South Korea Tactile Sensors Market

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South Korea 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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South Korea Tactile Sensors Market Overview

The South Korea Tactile Sensors Market size was valued at USD 309.6 million in 2023 and is predicted to reach USD 811.5 million by 2030, with a CAGR of 13.8% from 2024 to 2030. In terms of volume the market size was 141 million units in 2023 and is projected to reach 462 million units in 2030, with a CAGR of 17.4% 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.

Robotics as a Key Economic Driver Increases the Demand for South Korea Tactile Sensors Market

South Korea's strong focus on robotics as a key driver of economic growth and competitiveness, the demand for tactile sensors market is set to escalate as the country embraces automation across industries such as automotive manufacturing, electronics assembly, and logistics. Tactile sensors enable robots to perform tasks with greater precision, flexibility, and safety.

According to the International Federation of Robotics 2024 report, South Korea is the world's leading adopter of industrial robots, with 1,012 robots per 10,000 employees installed in 2022. This growing adoption of industrial robots is significantly accelerating the demand for tactile sensors, which are critical in enhancing the capabilities and efficiency of robotic systems. As industries continue to automate, the reliance on tactile sensors to provide real-time feedback and precise control is becoming increasingly essential.

The Flourishing Gaming Industry Drives the South Korea Tactile Sensor Market Growth in the Country

South Korea's position as a global gaming powerhouse, coupled with a vibrant esports culture and a tech-savvy population, is driving a rapid escalation in the demand for tactile sensors in gaming peripherals. Tactile sensors play a pivotal role in enhancing user interaction through responsive touch feedback and precise motion tracking in gaming peripherals such as controllers, keyboards, and virtual reality (VR) devices.

According to the International Trade Administration's 2023 report, South Korea is one of the top four largest gaming markets worldwide, with more than 74% of Koreans aged 10-65 regularly playing games. The Korean gaming industry was estimated to be worth USD 17.6 billion in 2022.

This exponential growth in the gaming industry is accelerating the demand for tactile sensors, driven by the need to deliver immersive gaming experiences and innovative peripherals. The increasing sophistication of gaming hardware underscores the critical role of tactile sensors in providing high-quality, interactive user experiences.

The High Maintenance Costs Restrain the South Korea Tactile Sensors Market Growth

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 South Korea tactile sensors market growth.

Integration of Quantum Sensing Creates the South Korea Tactile Sensors 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 South Korea 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.

South Korea 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 309.6 Million

Revenue Forecast in 2030

USD 811.5 Million

Growth Rate (Value)

CAGR of 13.8% from 2024 to 2030

Market Volume in 2023

141 Million Units

Volume Forecast in 2030

462 Million Units

Growth Rate (Volume)

17.4%

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Robotics as a key economic driver increases the demand for South Korea tactile sensors market

  • The flourishing gaming industry increases South Korea 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, South Korea tactile sensors market is anticipated to reach USD 811.5 million by 2030.

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

As per NMSC, South Korea tactile sensors market was valued at USD 309.6 million in 2023.

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

South Korea is anticipated to grow at a CAGR of 13.8% till 2030, driven by increased technological advancements in tactile sensors.

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