Press release
Touch Screen Controllers Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Analog Devices Inc., Broadcom Limited, Cypress Semiconductor Corporation, ELAN Microelectronics Corp
Touch Screen Controllers Market Characteristics
The Business Research Company offers in-depth market insights through Touch Screen Controllers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The touch screen controllers market size has grown rapidly in recent years. It will grow from $10.02 billion in 2023 to $11.77 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to rise in mobile devices, consumer electronics growth, industrial automation, medical devices, retail and pos systems.
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
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Market Segmentation:
The main types of touch screen controllers are resistive, capacitive, single-touch, and multi-touch screen controllers. Resistive touch screen controllers contain multiple layers and are designed to detect touch commands using pressure rather than changes in capacitance. Capacitive touch screen controllers use the conductive touch of a human finger or a specialized input device. Single touch technology is used in both resistive and capacitive devices, where they can process input only from a single touch. Multi-touch technology is used in both resistive and capacitive devices, where this technology can identify the presence of more than one point on a surface. These types of touch screen controllers are used in manufacturing various electronic devices such as smartphones, laptops, personal computers, and portable instruments.
Major Driver - 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
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Top Trend - 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Touch Screen Controllers Market Characteristics
3. Touch Screen Controllers Market Trends And Strategies
4. Touch Screen Controllers Market - Macro Economic Scenario
5. Touch Screen Controllers Market Size And Growth
…..
27. Touch Screen Controllers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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