Capacitive Sensor Market - Forecasts from 2018 to 2023
Capacitive sensor market was valued at US$18.472 billion in 2017 and is projected to expand at a CAGR of 7.88% over the forecast period to reach US$29.117 billion by 2023. Rising manufacturing of automotive is one of the major drivers of capacitive sensor market. Increasing demand smartphones and gaming consoles worldwide is fueling the demand for capacitive touch displays, thus positively impacting the demand for capacitive sensors. Growing robotics industry will further bolster the growth of capacitive sensor market in the coming years. Geographically, APAC will witness the fastest regional market growth during the forecast period owing to booming consumer electronics industry in countries like China and India coupled with growing adoption of automation process across various end-use industries.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the capacitive sensor value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the capacitive sensor market.
Major industry players profiled as part of the report are OMRON Corporation, Texas Instruments Incorporated, NXP Semiconductors, Capacitec, Inc., Analog Devices, Inc, and ELK Corporation among others.
Capacitive sensor market has been analyzed through following segments:
Object Detection Sensors
Level Detection Sensors
By Industry Vertical
Aerospace and Defense
Middle East and Africa