The global capacitive tactile sensor market was valued at $3.87 billion in 2021 and is projected to reach $10.68 billion by 2031, registering a CAGR of 10.7% from 2022 to 2031. Capacitive tactile sensors distinguish and detect precise points of contact based on electrical impulses from a human body, often from the fingertips.
The growth of the global capacitive tactile sensor market is majorly driven by rising in government initiatives for digitalization, coupled with the rising adoption of touch-based display solutions. Further, an increase in demand for consumer electronics applications is anticipated to drive the growth of the capacitive tactile sensor market. However, the short supply of indium tin oxide, with the lack of availability of skilled workforce acts as a prime restraint of the global market. On the contrary, the surge in industrial applications of touch-based panels and equipment is anticipated to provide lucrative opportunities for the capacitive tactile sensor industry during the forecast period.
The capacitive tactile sensor market is segmented based on type, application, and region. On the basis of type, the market is divided into the surface capacitive tactile sensors and projected capacitive tactile sensors. Based on application, the market is bifurcated into consumer electronics, automotive, industrial, and others. Region-wise, the capacitive tactile sensor market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players that operate in the market include Analog Devices, Inc., Azoteq, Cypress Semiconductor Corporation, Integrated Silicon Solutions, Inc., Microchip Technology, Inc., Micro-Epsilon, NXP Semiconductors N.V., Ohmite Mfg. CO., OMRON Corporation, Renesas Electronics Corporation, ROHM Semiconductor, Semiconductor Components Industries, LLC, Semtech, Silicon Labs, Texas Instruments Incorporated, and 3M.
The growth of the global capacitive tactile sensor market is majorly driven by rising in government initiatives for digitalization, coupled with the rising adoption of touch-based display solutions. Further, an increase in demand for consumer electronics applications is anticipated to drive the growth of the capacitive tactile sensor market. However, the short supply of indium tin oxide, with the lack of availability of skilled workforce acts as a prime restraint of the global market. On the contrary, the surge in industrial applications of touch-based panels and equipment is anticipated to provide lucrative opportunities for the capacitive tactile sensor industry during the forecast period.
The capacitive tactile sensor market is segmented based on type, application, and region. On the basis of type, the market is divided into the surface capacitive tactile sensors and projected capacitive tactile sensors. Based on application, the market is bifurcated into consumer electronics, automotive, industrial, and others. Region-wise, the capacitive tactile sensor market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players that operate in the market include Analog Devices, Inc., Azoteq, Cypress Semiconductor Corporation, Integrated Silicon Solutions, Inc., Microchip Technology, Inc., Micro-Epsilon, NXP Semiconductors N.V., Ohmite Mfg. CO., OMRON Corporation, Renesas Electronics Corporation, ROHM Semiconductor, Semiconductor Components Industries, LLC, Semtech, Silicon Labs, Texas Instruments Incorporated, and 3M.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the capacitive tactile sensor market analysis from 2021 to 2031 to identify the prevailing capacitive tactile sensor market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the capacitive tactile sensor market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global capacitive tactile sensor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Projected Capacitive Tactile Sensor
- Surface Capacitive Tactile Sensor
By Application
- Consumer Eletronics
- Automotive
- Industrial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Analog Devices, Inc.
- Cypress Semiconductor Corporation
- Infineon Technologies AG
- Microchip Technology, Inc.
- Micro-Epsilon
- NXP Semiconductors N.V.
- OMRON Corporation
- Renesas Electronics Corporation
- Schneider Electric
- Texas Instruments Incorporated
- 3M
- ON Semiconductor
- atmel corporation
- ROHM Semiconductor
- ISSI
- Semtech Corp.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CAPACITIVE TACTILE SENSOR MARKET, BY TYPE
CHAPTER 5: CAPACITIVE TACTILE SENSOR MARKET, BY APPLICATION
CHAPTER 6: CAPACITIVE TACTILE SENSOR MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Capacitive Tactile Sensor Market," the capacitive tactile sensor market was valued at $3.87 billion in 2021, and is estimated to reach $10.68 billion by 2031, growing at a CAGR of 10.7% from 2022 to 2031.Capacitive sensing technology detects the presence of a conductive item by detecting the change in capacitance within its projected field. Typically, it is a human finger, although it may be any conductive object with a dielectric other than air. Further, the surge in demand for Internet of Things solutions and industrial automation in emerging economies such as Australia, South Korea, Germany, and France is anticipated to drive the capacitive tactile sensor market size in the coming years.
The growth of the global capacitive tactile sensor market is majorly driven by rising government initiatives for digitalization, coupled with the rising adoption of touch-based display solutions. Further, an increase in demand for consumer electronics applications is anticipated to drive the growth of the capacitive tactile sensor market. However, the short supply of indium tin oxide paired with the lack of availability of a skilled workforce acts as a prime restraint for the global market. On the contrary, the surge in industrial applications of touch-based panels and equipment is anticipated to provide lucrative opportunities for the capacitive tactile sensor industry during the forecast period.
According to the capacitive tactile sensor market analysis, the surface capacitive touch sensor segment was the highest contributor to the market in 2021. The consumer electronics and automotive segments collectively accounted for around 77.9% market share in 2021. The surge in adoption of Internet of Things solutions has led to the growth of the consumer electronics and automotive segments; thereby, enhancing the capacitive tactile sensor market growth.
The outbreak of COVID-19 has significantly impacted the growth of the capacitive tactile sensor market, owing to a significant impact on prime market players. Conversely, a rise in demand for Internet of Things solutions in the consumer electronics sector is anticipated to drive the market post-pandemic. However, the lack of availability of a professional workforce, owing to partial and complete lockdown implemented by governments restrained the growth of the capacitive tactile sensor market. On the contrary, emerging economies significantly witness the need for smart infrastructure solutions, which are expected to boost the capacitive tactile sensor market.
Region-wise, Asia-Pacific holds a significant share in the global capacitive tactile sensor market, owing to the presence of prime players in this region. The adoption of next-generation touch screen multi-display solutions across industrial and consumer electronics sectors is expected to propel the growth of the capacitive tactile sensor industry in this region. Moreover, the surge in demand for smart display solutions in Asia-Pacific countries such as India, South Korea, and Japan is anticipated to drive the capacitive tactile sensor market trends in this region.
The key players profiled in the report include Analog Devices, Inc., Azoteq, Cypress Semiconductor Corporation, Integrated Silicon Solutions, Inc., Microchip Technology, Inc., Micro-Epsilon, NXP Semiconductors N.V., Ohmite Mfg. CO., OMRON Corporation, Renesas Electronics Corporation, ROHM Semiconductor, Semiconductor Components Industries, LLC, Semtech, Silicon Labs, Texas Instruments Incorporated, and 3M. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the capacitive tactile sensor market share
Companies Mentioned
- Analog Devices, Inc.
- Cypress Semiconductor Corporation
- Infineon Technologies AG
- Microchip Technology, Inc.
- Micro-Epsilon
- Nxp Semiconductors N.V.
- Omron Corporation
- Renesas Electronics Corporation
- Schneider Electric
- Texas Instruments Incorporated
- 3M
- On Semiconductor
- Atmel Corporation
- Rohm Semiconductor
- Issi
- Semtech Corp.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 226 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3.87 billion |
| Forecasted Market Value ( USD | $ 10.68 billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
