According to the recent study the capacitive sensor market is projected to reach an estimated $21.4 billion by 2028 from $16.5 billion in 2023, at a CAGR of 6.5% from 2023 to 2028. Growth in this market is primarily driven by growing trend for automation of complicated manufacturing processes and increasing integration of capacitive sensor in consumer electronics, such as touch screens, tablets, and gaming consoles.
A more than 150-page report is developed to Understand trends, opportunities and forecast in capacitive sensor market by product type (touch sensor, motion sensor, position sensor, and others), end use industry (consumer electronics, food & beverages, oil & gas, healthcare, automotive, aerospace & defense, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Touch sensor market is expected to remain the largest segment during the forecast period.”
Based on product type, the capacitive sensor market is segmented into touch sensors and displays & input devices. Lucintel forecasts that the touch sensor market is expected to remain the largest segment due to the growing demand for touch screen based devices among consumers and rising application of capacitive sensors in the control panel of electronic products.
“Within the capacitive sensor market, the consumer electronics segment is expected to remain the largest end use industry”
Based on end use industry the consumer electronics segment is expected to witness the highest growth over the forecast period due to growing demand for multi touchscreens, touchpads, sliders, tablets, kiosks, and gaming consoles, among others.
“Asia pacific will dominate the capacitive sensor market in near future”
Asia Pacific will remain the largest region due to the growing need of automation in industries and rising adoption of smartphones in countries like Japan, India, and South Korea.
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Major players of capacitive sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Analog Devices, Inc, Infineon Technologies AG, Microchip Technology, Inc, and Micro-Epsilon are among the major capacitive sensor providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/capacitive-sensor-market.aspx or [email protected]