Malaysia Tactile Sensors Market

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Malaysia 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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Malaysia Tactile Sensors Market Overview

The Malaysia Tactile Sensors Market size was valued at USD 214.4 million in 2023 and is predicted to reach USD 379.4 million by 2030, with a CAGR of 7.5% from 2024 to 2030. In terms of volume the market size was 95 million units in 2023 and is projected to reach 209 million units in 2030, with a CAGR of 10.9% 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 Demand for Improved Gaming Experience Drives the Demand for Malaysia Tactile Sensors Market

The flourishing gaming industry in Malaysia, fueled by the country's emergence as a gaming development hub and the surge in esports events, is driving the demand for advanced gaming peripherals and technologies.

Tactile sensors are becoming increasingly essential in gaming controllers, virtual reality (VR) devices, and other gaming accessories, enabling touch-sensitive interfaces, gesture recognition, and haptic feedback. According to the Malaysian Investment Development Authority report of 2022, the Malaysian gaming industry generated approximately USD 633 million and ranked 21st globally in terms of games revenue.

Malaysia's gaming industry is following suit, spurring the need for tactile sensors to enhance the immersive gaming experience and elevate user interaction, thereby propelling the growth of the delta robots market.

The Rising Digitization in Healthcare Sector Drives the Demand for Tactile Sensors

In cycle with the digitization of healthcare data and the adoption of telemedicine in Malaysia, there is a growing requirement for tactile sensors to facilitate remote patient monitoring, detect abnormalities, and enhance healthcare consultations.

These sensors play a pivotal role in medical devices utilized for measuring vital signs such as blood pressure and heart rate, providing real-time feedback to healthcare professionals and improving patient outcomes.

With Malaysia's Parliament approving the Health White Paper in 2023, outlining significant healthcare system reforms over the next 15 years, including initiatives such as Electronic Medical Records (EMR) and Electronic Lifetime Health Records (ELHR), the demand for tactile sensors is poised to surge further.

The impending implementation of EMR and ELHR in Malaysia's healthcare sector signifies an imminent increase in demand for tactile sensors, underscoring their crucial role in enabling advanced patient monitoring and diagnostic capabilities, thus driving growth in the delta robots market.

The High Maintenance Costs Restrain Market Growth

Regular calibration and maintenance are crucial to ensure the reliability and accuracy of tactile sensors market, increasing costs for businesses. Additionally, their sensitivity to environmental factors such as temperature and humidity poses challenges in maintaining consistent performance, particularly in harsh conditions. These issues complicate sensor operation and discourage users who require low-maintenance solutions or consistent performance in different environments. Therefore, addressing these limitations is essential for wider adoption and sustained Malaysia tactile sensors market growth.

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 the coming years.

Competitive Landscape

Several key market players operating in the Malaysia 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.

Malaysia 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 214.4 Million

Revenue Forecast in 2030

USD 379.4 Million

Growth Rate (Value)

CAGR of 7.5% from 2024 to 2030

Market Volume in 2023

95 Million Units

Volume Forecast in 2030

209 Million Units

Growth Rate (Volume)

10.9%

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • The rising demand for improved gaming experience drives the demand for tactile sensors
  • The rising digitization in the healthcare sector drives the demand for tactile sensors

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

Bar chart Pie chart Pie chart

Frequently Asked Questions

According to projections from Next Move Strategy Consulting, Malaysia tactile sensors market is anticipated to reach USD 379.4 million by 2030.

The high maintenance costs restrain market growth.

As per NMSC, Malaysia tactile sensors market was valued at USD 214.4 million in 2023.

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

Malaysia is anticipated to grow at a CAGR of 7.5% till 2030, driven by increased technological advancements in tactile sensors.

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