NEW
YORK, July 4, 2024 /PRNewswire/ -- The global
touch controller IC market size is estimated to grow by
USD 30.91 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 29.73% during the forecast period. Increasing sales
of electronic devices is driving market growth, with a trend
towards emerging flexible displays. However, increasing competition
among vendors poses a challenge. Key market players include
Analog Devices Inc., Apex Material Technology Corp., Cirque Corp.,
eGalax eMPIA Technology Inc., Elo Touch Solutions Inc., FocalTech
Systems Co. Ltd., Hycon Technology Corp., Infineon Technologies AG,
Maxim Integrated Products Inc., MELFAS BD, Microchip Technology
Inc., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp.,
Silicon Laboratories Inc., Sitronix Technology Corp., Solomon
Systech International Ltd., STMicroelectronics International N.V.,
Synaptics Inc., and Texas Instruments Inc..
![Technavio has announced its latest market research report titled Global touch controller IC market 2024-2028 Technavio has announced its latest market research report titled Global touch controller IC market 2024-2028](https://mma.prnewswire.com/media/2453657/Technavio_Global_Touch_Controller_IC_Market.jpg)
Get a detailed analysis on regions, market
segments, customer landscape, and companies - Click for the
snapshot of this report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Automotive,
Smartphones, ATMs, and Others), Technology (Resistive touchscreen
and Capacitive touchscreen), and Geography (APAC, North America,
Europe, Middle East and Africa, and South America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
Analog Devices Inc.,
Apex Material Technology Corp., Cirque Corp., eGalax eMPIA
Technology Inc., Elo Touch Solutions Inc., FocalTech Systems Co.
Ltd., Hycon Technology Corp., Infineon Technologies AG, Maxim
Integrated Products Inc., MELFAS BD, Microchip Technology Inc.,
ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Silicon
Laboratories Inc., Sitronix Technology Corp., Solomon Systech
International Ltd., STMicroelectronics International N.V.,
Synaptics Inc., and Texas Instruments Inc.
|
Key Market Trends Fueling Growth
The touch controller IC market is anticipated to expand due to
the increasing adoption of flexible displays, particularly OLED and
AMOLED types. These displays, which integrate touch controller ICs
between the display and touch sensor, are becoming popular in
high-end devices. Notable manufacturers like Samsung and LG
Electronics, leaders in AMOLED production, are driving market
growth with their use in smartphones and wearable devices. This
trend is expected to significantly boost the demand for touch
controller ICs during the forecast period.
The touch controller IC market is currently experiencing
significant growth due to the increasing demand for advanced user
interfaces in various industries. Screens and touch sensors are
crucial components in this sector. Our company offers a range of
high-quality touch controller ICs that provide screen
responsiveness and accuracy. These ICs are essential for consumer
electronics, automotive, and industrial applications. Our products
are designed to meet the latest industry standards, ensuring
compatibility with various operating systems and display
technologies. Additionally, our ICs are known for their durability
and reliability, making them ideal for use in harsh environments.
Our commitment to innovation and excellence sets US apart in the
touch controller IC market.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The Touch Controller IC Market is witnessing an influx of
global and regional vendors, with APAC entrants intensifying
competition. Vendors like MELAS and FocalTech join established
players such as Microchip Technology, Synaptic, and Cypress
Semiconductor. Market entry criteria prioritizing technological
expertise are less stringent, leading to increased competition and
price wars. Vendors aim to offer competitive prices for touch
controller ICs, causing a decline in Average Selling Prices (ASPs)
and negatively impacting revenue growth during the forecast
period.
- The Touch Controller IC market faces several challenges in the
procurement process. The key components, such as Touch Controller
ICs, microcontrollers, and connectors, are in high demand due to
the increasing use of touch technology in various applications. The
supply chain is complex, involving multiple suppliers and long lead
times. The cost of these components can also be a challenge, as
prices can fluctuate based on market conditions and demand.
Additionally, ensuring the reliability and consistency of these
components is crucial for manufacturers to produce high-quality
products. The integration of these components into larger systems
can also present challenges, requiring careful planning and
coordination. Overall, managing the Touch Controller IC market
requires a strategic approach to address these challenges and
ensure a steady supply of these critical components.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This touch controller ic market report extensively covers market
segmentation by
- Product
- 1.1 Automotive
- 1.2 Smartphones
- 1.3 ATMs
- 1.4 Others
- Technology
- 2.1 Resistive touchscreen
- 2.2 Capacitive touchscreen
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Automotive- The Touch Controller IC market
experiences consistent growth due to the increasing demand for
user-friendly interfaces in various industries. These integrated
circuits enable touch sensitivity in devices, enhancing user
experience. Major sectors, such as consumer electronics and
automotive, significantly contribute to market expansion.
Additionally, advancements in touch technology and its integration
into various applications continue to fuel market growth.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Touch Controller IC market encompasses the production and
sales of microchips specifically designed to process input signals
from touch screens. These ICs are integral to various
touchscreen-enabled devices, including tablets, computers,
smartphones, smartwatches, automotive systems, and interactive
displays. They facilitate the I/O function of touchscreens,
enabling users to interact with their devices through simple
gestures. Advancements in touchscreen technology have led to the
development of flexible screens, which require specialized touch
controller ICs. These ICs are also essential in the implementation
of augmented reality (AR) and virtual reality (VR) applications, as
they allow for accurate touch position detection. The Touch
Controller IC market is expanding rapidly, driven by the increasing
demand for IoT devices and the integration of touchscreens into
various industries, such as automotive and computing. Processors,
such as those from Analog Devices and Freescale Semiconductor,
often include touch controller ICs in their offerings. Product
pricing for touch controller ICs varies depending on their
specifications, with factors such as resolution, response time, and
compatibility with different touchscreen technologies influencing
the cost. LCDs and computer desktops, which often use larger
touchscreens, may require more powerful touch controller ICs,
leading to higher prices.
Market Research Overview
The Touch Controller IC market encompasses a wide range of
microcontrollers and sensors designed to enable touch interaction
in various electronic devices. These components are integral to the
functionality of touchscreens, allowing users to input commands
through simple gestures. The market for touch controller ICs is
driven by the increasing demand for advanced user interfaces in
consumer electronics, automotive applications, and industrial
automation. The technology behind touch controllers is continually
evolving, with innovations such as capacitive, resistive, and
infrared touchscreens pushing the boundaries of user experience.
Additionally, the integration of advanced features like haptic
feedback and multi-touch capabilities is further expanding the
market potential for touch controller ICs.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Automotive
- Smartphones
- ATMs
- Others
- Technology
-
- Resistive Touchscreen
- Capacitive Touchscreen
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/touch-controller-ic-market-size-is-set-to-grow-by-usd-30-91-billion-from-2024-2028--increasing-sales-of-electronic-devices-to-boost-the-market-growth-technavio-302188966.html
SOURCE Technavio