Market Research Reports, Inc. has announced the addition of “Global CP Sensor for Consumer Applications Market 2016-2020” research report to their website www.MarketResearchReports.com
Lewes, DE -- (SBWIRE) -- 12/10/2015 -- Market outlook of the CP sensors for consumer applications
Capacitive pressure (CP) sensors are of huge demand, especially in smartphones and tablets as these sensors almost eliminate the problem of wear and tear in devices compared to mechanical input devices. Shipments of smartphones and tablets have grown rapidly worldwide between 2009 and 2014. For instance, unit shipments of smartphones increased to 1.3 billion during 2014 and as for tablets, almost 233 million units were shipped during 2014. Smartphone manufacturers such as Samsung embed capacitive touch sensors in touch screens as an input mechanism for their devices. This growing adoption of smartphones and tablets is a major factor propelling the growth of the global CP sensors for consumer applications market. As a result, the global CP sensor for consumer applications market is projected to grow steadily at a CAGR of close to 21% during the forecast period.
The implementation of innovative pressure sensors is another major driver that is expected to boost the market growth during the forecast period. Original equipment manufacturers (OEMs) in the global CP sensor for consumer applications market are bringing out products with improved features and launching innovative products on a regular basis. The accuracy of CP sensors has increased with technological advances, which help reduce energy and space consumption for end-users. Pressure sensors have become smaller, cheaper, and more energy-efficient and hence, it led to greater use of these sensors in portable devices and other appliances.
Application segmentation and analysis of the CP sensors for consumer applications
- Tablets and laptops
During 2015, the smartphone segment was the largest revenue contributor to the global CP sensor for consumer applications market and accounted for a revenue share of almost 75%. Reduction in sizes and better performance due to advanced manufacturing methods such as micromachining have helped pressure sensors in their adoption in smartphones, despite the continuous upgrade of the devices. 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.
Geographical segmentation and analysis of the CP sensor for consumer applications
- North America
APAC accounted for more than 40% of the market share during 2015 and is expected to retain its market leadership during the forecast period. The region's dominance is due to the increasing production of consumer electronics in countries such as Japan, South Korea, and China. 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.
Competitive landscape and key vendors
The global CP sensor market for consumer applications 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.
The leading vendors in the market are -
- Freescale Semiconductor
- Murata Electronics
The other prominent vendors in the market include Measurement Specialities, Emerson Electric Company, ABB, Denso, General Electric, and OMRON.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020
- What are the key factors driving the global CP sensor for consumer applications market
- What are the key market trends impacting the growth of the CP sensor for consumer applications market
- What are the challenges to market growth
- Who are the key vendors in the CP sensor for consumer applications market
- What are the market opportunities and threats faced by the vendors in the global CP sensor for consumer applications market
- Trending factors influencing the market shares of the APAC, North America, Europe and ROW.
- What are the key outcomes of the five forces analysis of the CP sensor for consumer applications market
Spanning over 43 pages and 19 Exhibit "Global CP Sensor for Consumer Applications Market 2016-2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Technology landscape, Market segmentation by applications, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key recommendations for vendors and/or investors, Appendix.
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