Innovation

Capacitive tactile sensor market for touchscreens to reach $10.68B by 2031

Image via Istock.com

August 8, 2022

The capacitive tactile sensor market will grow from $3.87 billion in 2021 to $10.68 billion by 2031, according to a press release by Allied Market Research. Companies use these sensors for touchscreen applications such as kiosks, ATMs, arcade games and more.

The market will grow at a compound annual growth rate of 10.7% from 2022 to 2031, according to the release. Other findings include:

• Rise in demand for internet-of-thing solutions is driving growth.
• Lack of skilled labor force is holding the market back.
• Surface capacitive sensor market will generate 12.8% CAGR during the forecasted period.
• Consumer electronics segment will hold largest market share.
• Asia-Pacific will continue to hold highest market share.