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 size, in terms volume, is estimated to register a shipment of 21.14 billion units by 2022, at a CAGR of 9.3% during the forecast period. Factors such as rising consumer electronics industry across the world, growing trend of miniaturization of sensors, and increasing use of scratch-resistant non-glass surfaces are driving the growth of the capacitive sensor market.
The market for capacitive position sensors is estimated to grow at a significant pace during the forecast period. The capacitive touch sensor is at its maturity stage; currently, there is a growing demand for capacitive touch sensors across the world. Capacitive touch sensors are mostly preferred in majority of the consumer electronics products such as multi touchscreens, touchpads, sliders, TV controls, smartphones, multi-media players, tablets, kiosks, and gaming consoles among others.
The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The growth can be attributed to the rising automotive sales, growing need for automatization in industries, increasing security concerns, and ongoing technological developments in consumer electronics in countries, such as India, South Korea, and Japan, in the APAC region.