Market Overview:
An electronic gadget called a capacitive sensor might detect solid or liquid targets without coming into touch with them. Capacitive sensors generate an electrical field from their detecting end to detect these targets. A capacitive sensor can find any target that can interfere with this electrical field. Additionally, liquids like water, oil and paint can be detected using capacitive sensors. A few examples of solid materials that a non-glass capacitive sensor can identify are all varieties of metal, plastic, wood, paper and fabric.
Market Size Growth Rate:
As per the research report by DataM Intelligence, the Global non-glass capacitive sensor market size was valued at USD YY billion in 2021; it is projected to reach USD YY billion by 2029, with growth at a CAGR of 8.8% over the forecast period 2022-2029. Consumer goods like MP3 players, cell phones and other portable gadgets frequently feature capacitive touch sensors. The technology is increasingly used in new applications, including industrial, automotive and domestic appliance applications. The development can be attributed to several factors. Due to its usefulness, robustness and cost-effectiveness, non-glass capacitive sensing will become increasingly common in consumer goods, white goods and industrial applications. Technology and goods are advanced and enable the creation of trustworthy solutions.
Market Drivers:
The growing electronics sector primarily drives the market for non-glass capacitive sensors. Capacitive sensors are widely used in place of mechanical keypads in many touch-screen gadgets. Touch sensors are widely used in the control panels of electrical goods, including washing machines, televisions, collaboration systems (such as web and video conferencing), micro-inverters and equipment controls. Sealing touch sensor control panels makes them impervious to spills and dust. More and more individuals are switching to more accurate, long-lasting and sensitive sensors than inductive or resistive ones. The sensors are continually changing to fulfill the needs of complex user interfaces.
Market Restraints:
Expensive investments would hamper the market's growth in non-glass capacitive sensors throughout the forecast period. The market is estimated to be hindered by the large initial expenditure required to establish integrated systems. Additionally, the consumer must pay more for services since qualified people are needed to deploy the technology. As a result, the technology's rising cost slows the expansion of the market. A further issue for the market is the demand for smaller sensors, which results in smaller and lighter components and equipment.
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Market Opportunities:
The adaptability of capacitive sensors is a key focus for market leaders since it has the potential to generate exciting growth opportunities for the global sensor industry. The use of traditional mechanical keys with restricted functions is essentially being superseded as the popularity of capacitive touch interfaces grows quickly. Finger touches and swipe gestures can manipulate panels with user-friendly designs. Devices created for intricate and highly skilled processes may now be operated with simple finger movements thanks to capacitive touch technology. Non-glass capacitive sensors are adaptable and can be used in various settings. They can pick up items like wood, paper, plastic, ceramic, etc. The flush mounting or protected front of the sensor makes it simple to recognize a capacitive sensor being utilized to detect objects.
COVID-19 Impact Analysis
Some businesses have benefited from the spread of the COVID-19 virus, while others have suffered. According to some assessments, the COVID-19 epidemic will most likely impact the consumer electronics sector. The global non-glass capacitive technology market is anticipated to increase over the forecast period due to the rising demand for mobile devices and smart wearables. Capacitive sensors are used in smart wearables like smartwatches, which are anticipated to drive market growth over the forecast period. Given that these gadgets can monitor the wearer's heart rate or pulse and provide advice on their health and fitness, the demand for smartwatches for sports and fitness is rising.
For instance, the Chinese smartphone maker Realme debuted a new smartwatch in May 2020. Using the new smartwatch, you can see the time, date, weather, steps, heart rate and calories. Additionally, it is anticipated that rising health consciousness will fuel market expansion throughout the projection period. People are prepared to spend money on monitoring tools like smartwatches and smartphones to maintain their health. Samsung released the Samsung Galaxy Watch Active 2 in October 2019 to track heart rate and other medical conditions. Therefore, these elements are anticipated to fuel market growth for non-glass capacitive sensors globally throughout the forecast period.
Market Challenges:
The miniaturization of sensors is a significant obstacle for non-glass capacitive sensors. Force sensors are anticipated to be more compact and thin for various end-user sectors, particularly the medical sector. The sensors must be smaller as electronic gadgets and equipment become more portable. However, the miniaturization of the sensors is fraught with difficulties that may ultimately prevent their widespread application in various user industries. To reduce the size of the sensor, many components must be made smaller. Technical and financial issues result in large expenses to enable various functionalities in a small sensor. To respond to the shifting market needs, the development of small sensors thus requires extensive R&D efforts from stakeholders.
Recent Developments in the Industry:
Market Segmentation:
As per the research analysis, the global non-glass capacitive sensor market is segmented by application into consumers, commercial and others. By technology into a surface capacitance and projected capacitance.
Geographical Classification:
According to the report, the global non-glass capacitive sensor market is divided into major regions, i.e., North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Global Non-Glass Capacitive Sensor Market:
Over the projected period, the demand for capacitive sensors is anticipated to soar due to the rapidly expanding use of smartphones and tablets. For the semiconductor industry, the market for capacitive sensors on non-glass surfaces represents a new and revolutionary direction. Innovative technologies and the developed electronics industry in Asia-Pacific have provided local businesses a competitive edge in the market under review.
China Non-Glass Capacitive Sensor Market: China will dominate the non-glass capacitive sensor market in 2021. The demand for touch-screen devices from smartphone manufacturers like Samsung Electronics Co., Ltd. and XIAOMI Corporation increases along with the use of smartphones. Government-sponsored ongoing R&D initiatives fuel regional market expansion. For example, China's NDRC- National Development and Reform Commission provided US$100 million in March 2016 to create capacitive touch sensors for the medical sector.
India Non-Glass Capacitive Sensor Market: The expansion of the non-glass capacitive sensors market is primarily due to the increasing demand for capacitive sensors across various industrial applications, including manufacturing and automotive. Capacity sensors are used to develop Human-Machine Interface (HMI) applications, such as illumination and navigation control. The region is expanding due to numerous governments encouraging sensors in driverless vehicles.
Japan Non-Glass Capacitive Sensor Market: The healthcare-related product development goal of Japanese research institutions like the Japan International Cooperation Agency Research Institute. It will create demand for non-glass capacitive sensors in the healthcare sector.
Australia Non-Glass Capacitive Sensor Market: Significant expansion in the consumer electronics industry worldwide, combined with increasing automation of complicated production processes, is one of the primary reasons driving the region’s market forward.
Competitive Analysis:
The key players are adopting various growth strategies such as product launches, innovative technologies, acquisitions and collaborations, contributing to the global non-glass capacitive sensor market growth. For instance, in November 2020, Canatu Carbon Nanotube (CNT) unveiled an electrochemical sensor to quickly identify medicines in blood, saliva and urine. The innovative Canatu CNT-based point-of-care (POC) testing, created due to the Fast Electrochemical Point-of-Care Diagnostics FEDOC project, offers caregivers quick detection at a lower cost and portability. The sensor may be used in various contexts thanks to its tiny size, cutting down on time from hours to minutes. Clinical samples from Helsinki University Hospital are being used to test the sensor.
Major Companies:
Major market players contributing to the expansion include Apple Inc., Cambrios Technologies Corporation, BASF SE, Canatu Ltd., Evonik Industries AG., General Electric Co., GT Advanced Technologies Inc., ILJIN Display Co. Ltd., Rubicon Technology Inc. and TPK Holdings Co. Ltd.
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