Tactile Sensors Market is anticipated to hit $16.08 billion by 2023 at a CAGR of 11.9%

According to the new market research report by IndustryARC titled “Tactile Sensors Market :By Type (Resistive, Capacitive, Mapping Array, Others); By Application (Industrial, Automotive, Consumer Electronics and Others) & By Region-Fore & Geography - (2018-2023)”, the market is driven by the increasing emphasis on touch controls in consumer electronics.

Browse 49 Market Tables, 176 Figures spread through 146 slides and an in-depth TOC on “Tactile Sensors Market (2018 - 2023)”

Americas held the largest market share and growth rate in the Tactile Sensors Market
 
Americas region holds the largest market share and growth in the Tactile Sensors Market and is anticipated to reach $5.2 billion by 2023 at a CAGR of 12.7%. The high investments, extensive research by the key players of this market, followed by high adoption of the touch based devices are set to drive the Tactile Sensors Market in this region. The key end-users in this region include automotive and consumer electronics among others.

Selected Value Chain Analysis done in the full report

• The process of value addition initiates with the raw material suppliers of substrate materials, electrode materials, conductive inks, polymers and so on. 
• Substrate manufacturers procure the raw materials from these suppliers for the production of substrate tapes, reels and other form factors.
• The printed, flexible, and stretchable electronics equipment manufacturers supply the equipment and provide related services to the substrate manufacturers.
• The substrates are then procured by the system integrators, especially in case of mapping array along with auxiliary components from respective suppliers such as enclosure suppliers, connectors and so on for assembling the final module.
• These modules are further either shipped to the third party distributors or OEM’s own distribution centers. The products are first shipped to the regional distribution hub from where it is further sent to the local distribution centers.
• Owing to the infancy stage of the market, the distribution network is not yet well diversified. So, the majority of the modules are directly procured by the end users through the system integrators’ own distribution network.
• The regulatory bodies play an important role in the supply chain and these bodies are responsible for the compliance of material usage regulations which influences the price of these sensors.
• The universities and independent research firms are also one of the prominent stakeholders in the value chain as these bodies hold IP licenses for the tactile sensor substrate, modules, production techniques and equipment, end products and so on.
• Finally, the sensor modules are procured by various players of end user verticals including automotive, consumer electronics, industrial and so on, for final integration into the end products.