( PR4US.com | Press Release | 2017-01-17 20:36:32 )
On the basis of new market research report, the capacitive sensor market is estimated to reach USD 31.79 Billion by 2022, at a CAGR of 5.4% during the forecast period. The capacitive sensor market size, in terms of volume, is estimated to register a shipment of 21.14 Billion units by 2022, at a CAGR of 9.3% during the forecast period.
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Factors such as rising consumer electronics industry across the world, growing trend of miniaturization of sensors, and increasing use of scratch-resistant non-glass surfaces are driving the growth of capacitive sensor market. However, declining demand for all-in-one PCs and, short supply of indium tin oxide are some of the major challenges faced by the capacitive sensor market at large.
This report provides a detailed analysis of the market based on type of sensor, industry, and region. It has been estimated that the touch sensor market would hold a large share of the capacitive sensor market during the forecast period. The capacitive sensor market, by industry, includes consumer electronics, food & beverages, oil & gas, healthcare, automotive, defense, and industrial manufacturing among others. Consumer electronics industry contributes maximum in the capacitive sensor market. The capacitive sensor market for the automotive industry is expected to grow in the coming years because the automotive industry has recently been experiencing rapid changes in manufacturing technology; the capacitive sensor market for automotive industry is expected to grow at a high CAGR between 2016 and 2022.
The capacitive sensor market for the automotive industry is expected to grow at a high CAGR during the forecast period. There is a great scope for capacitive sensors in manufacturing and supplying companies in all the nations since capacitive sensors are in high demand in all the manufacturing units of the automotive industry for almost all processing machines and other supporting functions.
The capacitive sensor market in APAC is expected to grow at the highest CAGR during the forecast period. Factors such as rising automotive sales, growing need for automatization in industries, increasing security concerns, and ongoing technological developments in consumer electronics in countries such as India, South Korea and Japan in the APAC region are expected to drive the growth of the market in this region.
Key players in this market are focused on strategic partnerships, collaborations, agreements, and new product launches to increase their revenue. Synaptics Inc. (U.S.) is a leading player in the capacitive sensor market. The company focuses more on organic growth strategies such as new product launches and expansions to sustain in the capacitive sensor market. Its recent product launch was in March 2016; the company launched a family of touch controllers, named S788x, which caters to the safety needs of the automotive market.
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