Press release
Touch Screen Controllers Market Research Report, Trends, Analysis And Forecast 2033
Touch Screen Controllers Market
The touch screen controllers market size is expected to see rapid growth in the next few years. It will grow to $22.63 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to automotive touch screens, 5g connectivity, emerging markets, gaming and vr/ar, healthcare digitalization. Major trends in the forecast period include in-display fingerprint sensors, edge-to-edge displays, gesture recognition, oled and amoled displays, multi-touch and multi-modal interaction
.
Market Overview -
Touch screen controllers are circuits that connect the touch screen sensor and the device the sensor is used in. The controller receives data from the sensor which is translated into the device's operating system. Touch screen controllers are used in manufacturing various electronic devices.
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Surging Demand For Electronic Products Drives Growth In Touch Screen Controller Market
The increasing demand for electronic products is resulting in growth in the touch screen controllers market. In recent times various electronic products such as smartphones, laptops, personal computers, portable instruments such as music players, tablets, and other products such as washing machines, refrigerators, and copiers are also equipped with touch screen controllers. This widespread demand for technologically advanced touch screen controllers in electronic products is driving the demand for touch screen controllers. In addition, due to the COVID-19 pandemic, educational institutions and corporate companies were inclined towards online schools and home offices, which resulted in longer use of electronic devices, leading to a rid growth in the electronics industry. Consumers are buying electronic products over eCommerce websites, leading to growth in the electronics eCommerce industry. Electronic commerce sales in 2022 are projected to grow by over $79 million, which is a 7% increase from 2021.
Competitive Landscape -
Major companies operating in the touch screen controllers market include Analog Devices Inc., Broadcom Limited, Cypress Semiconductor Corporation, ELAN Microelectronics Corp., Honeywell International Inc., Microchip Technology Incorporated, Melfas Incorporated, NXP Semiconductors N.V., Samsung Electronics Co. Ltd, Texas Instruments Incorporated, Integrated Device Technology Inc., STMicroelectronics N.V., Synaptics Incorporated, High Tech Computer Corporation, Lucky GoldstarElectronics, Panasonic Corporation, Renesas Electronics Corporation, ROHM Co.Ltd., Atmel Corporation, FocalTech Systems Co. Ltd., Goodix Technology Inc., Himax Technologies Inc., Silicon Laboratories Inc., Semtech Corporation, EETimes, Mstar Semiconductor Inc., Novatek Microelectronics Corp., Raydium Semiconductor Corporation, Sony Corporation
Touch Screen Controller Market Sees Surge In Technological Advancements
Technological advancement in touch screen controllers is a rising trend in the touch screen controllers market. Advancements in touch screen technology are constantly making their way to innovations due to the manufacturers thriving to launch new innovative products to gain a competitive advantage. For instance, in March 2021, Meech International, a UK-based manufacturer of static control and web cleaning solutions, launched Smart Control Touch. With this new smart control device users can monitor, control, and alter the performance of numerous connected hyperion ionising bars and sensors using an inbuilt touchscreen or remotely using a mobile phone, tablet, or laptop. It includes a 10"" integrated touch screen, data logging, and is compatible with meech voltage and distance sensors.
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Key Segments -
The touch screen controllers market covered in this report is segmented -
1) By Technology: Resistive, Capacitive
2) By Touchscreen Technology: Single-touch Technology, Multi-touch Technology
3) By Interface Type: Inter-Integrated Circuit (I2C), Serial Peripheral Interface (SPI), Universal Serial Bus (USB), Universal Asynchronous Receiver/Transmitter (UART)
4) By End User: Consumer Electronics, Automotive, Retail, Healthcare, Banking
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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