Capacitive Sensor Market Analysis | 2023-2028

Market Insights

The capacitive sensor market was estimated at USD 30.3 billion in 2022 and is likely to grow at a CAGR of 5.1% during 2023-2028 to reach USD 41.4 billion in 2028.

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Market Dynamics

Introduction

A capacitive sensor is a type of electronic device that measures changes in capacitance to detect the presence, proximity, or touch of an object. It works based on the principle of capacitance, which is the ability of two conductive surfaces separated by an insulating material to store an electric charge. When an object comes close to or touches the sensor, it alters the capacitance, resulting in a change in the sensor's electrical properties. Capacitive sensors are commonly used in touchscreens, proximity detection systems, and object-sensing applications. They offer advantages such as high sensitivity, fast response times, and resistance to environmental factors like moisture and dirt.

Market Drivers

The prime factor that is contributing to the robust demand for capacity sensors is mainly the end-use industries, widespread application of these sensors in consumer electronics, automotive, defense, oil & gas, and health care. The market is expected to register good growth opportunities in emerging and developing economies such as China, Japan, South Korea, and India while North America and the Rest of the World will witness higher growth over the forecast period.

Segments Analysis

By Sensor Type

The capacitive sensor market is segmented into touch sensors, motion sensors, and position sensors. The touch sensor segment held the largest share of the market and is expected to remain dominant during the forecast period. The wide use of touch sensors in consumer electronics and automotive is expected to grow during the forecast period.

By End-Use Industries Type

The market is segmented as consumer electronics, food & beverages, oil & gas, healthcare, automotive, defense, industrial manufacturing, and others. The consumer electronics segment held the largest share of the market and is expected to remain dominant during the forecast period. The extensive use of touch sensors in consumer electronics products such as multi-touchscreens, touchpads, sliders, TV controls, smartphones, multi-media players, tablets, kiosks, and gaming consoles is likely to drive the growth of this segment during the forecast period.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing capacitive sensor market during the forecast period, with developing countries such as China, Japan, South Korea, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as consumer electronics, food & beverages, oil & gas, healthcare, automotive, defense, industrial manufacturing, and others, which is generating robust demand for capacitive sensors and the presence of a large number of capacitive sensor manufacturers in the Asia-Pacific region. For instance, in March 2016, the National Development and Reform Commission of China provided funding worth USD 100 million for the development of capacitive touch sensors for the healthcare sector. Europe is also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the major companies in the capacitive sensor market are:

• Synaptics Inc. (U.S.)
• Microchip Technology, Inc. (U.S.)
• Cypress Semiconductor Corp. (U.S.)
• STMicroelectronics N.V. (Switzerland)

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s capacitive sensor market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our capacitive sensor market report from the industry stakeholders, we have tried to further accentuate our research scope to the capacitive sensor market to provide the most crystal-clear picture of the market. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruit available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The capacitive sensor market is segmented into the following categories:

By Sensor Type

• Touch Sensor
• Motion Sensor
• Position Sensor

By End-Use Industries Type

• Consumer Electronics
• Food & Beverages
• Oil & Gas
• Healthcare
• Automotive
• Defense
• Industrial Manufacturing
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.