A New Market Study, titled “Capacitive Sensor market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
The capacitive sensor market 2020 and its shares are preparing for new strategies that could help the market to regain its position post novel coronavirus. Market Research Future digs information and comes up with a prediction that the global capacitive sensor market expects a steady growth at a towering CAGR. The growth pace will be happening in the years from 2016 to 2027 (forecast period), and in these years, the market would achieve new valuation.
Top Impacting Factors
The boost in the application in the consumer electronics industry has been driving the capacitive sensor market for years and will be on the continual mode in the forecast period. The COVID 19 pandemic is helping to erode the hype around the semiconductor industry as capacitive sensing technology is observing swift developments to meet the advanced user interface requirements of modern applications. The escalating preference for capacitive sensors, owing to its superior sensitivity, more exceptional durability, and higher measurement accuracy than resistive or inductive sensors is one of the crucial factors driving the growth of the market studied.
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MRFR also brings the fact that the rise in automation of complex production systems has augmented the demand for components capable of providing critical data related to the production process. These sensors assist in process control in factories by detecting the incidence and position of metal objects. In fact, the surged usage in varied application areas such as touch, position, motion sensing, as well as in capacity measurements. Also, the vast and swiftly growing consumer electronics sector has witnessed the introduction of hefty capacitive sensor-based devices, thereby fuelling capacitive sensor market growth.
Furthermore, some features, such as the requirement of limited calibration and reduced size of the sensors have also improved its incorporation rate in various sensor-based devices. On the contrary, significant factors restricting the growth of this market are lack of innovation and product differentiation as well as the availability of optional technologies. Application of nanometer resolution provided by capacitive sensors in the field of nanotechnology indicates a new-fangled capacitive sensor market growth opportunity.
As per the segmental analysis, the global capacitive sensor market has been studied among the segments of components, sensors, and end-user.
In terms of components segment: Comprises of clocks and timers, data converters, audio & amplifiers, microcontrollers and among others.
In terms of sensors segment: Comprises of acceleration, proximity, position, humidity, and among others.
In terms of the end-user segment: Comprises telecommunications, automotive, energy and lighting, consumer electronics, aerospace and defence, industrial, and medical.
Presently, North America is considered as the foremost market of the capacitive market owing to towering demand for the consumer electronics product and from the healthcare industry. The US is leading the market in North America with a high market share.
The established electronics industry in the Asia-Pacific region and the adoption of innovative technologies have provided the regional organizations with a competitive edge, in the market studied. Moreover, the region enjoys the incidence of several chief capacitive sensor vendors, such as Fujitsu Ltd (Japan) and Omron Corporation (Japan). The growing demand for consumer electronic products in the region is likely to drive the market’s growth prospects further. Talking about Smartphones, the foremost Smartphone manufacturers, such as Samsung (South Korea), are using capacitive touch sensors for Smartphones. As per Ericsson, the estimated number of smartphone subscriptions is the highest in Asia-Pacific, at about 2,077 million, throughout 2015-2017.
Europe stands as the second biggest market for the capacitive market with a better market share and has been valued highly in the year 2015.
Top Industry Players
The well-known players in the market of the capacitive sensor are listed as 3m company (U.S.), Infineon Technologies AG (Germany), Microchip Technology (U.S.), Alps Electric (Japan), Synaptics Inc. (U.S.), STMicroelectronics (Switzerland), NXP Semiconductors (Netherland), Analog Devices (U.S.), Cypress Semiconductor (U.S.) and Cirque Corporation (U.S.).
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