Capacitive Sensors Market Is Expected to Reach $17.89 Billion by 2018 - New Report by MarketsandMarkets
(PRWEB) August 09, 2014 -- According to a new market research report of “Global Capacitive Sensors Market - By - Sensing Applications (Touch, Motion, Pressure, Proximity); Devices (Touchpad, Buttons, Slider, Screens); Verticals (Factory Automation, Medical, Consumer Electronics, Automotive), 2013–2018” published by MarketsandMarkets is expected to grow at a CAGR of 15% from 2013 to 2018 and reach $17.89 billion in 2018.
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The capacitive sensor is one of the booming sensing technologies in the sensors industry. Capacitive sensors are continuously replacing other sensors in different applications that are used in various industry verticals. The report covers all the major applications of the capacitive sensors; namely touch sensing, motion sensing, position sensing, and capacity measurement applications.
Global capacitive sensors market is expected to reach $17.89 billion by 2018, at an estimated CAGR of 15% from 2013 to 2018. The figure below shows the trend in the overall capacitive sensors market in the next five years. The major factors driving the market are increasing demand for capacitive sensing devices like smartphones, tablets, and various other devices in the consumer electronics sector. Capacitive sensors are continuously replacing the resistive sensors in most of the applications, and it can be projected that by 2018 capacitive sensors will hold 85% of the sensing technology market. The continuous demand for all-in-one PCs is another driving factor for the capacitive sensors market and the impact of this driver is bound to increase in the years to come.
There are various factors that are considered to be the threats for the capacitive sensors market like upcoming technologies with low cost like gesture recognition, which is considered to have a high impact on the market in the years to come. The drivers and restraints, along with the impact analysis are discussed in detail in the report.
The overall capacitive sensors market is segmented into three major segments; namely application, industry verticals, and geography. All the major segments are further segmented into sub segments, and all the segments and sub segments are separately described in the report. Application is the major segment as all the major sensing applications are covered in the report, which are then classified into different industry verticals. Geography-wise, segmentation is also done for capacitive sensors’ market. Geography is segmented into four major regions, namely North America, Europe, APAC, and Rest of the World (ROW). Each region is segmented among the major countries also.
The major applications covered in the report are capacitive touch sensing, capacitive motion sensing, capacitive position sensing, and capacitive sensing for capacity measurement applications. The split of different capacitive sensing applications on the basis of different geographical regions and different industry verticals is also included in the report. Capacitive touch sensing is the major application that holds 60% of the overall market and is expected to grow at a CAGR of 15.50 from 2013 to 2018.
In different industry verticals, different capacitive sensing applications are used. The report also covers the major industry verticals like consumer electronics sector and non-consumer electronics sector. The non-consumer electronics sector is further segmented into commercial and factory automation industry. The sub-segments of each and every sector are also described in the report. Capacitive sensors are penetrating in the overall market of level sensors, flow sensors, and position sensors. The penetration rates of the capacitive sensors, along with the total available market for each application, are discussed in the report.
The smartphones and tablets market is expected to boost up the sales of the Capacitive/Touch Sensors Market in the present sensors industry. Reducing the price of other similar technologies like gesture recognition, is expected to be a major threat for the capacitive sensors market. Various other drivers, restraints, and opportunities for the capacitive sensors market are also described in details in the report. The market for capacitive sensors is expected to show a linear growth in the subsequent five years because of the continuous technological advancements and improvements in the features of capacitive sensors.
Geographical split for every application is included in the report as the market share of different applications of capacitive sensors varies from one region to another. Food & beverages, pharmaceuticals, petroleum, oil & gas are some of the major industries which are expected to take a hit in the capacitive sensors market in the coming years.
This report describes the overall market into four major geographical segments, namely, North America, Europe, Asia Pacific, and ROW. All the four major regions are further segmented into the major countries. Asia Pacific is the market leader in the overall capacitive sensors market; followed by North America and Europe. In ROW, Middle East, and Africa are the largest contributors.
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