Fast-paced expansion of the consumer electronics industry, given the surge in disposable income and rising need to replace resistive sensors could help the capacitive sensor market do good business in the coming years. Rising preference for capacitive sensors due to their greater durability, superior sensitivity, easy operability, and higher measurement accuracy, compared to resistive or inductive sensors is believed to be a chief factor stimulating market growth.
Increasing trend of using touch screen displays systems as human-machine interaction system for consumer, industrial, medical and automotive use is expected to boost demand for capacitive sensors. Surge in digitization, as well as factory automation of several production processes, could also induce growth in demand for capacitive sensors in food & beverage, oil & gas, pharmaceuticals, petrochemicals, and automotive industries.
Growing integration of touch panels within the healthcare industry and increasing applications of capacitive sensors in the retail industry has done wonders for the market. Some additional factors promoting market growth include rising number of ATMs & office equipment and growing use of capacitive sensors in commercial & industrial electronic systems. Companies are definitely slated to gain a better position in the market, by offering advanced capacitive sensors with enhanced features by way of technological advancements.
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Europe, North America, Middle East & Africa (MEA) and Asia Pacific (APAC) are the main markets for capacitive sensor.
North America houses a huge number of world-known automobile manufacturers such as Ford and General Motors that make use of cutting-edge technology to enhance consumers’ driving experience. These companies integrate latest technologies with automobiles that are being manufactured. Capacitive sensor is used as a significant technology for gesture recognition and parking sensors to make phone calls, among other things. With the rising consumer demand for safety and development of smart cars, adoption of capacitive sensors is expected to surge in the North America market during the review period.
Renowned vendors shaping the worldwide capacitive sensor market are Cypress Semiconductor (U.S.), Cirque Corporation (U.S.), Microchip Technology (U.S.), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), 3m company (U.S.), NXP Semiconductors (Netherland), Synaptics Inc. (U.S.), Analog Devices (U.S.), Alps Electric (Japan), among others.