Capacitive Sensors Market Outlook - 2030
Capacitive proximity sensors are non-contact devices that can detect the presence or absence of virtually any object regardless of material. They utilize the electrical property of capacitance and the change of capacitance based on a change in the electrical field around the active face of the sensor. A capacitive sensor is a type of proximity sensor that detects the presence or absence of electrically charged components in a substance.
The sensor is made up of a probe that detects the target's distance, an electronic driver that converts oscillation variations into voltage, and an electronic device that displays &records the voltage change. It is commonly used in mobile phones, tablets, computers, trackpads, vehicles, and aerospace components for the detection and measurement of location, proximity, and acceleration. Capacitive sensors are more durable, sensitive, and deliver more precise data than standard resistive or inductive sensors. The global capacitive sensors market is experiencing a significant growth and is expected grow considerably in next few years.
The global capacitive sensors market is segmented on the basis of type, end-user and region. Based on type, the market is divided into touch sensor, motion sensor, position sensor, and others. In terms of end-user, the market is categorized into consumer electronics, automotive, aerospace & defense, healthcare, oil & gas, food & beverage, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global capacitive sensors industry include Infineon Technologies AG, Renesas Electronics Corp., Microchip Technology, NXP Semiconductors N.V., Analog Devices, Fujitsu Limited, Omron Corporation, 3M Company, Schneider Electric, and Texas Instruments. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global capacitive sensors market.
COVID-19 Scenario Analysis
The worldwide quarantine imposed in response to the COVID-19 outbreak has resulted in an economic crisis. The pandemic has impacted various industries, and the capacitive sensors market growth is no exception. Following the SARS-CoV-2 outbreak, businesses were forced to make difficult financial and cost-cutting decisions to ensure the continued flow of goods. The lockdown was the result of the new coronavirus's short-term influence on the manufacturing sector around the world, which resulted in a drop in demand for semiconductor.
With the price decline, the weak demand has had a domino effect throughout the semiconductor sector. The COVID-19 outbreak and subsequent lockdown have resulted in the closure of activities, as well as e-commerce and retail stores, putting supply chains at risk and widening the gap between demand and supply. Furthermore, the supply of electronic components has been harmed as a result of the global shutdown.
In response of COVID-19's long-term implications, governments are attempting to address the problem by enacting beneficial initiatives and policies such as financial packages, lower interest rates, and tax exemptions. Despite, the world's efforts to find a COVID-19 breakthrough, the capacitive sensors market is expected to rebound to a great level during the forecast period.
Top Impacting Factors
The primary drivers that have a positive influence on the market are significant growth in the consumer electronics industry around the world, as well as increased automation of complicated production processes. Capacitive sensors, which are often found in smartphones, laptops, and game consoles, aid process control in manufacturing units by detecting the presence and location of undesired metal items.
In addition, the increased use of touchscreen display devices for human-machine interaction has boosted the market growth. These sensors are utilized in infotainment, keyless entry, 3D gestures, and interior lighting control systems, as well as for averting car accidents with pedestrians or other objects while parking. Other reasons, such as sensor miniaturization and growth in use of medical robots to execute difficult surgeries, are projected to propel the market growth.
During this projection period, a supply scarcity of indium tin oxide is likely to be a major limitation on the worldwide capacitive sensors market's growth. In addition, the worldwide capacitive sensors market is projected to be limited by a lack of adequate rules for measuring performance standards.
Rapid Growth in Automotive Industry
Due to increased information exchange between social and diverse systems in cars, human-machine interface technologies have undergone a paradigm shift. As a result, there has been a boom in demand for capacitive sensors, which are used to develop human-machine interface (HMI) applications including indoor lighting management and navigation control. A position sensor, humidity sensor, temperature sensor, and capacitive sensor are all nested in the automated vehicle. These sensors are employed in the infotainment system, keyless entry, 3D gesture, and interior lighting control. The market for various sensors, particularly the capacitive sensor, is anticipated to rise in the predicted period as global vehicle penetration rises.
Increase in Demand for Consumer Electronics
The market's growth prospects are projected to be aided by rise in demand for consumer electronic products. When it comes to smartphones, capacitive touch sensors are used by major smartphone manufacturers such as Samsung. The introduction of 5G devices and services, as well as rise in demand in emerging economies such as India, Russia, and Indonesia, is expected to aid the global smartphone market's rapid growth. Apart from the typical use in touch pads and tablets, researchers are looking at novel uses. For example, in the healthcare sector, research is being conducted to merge capacitive touch sensors with nylon fibers of 1-micron size for patient monitoring.
Key Benefits of the Report
- This study presents the analytical depiction of the global capacitive sensors market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the capacitive sensors market share.
- The current market is quantitatively analyzed to highlight the growth scenario of the capacitive sensors market trends.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed capacitive sensors market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Capacitive Sensors Market Research Report
- Which are the leading players active in the capacitive sensors market size?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Capacitive Sensors Market Report Highlights
By End User
Key Market Players
STMicroelectronics, NXP Semiconductors, Honeywell International Inc., TDK Corporation, Infineon Technologies AG, Analog Devices Inc., Cypress Semiconductor Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation, Omron Corporation