11.2.4. Strategic Initiatives
11.3. Tacterion GmbH
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Technology Insights
11.3.4. Strategic Initiatives
11.4. Weiss Robotics GmbH
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Technology Insights
11.4.4. Strategic Initiatives
11.5. Pressure Profile Systems
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Technology Insights
11.5.4. Strategic Initiatives
11.6. Barrett Technology
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Technology Insights
11.6.4. Strategic Initiatives

Continued…

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