Market Overview
The Global Capacitive Sensor Market is expected to advance at a high CAGR during the forecast period (2015-2027), reports Market Research Future (MRFR).
Market Boosters and Top Challenges
Fast-paced expansion of the consumer electronics industry, given the surge in disposable income and rising need to replace resistive sensors could help the capacitive sensing market do good business in the coming years. Rising preference for capacitive sensors due to their greater durability, superior sensitivity, easy operability, and higher measurement accuracy, compared to resistive or inductive sensors is believed to be a chief factor stimulating market growth.
Increasing trend of using touch screen displays systems as human-machine interaction system for consumer, industrial, medical and automotive use is expected to boost demand for capacitive sensors. Surge in digitization, as well as factory automation of several production processes, could also induce growth in demand for capacitive sensors in food & beverage, oil & gas, pharmaceuticals, petrochemicals, and automotive industries.
Growing integration of touch panels within the healthcare industry and increasing applications of capacitive sensors in the retail industry has done wonders for the market. Some additional factors promoting market growth include rising number of ATMs & office equipment and growing use of capacitive sensors in commercial & industrial electronic systems. Companies are definitely slated to gain a better position in the market, by offering advanced capacitive sensors with enhanced features by way of technological advancements.
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Market Segmentation
The segmental analysis of the worldwide capacitive sensor market includes components, sensors, and end-users.
With respect to components, the market is considered for audio & amplifiers, data converters, clocks and timers, and microcontrollers, among others.
In terms of sensors, the segments covered are capacitive, acceleration, humidity, position among others.
The end-users in the capacitive sensor market are aerospace and defense, telecommunications, automotive, energy and lighting, consumer electronics, industrial, medical, among others.
Regional Insight
Europe, North America, Middle East & Africa (MEA) and Asia Pacific (APAC) are the main markets for capacitive sensor.
North America houses a huge number of world-known automobile manufacturers such as Ford and General Motors that make use of cutting-edge technology to enhance consumers’ driving experience. These companies integrate latest technologies with automobiles that are being manufactured. Capacitive sensor is used as a significant technology for gesture recognition and parking sensors to make phone calls, among other things. With the rising consumer demand for safety and development of smart cars, adoption of capacitive sensors is expected to surge in the North America market during the review period.
Quick adoption of innovative technologies provides organizations in Europe a competitive edge, which also benefits the capacitive sensor market. Another factor working in favor of the capacitive sensor market in the region is the soaring demand for smartphones. Rising application of these sensors in the healthcare industry also benefits the regional market to a great extent.
Mounting demand for consumer electronic products in APAC could accelerate the market’s growth prospects. Speaking of smartphones, some of the most esteemed smartphone manufacturers like Samsung (South Korea) are making use of capacitive touch sensors in smartphones. As per Ericsson, Asia Pacific had noted the highest number of smartphone subscriptions, which comes to about 2,077 million, from 2015 to 2017. Additionally, researchers in Japan are exploring new applications, beside traditional use in tablets and touchpads. To illustrate, researches are being carried for integrating capacitive touch sensors with 1-micron size of nylon fibers which could help monitor patients in the healthcare sector.
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Top Players
Renowned vendors shaping the worldwide capacitive sensor market are Cypress Semiconductor (U.S.), Cirque Corporation (U.S.), Microchip Technology (U.S.), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), 3m company (U.S.), NXP Semiconductors (Netherland), Synaptics Inc. (U.S.), Analog Devices (U.S.), Alps Electric (Japan), among others.
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Global Capacitive Sensor Market size was valued at US$ 22.57 Bn in 2019 and is expected to reach US$ 35.40 Bn by 2027 to exhibit a CAGR of 5.79% during the forecast period.The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors.
Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments.
To know about the Research Methodology:-Request Free Sample ReportThe objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated Market data, and projections with a suitable set of assumptions and methodology.
The report also helps in understanding global capacitive sensor market dynamics, structure by identifying and analyzing the Market segments and project the global market size.Further, the report also focuses on the competitive analysis of key players by type, price, financial position, type portfolio, growth strategies, and regional presence.
The growing preference for capacitive sensors, due to their greater durability, superior sensitivity, and higher measurement accuracy than resistive or inductive sensors is one of the main factors driving the growth of the market studies.The major driving factors behind the growth of the global capacitive sensor market are technological development in capacitive sensors, the growing trend of miniaturization of sensors, the rapid growth of the consumer electronics industry, increasing use of scratch-resistant non-glass surfaces in electronics, and a rising preference for replacement of resistive sensors.The key restraining factors for the growth of the capacitive sensor market is decreasing demand for all-in-one PCs and a short supply of indium tin oxide.
The growing opportunity of capacitive sensors in the dynamic interactive display market will generate many opportunities in this market.The capacitive sensors are widely used in consumer electronics products like touchpads, TV controls, smartphones, multimedia players, tablets, multi-touch screens, gaming consoles.
The global Capacitive Proximity Sensor Market was valued at USD 0.80 billion in 2017 and is expected to reach a value of USD 1.21 billion by end of 2023, registering a CAGR of 7.19% during the forecast period (2018 - 2023).
The scope of the report includes various segments by type cylindrical capacitive sensor, and rectangular capacitive sensor, and is limited to aerospace & defense, industrial, automotive and marine end-user industries.
While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa and Latin America.Ask for Sample PDF @ http://www.orbisresearch.com/contacts/request-sample/2131973 One of the Major Drivers for the Capacitive Proximity Sensor Market is the Growth in Industrial AutomationThe industrial automation segment has been emerging to be a relatively more attractive space for investment by organizations across the globe.
However, limitations in sensing capabilities and availability of other sensors at a lower cost might hinder the growth of the capacitive proximity sensor market.Automotive Industry Has the Highest Market Share during the Forecast PeriodDue to the increasing purchasing power of the millennial population, there is a continuous demand for passenger cars.
According to OICA, global passenger was estimated to be 72.10 million units in 2016 and the demand is expected to be continuing during the forecast period.For an average consumer, trucks are reliable options, as they have better fuel efficiency and safety features.
Premium vehicles and utilities continue to drive the sales of light vehicles, which cumulatively contribute to an increase in the demand for capacitive proximity sensors market during the forecast period.Application of Capacitive Proximity Sensor MarketCapacitive sensors can detect metal and non-metal objects rather nearly all other materials.
The latest Report released on Capacitive Ceramic Pressure Sensor Market Size, Share, Growth, Industry Trends, covers different industry elements and growth inclinations that help in predicting market forecast.
The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, demand, trends, growth, revenue, statistics, major development, technological advancements, and share of key and emerging segment.
Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Capacitive Ceramic Pressure Sensor market outlook.
Request to Sample PDF Brochure: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-capacitive-ceramic-pressure-sensor-market Brief Overview on Capacitive Ceramic Pressure Sensor:The capacitive ceramic pressure sensor market is expected to witness market growth at a rate of 7.65% in the forecast period of 2021 to 2028.
The ceramic material's distinct advantages allow the sensors to offer long-term strength and dependability with high pressure resistance.
Important years considered in the study are:Historical year – 2010-2019; Base year – 2020; Forecast period– 2021 to 2028 List of Key Players Profiled in the study includes market overview, Market Share, business strategies, Development activities, and SWOT analysis:ACS-CONTROL-SYSTEM GmbH, BD|SENSORS GmbH, Impress Sensors & Systems Ltd., Infineon Technologies AG, Kavlico, Metallux SA, Murata Manufacturing Co. Ltd., Pewatron AG, Sensata Technologies Inc., VEGA Americas Inc., Servoflo Corporation, PMC Engineering LLC, TE Connectivity, Hefei WNK Smart Technology Company Limited, Honeywell International Inc., ABB, Emerson Electric Co., Microsensor Co. Ltd., OMRON Corporation, STMicroelectronics What does the Report Provide?The market report offers a comprehensive analysis of various factors such as the key drivers, and restraints that are likely to impact the market growth in upcoming years.
