The global market for capacitive sensors is anticipated to expand significantly during the forecast period due to the growing use of capacitive sensors in the healthcare sector. Capacitive sensors operate with less power and deliver highly accurate readings. Government regulations and rules are mandating the use of capacitive sensors in the medical sector to identify heat-related problems. Capacitive sensors are being used by numerous IoT projects across the world to collect data that is both accurate and efficient and to improve medical care. Thus, the increasing demand for capacitive sensors for various purposes enhances market growth.
According to Data Bridge Market Research the Capacitive Sensor accounted for USD 27.56 billion in 2021, and expected to reach USD 87.89 billion by 2029. The market is expected to grow with a CAGR of 15.60% in the forecast period of 2022 to 2029.
“Increasing demand of electronic components”
The development of signal conditioners for capacitive sensors is becoming increasingly important to producers of electronic components such as SK Hynix, Inc. and Integrated Device Technology (IDT), Inc., which has had a favorable effect on the market's expansion. For instance, IDT, Inc. introduced the ZSSC3230 which is an 18-bit signal conditioner for capacitive sensors, in November 2019. As a result of its low power consumption property, it can be used in battery-powered gadgets such as UAVs and wearable technology. The market's expansion has also been aided by continuing research and development projects focusing on the use of capacitive sensors in the healthcare industry.
What restraints the growth of Capacitive Sensor Market?
“Multiple issues associated with capacitive sensor market”
High manufacturing costs and a lack of knowledge in underdeveloped areas will hamper the growth of the market. Also, the market's growth rate will be hampered by the absence of robust infrastructure facilities in developing economies, a lack of product differentiation, high ownership costs, a lack of procedures to measure position sensor performance standards, and the difficulty of integrating devices with this technology. These are some of the major factors which are also hampering the growth rate of the market globally during forecast period.
Segmentation: Capacitive Sensor Market
The capacitive sensor market is segmented on the basis of type and end-user industry.
- On the basis of type, the capacitive sensor market is segmented into touch sensor, motion sensor, position sensor, and other types.
- Based on end-user industry, the capacitive sensor market is segmented into consumer electronics, automotive, aerospace and defense, healthcare, food and beverage, oil and gas, other end-user industries.
Regional Insights: Asia-Pacific is expected to dominate the Capacitive Sensor Market
Asia-Pacific is expected to dominate the market and is expected to grow significantly owing to the increasing demand for consumer electronics and portable devices. Moreover, rapid industrial automation, rising disposable income and a growing automotive segment will further increase the growth of the market in this region.
In addition, the North America region is likely to register highest growth rate during the forecast period of 2022 to 2029 because of rising adoption of capacitive sensor from the region's vast automotive sector. Furthermore, various automotive manufacturers such as BMW AG, Audi AG, and Volkswagen Group, are emphasizing on the adoption of capacitive touch sensors in their vehicles will further increase the growth of the market in this region.
Recent Development: Capacitive Sensor Market
- In 2022, the recently revealed Redmi K50 from Xiaomi is equipped with the FPC1552 curved fingerprint card which is a second-generation small and capacitive touch sensor from AB. The fingerprint sensor is placed on the side of the phone and features a curved surface for better integration.
- In 2022,Sony announced the newest PlayStation VR2 with a modernized and final design image of PSVR2 Sense controller that uses a finger touch detection IR LED and capacitive sensor for position tracking.
- In 2021, CoMotion and IP Group Inc. partnered at the University of Washington to introduce a nanotechnology startup Somalytics Inc. This partnership is aimed at bringing a better sense to the digital world. The company's main emphasis is on generating and a paper carbon nanotube capacitive sensor that is flexible, small, and very sensitive to the human body.
- In 2021, Allegro MicroSystems, Inc., a global provider of power and sensing solutions,announced the A31315 sensor. This sensor is the latest addition to the 3DMAG family of linear and rotary magnetic-position sensors. This sensor will provide high flexibility and performance across design placements and superior accuracy and on-chip diagnostics.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-capacitive-sensor-market
The Prominent Key Players Operating in the Capacitive Sensor Market Include:
- Honeywell International Inc. (U.S.)
- SICK AG (Germany)
- OSRAM GmbH(Austria)
- TE Connectivity (Switzerland)
- MTS Systems (U.S.)
- Vishay Intertechnology, Inc. (U.S.)
- Infineon Technologies AG (Germany)
- STMicroelectronics (Switzerland)
- Bourns (U.S.)
- Allegro Microsystem (U.S.)
- Synaptics Incorporated. (U.S.)
- Egis Technology (Taiwan)
- Novatek Microelectronics Corp. (Taiwan)
- Qualcomm Technologies, Inc. (U.S.)
- Q Technology (China)
- CMOS Sensor Inc. (U.S.)
- ELAN Microelectonics (Taiwan)
- OXI (China)
- Sonavation Inc. (U.S.)
- Touch Biometrix (U.K.)
- Vkansee (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list Capacitive Sensor Market companies contact, https://www.databridgemarketresearch.com/reports/global-capacitive-sensor-market
Research Methodology: Global Capacitive Sensor Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
