Capacitive Sensor Market to Reach US$ 38,500 Mn by 2030
Global Capacitive Sensor Market was valued at US$ 26,680 Billion in 2021 and is expected to surpass US$ 38,500 Million by 2030, registering a CAGR of 5.6% during the forecast period (2022-2030), according to Global Capacitive Sensor Market, By Type (Touch Sensor, Motion Sensor, Position Sensor and Others), By Industry (Consumer Electronics, Food & Beverages, Oil & Gas, Healthcare, Automotive, Aerospace & Defense, Manufacturing and Others), Region ( North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Capacitive sensors are devices that enable the measurement of the position of a conductive or nonconductive surface. The high-resolution sensing ability of these sensors makes them highly popular in detection and measurement of position, proximity, acceleration, and fluid levels. Currently, capacitive sensing is widely being used in devices like mobile phones, tables, other mobile devices, laptop track pads, and in many other applications.
The Global Capacitive Sensor Market is estimated to account for US$ 38,500 Mn in terms of value by the end of 2030.
Key Developments
- In November 2021, IP Group Inc. and CoMotion partnered at the University of Washington to launch a nanotechnology startup Somalytics Inc., which is aimed to bring a better sense to the digital world. The company's main emphasis is on creating and mass-producing a paper carbon nanotube capacitive sensor that is small, flexible, and very sensitive to the human body, allowing for novel consumer and industrial applications.
- In February 2022 Hogar Controls Inc, a worldwide IoT company, announced the debut of its all-new Prima+ Smart Touch Panel line. Hogar's touch panel series contains three product versions under the Prima+ series, all of which are designed with a design-first approach and are part of comprehensive smart home solutions.
Market Driver
The primary drivers that have a positive influence on the market are significant growth in the consumer electronics industry around the world, as well as increased automation of complicated production processes. Capacitive sensors, which are often found in smartphones, laptops, and game consoles, aid process control in manufacturing units by detecting the presence and location of undesired metal items.
In addition, the increased use of touchscreen display devices for human-machine interaction has boosted the market growth. These sensors are utilized in infotainment, keyless entry, 3D gestures, and interior lighting control systems, as well as for averting car accidents with pedestrians or other objects while parking. Other reasons, such as sensor miniaturization and growth in use of medical robots to execute difficult surgeries, are projected to propel the market growth.
Capacitive Sensor Market - Impact of Coronavirus (Covid-19) Pandemic:
The global quarantine imposed in response to the COVID-19 outbreak has caused a financial crisis. The pandemic has had an impact on many industries, including the capacitive sensor market growth. Businesses were forced to make difficult financial and cost-cutting decisions following the SARS-CoV-2 outbreak to ensure the continued flow of goods. The lockdown was caused by the new coronavirus's short-term impact on the global manufacturing sector, which resulted in a drop in semiconductor demand.
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Key Trends and Analysis of the Global Capacitive Sensor Market:
- 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.
- 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, ALPS ALPINE CO., LTD.
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