Home > Semiconductors & Electronics > Electronics > Touch Screen Controller Market
Touch Screen Controller Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2024 – 2032
- Report ID: GMI3792
Touch Screen Controller Market Size
Touch Screen Controller Market is poised to witness considerable revenue gains by 2032, owing to growing digitalization in the banking sector. Of late, the adoption of devices that make use of touchscreen technology, including passbook printing machines, biometric devices for KYC, and others in banking has significantly soared. Many governments across the world are investing heavily on the digitalization of the BFSI sector, creating a consolidating demand for touchscreen based biometric devices. Meanwhile, an increase in the number of touch-enabled devices such as tablets, smartphones, kindles, and smartwatches are further creating lucrative growth opportunities for the market. In December 2023, there were around over 6.5 billion smartphones in use globally.
Touch Screen Controller Market Trends
The increasing demand for capacitive touch screen controllers, which offer superior touch sensitivity, accuracy, and durability compared to resistive touch technologies will accelerate the market growth. The integration of advanced features, such as multi-touch functionality, gesture recognition, and haptic feedback is enhancing user experience, expanding the application scope of touch screen devices across various industries, including consumer electronics, automotive, healthcare, and industrial automation.
The proliferation of smart devices and IoT connectivity is also fueling the adoption of touch screen controllers in emerging applications, such as smart home appliances, wearable devices, and connected vehicles. Rising advancements in touch screen controller technology like the development of ultra-low power consumption and high-speed interfaces are also helping to cater to the evolving needs of device manufacturers.
Touch Screen Controller Market Analysis
Based on technology, the industry size from the capacitive segment is anticipated to witness substantial gains through 2032. Capacitive technology provides clearer images than its resistive counterparts, which makes it ideal for displays in laptops, computers, smartphones, and other electronic devices. It also offers high touch sensitivity, great accuracy, and reliability even in damaged conditions, emerging highly feasible to be used in electronics in the future.
In terms of end-user, the touch screen controllers market from the consumer electronics segment is slated to observe notable revenues by 2032. This is owing to the surging adoption of touch screen controllers in smart appliances, such as wearable devices, tablets, refrigerators, air fryers, and others. Growing investments by governments across the world in the consumer electronics sector is further paving the way for the segment expansion.
Regionally, the Asia Pacific touch screen controller market is expected to grow at a considerable CAGR between 2024 to 2032, due to improved socio-economic conditions of people and their increasing spending on consumer electronics. Additionally, the robust presence of many leading touch screen controller industry players, such as Panasonic Corporation, and Samsung Electronics Co. Ltd. along with their consistent involvement in innovating new products will add to the regional market growth.
Touch Screen Controller Market Share
Some of the major touch screen controller industry players include:
- Texas Instruments Inc.
- Broadcom Limited
- STMicroelectronics N.V.
- Samsung Electronics Co. Ltd.
- Analog Devices Inc.,
- Microchip Technology Incorporated.
These firms are heavily investing and focusing on product innovations and technology advancements to secure the highest market share.
Touch Screen Controller Industry News
- In November 2021, Microchip Technology Incorporated launched maXTouch® MXT1296M1T touchscreen controllers to offer superior flexibility to accommodate exclusive display aspect ratios in cars, equipped with accurate, waterproof, and quick multi-touch detection features.
What Information does this report contain?
