According to Market Research Future (MRFR)’s assessment, the global Capacitive sensors market is expected to thrive saliently at a healthy CAGR over the forecast period. The boom observed in the consumer electronics industry is anticipated to drive the growth of the market in the years to come.
Capacitive sensors market is witnessing proliferating applications across the production processes of different electronics. Industry leaders are tapping on the opportunities unleashed by developments in sensor technology which is poised to catapult the capacitive market on an upward trajectory. Also, the large-scale penetration of touch screen display is forecasted to dominate the growth pattern of the market over the next couple of years.
Capacitive Sensors Market are likely to pave its way across different industries such as automotive, oil & gas, food & beverage, etc. with the large-scale adoption of smart technologies. The growth of smart technologies is anticipated to influence the growth trajectory of the capacitive sensor market positively over the assessment period.
Industry 4.0 has been anticipated to play a significant role in the development of the capacitive sensor market in the foreseeable future. It is likely to make way for the introduction of different devices for operating the automation process. The future trajectory of the capacitive sensor market is highly attractive and is anticipated to gain momentum in the upcoming years.
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The noted players of the global capacitive sensor market profiled in this report are Infineon Technologies AG (Germany), Alps Electric (Japan), 3m company (U.S.), Microchip Technology (U.S.), Synaptics Inc. (U.S.), STMicroelectronics (Switzerland), Analog Devices (U.S.), Cypress Semiconductor (U.S.), and Cirque Corporation (U.S.).
By components, the global capacitive sensor market has been segmented into audio & amplifiers, data converters, clocks and timers, microcontrollers, and others.
By sensors, the capacitive sensor market has been segmented into proximity, acceleration, humidity, position, and others.
By end-user, the global capacitive sensor market has been segmented into automotive, telecommunications, consumer electronics, energy and lighting, industrial, aerospace and defense, medical, and others.
By region, the global capacitive sensor market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). At present, North America holds the lion’s share of the market and is poised to exhibit accelerated growth over the next couple of years. The growth is attributable to the rising demand for capacitive sensors from the booming consumer electronics industry. Healthcare sector is also likely to signify immense potential in the foreseeable future for boosting the growth pattern of the capacitive sensor market in the region.
Europe is anticipated to exhibit a similar trend in the forthcoming years and is expected to maintain its second position through the forecast period. Asia Pacific is a thriving market and is poised to scale a relatively higher CAGR over the assessment period. The capacitive sensor market in the region is presumed to grow leaps and bounds in the years to come.
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In April 2019, Infineon Technologies AG, a German semiconductor manufacturer, has announced the expansion of its research & development wing with the establishment of a new home in DICE (Danube Integrated Circuit Engineering), Infineon Austria holding company, in Linz.
In April 2019, Renesas Electronics Corporation, a provider of advanced semiconductor solutions, unveiled two touch-free user interface (UI) solutions for its 2D and 3D control-based applications. Based on capacitive sensor microcontrollers (MCUs), the new products are designed to support the development of UI for OA equipment and home appliances without touching.
In April 2019, LG Electronics Inc., a South Korean multinational electronics company, has delayed the launch of its LG V50 Thin which was unveiled at MWC 2019 held in Barcelona, Spain. The handset comes with a capacitive rear fingerprint scanner on the rear.
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