Singapore Tactile Sensors Market

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Singapore 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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Singapore Tactile Sensors Market Overview

The Singapore Tactile Sensors Market size was valued at USD 297.1 million in 2023 and is predicted to reach USD 731.2 million by 2030, with a CAGR of 12.8% from 2024 to 2030. In terms of volume the market size was 153 million units in 2023 and is projected to reach 469 million units in 2030, with a CAGR of 16.3% 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 Advancements in Manufacturing and Industry 4.0 Technologies Drive the Singapore Tactile Sensors Market

The advancement of manufacturing capabilities and the adoption of Industry 4.0 technologies in Singapore are key drivers for the delta robots market. These advancements are pivotal in enhancing quality control, enabling automation, and optimizing production processes by providing real-time feedback on factors such as pressure, force, and touch through tactile sensors.

According to the Singapore Economic Development Board's 2024 report, Singapore is the 5th largest global exporter of high-tech goods and is among the top 10 exporters of machinery and equipment in the world. Leading firms across industrial sectors, including Micron, Infineon, and HP, have established next-generation manufacturing facilities in the country, underscoring Singapore's robust presence in advanced manufacturing. This substantial demand for tactile sensors, essential components in precision engineering and automation processes, drives the market for delta robots.

The Government Investments and Initiatives in Robotics Drive the Singapore Tactile Sensors Market

The Singapore government's prioritization of technological advancements and automation-driven solutions significantly propels the demand for delta robots. These robots, equipped with tactile sensors, interact with their environment with precision and accuracy, enhancing quality control and material handling.

Various government initiatives, such as the March 2024 announcement to invest USD 44.55 million in the National Robotics Programme (NRP), aim to develop robots and encourage adoption in manufacturing, logistics, and healthcare sectors. This growing government investment in robotics and automation drives the demand for tactile sensors, integral components in advancing automated systems' capabilities, thereby boosting the delta robots market in Singapore.

The High Maintenance Costs Restrain the Singapore Tactile Sensors Market Growth

Regular calibration and maintenance are essential to keep tactile sensors market 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 Singapore 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 Singapore 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.

Singapore 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 297.1 Million

Revenue Forecast in 2030

USD 731.2 Million

Growth Rate (Value)

CAGR of 12.8% from 2024 to 2030

Market Volume in 2023

153 Million Units

Volume Forecast in 2030

469 Million Units

Growth Rate (Volume)

16.3%

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • The advancements in manufacturing and industry 4.0 technologies drive the Singapore tactile sensor market

  • The government investments and initiatives in robotics drive the Singapore 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, Singapore tactile sensors market is anticipated to reach USD 731.2 million by 2030.

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

As per NMSC, Singapore tactile sensors market was valued at USD 297.1 million in 2023.

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

Singapore is anticipated to grow at a CAGR of 12.8% till 2030, driven by increased technological advancements in tactile sensors.

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