Capacitive sensors market size worth $40bn by 2026
The worldwide capacitive sensors market is anticipated to reach around $40bn by 2026 according to a new research published by Polaris Market Research. In 2017, the consumer electronics segment dominated the global market, in terms of revenue.
In 2017, Asia-Pacific accounted for the majority share in the global Capacitive Sensors market. Capacitive Sensors Market Is Expected to Reach $40bn in 2026.
The demand for capacitive sensors has increased owing to rising demand for consumer electronics, growing demand for vehicles from emerging economies, and modernization of vehicles. The rising use of capacitive sensors in consumer devices, and growing demand from healthcare sector has resulted in the capacitive sensors market growth.
The rising adoption of touch screen displays, and connected devices has increased the demand for capacitive sensors across the globe. The growing implementation of scratch-resistant non-glass surfaces, and miniaturization of sensors further accelerates the adoption of capacitive sensors.
Growing demand from emerging economies, development of smart devices, increasing adoption of IoT, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
In 2017, Asia-Pacific accounted for the highest share in the global Capacitive Sensors market. The primary factors driving the Capacitive Sensors market growth in the region include established automotive industry, rising demand for consumer electronics, technological advancements, and high investment in R&D.
The economic growth in countries such as China, Japan, and India, increasing development of smart technologies, and rising disposable income of consumers further increases the demand of Capacitive Sensors in the region.
The leading companies profiled in the Capacitive Sensors Market report include Infineon Technologies, NXP Semiconductors, Texas Instruments, 3M Company, Fujitsu, Cypress Semiconductor, Analog Devices, TPK Holding, Siemens, and STMicroelectronics.
These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.