A market research analysis of the global CP sensor for consumer applications market and segmentation by application (wearables, tablets and laptops, and smartphones) and by geography (APAC, North America, Europe, and ROW). The report also includes the major drivers influencing the growth of the market and a corresponding detailed analysis of the key vendors such as EPCOS, Freescale Semiconductor, Murata Electronics, Sensirion, and STMicroelectronics.
Technavio’s market research analysts estimate the global CP sensor for consumer applications market to grow at a CAGR of around 21% between 2016 and 2020. Capacitive sensors are in high demand from the smartphone and tablet segments, as they offer better accuracy and sensitivity than resistive sensing technology. APAC dominates the global market for CP sensors for consumer applications, accounting for 40% of the overall market share. The high level of industrialization, lower cost of operations, cheaper land for initiating foundries and manufacturing units, growing middle class, and increasing population in this region are factors contributing to the growth of the capacitive pressure sensors market.
The new market research report from Technavio provides a breakdown and analysis of the CP sensors for consumer application segments by technology.
“Of late, the original equipment manufacturers (OEMs) in the market are introducing innovative products with improved features. With various technological advancements, the accuracy of CP sensors has increased, which helps reduce energy and space consumption for end-users. Pressure sensors have become smaller, cheaper, and more energy-efficient, increasing its usage in portable devices and other appliances,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Smartphones are the largest revenue contributor to the global CP sensor for consumer applications market, accounting for 75% of the overall market revenue. Reduction in sizes and better performance due to advanced manufacturing methods such as micromachining have helped pressure sensors in their adoption in smartphones. CP sensors play a crucial role in smartphones as the performance of the touch, camera, and proximity sensors in a smartphone is highly dependent on the effectiveness of the inbuilt capacitive sensors.
The key vendors in the global CP sensor for consumer applications market include EPCOS, Freescale Semiconductor, Murata Electronics, Sensirion, and STMicroelectronics. The market is highly competitive with several vendors striving to increase their market share. The market is characterized by rapid technological advances, with increasing demand for small-sized and high-powered capacitive pressure sensors from consumer electronics manufacturers, especially smartphone manufacturers.
A more detailed analysis is available in the Technavio report, Global CP Sensor for Consumer Applications Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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