The global capacitive sensors market was valued at around USD 10 billion in 2015 and is anticipated to advance at a CAGR of 15 % from 2016 to 2024. The rapid growth of the consumer electronics industry owing to rise in disposable income and growing preference for replacement of resistive sensors are factors anticipated to boost the market growth over the forecast period.
The growing preference for capacitive sensors owing to their superior sensitivity, greater durability, higher measurement accuracy, and easy operability as compared to resistive or inductive sensor counterpart is one of the major factor driving the growth of this market.
The growing trend of implementing touch screen displays systems as human-machine interaction system for industrial, consumer, automotive, and medical use are anticipated to drive the demand for capacitive sensors.
Increasing digitization and factory automation of production processes are expected to spur demand for capacitive sensors in oil & gas, food & beverage, petrochemicals, pharmaceuticals, and automotive industries.
Rising integration of touch panels in the healthcare industry, expanding applications of capacitive sensors in the retail industry, growing number of ATMs & office equipment, increasing use in commercial & industrial electronic systems, and the growing preference for high accuracy & sensitivity sensors are expected to drive the market over the forecast period. Technological developments and enhancement in the features of the sensors are supposed to provide a competitive edge to companies operating in this market.
The segmentation of the capacitive sensor market by device type includes buttons, touch pads, sliders, and screens. Increased application of capacitive sensors for the touchscreens in smartphones & input devices such as buttons, sliders, and touchpad by major smartphone manufacturers such as Apple, Nokia and Samsung is anticipated to augment the market demand.
The capacitive sensors market is segmented by sensing applications into touch, motion, capacity, and position. Motion sensing section is divided into three sub-segments that include an accelerometer, magnetometer, and nanometer.
Touch sensing is expected to be the largest application segment in the capacitive sensors market whereas motion sensing is projected to grow at a high rate over the coming years. Increasing production of virtual gaming consoles is expected to contribute to the demand for motion capacitive sensors. This segment is projected to grow in proportion to the consumer electronics market.
Motion sensing application is anticipated to exhibit the highest growth rate owing to increasing applications of capacitive magnetometers and accelerometers in the automotive and smartphone segment.
Increasing government support for research and development activities in nanotechnology-based applications such as medicine, space exploration, food packaging, and water purification on account of better-quality nanometer resolution offered by these sensors is expected to augment the market demand in next few years.
By position, capacitive sensors are segmented into displacement sensors and proximity sensors. Increased utilization of proximity sensors in industrial applications is anticipated to influence the market demand positively.
Applications such as semiconductor processing, assembly line testing, precise thickness measurements, and machine tool metrology are increasingly utilizing capacitive displacement sensors on account of its high-resolution measurement property. It is one of the major factors that is expected to augment the market demand for capacitive displacement sensors.
By verticals, the capacitive sensors market is segmented into consumer electronics segment and non-consumer electronics segment. It is anticipated that the consumer electronics sector will exhibit an increased demand for capacitive sensors on account of rising purchases of electronic products, especially in the emerging nations.
The non-consumer segment is further divided into the automation and commercial industry. Increasing consumer preferences for installation of LCD screens in vehicles is expected to spur demand for capacitive sensors in this segment. Increased production and installation of kiosks in the medical and railway industry coupled with improved utility of ATM and other transaction kiosks in the banking sector is likely to drive the demand for capacitive sensors from 2016 to 2024.
Asia Pacific is estimated to account for a significant market share and is expected to dominate the capacitive sensors market by 2024 owing to increased technological advancements and rising spending power in emerging economies including India, China, South Korea, and Japan. Growing number of electronics manufacturers in Asia Pacific and the increasing purchase of electronics by developing countries is projected to drive the market for capacitive sensors over the forecast period.
The key players in the capacitive sensors market are 3M Company, Texas Instruments Inc., General Electric Company, Micro-Epsilon, Omron Corporation, STMicroelectronics NV, Fujitsu Limited, Lion Precision Inc., Cypress Semiconductor Corporation, ALPS Electric Company Limited.
Contrinex AG, Infineon Technologies AG, Microchip Technology Inc., RECHNER IndustrieElektronik GmbH, Siemens AG, Iljin Display Company Limited, NXP Semiconductors N.V., and Synaptics Corporation among others.
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