HOME Research Insight The Demand for Capacitive Sensor Market is increasing Because of the Tremendous Growth On account of Rising Automotive Sales



The Demand for Capacitive Sensor Market is increasing Because of the Tremendous Growth On account of Rising Automotive Sales


The demand for capacitive sensors is increasing because of the tremendous growth on account of rising automotive sales, growing need for automatization in industries, increasing security concerns, and ongoing technological developments in consumer electronics. The capacitive sensor market is estimated to reach USD 31.79 Billion by 2022, at a CAGR of 5.4% during the forecast period. The capacitive sensor market, in terms of volume, is estimated to register a shipment of 21.14 Billion units by 2022, at a CAGR of 9.3% during the forecast period. APAC and the Americas are the major regions where capacitive sensors are witnessing maximum demand. Countries such as Japan, India, South Korea, and China are also driving the market for capacitive sensors in APAC. Some of the major players in the capacitive sensor market include Synaptics Inc. (U.S.), Microchip Technology, Inc. (U.S.), Cypress Semiconductor Corp. (U.S.), and STMicroelectronics N.V. (Switzerland) among others.

Top 2 Players in the Capacitive Sensor Market:

Synaptics Inc. (U.S.) held the leading position in the capacitive sensor market in 2015. The company focuses more on organic growth strategies such as new product launches and expansions to sustain in the capacitive sensor market. Its recent product launch was in March 2016; the company launched a family of touch controllers, named S788x, which caters to the safety needs of the automotive market. The touch controllers can detect proximity and input from users wearing gloves or with moisture present on their screen and fingertips. Apart from new product launches, the company has also been entering into collaborations. For instance, in February 2016, Synaptics collaborated with Valeo (U.S.) to develop an automotive touchscreen that combines capacitive touch, the ClearForce sensing technology, and haptic feedback.

Microchip Technology, Inc. (U.S.) ranked second in the capacitive sensor market in 2015. The company focuses on new product developments and launches to remain competitive in the capacitive sensor market. In March 2016, it announced the launch of temperature sensor ICs in its MCP990X family of system management bus (SMBus). These ICs help in monitoring temperature in outdoor and industrial low-temperature applications, ranging from freezers and refrigerators to base stations and remote radio units. Apart from following organic growth strategies, Microchip also focuses on strategic acquisitions & mergers. For instance, in April 2016, Microchip Technology completed the acquisition of Atmel Corp. (U.S.) for around USD 3.6 Billion.

The stakeholders involved in the value chain of this market include raw material suppliers, electronic design automation & design tool (EDA) vendors, fabrication, wafer & foundry process equipment vendors, integrated device manufacturers (IDMs), fabless vendors, fabrication players, intellectual property vendors, original device manufacturers (ODMs), original equipment manufacturers (OEMs), assembly, testing, & packaging vendors and, sensors chip traders & distributors among others.

Related Reports:

Capacitive Sensor Market by Sensor Type (Touch Sensor (Displays & Input Devices), Motion Sensor (Accelerometer, Gyroscope & Magnetometer), Position Sensor (Displacement & Proximity Sensor)), Industry, and Geography - Global Forecast to 2022

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