Global non-glass capacitive sensors market expected to reach approximately USD 45.70 million in 2024, growing at a CAGR of above 14.1 % between 2018 and 2024. Capacitive sensing is a popular technology working on the principle of capacitive coupling used for detecting and locating an object that is conductive in nature.
Sarasota, FL -- (SBWIRE) -- 09/06/2018 -- Zion Market Research has published a new report titled "Non-Glass Capacitive Sensors Market by Type (Plastic, Polymer, and Sapphire) and by Application (Consumer and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024''. According to the report, global non-glass capacitive sensors market was valued at USD 23.69 million in 2017 and is expected to reach approximately USD 45.70 million in 2024, growing at a CAGR of above 14.1 % between 2018 and 2024.
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Capacitive sensing is a popular technology working on the principle of capacitive coupling used for detecting and locating an object that is conductive in nature. It is preferred for measuring proximity, displacement, humidity, fluid level, and acceleration of a conductive object. Sensors that are used for detecting both metallic and nonmetallic objects are termed as capacitive sensors. The capacitive sensors that are able to detect non-metallic materials like human touch, glass wood, paper, plastics, and chemical substances are said to be non-glass capacitive sensors. They are highly preferred in the packaging industry for detection and monitoring of objects like cardboard boxes, bags, and barrels. It is implemented in detecting materials available in various forms such as liquid, powdered form, solid, and non-conducting materials.
Increased demand for consumer electronics goods, low cost and power consumption features, flexibility, minimum reflection, large investments by MNC's are acting as prominent drivers for the non-glass capacitive sensors market. The non-glass capacitive sensors market contributed a revenue of USD 15.9 million in 2016. Compared to conventional touch detection procedure, non-glass capacitive sensors provide numerous advantages such as resistive and inductive detection. Numerous trends such as flourishing demand for the technological developments are driving the market demand directly or indirectly in coming years. The major contributing trend in the market is the size reduction of capacitive sensors which enables its integration into smartphones, tablets, PCs, and many other small devices without any compromise. However, challenges like manufacturing, fabrication, complexity, and need of constant updates with the upcoming technologies are the prime restraints to the non-glass capacitive sensors market. Adoption of sapphire glass surfaces in mobile display covers and plastic or polymer lenses for flexible display is anticipated to boost the market demand in the forecast period. Furthermore, substantial adoption of carbon nanotubes and silver nanowires as a replacement to ITO acts as an add-on to the market growth.
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Non-glass capacitive sensors market is fragmented on the basis of surface type, application, and region. Surface type segmentation includes plastic materials, polymer, and sapphire. Application segment of the non-glass capacitive sensors market is further segmented into two major sections namely consumer application and commercial applications. The consumer application segment is anticipated to grow with substantial growth in the upcoming years due to the rising demand for tablets, smartphones, and laptops.
On the basis of geography, North America is significantly dominating the non-glass capacitive sensors market owing to increasing usage of consumer electronics such as tablets and smartphones among the customers in the region. Key players involved in the non-glass capacitive sensors market are TPK Holdings Co. Ltd., GT Advanced Technologies Inc, Cima NanoTech. Inc., Apple, Inc, Canatu Ltd., Rubicon Technology, Inc., Iljin Display Co. Ltd., and Graphenea SA, among others.
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The report segments the global non-glass capacitive sensors market as follows:
Non-glass capacitive sensors Market: Surface Type Segment Analysis
Non-glass capacitive sensors Market: Application Type Segment Analysis
Smartphones and Tablets
ITO Glass Vs Transparent Conductive Film by Application
Point Of Interest (POI)
Retail and POS (Point Of Sale)/ECR (Electronic Cash Register)