A capacitive sensor is a non-contact device that is used to detect virtually the presence or absence of an object. They are less expensive and non-directional sensors used for non-contact detection of metallic and non-metallic objects. Capacitive sensor technology is used to measure flow, level, pressure, linear position, angle position, etc. The high-resolution sensing capability of capacity sensors makes them highly popular in measurement and detection of position, acceleration, proximity, and fluid level. Capacitive sensors do not require any physical contact with the materials and they can operate on the principle of the capacitor. Capacity sensors are used in consumer electronics, oil & gas and in industries such as automotive and healthcare. Moreover, the increasing demand for consumer electronics such as mobile devices, tablets, smartphones, and keypads is expected to drive the market growth during the forecast period. These sensors offer high accuracy, great stability and improved sensitivity.
The global capacitive sensor market is expected to witness significant growth during the forecast period (2020–2027) due to increasing adoption of capacitive sensors in consumer electronics such as smartphone, mobile devices, tablets and others. The increasing penetration of Internet of Things in emerging economies is driving demand for smartphones, tablets, and other mobile devices. For instance, according to Coherent Market Insights analysis, the penetration of smartphones in China increased from 696.5 million in 2017 to 786.3 million in 2020. The main factor facilitating demand for capacitive sensors is the increasing number of smartphone manufacturers. For instance, in March 2020, Samsung launched Samsung Galaxy M21 in India. The new galaxy smartphone comes with various features such as a rear camera with 48 mega pixel primary sensor and 5 mega pixel depth sensor. Furthermore, the touch screen has become the most preferred interface for mobile devices. Smart wearables such as smart watches are using capacitive sensor technology in order to offer good user experience. Moreover, growing demand for augmented reality and virtual reality is also driving the market growth during the forecast period. Demand for augmented and virtual reality is driven by the rising penetration of smartphones in emerging economies and developed countries.
Capacitive Sensor Market - Impact of Coronavirus (Covid-19) Pandemic
Several countries across the globe have been affected by the COVID-19 pandemic and governments have announced nationwide lockdowns to curb the spread of the virus. The growth of the capacitive sensor market has been hampered as capacitive sensors are used in many industries such as aerospace & defense, automotive, oil & gas and many others. Demand and price of crude oil have fallen due to lockdowns. Most companies have witnessed a slowdown in their manufacturing operations due to the pandemic. For instance, in March 2020, the price of crude oil decreased from US$ 61.06 to US$ 23.36 in the U.S. Moreover, international and domestic travel has been banned which has led to a significant decline in the consumption of aviation turbine fuel across the globe. Capacitive sensors are used in the aerospace & defense sector in the thrust reverser and power door operating systems.
|Base Year:||2019||Market Size in 2019:||US$ 28.6 Bn|
|Historical Data for:||2017 to 2019||Forecast Period:||2020 to 2027|
|Forecast Period 2020 to 2027 CAGR:||4.3%||2027 Value Projection:||US$ 41.3 Bn|
Honeywell International Inc., NXP Semiconductors, Panasonic Corporation, Siemens, STMicroelectronics, Emerson Electric Co., Microchip Technology Inc., Robert Bosch GmbH, TE Connectivity, DENSO CORPORATION, OMRON Corporation, Amphenol Advanced Sensors, Infineon Technologies AG, Analog Devices, Inc., Cypress Semiconductor Corporation, Synaptics Incorporated, Schneider Electric, Renesas Electronics Corporation, FUJITSU, 3M,Eaton,Rockwell Automation, General Electric, STMicroelectronics, ALPS ALPINE CO., LTD., Siemens.
|Restraints & Challenges:||
North America is expected to hold dominant position in the global capacitive sensor market during the forecast period.
North America held dominant position in the global capacitive sensor market in 2019, accounting for 43.2% share in terms of value, followed by Asia Pacific and Europe.
Figure 1: Global Capacitive Sensor Market Share (%), By Region, 2019
North America held the dominant position in the global capacitive sensor market in 2019 and is expected to retain its dominance throughout the forecast period due to adoption of smart technologies such as smartwatches in the U.S. Manufacturers of wearables are using advanced technology and embedding capacitive sensors into smartwatches. Moreover, high disposable income in the U.S. is favoring demand for wearables such as smartwatches to monitor their health. Capacitive sensors are also embedded in devices to track the fertility cycle. For instance, the number of connected wearable devices reached to 823 million in 2019 from 326 million in 2016.
Asia Pacific is expected to exhibit highest growth during the forecast period owing to rapidly rising population and increasing demand for smart wearables in emerging economies. For instance, Huawei Technologies Co., Ltd., launched Huawei Watch GT 2 Pro smart watch. The smart watch comes with 4GB of storage and uses Bluetooth 5.1 for connectivity. Moreover, the increasing disposable income in developed and emerging economies is expected to increase spending on smart devices. For instance, according to the National Bureau of Statistics (NBS), in China, the rural and urban per capita disposable income reached US$ 5,658.45 from US$ 2,107.2 in 2018.
The consumer electronics segment is expected to drive the market growth during the forecast period.
Among industry, the consumer electronics segment is expected to hold dominant position in the global capacitive sensor market during the forecast period. This is attributed to growing penetration of smartphones in emerging and developed economies. Manufacturers are also focusing on launching smartphones with new features in order to gain a competitive edge in the market. In April 2020, Samsung launched the new Galaxy A51 and Galaxy 71 5G smartphones with features such as Infinity-O display, 5G connectivity, long-lasting battery, and quad camera.
Figure 2: Global Capacitive Sensor Market Value (US$ Bn) Analysis and Forecast, 2017 - 2027
The global capacitive sensor market was valued at US$ 28.6 Bn in 2019 and is expected to reach US$ 41.3 Bn by 2027 at a CAGR of 4.3% between 2020 and 2027.
Major players operating in the global capacitive sensor market are Honeywell International Inc., NXP Semiconductors, Panasonic Corporation, Siemens, STMicroelectronics, Emerson Electric Co., Microchip Technology Inc., Robert Bosch GmbH, TE Connectivity, DENSO CORPORATION, OMRON Corporation, Amphenol Advanced Sensors, Infineon Technologies AG, Analog Devices, Inc., Cypress Semiconductor Corporation, Synaptics Incorporated, Schneider Electric, Renesas Electronics Corporation, FUJITSU, 3M,Eaton,Rockwell Automation, General Electric, STMicroelectronics, ALPS ALPINE CO., LTD., Siemens and others.
Capacitive sensors are used for non-contact detection of metallic and non-metallic objects such as liquid, plastics, wood, and others. Capacity sensors are small, affordable, and consume less power. Capacitive sensors are used in industries such as automotive, healthcare, food & beverages, oil& gas, and others. The increasing demand for capacitive sensors from the automotive industry is expected to drive market growth during the forecast period. Capacitive sensors are used for the implementation of human-machine interface applications such as navigation and illumination control. Furthermore, governments are promoting the use of position sensors in autonomous vehicles which is expected to drive the market growth. For instance, in October 2019, the Japanese government launched a driverless taxi used as olympic transport to provide fast and safe delivery of goods to its final destination. These factors are expected to drive market growth during the forecast period.
The growing adoption of medical robots in the healthcare industry is expected to drive market growth during the forecast period. For instance, in November 2019, Toyota Motor Corporation launched Welwalk WW-2000, a specially designed robot to provide rehabilitation support to individuals with lower-limb paralysis and reduce the burden on therapists. The increasing adoption of minimally invasive surgery is providing a platform for medical robots by utilizing capacitive sensor technology. For instance, in December 2019, Apollo Hospitals Enterprise Ltd. launched a robot-assisted cardiac unit in India. Minimally invasive surgery helps patients to recover faster. Moreover, demand for medical robots is increasing due to the adoption of innovation, growing healthcare expenditure, and well-established healthcare infrastructure. Furthermore, technological advancements and the rising application of medical robots such as medical transportation, sanitation & disinfectant, surgery, and rehabilitation among others is driving the market growth.
The global capacitive sensor market is expected to witness significant growth during the forecast period owing to the increasing adoption of capacitive sensors in the healthcare industry. Capacitive sensors need less power for functioning and provide results with high accuracy. Government regulations are mandating use of capacitive sensors to detect heat-related issues in the medical industry. Various IoT projects across the world are using capacitive sensors for collecting efficient and accurate data, and also, to provide better care to patients. According to Coherent Market Insights’ analysis, the medical device market has reached US$ 398,000 million in 2017 due to increasing disease incidence. According to the American Heart Association (AHA), heart disease kills around 17.3 million people annually, which is expected to increase to 23.6 million by 2030. Innovative temperature sensors are used to mitigate heat-related mortality rates.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.