[August 08, 2018]

The Global Market for Capacitive Sensors 2018-2023 - Major Drivers are Rising Manufacturing of Automotives/Increasing Demand of Smartphones & Gaming Consoles/Growing Robotics Industry - ResearchAndMarkets.com

The "Capacitive Sensor Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

Capacitive sensor market was valued at US$18.472 billion in 2017 and is projected to expand at a CAGR of 7.88% over the forecast period to reach US$29.117 billion by 2023.

Rising manufacturing of automotives is one of the major drivers of capacitive sensor market. Increasing demand of smartphones and gaming consoles worldwide is fueling the demand for capacitive touch displays, thus positively impacting the demand for capacitive sensors. Growing robotics industry will further bolster the growth of capacitive sensor market in the coming years.

Geographically, APAC will witness the fastest regional market growth during the forecast period owing to booming consumer electronics industry in countries like China and India coupled with growing adoption of automation process across various end-use industries.

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