25-Jul-2024
The integration of industry 4.0 transformation drives in the Thailand tactile sensor market demand growth during the forecast period.
Thailand Tactile Sensor Market size was valued at USD 131.5 million in 2023 and is predicted to reach USD 285.7 million by 2030, with a CAGR of 10.8% from 2024 to 2030. In terms of volume the market size was USD 62 million units in 2023 and is projected to reach USD 168 million units in 2030, with a CAGR of 14.3% from 2024 to 2030, according to new research by Next Move Strategy Consulting.
As Thailand embraces Industry 4.0 principles, there's a growing focus on automation, smart manufacturing, and robotics across industries. Tactile sensors play a crucial role in this shift by enabling precise and responsive interactions between machines and their surroundings, facilitating tasks such as quality control, object detection, and assembly. The adoption of the Thailand 4.0 strategy, highlighted in the Wisconsin Economic Development Corporation report of 2023, is driving the use of technology-driven solutions to enhance manufacturing capabilities.
Thai factories are increasingly incorporating cutting-edge technologies such as smart devices, industrial robotics, Internet of Things solutions, remote sensors, and controllers. With Thailand leading Southeast Asian nations in installed industrial robots and ranking second in automation and robotics after South Korea, there's a positive outlook for the growth of tactile sensors in the country, positioning them as essential components in driving Thailand's Industry 4.0 evolution.
However, regular calibration and maintenance are crucial to ensuring the reliability and accuracy of tactile sensors, which can increase costs for businesses. Additionally, their sensitivity to environmental factors such as temperature and humidity presents challenges in maintaining consistent performance, especially in tough conditions. These challenges complicate sensor operation and discourage users who need low-maintenance solutions or consistent performance in different environments. Therefore, addressing these limitations is essential for broader adoption and sustained Thailand tactile sensor market growth.
On the contrary, integrating quantum sensing methods into sensor technology leverages the unique characteristics of quantum mechanics, such as superposition and entanglement, for highly precise measurements. This allows sensors to detect even the smallest changes in pressure, force, or other physical attributes with unmatched accuracy. This heightened sensitivity creates opportunities across various fields. In scientific exploration, it enables 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 significant market growth in the coming years.
Several key players operating in Thailand 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 Thailand tactile sensor market is provided in the report.
The value chain analysis in the Thailand tactile sensor market study provides a clear picture of the roles of each stakeholder.
The market share of players in the Thailand tactile sensor market is provided in the report along with their competitive analysis.
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