25-Jul-2024
The digital transformation in the industries of the country drives the Indonesia tactile sensor market demand during the forecast period.
The Indonesia Tactile Sensor Market size was valued at USD 91.9 million in 2023 and is predicted to reach USD 178.4 million by 2030, with a CAGR of 9.0% from 2024 to 2030. In terms of volume the market size was 44 million units in 2023 and is projected to reach 107 million units in 2030, with a CAGR of 12.4% from 2024 to 2030, according to new research by Next Move Strategy Consulting.
As Indonesian industries embrace digitalization trends, the demand for tactile sensors is rising sharply. Tactile sensors play a crucial role in facilitating precise and responsive interactions between humans, machines, and their surroundings, enabling tasks such as quality control, material handling, and assembly.
The Indonesian government's announcement in January 2024 of the GovTech strategic plan underscores this shift towards digital transformation. This initiative aims to enhance digital infrastructure, promote e-governance, and foster innovation through collaboration with the private sector. Such efforts significantly boost the demand for tactile sensors as businesses across various sectors adopt automation and robotics to enhance efficiency and competitiveness. These sensors enable machines to "feel" and interact with their environment, making them vital components in the nation's drive towards modernization and improved operational efficiency.
However, regular calibration and maintenance are essential to ensure the reliability and accuracy of tactile sensors, which entails increased costs for businesses. Additionally, their sensitivity to environmental factors such as temperature and humidity makes it challenging to maintain consistent performance, especially in harsh conditions. These challenges complicate sensor operation and discourage users who require low-maintenance solutions or consistent performance in various environments. Therefore, addressing these limitations is crucial for wider adoption and sustained market growth.
On the contrary, quantum sensing methods integrated into sensor technology leverage the unique properties of quantum mechanics, such as superposition and entanglement, to achieve highly precise measurements. This enables sensors to detect even the smallest changes in pressure, force, or other physical attributes with unparalleled accuracy. This heightened sensitivity creates opportunities across various fields. In scientific exploration, it allows researchers to study phenomena at incredibly small scales. In precision engineering, it enhances the accuracy and efficiency of manufacturing processes and quality control. In quantum computing, it supports the development and operation of advanced computational systems. As these applications expand, the integration of quantum sensing methods into sensors is expected to drive the Indonesia tactile sensor market growth in the coming years.
Several key players operating in Indonesia tactile sensor industry include Broadcom, Shenzhen Goodix Technology Co., Ltd., Synaptics Incorporated, ALPS Electric (Cirque Corporation), STMicroelectronics N.V., FocalTech Systems Co., Ltd., Elan Microelectronics, Pressure Profile Systems, AIS Global group (Touch International Inc.), Tekscan Inc., ForceN, Contactile, Sensobright, X-Sensors, Barrett Technology and others.
The information related to key drivers, restraints, and opportunities and their impact on the Indonesia tactile sensor market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the Indonesia tactile sensor market is provided in the report along with their competitive analysis.
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