Australia Tactile Sensors Market

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Australia Tactile Sensors Market by Type (Resistive Tactile Sensors, Capacitive Tactile Sensors, Piezoelectric Tactile Sensors, Optical Tactile Sensors, and Others), by Application (Robotics, Computer Hardware, Security System, Touch Screens, Medical Devices, Handheld Devices, and Others), and by Industry Vertical (Automotive, Robotics and Automation, Aerospace and Defense, Consumer Electronics, Healthcare, and Other Industry) – Global Opportunity Analysis and Industry Forecast, 2024–2030

Industry: Semiconductor & Electronics | Publish Date: 22-Jul-2024 | No of Pages: 169 | No. of Tables: 132 | No. of Figures: 77 | Format: PDF | Report Code : N/A

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Australia Tactile Sensor Market Overview

The Australia Tactile Sensor Market size was valued at USD 101.1 million in 2023 and is predicted to reach USD 210.3 million by 2030, with a CAGR of 10.1% from 2024 to 2030. In terms of volume, the market size was 38 million units in 2023 and is projected to reach 98 million units in 2030, with a CAGR of 13.6% from 2024 to 2030.

A tactile sensor is a specialized device that detects and measures physical interactions such as touch, pressure, and force with precision and responsiveness. These sensors are crucial in various industries, including robotics and automation, healthcare, consumer electronics, automotive, and aerospace.

They use advanced technologies such as capacitive, resistive, piezoelectric, and optical sensing to provide detailed feedback on physical contact, enhancing control, safety, and functionality within complex systems.

The Rising Investment by Key Market Players Drives the Growth of the Market

The successful fundraising by key market players is accelerating the development of tactile sensor technology, crucial for advancing robotic dexterity and capabilities. Regional companies are securing substantial investments to enhance tactile sensor technology, signaling increasing industry confidence in these sensors' transformative potential to enable robots to perform delicate tasks with precision, mimicking the human sense of touch.

For instance, in May 2022, Contactile raised USD 2.5 million to accelerate the development of tactile sensor technology for robotic dexterity. This investment reflects the growing interest in adopting tactile sensors within the country, highlighting their importance in advancing automation and enhancing robotic capabilities. The influx of funding is fostering innovation and propelling the tactile sensor market forward, driving the evolution of more sophisticated and capable robotic systems.

The Increasing Adoption of Smart Home Technology Drives the Australia Tactile Sensor Market

The growing adoption of smart home technology in Australia is significantly accelerating the Australia tactile sensor market demand. These sensors are essential for enabling touch-sensitive interfaces, gesture recognition, and interactive feedback mechanisms in smart devices such as thermostats, lighting systems, and security cameras.

According to the Australia Financial Review's 2024 report, around 7.6 million Australian homes had installed at least one smart device by the end of 2023. This rising adoption of smart home gadgets is driving a sharp increase in demand for tactile sensors, as they play a fundamental role in enhancing the functionality and interactivity of such devices.

The proliferation of smart home technology underscores the importance of tactile sensors in providing seamless, intuitive interactions and improving the overall user experience, further driving the Australia tactile sensor market growth.

The High Maintenance Costs Restrain the Australia Tactile Sensor Market Expansion

Regular calibration and maintenance are essential to keep tactile sensors reliable and accurate, which raises 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 issues complicate sensor operation and deter users who need low-maintenance solutions or consistent performance in various environments. Therefore, addressing these limitations is crucial for wider adoption and sustained market growth.

The Integration of Quantum Sensing Creates Market Opportunity

Quantum sensing methods integrated into sensor technology use the unique traits of quantum mechanics, such as superposition and entanglement, for highly precise measurements. This enables 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 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 significant market growth in Australia, in the coming years.

Competitive Landscape

Several key market players operating in the Australia 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.

Australia Tactile Sensors Market Key Segments

By Type

  • Resistive Tactile Sensors

  • Capacitive Tactile Sensors

  • Piezoelectric Tactile Sensor 

  • Optical Tactile Sensors 

  • Others 

By Application

  • Robotics

  • Computer Hardware

  • Security System

  • Touch Screens

  • Medical Devices

  •  Handheld Devices 

  • Others 

By End User

  • Automotive

  • Robotics and Automation

  • Aerospace and Defense

  • Consumer Electronics

  • Healthcare

  • Other Industry

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 101.1 Million

Revenue Forecast in 2030

USD 210.3 Million

Growth Rate (Value)

CAGR of 10.1% from 2024 to 2030

Market Volume in 2023

38 Million Units

Volume Forecast in 2030

98 Million Units

Growth Rate (Volume)

13.6%

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • The rising investment by key market players drives the growth of the market

  • The rising adoption of smart home technology drives the Australia tactile sensor market

Companies Profiled

15

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

  • 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

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Frequently Asked Questions

According to projections from Next Move Strategy Consulting, the Australia tactile sensor market revenue is anticipated to reach USD 210.3 million by 2030.

According to NMSC, the China is the dominant country of this region in the market.

As per NMSC, the Australia tactile sensor market was valued at USD 101.1 million in 2023.

Broadcom, Shenzhen Goodix Technology Co., Ltd., and Synaptics Incorporated, among others are the top players operating in Australia tactile sensor market.

Australia is anticipated to exhibit a projected CAGR of 10.1% till 2030, driven by increased technological advancements in tactile sensors.

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