Global Capacitive Tactile Sensor Market Size, Share & Industry Trends Analysis Report By Application (Consumer Electronics, Automotive, Industrial and Others), By Type (Surface and Projected), By Regional Outlook and Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Capacitive Tactile Sensor Market
Market Report Description
The Global Capacitive Tactile Sensor Market size is expected to reach $6.4 billion by 2028, rising at a market growth of 9.8% CAGR during the forecast period.
By detecting the change in capacitance within its projected field, capacitive sensing technology may identify the presence of a conductive object. However, it might be any conductive object with a dielectric other than air, but, generally it is a human finger. There is a huge spike in demand for Internet of Things (IoT) solutions and industrial automation in developing nations like South Korea, Australia, Germany, and France.
With the rising investments by major players in certain regions, numerous market players are introducing latest products with advanced features in the region. There is an increasing adoption of touch-based display technologies along with increased government initiatives for digitalization, and the boom in industrial applications of touch-based panels and equipment. Rising consumer Electronics application demand is leading to higher adoption of capacitive tactile sensors.
The sensor consists of an electronic driver that transforms oscillation variations into voltage, an electronic device that displays and records the voltage change, and a probe that measures the target's distance. It is frequently used for the detection and monitoring of location, proximity, and acceleration in tablets, mobile phones, computers, track pads, cars, and aerospace components. Compared to conventional resistive or inductive sensors, capacitive sensors are more robust, and sensitive, and provide more accurate data.
Significant worldwide consumer Electronics sector expansion, as well as greater automation of challenging production processes, are the main factors that positively impact the market. By identifying the presence and placement of unwanted metal objects, capacitive tactile sensors, which are frequently found in smartphones, laptops, and gaming consoles, assist process control in manufacturing units.
COVID-19 Impact Analysis
The COVID-19 outbreak has affected all the industries across the globe in either a positive or negative manner. Due to a major impact on key actors in the supply chain, the COVID-19 pandemic has had a significant impact on the growth of capacitive tactile sensor solutions in 2020. However, one of the key reasons driving the capacitive tactile sensor market prediction during the COVID-19 pandemic is the increase in demand for Internet of Things (IoT) solutions across key industries. Furthermore, the market opportunity for capacitive tactile sensors after COVID-19 is anticipated to be strengthened by the spike in demand for Internet of Things-based touch solutions across the industrial and automotive industries.
Market Growth Factors
Rapid Development Of The Automotive Sector
The automated vehicle has nested position, capacitive, humidity, temperature, and sensor components. The infotainment system, keyless entry, 3D gesture, and interior lighting control all make use of these sensors. As the number of vehicles on the road increases worldwide, the market for various sensors, in particular the capacitive tactile sensor, is expected to grow during the forecasted period. These sensors, for instance, can identify things that are in the way of a car that is reversing and can sound an alarm to alert the driver.
The Rise In Consumer Electronics Demand
Major Smartphone makers like Samsung employ capacitive touch sensors in their products. The launch of 5G goods & services, as well as an increase in demand in developing nations like India, Indonesia, and Russia, are anticipated to contribute to the swift expansion of the worldwide smartphone industry. Researchers are exploring unique uses in addition to the conventional ones found in touchpads and tablets. Due to the increasing use of touch panels in consumer Electronics applications like smartphones, laptops, tablets, ATMs, office equipment, automated doors, lamps, smart TVs, automatic electronic devices, electronic security systems, elevators, etc., tactile sensors are expected to experience rapid growth in the coming years.
Market Restraining Factors
These Sensors Aren't Scales
Both capacitive and resistive tactile sensors have problems with long-term loading. However, capacitive sensors are frequently created using a material that is similar to silicone elastic. Therefore, the material between the two electrodes may creep when weight is applied to the pressure sensor. Even while the load itself doesn't change over time, this can lead to extremely minor changes in sensor output. It is usually not a problem that capacitive sensors aren't really designed for weight measurement applications. However, some applications do call for a load cell's stability.
Based on type, the capacitive tactile sensor market is segmented into projected and surface. In 2021, the surface segment held the largest revenue share in capacitive tactile sensor market. Large-screen monitors can use surface capacitive technology. Light touches can trigger a surface capacitive sensor's response, and no physical force is necessary for detection. Given that the structure is made entirely of glass, visibility is excellent. Since surface capacitive is built of a single glass sheet, it is structurally robust.
On the basis of application, the capacitive tactile sensor market is fragmented into consumer Electronics, automotive, industrial and others. The automotive segment covered a significant revenue share in the capacitive tactile sensors market in 2021. Due to the growing information exchange between social and different systems in cars, human-machine interface technologies have undergone a paradigm shift. Owing to its use in human-machine interface (HMI) applications including interior illumination control and navigation control, the demand for capacitive sensors has increased as a result.
|Market size value in 2021||USD 3.4 Billion|
|Market size forecast in 2028||USD 6.4 Billion|
|Historical Period||2018 to 2020|
|Forecast Period||2022 to 2028|
|Revenue Growth Rate||CAGR of 9.8% from 2022 to 2028|
|Number of Pages||169|
|Number of Tables||260|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Type, Application, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Region wise, the capacitive tactile sensor market analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2021, the Asia Pacific region led the capacitive tactile sensors market with the maximum revenue share. The industrial and consumer Electronics sectors' adoption of next-generation touch screen multi-display solutions is anticipated to fuel the growth of the regional capacitive tactile sensor market.
Free Valuable Insights: Global Capacitive Tactile Sensor Market size to reach USD 6.4 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Texas Instruments, Inc., Analog Devices, Inc., Omron Corporation, NXP Semiconductors N.V., Infineon Technologies AG, ON Semiconductor Corporation, Rohm Semiconductors Co., Ltd., Microchip Technology, Inc., and Renesas Electronics Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Consumer Electronics
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Schneider Electric SE
- Texas Instruments, Inc.
- Analog Devices, Inc.
- Omron Corporation
- NXP Semiconductors N.V.
- Infineon Technologies AG
- ON Semiconductor Corporation
- Rohm Semiconductors Co., Ltd.
- Microchip Technology, Inc.
- Renesas Electronics Corporation
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