By 2025, Touch Screen Controller Market to Hold significant Industry Share Via Capacitive Controllers Sector | Key Players Are NXP Semiconductors, Analog Devices, Samsung Electronics, Broadcom Inc.
Application of these controllers in the consumer electronics segment of the touch screen controller market is increasing the demand and requirement of these components. The integration of this product in mobile phones proved to be a great success for the mobile phone industry, which was tapped by other developers. With the success of the integration of these components into mobiles, several other devices were also integrated with these functions such as smart TVs, tablets, PCs, and smartwatches. This proved to be the revolution in the market and a great success & opportunity. With the increase in the manufacture and growth of smart devices’ industry, increase in the need and requirement of these functions can be seen in the market.
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Large power consumption and low refresh rate are some of the factors restricting the growth of the touch screen controller market. Refresh rate is the number of times in a second that a display hardware updates its buffer, which is reported back by the device to the user. Several electrical devices, such as POS and drawing pads, require high rates for better efficiency and performance. It becomes difficult for large touchpads for maintaining the fast refresh rate due to the large surface area of scree. Large power consumption of devices due to these components is also a restraint in the market. These display panels consume a lot of battery for managing the refresh rate and carrying out several functions.
The trend of online payments and increased acceptance of credit & debit cards for transactions in the retail and other businesses are creating a demand for point of sale devices. POS manufacturers are introducing touchscreens in their products for enhancing user experience, ensuing the touch screen controller market. Tablet-based POS solutions are exhibiting high growth due to the high adoption of these devices in the retail sector, contributing significantly toward market growth.
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In the touch screen controller market, Asia Pacific accounted for the majority of the market share. The presence of several device manufacturers & well-established consumer electronics industry is a factor for the market growth. India and China are the largest market due to huge customer base and the rising living standards of the people, resulting in increased spending in electronics. Technological advancements in the semiconductor industry, resulting in decreasing cost of sensors & other components is the other major factor responsible for the market.
The touch screen controller market key players are Elan Microelectronics Corp., NXP Semiconductors N.V., Integrated Device Technology, Inc., Texas Instruments Inc., Analog Devices Inc., Samsung Electronics Co. Ltd., STMicroelectronics N.V., Broadcom Limited, Melfas Incorporated, Synaptics Incorporated, Cypress Semiconductor Corporation, and Microchip Technology Incorporated.
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