Global Capacitive Sensors Market by Type, End-user Industry and Region - Forecast to 2023: The Market is Set to Exceed $31 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 14, 2019--The “Global Capacitive Sensors Market - Segmented By Type (Touch Sensor, Motion Sensor, Position Sensor), End-user Industry (Consumer Electronics, Automotive, Aerospace and Defense), and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The capacitive sensors market was valued at USD 22.57 billion in 2017, and is expected to reach USD 31.08 billion by 2023, recording a CAGR of 5.48%, during the forecast period of 2018-2023.
Capacitive sensing technology is witnessing swift developments, to meet the advanced user interface requirements of modern applications. The increasing preference for capacitive sensors, due to their greater durability, superior sensitivity, and higher measurement accuracy than resistive or inductive sensors, is one of the primary factors driving the growth of the market studied.
The implementation of touchscreen display systems as human-machine interaction, by end-users, such as consumer, industrial, automotive, and medical, is also anticipated to drive the demand for capacitive sensors. The increasing factory automation of production processes is also expected to spur the demand for capacitive sensors, in the healthcare and automotive industries.
However, issues related to supply shortage of indium tin oxide are estimated to challenge the growth of the market studied, during the forecast period.
Automotive Sector Expected to Fuel the Growth
Human machine interface technologies have witnessed a paradigm shift, owing to the increasing information interchange between a human and various systems in cars. This has resulted in a surge in the demand for capacitive sensors, as they are deployed for the implementation of human machine interface (HMI) applications, such as indoor illumination control, navigation control, etc.
According to the World Intellectual Property Organization, about 5,839 patents related to autonomous driving were filed, worldwide. Bosch accounts for a significant share in patent filings related to autonomous driving, (around 958 patents, during 2010-2017).
Moreover, government across the globe are also increasingly investing in the development of autonomous vehicles, further augmenting the demand for the capacitive sensors market. For instance, the Japanese government has proposed an ambitious strategy to be implemented during Tokyo 2020 Summer Games - the introduction of a self-driving vehicle force, to be used as Olympic transport.
Asia-Pacific Expected to Account for a Substantial Market Share
The established electronics industry in Asia-Pacific and adoption of innovative technologies have provided the regional organizations a competitive edge, in the market studied. Moreover, the region enjoys the presence of several major capacitive sensor vendors, such as Omron Corporation (Japan), and Fujitsu Ltd (Japan), among others.
The increasing demand for smartphones in the region is expected to further drive the market’s growth prospects, as major smartphone manufacturers, like Samsung (South Korea), are using capacitive touch sensors for smartphones.
According to Ericsson, the estimated number of smartphone subscriptions is the highest in Asia-Pacific, at about 2,077 million, during 2015-2017. The National Development and Reform Commission of China has also unveiled a three-year plan for the development of smart cars, which is anticipated to drive the demand for capacitive sensors, in the region.
2. Research Approach and Methodology
3. Executive Summary
4. Capacitive Sensors Market Dynamics
4.1 Capacitive Sensors Market Overview
4.2 Industry Value Chain
4.3 Factors Driving the Capacitive Sensors Market
4.3.1 Increasing Implementation of Touch Screen Displays as Human Machine Interaction Systems
4.3.2 Rising Usage of Scratch-resistant Non-glass Surfaces
4.4 Factors Restraining the Capacitive Sensors Market
4.4.1 Supply Shortage of Indium Tin Oxide
4.5 Industry Attractiveness - Porter’s Five Forces Analysis
4.6 Technology Snapshot
5. Global Capacitive Sensors Market Segmentation
5.1 By Type
5.1.1 Touch Sensor
5.1.2 Motion Sensor
5.1.3 Position Sensor
5.1.4 Other Types
5.2 By End-user Industry
5.2.1 Consumer Electronics
5.2.3 Aerospace and Defense
5.2.5 Other End-user Industries (Oil and Gas, Food & Beverage, Industrial)
5.3 By Geography
5.3.1 North America Capacitive Sensors Market (2018-2023)
5.3.2 Europe Capacitive Sensors Market (2018-2023)
5.3.3 Asia-Pacific Capacitive Sensors Market (2018-2023)
5.3.4 Latin America Capacitive Sensors Market (2018-2023)
5.3.5 Middle East & Africa Capacitive Sensors Market (2018-2023)
6. Competitive Intelligence - Company Profiles of the Capacitive Sensors Market
6.1 Microchip Technology Inc.
6.2 Cypress Semiconductor Corp.
6.3 STMicroelectronics N.V.
6.4 Texas Instruments Inc.
6.5 Infineon Technologies AG
6.6 NXP Semiconductors N.V.
6.7 Analog Devices Inc.
6.8 3M Company
6.9 Siemens AG
6.10 Omron Corporation
6.11 Rechner Electronics Industries Inc.
6.12 Fujitsu Limited
List Not Exhaustive
7. Investment Analysis of the Capacitive Sensors Market
8. Opportunities in the Global Capacitive Sensors Market
For more information about this report visit https://www.researchandmarkets.com/research/wswb57/global_capacitive?w=4
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Related Topics:Capacitive Sensors
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 03/14/2019 07:00 AM/DISC: 03/14/2019 07:00 AM