The global capacitive sensor market is currently valued at US$ 29.8 billion. Over the projection period (2022 to 2032), global capacitive sensor sales will thrive at 6.2% CAGR. By 2032, the total market valuation will cross US$ 54.5 billion mark.
Consumer electronics will continue to dominate the global market during the assessment period. This is due to rising adoption of capacitive sensors in consumer electronic products. The target segment is forecast to expand at a CAGR of 5.9% from 2022 to 2032.
Rising applications of capacitive sensors across diverse industries will drive the global market. In recent years, consumer electronics industry has been at the forefront of implementing capacitive sensor technology.
Capacitive sensors are being incorporated into numerous consumer electronic devices. This includes multi-media players, multi-touch screens, mobiles, tablets, & gaming consoles.
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Increasing need for capacitive sensors in these consumer electronics goods will boost the global market. Besides this, growing popularity of gadgets with touch screens will propel demand for capacitive touch sensors.
Rising usage of capacitive sensors in automobiles will fuel sales in the market through 2032. Capacitive sensors are being incorporated into modern cars to perform various functions.
Key Takeaways from the Capacitive Sensor Market Report:
- Global capacitive sensor sales are likely to surge at 6.2% CAGR through 2032.
- By type, touch sensor demand is forecast to rise at 6.1% CAGR over the next ten years.
- Based on industry, consumer electronics segment will thrive at 5.9% CAGR through 2032.
- The USA capacitive sensor market will reach a valuation of US$ 16.7 billion by 2032.
- Demand for capacitive sensors in China is forecast to increase at 7.2% CAGR through 2032.
- Japan capacitive sensor market is set to cross US$ 3.9 billion mark by 2032.
- Sales of capacitive sensors across Korea will rise at 6.6% CAGR during the projection period.
“Booming consumer electronics industry will play a key role in fueling capacitive sensor demand. Besides this, rising adoption of these sensors in vehicles will foster sales through 2032.” Says a lead Future Market Insights analyst.
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Who is Winning?
Leading manufacturers of capacitive sensor include NXP Semiconductors, Robert Bosch GmbH, Panasonic Corporation, Honeywell International Inc., Siemens, DENSO Corporation, STM Microelectronics, Amphenol Advanced Sensors, Analog Devices Inc., Emerson Electric Co., Omron Corporation, Microchip Technology Inc., Synaptics Incorporated, TE Connectivity, Schneider Electric, and Infineon Technologies AG.
New product launches, mergers, acquisitions, agreements, and collaborations are few of the key strategies adopted by companies. For instance,
- In June 2020, Murata Manufacturing signed a sales agreement with Crocus Technology for TMR Sensors. These Crocus TMR sensors offer great dependability, steady magnetic performance throughout temperature, and nano-level low power consumption. They also have exceptional durability in harsh working situations.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Capacitive Sensor Market, presenting historical market data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.
The study reveals extensive growth in the capacitive sensor market in terms of type (touch sensor, motion sensor, and position sensor) and industry (consumer electronics, food and beverages, oil and gas, healthcare, automotive, aerospace, and defense and manufacturing) across several regions.
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Capacitive Sensor Market Segmentation
By Type:
- Touch Sensor
- Motion Sensor
- Position Sensor
By Industry:
- Healthcare
- Aerospace and Defense
- Automotive
- Consumer Electronics
- Food and Beverages
- Oil and Gas
- Manufacturing
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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