The global capacitive sensor market size is expected to reach USD 40.2 billion by 2027, registering a CAGR of 5.2% from 2020 to 2027, according to a new report by Grand View Research, Inc. Increasing demand for consumer Machine-to-Machine (M2M) devices such as portable media players, e-readers, gaming consoles, digital photo frames, Personal Navigation Devices (PNDs), smart glasses, and wearables, equipped with touch screen is anticipated to drive the demand for these sensors. Rapid growth of the consumer electronics industry and increasing preference for the replacement of resistive sensors are the key factors expected to accelerate the market growth. Additionally, the rising demand for touch screens in smartphones, Automated Teller Machines (ATMs), smart vending machines, handheld insulin control devices, and planar video walls, among others are anticipated to provide lucrative growth opportunities.
Various
companies such as Molex, LLC and Cochief Industrial Co., Ltd. are emphasizing
on the development of capacitive touch switches for smart home applications
that bodes well for the market growth. For instance, in March 2018, Molex, LLC
launched the iOn capacitive touch switch that allows homeowners to turn
electrical and electronic devices on and off by just tapping the switch.
Capacitive sensors are experiencing significant rise in demand in robotic
applications. For instance, capacitive sensors are used in robotic arms that
enable the robots to detect their contacts with metallic and non-metallic
surfaces.
Increasing
adoption of capacitive sensors in dynamic interactive displays that are used in
hotels, shopping malls, and fuel pumps is anticipated to provide significant
growth opportunities to market players over the forecast period. The use of
capacitive sensors in dynamic interactive displays has enabled the
incorporation of features such as multi-touch and fast operation. Various
consumer electronics manufacturers, such as Sharp Corporation; Sony
Corporation; and Samsung Electronics, Co. Ltd. are focusing on the development
of dynamic interactive displays. For instance, Sharp Corporation, in March
2018, launched PN-L501C AQUOS BOARD that has a 10-point multi-touch
functionality and uses capacitive touch sensors developed by Texas Instruments
Incorporated.
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Capacitive Sensor
Market Report Highlights
- In the
manufacturing industry, capacitive position sensors are being increasingly
used to measure the errors arising in machine tools such as surface
grinders, lathes, and milling machines. This factor bodes well for the
segment growth
- In recent
years, there has been a rise in the adoption of automotive airbags,
mandated by regulations such as Federal Motor Vehicle Safety Standards No.
208, which is anticipated to drive the demand in the automotive end-use
segment
- Europe is
anticipated to expand at a significantly high CAGR owing to the rise in
the number of events such as Sensors Europe 2020 and Wearable Europe 2020.
Sensors Europe 2020 focuses on the provision of guidance to manufacturers
for the fabrication and development of sensors such as touch and capacitive
sensors
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Capacitive Sensor
Market Segmentation
Grand View Research has
segmented the global capacitive sensor market based on type, end use, and
region.
Capacitive
Sensor Type Outlook (Volume, Million Units; Revenue, USD Million, 2016 -
2027)
- Touch Sensor
- Motion Sensor
- Position Sensor
- Others
Capacitive Sensor
End-use Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
- Consumer Electronics
- Food & Beverages
- Oil & Gas
- Healthcare
- Automotive
- Aerospace & Defense
- Manufacturing
- Others
Capacitive
Sensor Region Outlook (Volume, Million Units; Revenue, USD Million, 2016 -
2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa (MEA)
List of Key
Players in the Capacitive Sensor Market
- Analog Devices, Inc.
- Cypress Semiconductor Corporation
- Infineon Technologies AG
- Microchip Technology, Inc.
- Micro-Epsilon
- NXP Semiconductors N.V.
- OMRON Corporation
- Renesas Electronics Corporation
- Schneider Electric
- Texas Instruments Incorporated
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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