Capacitive Sensors Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The capacitive sensors market was valued at USD 26.68 billion in 2021, and it is expected to reach USD 36.50 billion by 2027, registering a CAGR of 5.24% from 2022 to 2027. Capacitive sensing technology is witnessing swift developments to meet the advanced user interface requirements of modern applications. The increasing preference for capacitive sensors, due to their exceptional durability, superior sensitivity, and higher measurement accuracy than resistive or inductive sensors, is one of the primary factors driving the growth of the market studied.
Key HighlightsThe major players in the capacitive sensors market are Cypress Semiconductor, STMicroelectronics, NXP Semiconductors, Analog Devices, 3M Company, Omron Corporation, and Siemens AG, among others. The market is fragmented due to the presence of several players that continuously strive to gain a competitive edge in the market. Therefore, the market concentration will be low.
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