The touch screen device is used for recording the touch-related inputs, that are made by recording with the change in pressure on the screen on which they are being displayed. To ensure the proper working of these screens, there is a requirement for an intermediate medium. These mediums are what require the touch screen controllers. The touch screen controllers market is witnessing an increased demand because of this reason. Also, these controllers can be uses as circuits that end up acting like an interface in between the sensor, as well as, the device. The global touch screen controller market is subject to high competition and is experiencing domination by the manufacturers of touch screen devices.
Owing to the highly stimulated demand, the touchscreen controller market is expected to grow at a 14.95% CAGR by the end of the global forecast period of 2022-2030, with a market valuation amounting to USD 13.55 Billion.
The uncontrollable spread of the COVID 19 pandemic has harmed the economies because of the mass shutdown of the industries, production, and manufacturing units. With the global imposition of both temporary, as well as, permanent lockdowns, the employees were pushed to adapt to the idea of working from home. The concept of working from home, along with the impact of COVID 19 has rendered a positive impact on the touchscreen controller market.
Because of the technological needs and advancements, people are switching to adopting consumer electronics that are touchscreen-based. This is one of the most important market segments powering the overall market growth. Also, the governments of various economies are allocating budgets for the research and development of touch-related products and services, thus enabling mass adoption of the touchscreen devices trend.
The touch screen controllers market research is extending its services to consumer electronics, and similar devices in the upcoming future period. The manufacturers ate opting for better facilities related to touch screens and providing the needful for the production operations. Also, there is a short replacement cycle of electronic devices. These are charging the manufacturing process, and emerging as growth drivers for the market, by the end of the future forecast year of 2030.
However, the market is witnessing a surge in the quantum of requirements that need to be fulfilled. One of these is the touch quality interface that needs to be of high-quality. This is a major challenge being witnessed by the market.
The market is witnessing an increased quantum of demand for smart consumer electronic products that are available for purchase with the touchscreen facility. This is a considerable growth opportunity for the market during the forecast period of 2022-2030.
The touch screen controller board is going through major technological investments that are helping the market grow concerning the supporting gestures in terms of slide and swipe, pinch-to-zoom, press-and-hold, as well as, long press. The automotive sector is largely adopting the touch screen game controller that has a considerable impact on the growth of the controller industry.
The touch screen game controller consists of market segments that have been divided based on the interface and application, technology, region, along market end-users.
Based on type, the market includes resistive, as well as capacitive controllers.
The interface market segment includes USB and URT, SPI, as well as I2C.
The touchscreen market applications include consumer electronics like smartphones and media players. The market is also inclusive of the control displays, as well as, the GPS devices.
Healthcare, banking, automotive sectors, etc. fall under the head of the end-users of the market. The automotive sector is expected to have the largest share in the market by the end of the global forecast period.
North America, the Asian Pacific regions, Europe, along with the rest of the world (RoW), are the regions to which, the touch screen controllers market research is expanded. By the end of the global forecast period in 2030, the Asian Pacific regions are expected to have the largest market share. Consisting of countries like India, China, and Japan, the market is charged up due to the flowing development in industrial automation. Also, the manufacturing sector is getting major chunks of investments along with an advanced system that is integrated with the availability of touchscreen for customer benefit.
The US is the top-most manufacturer of touchscreen devices that will help the North American market to grow. The third maximum growth is expected to be witnessed by Europe that is working on the product like to launch customer electronic products that are technology-based, as well as, affordable.
To draw a competitive landscape, the performance of the key market players belonging to different regions needs to be analyzed. They key market players are:
With the increasing spread of technology, there are various improvements in the key market players. They are on a way to establish a new product line fueling the growth of the touchscreen controllers market, globally.
The global touchscreen controllers research report covers the market, along with its segments that are based on technology, interference screen size, technology, and much more. The report discusses the performance of the market segments both on a regional, and global basis. The report draws a competitive landscape amongst them based on the performance to forecast the market-dominant by the end of the global forecast year of 2030. Also, the report mentions the drivers, restraints, and challenges of the market along with the impact of the pandemic. The market strategies for recovering the losses and growing as per the expected CAGR are also discussed in the report.
|Market Size||USD 13.55 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Types, Interface, Application and End-users|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||ELAN Microelectronic Corp (Taiwan), Broadcom Corporation (U.S.), Integrated Device Technology, Inc. (U.S.), MELFAS Co. Ltd (Korea), STMicroelectronics (Switzerland), Samsung Electronics Co. Ltd. (South Korea), Analog Devices, Inc (U.S.), Texas Instruments Incorporated (U.S.), NXP Semiconductors N.V. (Netherlands), Synaptics Incorporated (U.S.)|
|Key Market Opportunities||Increased quantum of demand for smart consumer electronic products|
|Key Market Drivers||The manufacturers ate opting for better facilities related to touch screens and providing the needful for the production operations.|
The segments covered on the basis of interface are I2C, URT, USB, and SPI.
The market is estimated to value at USD 13.55 Billion by 2030.
Increasing demand in automotive industry, rising demand for smart electronic gadgets, etc. are supposed to drive the expansion of the touch screen controller market.
The automotive segment is presumed to dominate the market.
Asia-Pacific accounts for the largest market share at present.