PUBLISHER: TechSci Research | PRODUCT CODE: 1348813
PUBLISHER: TechSci Research | PRODUCT CODE: 1348813
We offer 8 hour analyst time for an additional research. Please contact us for the details.
Over the past few years, touchscreen technology and the devices that use it have gained enormous popularity. A touch screen is a type of electronic visual display that can identify when and where a user has touched the screen. In most cases, the phrase refers to a hand or finger, or a stylus pen contacting the device display. A touch screen is typically present to physically interact with what is displayed on the screen known as "direct manipulation"). Gesture-based technology that can be directly operated is known as touch screen technology. This technology is most used in computers, user interactive machines, smartphones, tablets, and other electronic devices to replace most of the mouse and keyboard functions.
The touch sensor and the PC are connected by a small PC card called the controller. It converts information from the touch sensor into information that the PC can understand.
Market Overview | |
---|---|
Forecast Period | 2024-2028 |
Market Size 2022 | USD 10.7 Billion |
Market Size 2028 | USD 19.80 Billion |
CAGR (2023-2028) | 10.8% |
Fastest Growing Segment | Consumer Electronics |
Largest Market | Asia-Pacific |
Wearable health monitors, entertainment devices, and smart home technology are cohesively becoming increasingly popular in the consumer electronics sector. Customers are anticipated to prefer energy-efficient smart home products such as smart lightbulbs, switches, and thermostats to reduce high electricity bills.
With the aid of fitness equipment and smartwatches, tracking health has become simpler. In addition to these advantages, advancements in at-home health monitoring are being made that enable efficient monitoring of blood pressure, diabetes, and other similar conditions. Due to ongoing improvements in display quality, the future of entertainment in the world of constant entertainment is predicted to revolve around cloud gaming, AR and VR, and OLED TVs. Therefore, with the increase in demand for consumer electronics, there is an increased need for touch screen controllers.
Digitization helps companies in a wide range of ways. Modern working life has evolved dramatically in the last decade. Working habits and communications are more adaptable and digital, than ever before, which is largely due to the millennial workforce's expansion. Moreover, the traditional office space, has also evolved into the digital collaborative working platforms. As a result, increasingly sophisticated products and systems are required. Therefore, touchscreen controllers play a critical role in physically and digitally empowering workplaces.
Consumer electronics such as smartphones, tablets, laptops, and wearables with capacitive screens are often used by using touchscreen controllers. Additionally, the market growth is being boosted by the widespread use of touchscreen panels in infotainment systems in cars, home appliances, and kiosks for banking and retail. For instance, automated teller machines (ATMs), equipped with touchscreens, can handle complex banking tasks like cheque cashing, money order processing, account transfers, and loan application. Other growth-promoting factors include various technological developments, such as the incorporation of gesture recognition systems in touch screens for slide, pinch-to-zoom, swipe, twist, and press-and-hold functions.
Global Touchscreen Controllers market can be segmented into Technology, Interface, Screen Size, end use industry, and region. Based on Technology, the market can be segmented into Resistive, Capacitive, Acoustic, and Optical. By Interface, the market can be segmented into Inter-Integrated Circuit (I2C), Serial Peripheral Interface (SPI), Universal Serial Bus (USB), Universal Asynchronous Receiver/Transmitter (UART) and Others. By Screen Size, the market can be segmented into Small and Medium-sized Screens, and Large Screen, By end use industry the market can be segmented into BFSI, Consumer Electronics, Automotive, Retail, Healthcare, Industrial and Others.
There are several significant players in the fiercely competitive market for global touch screen controllers. Currently, only a few major players control the majority of the market in terms of market share. Major market players in the Global Touchscreen Controllers market are NXP Semiconductors, Texas Instruments Incorporated, STMicroelectronics, Microchip Technology Inc., Integrated Device Technology Inc., Synaptics Incorporated, Semtech Corporation, MELFAS Co. Ltd., SAMSUNG Electronics Co. Ltd., and Analog Devices Inc. The businesses are working hard to innovate and gain a competitive edge over rivals, and they are creating unique products for various uses.
In this report, the Global Touchscreen Controllers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Touchscreen Controllers market.
Global Touchscreen Controllers market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: