According to a new report Global Capacitive Sensor Market, published by KBV research, The Global Capacitive Sensor Market size is expected to reach $38.7 billion by 2026, rising at a market growth of 7.4% CAGR during the forecast period.
The consumer electronics segment dominated the market due to the increasing demand for multimedia devices with features like tracking and motion stabilization. In addition, the development of manufacturing techniques such as Microelectromechanical Systems (MEMS) has greatly reduced the size of the sensors. This has allowed them to be deployed in handheld consumer electronics, such as smartphones, walkmans and tablets. The Automotive market would showcase a CAGR of 8.8% during (2020 - 2026). The Aerospace & Defense market is expected to witness a CAGR of 6.4% during (2020 - 2026).
The Touch Sensor market dominated the Global Capacitive Sensor Market by Type 2019. The market for capacitive position sensors is anticipated to grow at a significant rate over the forecast period due to its growing demand in industries ranging from automotive to manufacturing, consumer electronics, healthcare and other industries.
Asia Pacific is expected to register the fastest CAGR during the forecast period. Regional players such as OMRON Corporation and Fujitsu Ltd. have substantial growth opportunities in the developed consumer electronics industry in the region. The growing demand for touch panels by smartphone manufacturers, such as Samsung Electronics Co., Ltd., and XIAOMI Corporation, has increased as a result of smartphone penetration in the region. Regional market growth is driven by ongoing R&D activities that are largely funded by governments. Europe is expected to expand at a significantly higher CAGR owing to the growing adoption of the vast automotive sector in the region. In addition, numerous automotive manufacturers in the region, such as Audi AG, BMW AG and the Volkswagen Group, emphasize the adoption of capacitive touch sensors in their automobiles.
Structural Insights: https://www.kbvresearch.com/capacitive-sensor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Analog Devices, Inc., Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics N.V., Schneider Electric SE, Renesas Electronics Corporation, Texas Instruments, Inc., Omron Corporation, Synaptics, Inc., and Microchip Technology, Inc.
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