Press release
Covid-19 Lockdown Impact On Global Capacitive Sensor Market 2020-2027 Growth and Demand, Projected Market Research Store.
The Global Capacitive Sensor Market is valued at USD 27.8 billion in 2020 which is expected to reach USD 38.4 billion by 2027 at a CAGR 4.3%.The capacitive sensors are defined as contact or non-contact devices that sense the electrically charged objects which can detect the presence or absence of any kind of object in spite of any material such as metallic or non-metallic. These are widely used in consumer electronics, automotive, aerospace & defense, and among others.
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The rise in demand for capacitive sensors due to their superior sensitivity, higher measurement accuracy than inductive or resistive sensors and greater durability is expected to boost the global capacitive sensor market growth over the forecast period. Furthermore, the rise in demand for multi-touch screens which provide features such as pinch to zoom is expected to fuel the market growth. Also, the growing adoption of capacitive sensors in consumer electronic products like multi-media players, tablets, smartphones, and touch screens is anticipated to drive the demand for capacitive touch sensors. In addition, the increase in government support for research and development activities in nanotechnology based applications like space exploration, food packaging, medicine, and water purification will positively influence the global capacitive sensor market growth.
Supply shortage of Indium Tin Oxide is a major restraint which expected to hamper the growth of the global capacitive sensor market during this forecast timeline. Also, lack of proper guidelines to measure performance standard is expected to limit global capacitive sensor market growth.
Market Segmentation
The Global Capacitive Sensor Market is segmented into sensor type such as Touch Sensors, Motion Sensors, Position Sensors, and Others. Further, market is segmented into industry such as Consumer Electronics, Oil & Gas, Food & Beverages, Healthcare, Defense, and Others.
Also, Global Capacitive Sensor Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market key Players
Various key players are discussed in this report such as Infineon Technologies AG, Synaptics Inc, Microchip Technology, Inc., Cypress Semiconductor Corp, Stmicroelectronics N.V., NXP Semiconductors N.V., Texas Instruments, Inc., and Renesas Electronics Corp.,
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Market Taxonomy
By Sensor Type
• Touch Sensors
• Motion Sensors
• Position Sensors
• Others
By Industry
• Consumer Electronics
• Oil & Gas
• Food & Beverages
• Healthcare
• Defense
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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Vishal Thakur
Research Support Specialist
QualiKet Research
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Website: https://qualiketresearch.com
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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