UK Tactile Sensor Market is Expected to Reach USD 175 Million by 2030

22-Jul-2024

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The rising initiatives by key market players drives the tactile sensors market growth during the forecast period.

The UK Tactile Sensors Market size was valued at USD 101.8 million in 2023 and is predicted to reach USD 175 million by 2030, with a CAGR of 7.1% from 2024 to 2030. In terms of volume the market size was 31 million units in 2023 and is projected to reach 71 million units in 2030, with a CAGR of 11.4% from 2024 to 2030, according to the new research by Next Move Strategy Consulting.

The introduction of biometric cards in the UK by key players such as IDEX Biometrics and Accomplish Financial is driving growth in the tactile sensor market by increasing demand for advanced touch-sensitive technologies. Biometric cards use tactile sensors to enable secure and intuitive user authentication through touch-based interactions, such as fingerprint scanning.

As these cards become more popular across various sectors such as banking, identification, and access control, the need for these sensors rises to ensure reliable and accurate biometric authentication, hence driving the UK tactile sensor market expansion.

For instance, in March 2024, IDEX Biometrics, in collaboration with Accomplish Financial, launched a biometric payment program targeting visually and memory-impaired individuals in the UK. This initiative aims to offer an accessible payment solution for people with special needs, including the visually impaired and elderly populations.

However, regular calibration and maintenance are crucial for touch sensors to uphold their reliability and precision, which in turn increases costs for businesses. They are sensitive to factors such as temperature and humidity, making it challenging to maintain consistent performance, especially in tough conditions.

This poses a challenge for users who need low-maintenance solutions or consistent performance in different environments. Addressing these issues is essential for broader adoption and sustained growth in the UK tactile sensor market.

On the contrary, quantum sensing methods are integrated into sensor technology, utilizing the unique characteristics of quantum mechanics such as superposition and entanglement for highly accurate measurements. This enables sensors to detect even the smallest changes in pressure, force, or other physical factors with unparalleled precision.

This heightened sensitivity creates opportunities across various fields. In scientific research, it allows exploration at extremely small scales. In precision engineering, pressure sensors enhance manufacturing accuracy and efficiency. 

And in quantum computing, it facilitates the development and operation of advanced computational systems. As the usage of these methods expands, the adoption of quantum sensing methods in sensors is expected to significantly boost the UK tactile sensor market demand in the coming years.

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

Several market players operating in the UK 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 UK Tactile Sensor Market Report:

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

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

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

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