Capacitive Sensor Market - Growth, Trends, COVID-19 Impact, And Forecasts 2020 - 2027

Overview of the Market

During the projection period of 2021-2027, the capacitive sensors market was valued at USD 25.11 billion in 2020 and is predicted to reach USD 34.50 billion by 2026, with a CAGR of 5.5 percent. In the projected period, the capacitive sensor market will be driven by an increase in application in the consumer electronics industry.

Capacitive sensing technology is rapidly evolving to match current applications' enhanced user interface requirements. One of the key factors driving the expansion of the Capacitive Sensor Market examined is the growing desire for capacitive sensors, which have better durability, sensitivity, and measurement accuracy than resistive or inductive sensors.

The demand for components capable of supplying important data relating to the production process has increased as complicated production systems have become more automated. By sensing the presence and position of metal items, these sensors aid factory process control.

End-users such as consumer, industrial, automotive, and medical are expected to stimulate demand for capacitive sensors by using touchscreen display systems as human-machine interaction. In the healthcare and automotive industries, growing industrial automation of manufacturing processes is likely to boost demand for capacitive sensors.During the projection period, however, challenges linked to indium tin oxide supply shortages are expected to be a hindrance to the market's growth.

Market Trends to Watch

The automotive industry is expected to account for a significant portion of the Capacitive Sensor Market. Because of the increased information exchange between a society and diverse systems in autos, human-machine interface technologies have undergone a paradigm shift. As a result, there has been a boom in demand for capacitive sensors, which are used to develop human-machine interface (HMI) applications including indoor lighting management, navigation control, and so on.

For example, the Japanese government has proposed an ambitious approach for the Tokyo 2020 Summer Olympics: the introduction of a self-driving car force to be utilised as Olympic transportation.

A position sensor, humidity sensor, temperature sensor, and capacitive sensor will all be nested in the automated vehicle. These sensors are employed in the infotainment system, keyless entry, 3D gesture, and interior lighting control, among other applications. The need for various sensors, especially the capacitive sensor, will rise as global car penetration rises.