South Korea Tactile Sensors Market is Expected to Reach USD 811.5 Million by 2030

25-Jul-2024

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The flourishing gaming industry drives the South Korea tactile sensor market demand growth during the forecast period.

South Korea Tactile Sensor Market size was valued at USD 309.6 million in 2023 and is predicted to reach USD 811.5 million by 2030, with a CAGR of 13.8% from 2024 to 2030. In terms of volume the market size was 141 million units in 2023 and is projected to reach 462 million units in 2030, with a CAGR of 17.4% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

South Korea's strong emphasis on robotics is increasing the need for tactile sensors as automation becomes more widespread in different industries. The International Federation of Robotics 2024 report shows that the country is a leader in using industrial robots, highlighting the vital role tactile sensors play in improving robot performance and efficiency. As South Korea leads in adopting industrial robots, the demand for tactile sensors is expected to rise even more due to their importance in enabling accurate and safe robot operations.

However, challenges such as regular calibration, maintenance, and sensitivity to environmental factors such as temperature and humidity can hinder wider sensor adoption. These issues not only increase costs for businesses but also make sensor operation more complex, especially in tough conditions. Overcoming these challenges is essential to ensure that tactile sensors continue to grow and be adopted in South Korea's automation sector.

On the contrary, integrating quantum sensing methods into sensor technology has great potential for improving measurement precision and accuracy. By using unique features of quantum mechanics such as superposition and entanglement, sensors can detect even the smallest changes in physical properties with unmatched accuracy. This heightened sensitivity opens up opportunities in various fields such as scientific research, precision engineering, and quantum computing. As these applications expand, incorporating quantum sensing methods into sensors is expected to significantly boost South Korea tactile sensor market growth, increasing the demand for tactile sensors and worldwide.

Request for a sample here: https://www.nextmsc.com/south-korea-tactile-sensors-market/request-sample

Several key players operating in South Korea 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.

Key Insights from the South Korea Tactile Sensor Market Report:

  • The information related to key drivers, restraints, and opportunities and their impact on the South Korea tactile sensor market is provided in the report.

  • The value chain analysis in the South Korea tactile sensor market study provides a clear picture of the roles of each stakeholder.

  • The market share of players in the South Korea tactile sensor market is provided in the report along with their competitive analysis.

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