Capacitive Sensor Market Growth Analysis | 2023-2028

Market Insights

The Capacitive Sensor Market was estimated at US$ 30.37 billion in 2022 and is expected to grow at a healthy CAGR of 5.1% during 2023-2028 to reach US$ 41.48 billion in 2028.

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What is Capacitive Sensor?

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 Dynamics

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

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By Sensor Type

The capacitive sensor market is segmented into a touch sensor, motion sensor, and position sensor. 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 Analysis

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)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholder validation, and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

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

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

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