The global market for capacitive sensors will be worth $17.89 billion in 2018, MarketsandMarkets projects in a report published at the start of this week.
According to the research services provider, the market will grow at a compound annual rate of 15% between 2013 and 2018. The report examines the global capacitive sensors market by sensing applications, devices and verticals. The first category covers touch, motion, pressure and proximity sensing applications. The devices portion focuses on touchpad, buttons, slider and screens, while the industry verticals category deals with factory automation, medical, consumer electronics and automotive. According to the publication, the Asia-Pacific ranks first among regions in terms of contribution to the worldwide capacitive sensors market, with North America and Europe coming next in the table. As for the rest of the world, the Middle East and Africa hold the leading positions.
MarketsandMarkets notes that the capacitive sensor segment is among those flourishing in the sensors industry. Capacitive sensors are steadily taking the place of other sensors in various applications utilised across different industry verticals. Smartphones and tablets are having a significant impact on the capacitive touch sensors market and are expected to be a major driver of sales growth. The overall sensors market is forecast to deliver linear growth in the five years ahead as a result of ongoing technological advances and improvements in capacitive sensor features. However, MarketsandMarkets also points to certain factors that could hold back the market, one of them being the declining price of similar technologies, for example gesture recognition.
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