The Touch Screen Controllers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Touch Screen Controllers Global Market Report 2024, 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
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.
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The touch screen controllers market covered in this report is segmented –
1) By Technology: Resistive, Capacitive
2) By Touchscreen Technology: Single-touch Technology, Multi-touch Technology
3) By Interface Type: Inter-Integrated Circuit (I2C), Serial Peripheral Interface (SPI), Universal Serial Bus (USB), Universal Asynchronous Receiver/Transmitter (UART)
4) By End User: Consumer Electronics, Automotive, Retail, Healthcare, Banking
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 touch screen controllers market report table of contents includes:
- Executive Summary
- Touch Screen Controllers Market Characteristics
- Touch Screen Controllers Market Trends And Strategies
- Touch Screen Controllers Market – Macro Economic Scenario
- Global Touch Screen Controllers Market Size and Growth
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- Global Touch Screen Controllers Market Competitive Benchmarking
- Global Touch Screen Controllers Market Competitive Dashboard
- Key Mergers And Acquisitions In The Touch Screen Controllers Market
- Touch Screen Controllers Market Future Outlook and Potential Analysis
- Appendix
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