The Business Research Company’s report on the Touch Screen Controllers Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the touch screen controllers market in recent years?
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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What is the projected market size of the touch screen controllers industry, and how is it expected to grow?
The touch screen controllers market size has grown rapidly in recent years. It will grow from $11.59 billion in 2024 to $13.52 billion in 2025 at a compound annual growth rate (CAGR) of 16.6%. 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 $26.16 billion in 2029 at a compound annual growth rate (CAGR) of 17.9%. 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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Who are the key players driving competition in the touch screen controllers market?
Major companies operating in the touch screen controllers market include Analog Devices Inc., Broadcom Limited, Cypress Semiconductor Corporation, ELAN Microelectronics Corp., Microchip Technology Incorporated, Melfas Incorporated, NXP Semiconductors N.V., Samsung Electronics Co. Ltd, Texas Instruments Incorporated, STMicroelectronics N.V., Synaptics Incorporated, Lucky GoldstarElectronics, Panasonic Corporation, Renesas Electronics Corporation, ROHM Co.Ltd., FocalTech Systems Co. Ltd., Goodix Technology Inc., Himax Technologies Inc., Mstar Semiconductor Inc., Novatek Microelectronics Corp., Raydium Semiconductor Corporation, Sony Corporation
What key trends are expected to drive the total station market during the forecast period?
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 April 2024, Microchip Technology, a US-based manufacturer of microcontrollers and solutions, launched the MXT2952TD 2.0 family of secure touchscreen controllers. The controllers feature encryption capabilities for touch data, ensuring that sensitive information is protected during transactions. This is crucial for meeting Payment Card Industry (PCI) certification requirements. The controllers support cryptographic authentication for software updates, minimizing the risk of unauthorized access and ensuring that only verified updates are applied.
Which key geographies are driving the growth of the touch screen controllers market?
Asia-Pacific was the largest region in the touch screen controllers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the touch screen controllers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the key segments driving growth in the touch screen controllers market?
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
Subsegments:
1) By Inter-Integrated Circuit (I2C): Standard I2C Controllers, High-Speed I2C Controllers
2) By Serial Peripheral Interface (SPI): Standard SPI Controllers, Dual And Quad SPI Controllers,
3) By Universal Serial Bus (USB): USB 2.0 Controllers, USB 3.0 Controllers, USB-C Controllers
4) By Universal Asynchronous Receiver Or Transmitter (UART): Standard UART Controllers, High-Speed UART Controllers
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How is the touch screen controllers market defined, and what are its core characteristics?
Touch screen controllers are circuits that connect the touch screen sensor and the device the sensor is used in. The controller receives data from the sensor which is translated into the device’s operating system. Touch screen controllers are used in manufacturing various electronic devices.
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