New York, United States, August 03, 2021 (GLOBE NEWSWIRE) – Market Snapshot:
According to a comprehensive research report from Market Research Future (MRFR), âGlobal Sensor Capacitive Sensors Market insights, by end users – forecast to 2027âThe market was valued at USD 27.03 billion in 2019 and is used to grow at a cumulative annual development rate (CAGR) of 5.2% from 2020 to 2027.
Scope of the capacitive sensor market:
Growing Uses of Efficient Capacitive Deionization for Tap Water Analysis Drive Market
The global capacitive sensor market is proliferating mainly due to the booming smartphone market. In addition, the increasing uses of efficient capacitive deionization in the analysis of tap water for electrical impedance spectroscopy are contributing to the growth of the market. In addition, the growing popularity of wearable devices and sales of consumer electronics are major factors driving the growth of the market. With heavy use of capacitive sensors in the automotive, aerospace, and defense industries, the market is expected to experience significant traction over the next six years.
The major key players in the Covered Capacitive Sensors market are:
- Analog devices, Inc.
- Microchip Technology, Inc.
- NXP Semiconductors SA
- STMicroelectronics SA
- Infineon Technologies AG
- Texas Instruments, Inc.
- Synaptique Inc.
- Cypress Semiconductor Corp.
- Circus Corp.
- Renesas Electronics Corp
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Proliferation of biometric technology plays causal role in market development
Despite the trend of screens, capacitive sensors are in high demand. The market for active capacitive fingerprint sensors has remained strong despite the growing popularity of fingerprint sensors built into some recent smartphones. Additionally, sensor design updates to keep pace with innovation and deliver the same utility in a sleeker package increase the size of the market.
Capacitive sensors are witnessing wide areas of application including the automotive, aerospace and defense industries. Capacitive sensors are also widely used in advanced surveillance and security systems, which creates substantial market demand. The increasing adoption of capacitive sensors in Advanced Driver Assistance Systems (ADAS) to monitor proximity, acceleration, humidity and position is increasing their demand in the automotive industry.
Limits of detection capabilities are a major headwind
Despite promising prospects, the market still faces several challenges, such as the limits of detection capabilities and the availability of low cost counterfeit sensors. In addition, declining interest in universal PCs and a reduced stock of indium tin oxide are other significant factors hampering the growth of the capacitive sensor market.
In the future, capacitive sensors will be used more and more for remote monitoring of health and the environment. The increasing use of capacitive sensors in healthcare devices would support the market growth throughout the evaluation period.
Browse the in-depth market research report (111 pages) on the Capacitive Sensors Market:
Market segmentation covered by research:
Capacitive Sensors market forecast is segmented into types, end users, and regions. The type segment is sub-segmented into proximity, acceleration, humidity and position sensors. The end user segment is sub-segmented into gadgets for buyers, car, oil and gas, healthcare, food and refreshments, aviation and custody, others. The regional segment is sub-segmented into the Americas, Europe, APAC and the rest of the world.
North America is expected to maintain its dominance in the global capacitive sensor market throughout the assessment period. The region is home to a large number of well-established car manufacturers, increasingly using advanced capacitive sensor technology for gesture recognition and parking sensors to make phone calls to improve the driving experience for consumers. .
In addition, the largest market share is attributed to growing consumer demand for safety and smart car development, leading to the adoption of capacitive sensors in North America. The growing demand for smartphones and the adoption of innovative technologies provide vast opportunities for market players in this region. In addition, the increasing application of these sensors in the healthcare sector is also benefiting the regional market to a large extent.
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Impact of COVID-19 on the Global Capacitive Sensor Market
The COVID-19 outbreak has boosted the capacitive sensor industry. Momentum for biometric phones, PCs and payments has remained strong despite disruptions related to COVID. In addition, increasing transformations in IT and telecommunications sectors, digital transformations in all sectors have contributed to the market recovery.
Capacitive sensors have demonstrated how equipment manufacturers can make small design tweaks to significantly improve the user experience. Additionally, capacitive sensors offer a compelling blend of convenience and security, making them an attractive option over newer authentication technologies such as in-display sensors and face and iris recognition. .
The capacitive sensor market has seen a steady rise in recent months. Industry players are also encouraging investments in R&D to advance sensor technologies. In addition, the proliferation of biometric technologies has further pushed the growth of the market.
With the penetration of the capacitive fingerprint sensors market, sales in the market are expected to increase steadily over the next few years, remaining the most common biometric modality in smartphones.
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