Touch sensor companies create technologies that detect touch or gestures on various devices, such as smartphones, tablets, and interactive displays. These sensors are essential for intuitive user interfaces and are widely used in consumer electronics and industrial applications.
Competitive Landscape of Touch Sensors Market:
The touch sensor market, a cornerstone of our increasingly interactive world, is a vibrant landscape teeming with established giants and ambitious newcomers. Understanding the complex interplay between these players is crucial for navigating this dynamic space.
Some of the Touch Sensor companies listed below:
Strategies Adopted by Key Players:
Competition is fierce, driving players to adopt various strategies. M&As are common, as companies seek to expand their product offerings and geographic reach. Synaptics' acquisition of FIC, a leading fingerprint sensor manufacturer, is a prime example. Product differentiation is another key tactic. Apple's 3D Touch technology, offering pressure-sensitive input, is a testament to this approach.
Factors for Market Share Analysis:
Analyzing market share requires a multifaceted approach. Unit shipments, revenue generated, and brand presence are crucial metrics. Additionally, factors like technological innovation, patent portfolios, and production capabilities play a significant role. Companies like Apple, with their closed ecosystem and tight control over the supply chain, command premium pricing, impacting revenue share.
New and Emerging Technologies:
The touch sensor landscape is constantly evolving. Force-sensitive sensors, haptics, and integration with advancements like AR/VR are creating exciting new possibilities. Companies like Texas Instruments and Broadcom are actively investing in these areas, aiming to capture the potential of future applications.
Latest Company Updates:
The release of Elliptic Labs' AI Virtual Proximity SensorTM INNER BEAUTY® on the new HONOUR X50i Plus smartphone for the Chinese market is scheduled for 2023. Elliptic Labs is a worldwide AI software firm and the world leader in AI Virtual Smart SensorsTM, which are presently implemented in over 500 million devices. The HONOUR X50i Plus is powered by Mediatek, a partner of Elliptic Labs, using its Dimensity 6080 processor. Elliptic Labs had already disclosed the contract for this launch.
Wearable device proximity sensor for wearables, compact VCSEL, in 2023. The RPR-0720 is a small 2.0 x 1.0 mm proximity sensor designed by ROHM and optimised for attachment/detachment and proximity detection applications. These days, ROHM offers a range of wearable proximity sensors that integrate light-emitting and -receiving components into one single package. The RPR-0720 is an optical sensor module that uses a sensor integrated circuit (IC) as the light receiving element and a variable-coupled light emitter (VCSEL) with stronger directivity than LEDs.
As a pioneer in radar technology, NOVELDA is pleased to present its most recent innovation in 2023: the ultra-wideband (UWB) radar sensor with the lowest power in the world. This innovative radar transforms the industry with its amazing low power consumption of less than 100 microwatts when operating on batteries. It provides unmatched energy efficiency and sophisticated target analysing capabilities.
Touch Sensor Market Size was valued at USD 6.27 Billion in 2023. The Touch Sensor market industry is projected to grow from USD 7.28 Billion in 2024 to USD 20.85 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.05% during the forecast period (2024 - 2032). Touch-enabled electronic book readers, dynamic screens, and digital signs are becoming more popular. Increasing Display-based HMI requirements are the key market drivers contributing to market growth and expansion.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The rising display-based HMI requirements drive market CAGR for touch sensors. Touch sensors are utilized in the management panels of many electrical appliances because they give an intuitive interface, use less power, and can manage both high and low-voltage equipment. It additionally provides customers access and a very dynamic interface. The increasing deployment of electronic gadgets and controllers has led to the market expansion for touch sensors. It gives designers increased dependability and comfort while lowering system costs. These control panels may additionally be sealed, rendering them impervious to liquids, spills, and dust. Furthermore, touch sensors improve the aesthetics of electronic devices by making fabrication and installation easier.
Additionally, touch sensors are in high demand due to the increasing number of smartphones and tablets. Additionally, the growing usage of cloud-based computing and the increasing number of electronic gadgets drive a higher need for touch sensors throughout every sector. The Touch Sensor Industry is driven by increased attempts to develop groundbreaking innovations such as better performance, greater clarity, less energy usage, and lightweight touch screens. In addition, the advancement of flexible displays is expected to aid the expansion of the Touchscreen Sensor industry throughout the forecast period.
COVID-19 has had a substantial influence on the sector's fundamentals. In the months that followed this outbreak, semiconductor firms worked quickly to protect employees, protect distribution networks, and solve other crucial issues. Despite this, the situation is still grave, and many countries continue to apply physical-distance restrictions; semiconductor managers have been looking toward the end of the epidemic and the beginning of the new normal. In recent months, people all around the globe have been trying new methods of working, learning, and connecting via conferencing and other technology. The need for electronics that allow servers, connections, and the use of clouds may increase as online communication grows.
The Touch Sensor market segmentation, based on type, includes Resistive, capacitive, surface acoustic wave (SAW), infrared, and optical. The resistive segment dominated the market, accounting for 42% of market revenue (USD 2.3 Billion) in 2022. Capacitive has become increasingly widespread due to their greater responsiveness, extended lifespan, and superior measurement precision when contrasted with magnetic or resistive sensors.
The Touch Sensor market segmentation, based on channel types, includes multi-channel and single-channel. The single-channel category generated the highest market revenue of about 58% (USD 3.1 billion) in 2022. Whereas the multi-channel market is likely to grow quickly during the projected timeframe as the number of inputs in a multi-channel system is 3, 9, 16, 25, and so on.
Figure 1: Touch Sensor Market, by Channel Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Touch Sensor market segmentation, based on installation area, includes smartphones & tablets, laptops, cars & aircraft solutions, elevators, ATMs, medical devices, panel control systems, kiosk solutions, and others. The smartphones & tablets segment dominated the market, accounting for 36% of market revenue (USD 1.9 Billion) in 2022. It allows a gadget or item to detect contact or proximity, normally done by an actual user or operator. In medical applications, heartbeat oscillators, cancer detection devices, and pressure dispersion assessment in humans are all employed.
The Touch Sensor market segmentation, based on end-user, includes consumer electronics, automotive, aerospace, medical, factory automation, retail, and others. The consumer electronics segment dominated the market, accounting for 39% of market revenue (USD 2.1 Billion) in 2022. Putting industrial touchscreens in stores enables businesses to establish an important element of their consumers' brand experience.
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Touch Sensor market area will dominate this market during the projected timeframe as infrastructure is well-developed. As a result, technological developments may be quickly adopted, boosting the market growth in the North American region.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Touch Sensor Market Share by Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Touch Sensor market is expected to grow quickly due to the rise of IoT and linked technologies, and promoting gadgets such as tablets and smartphones will boost market demand. Further, the German Touch Sensor market holds the largest market share, and the UK Touch Sensor market is expected to grow and expand significantly in the European region during the projected timeframe.
The Asia-Pacific Touch Sensor Market accounts for the second-highest market share. This is due to rising demand from various businesses and increased disposable income. Moreover, China’s Touch Sensor market dominates the market share, and the Indian Touch Sensor market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.
Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Touch Sensor market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Touch Sensor industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the Touch Sensor industry to benefit customers and capture untapped market share and revenue. The Touch Sensor industry has recently offered significant advantages to the Sensor & Control and Information technology industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the Touch Sensor market, including STMicroelectronics, Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductor, On Semiconductor, Honeywell International, Qualcomm, Abatek, Shin-Etsu Polymer Europe, Crystal Display Systems Ltd, Neonode Inc., Azoteq, Xymox Technologies, Inc., Microchip Technology and Renesas, are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.
Infineon Technologies AG is a manufacturer of semiconductors and system solutions provider. The firm was established on April 1, 1999, and is based in Munich, Germany. Its business segments are Automotive, Commercial Power Control, Power Management for Automotive and Multimarket, and Cyber Protection Solutions. Infineon Technologies AG spent USD 10.8 million in April 2020 to purchase Cypress Semiconductor Company. It was a smart choice since it allowed them to widen its product spectrum and establish themselves as an innovator in the emerging industrial and IoT markets.
DMC Co., Ltd. was established in 2008. The Company's primary business is the production of computer peripherals. DMC confirmed the debut of its new sensitive touchscreen series in April 2020. The glass frameworks are more lightweight, flexible, and resistant to UV rays, rendering them incredibly user-friendly. It has aided the corporation in extending its product line, resulting in a rise in income inflow.
Texas Instruments Incorporated
Infineon Technologies AG
NXP Semiconductor
On Semiconductor
Honeywell International
Qualcomm
Abatek
Shin-Etsu Polymer Europe
Crystal Display Systems Ltd,
Neonode Inc.
Azoteq,
Xymox Technologies, Inc.
Microchip Technology
Renesas
November 2022: The LSM6DSV16X, ST's flagship 6-axis inertial measurement unit (IMU), combines AI, adaptive-self-configuration, and fusion of the Sensor's low-power methods to achieve maximum power optimization.
April 2020: DMC confirmed the debut of its new sensitive touchscreen series in April 2020. The glass frameworks are more lightweight, flexible, and resistant to UV rays, rendering them incredibly user-friendly. It has aided the corporation in extending its product line, resulting in a rise in income inflow.
April 2020: Infineon Technologies AG spent USD 10.8 million in April 2020 to purchase Cypress Semiconductor Company. It was a smart choice since it allowed them to widen its product spectrum and establish itself as innovator in the emerging industrial and IoT markets.
Resistive
Capacitive
Surface acoustic wave (SAW)
Infrared
Optical
Multi-channel
Single channel
Smart Phones & Tablets
Laptop
Cars & Aircraft Solutions
Elevators
ATMs
Medical Devices
Panel Control System
Kiosk Solutions
Others
Consumer Electronics
Automotive
Aerospace
Medical
Factory Automation
Retail
Others
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
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