Global Capacitive Sensor Market
Added: (Mon Mar 11 2019)
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Global Capacitive Sensor Market size was valued at US$ 22.57 Bn in 2017 and is expected to reach US$ 35.40 Bn by 2026 to exhibit a CAGR of 5.79 % during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated Market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global capacitive sensor market dynamics, structure by identifying and analyzing the Market segments and project the global Market size. Further, the report also focuses on the competitive analysis of key players by type, price, financial position, type portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTERs analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global capacitive sensor market.
Capacitive sensing technology is witnessing rapid developments, to meet the advanced user interface necessities of modern applications. The growing preference for capacitive sensors, due to their greater durability, superior sensitivity, and higher measurement accuracy than resistive or inductive sensors is one of the main factors driving the growth of the market studied.
The major driving factors behind the growth of the global capacitive sensor market are technological development in capacitive sensor, the growing trend of miniaturization of sensors, the rapid growth of the consumer electronics industry, increasing use of scratch-resistant non-glass surfaces in electronics and a rising preference for replacement of resistive sensors.
The key restraining factors for the growth of the capacitive sensor market is decreasing demand for all-in-one PCs and short supply of indium tin oxide. Lack of proper guidelines to measure performance standards is one of the major challenges for this global capacitive sensor market. The growing opportunity of capacitive sensors in dynamic interactive display market will generate many opportunities in this market.
The capacitive sensors are widely used in consumer electronics products like touchpads, TV controls, smartphones, multimedia players, tablets, multi-touch screens, gaming consoles. Also, the application of the capacitive sensor is increasing for the touchscreens in smartphones & input devices such as buttons, sliders, and touchpad. Owing to these applications is anticipated to grow the demand of the capacitive sensor market.
Global Capacitive Sensor Market
Touch sensing is the largest application segment in the capacitive sensors market while motion sensing is expected to grow at a high rate over the upcoming years because of growing production of virtual gaming consoles. Further, rising government support for research and development activities in nanotechnology-based applications like medicine, space exploration, food packaging, and water purification is expected to increase the market demand in the forecast period. This segment is anticipated to grow in proportion to the consumer electronics market.
Motion sensing application is projected to hold the highest growth rate owing to growing applications of capacitive magnetometers and accelerometers in the automotive and smartphone segment and increasing government support for research and development activities in nanotechnology-based applications.
Position capacitive sensors are segmented into displacement sensors and proximity sensors. The position capacitive sensors are projected to grow at a high rate during the forecast period owing to increased utilization of proximity sensors in industrial applications. Capacitive displacement sensor has a high-resolution measurement property. Because of this feature capacitive displacement sensors are mostly used in semiconductor processing, for assembly line testing, and for precise thickness measurements.
The automotive industry is anticipated to grow at a high rate during the forecast period because of capacitive sensors are high demand in all the manufacturing sectors of the automotive industry for almost all processing of machines and for other supporting functions. Also, consumer electronics segment is expected to raise at high speed in the upcoming years owing to the increased use of capacitive sensors in electronic products such as smartphones, tablets, TVs, touchpads, especially in the developing countries.
The Asia Pacific is projected to hold the major market share of the global capacitive sensor market during the forecast period owing to increased technological developments and increasing spending power in developing economies including India, China, South Korea, and Japan. The rising number of electronics manufacturers in the Asia Pacific and the growing purchase of electronics by developing countries is expected to drive the market for capacitive sensors over the forecast period.
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Scope of the Global Capacitive Sensor Market
Global Capacitive Sensor Market, by Sensor Type
Global Capacitive Sensor Market, by Industry
Oil & Gas
Food & Beverages
Global Capacitive Sensor Market, by Region
Middle East & Africa
Key Players operating in the Global Capacitive Sensor Market
Microchip Technology, Inc.
Cypress Semiconductor Corp.
NXP Semiconductors N.V.
Texas Instruments, Inc.
Renesas Electronics Corp.
Infineon Technologies AG
Analog Devices, Inc.
Lion Precision Inc.,
ALPS Electric Company Limited.
This Report Is Submitted By @Global Market Research Company
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