Key Market Overview:
Capacitive sensors market size was valued at USD 27.6 Billion in 2022 and is estimated to exceed USD 41.05 Billion by 2030, registering a CAGR of 5.3% during the forecast period (2023-2030).
Capacitive sensors are versatile devices that detect a wide range of materials, including both metallic and non-metallic substances, as well as transparent and opaque ones. They are also used to detect both liquids and solids without the need for physical contact. As a result, the capacitive sensors are widely used in various industrial applications. One of their significant advantages is their ability to penetrate non-conductive materials, making them ideal for measuring filling levels. These sensors are installed outside a container to detect the level of its contents without the risk of contamination or damage from aggressive media.
Further, the emergence Industry 4.0 is expected to create favorable circumstances for the adoption of capacitive sensors in various smart applications due to increased focus on connected devices. For instance, according to IoT Analytics 2019 study, a quarter of Industry 4.0 use cases were already extensively implemented by global enterprises. As of 2022, Industry 4.0 adoption has progressed even further, with a majority of companies already initiating their Smart Factory/Industry 4.0 strategy. Among those surveyed by IoT Analytics, over 72% have either commenced their plans or completed their implementation. Thus, high focus on adoption of such Industry 4.0 concepts is anticipated to offer creative opportunities for capacitive sensors or even capacitive sensing technology during the forecast period.
Capacitive Sensors Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||41.05 Billion|
|CAGR (2022-2030)||5.3 %|
|By Type||Touch Sensors, Pressure Sensors, Motion Sensors, Others|
|By Mounting||Flush-Mountable Procedure, Non-Flush Mounting Procedure|
|By Housing||Metal, Plastic|
|By Application||Machine Tools, Graphic Machinery, Packaging Machinery, Installation/Handling, Medical Devices, Laboratory Automation|
|By End Use Industry||Automotive Industry, Food and Beverage Industry, Pharmaceutical Industry, Consumer Electronics Industry, Other End Use Industries|
|By Geography||Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] |
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
|Key Players||Baumer Group, Texas Instruments, Balluff Automation India Pvt. Ltd., Carlo Gavazzi, Fargo Controls Inc., TE Connectivity Ltd., Hans Turck GmbH & Co. KG, OMRON Corporation, Infineon Technologies AG, STMicroelectronics International N.V.|
Increased demand for touch interactive screens in consumer electronics such as smartphones, tablets, and laptops boosts the market growth in terms of superior touch sensitivity and accuracy. Further, rising adoption of automation in various industries, such as manufacturing and automotive, is also driving the demand for capacitive sensors. Such sensors are used in automated systems to detect the presence or absence of objects, measure distances, and control robotic movements. Moreover, continuous advancements in capacitive sensor technology, such as the development of multi-touch capacitive sensors and the use of flexible and transparent materials, also boosts the market. Such advancements have led to the development of new applications and use cases for capacitive sensors, such as in flexible displays and curved touchscreens.
One of the significant factors that limit the growth of the capacitive sensor market is the high cost associated with the manufacturing process. Capacitive sensors require specialized manufacturing techniques and materials, which makes them relatively expensive as compared to other types of sensors. As a result, some industries could be reluctant to adopt capacitive sensors due to their high cost, especially in price-sensitive markets. Moreover, capacitive sensors are also more technically complex as compared to other types of sensors, such as resistive or inductive sensors, restricting the market growth.
Growing adoption of the Internet of Things (IoT) and Industry 4.0 is expected to offer lucrative opportunities especially for smart capacitive sensors in various industries. The capacitive sensors could be used in IoT devices for applications such as proximity sensing, temperature sensing, and pressure sensing. With increased production of connected devices by emerging businesses, the demand for smart sensors is anticipated to witness growth, propelling the capacitive sensors market growth.
For instance, from 2011 to 2021, there was a significant increase of 319% in the annual funding for start-ups involved in Industry 4.0. In 2021 alone, such start-ups received a total funding of USD 2.2 billion for developing technology related to Industry 4.0. Over the 11-year period, around 2,513 deals announced by such emerging companies.
Capacitive Sensors Market Segmentation:
The type segment is divided into touch sensors, pressure sensors, motion sensors, others. The touch sensors segment accounted for highest share contribution to the market growth in 2022. Integrating capacitive touch technology into a new product design can be achieved in various ways. One of the simplest and cost-effective methods involves laminating a printed conductive layer to the underside of the touch surface and connecting the layer to a touch microcontroller. This technology is not limited to flat surfaces, as thin and flexible circuits could conform to different shapes and geometries, that results in fit touch-sensitive surfaces within areas that were previously impossible with traditional switches. Additionally, by using insert molding or over-molding techniques, touch-sensitive surfaces can be encapsulated in injection-molded plastics, providing protection and simplifying the final integration process. Further, motion sensors segment is estimated to register fastest CAGR during the forecast period in terms of volume due to large demand for measuring linear motions in several seismometers, tiltmeters, and micrometers.
The mounting segment is separated into flush-mountable procedure, non-flush mounting procedure. The flush-mountable procedure contributed largest shares to the market growth in 2022 in terms of revenue. When it comes to level sensing applications, capacitive sensors could be installed in two distinct ways, which depend on the material of both the target and container wall. Mounting a capacitive sensor flush against a non-metallic wall is a preferable method as it enables the non-invasive detection of the target material through the container wall. Further, non-flush mounting procedure is expected to support the market growth in terms of volume. Increased usage of non-flush mountable sensors for longest sensing distance range is anticipated to support the segmental growth.
The housing segment is bifurcated into metal, and plastic. The metal segment accounted for highest market share in 2022. The usage of metals as housing material for capacitive sensors is for increased mechanical protection and reduced sensitivity to interferences. Thus, such usage of capacitive sensors with metal housing witness large numbers of applications with increased requirement for high impermeability and specific chemical resistance. Furthermore, plastic segment is also projected to contribute substantial shares to the market growth during the forecast period. High usage of heat-resistant PPS (polyphenylensulfide) to tolerate ambient temperatures that exceed 150˚C is anticipated to support the segmental growth in terms of increased demand for vacuum encapsulated electronics with casting resins.
The application segment comprises of machine tools, graphic machinery, packaging machinery, installation/handling, medical devices, laboratory automation. The installation/handling segment contributed highest shares to the market growth in 2022. During installation of turbines, the centrifugal forces exerted on the turbine blades result in the expansion of the blades. Capacitive transducers help detecting any changes in nanometer range to provide important data for FEM analysis in terms of designing and construction of turbine blades for no imbalances in overall turbine system, reflecting on increased focus on automation for system assembly.
For instance, according to the report published by IFR International Federation of Robotics in 2020, a record of over 2.7 million industrial robots functioning in factories around the globe witnessed an increase of over 12% as a result of automation. Thus, the capacitive sensors play a crucial role for adoption of automated installation/handling applications in manufacturing facilities.
By End Use Industry
The end use industry segment includes automotive industry, food and beverage industry, pharmaceutical industry, consumer electronics industry, other end use industries. The consumer electronics industry is expected to contribute significant shares to the market growth during the forecast period. Capacitive sensing has gained popularity as a substitute for switches and knobs in various applications such as front panel displays and consumer electronics.
For instance, the iPod follows this trend of utilizing capacitive sensing to provide a more adaptable and user-friendly interface as compared to traditional buttons, further boosting the segmental growth. Moreover, the automotive industry is estimated to support the capacitive sensors market statistics during the forecast period in terms of revenue and volume. The increased demand for capacitive sensors in dedicated 24-bit DSPs find major high-end applications, such as a noise-cancellation system and an automotive near-obstacle detection system. Such high demand in automotive applications is expected to boost the segmental growth.
The regional segment includes North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America led the capacitive sensors market statistics in 2022 with highest market share. Growing expenditures on AI and IoT adoption in various industries is the major factor that supports the demand for capacitive sensors in established industries in North American region.
Also, Asia Pacific is expected to register fastest CAGR during the forecast period in terms of revenue and volume. Growing adoption of technologies and robot automation in several manufacturing facilities located in Asia Pacific region is anticipated to propel the demand for capacitive sensors in this region.
For instance, according to IFR International Federation of Robotics, Asia and Australia witnessed an increased demand for automation units with installations of over 33%, reaching a total of 354,500 units.
Capacitive Sensors Market Competitive Landscape:
The market for Capacitive Sensors is expected to witness significant growth in the coming years due to increasing demand for biologics and the development of new and advanced technologies for Capacitive Sensors. Several market players focus on introducing products with increased technological advancements along with strategic mergers and acquisitions to cater the growing needs of healthcare. Mentioned are market players that operate in the latest market circumstances–
• Baumer Group
• Texas Instruments
• Balluff Automation India Pvt. Ltd.
• Carlo Gavazzi
• Fargo Controls Inc.
• TE Connectivity Ltd.
• Hans Turck GmbH & Co. KG
• OMRON Corporation
• Infineon Technologies AG
• STMicroelectronics International N.V.
• In February 2023, TE Connectivity formed a partnership with Preddio Technologies to improve equipment monitoring and efficiency across various operations. By combining Preddios wireless technology and cloud-based analytics with TEs low-power sensors, businesses of all sizes have the opportunity to prevent issues before occurrence and optimize their equipment performance.
• In December 2022, TE Connectivity, a prominent player in connectivity and sensors, developed the PicoMQS miniaturized automotive connector system to meet the demand for compact signal interfaces and fulfill automotive-grade durability standards. Such connector system is expected to deliver top-notch performance, require minimal packaging, and are easy to manufacture. The PicoMQS connector system is specifically designed for demanding automotive applications characterized by high levels of vibration and temperature.
• In February 2022, STMicroelectronics introduced two latest high-side switches, namely the IPS2050H and the IPS2050H-32, which enable smart driving of capacitive loads with high startup current. These switches offer the flexibility of programming two current-limit values to address this requirement.