Touch Screen Controllers Market Size To Reach USD 13.55 Billion at a 14.95% CAGR by 2030 - Report by Market Research Future (MRFR)
Touch Screen Controllers Market To Flourish by Increased Quantum of Demand for Smart Consumer Electronic Products
New York, US, Sept. 14, 2022 (GLOBE NEWSWIRE) --
According to a comprehensive research report by Market Research Future (MRFR),”Touch Screen Controllers Market, By Technology, by Interface, by Application, by End-users - Forecast to 2030”, the market is projected to acquire a valuation of approximately USD 13.55 billion, at a robust CAGR of over 14.95% during the assessment timeframe.
Touch Screen Controllers Market Overview:
The touch screen controllers market comprises sales of these controllers by individuals who manufacture several electronic devices. Touch screen controllers refer to the circuits connecting the touch screen sensor and the device it is used in. the controller receives data from the sensor that is explained into the device's operating system. The touch screen device is often utilized to record the touch-related inputs, made by recording the difference in pressure on the screen on which they are being shown. To guarantee the appropriate operating of these screens, there is a need for an average medium. These mediums are what need the touch screen controllers. The touch screen controller market has recorded massive growth in recent years. The increased global demand is the central aspect causing an upsurge in the market's growth. Additionally, the controllers can be applications as circuits, which act like an interface between the sensor and the device. The global touch screen controller market is anticipated to record a substantial CAGR over the review timeframe.
|Market Size by 2030||USD 13.55 Billion|
|Growth YoY||14.95% CAGR (2022-2030)|
|Key Market Opportunities||Increased quantum of demand for smart consumer electronic products|
|Key Market Drivers||The manufacturers ate opting for better facilities related to touch screens and providing the needful for the production operations.|
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Market USP Covered
Touch Screen Controllers Market Drivers
The global touch screen controllers market for touch screen controllers has recorded a substantial rise in the growth rate in recent years. The market's growth is credited to the extending services to consumer electronics and the short replacement cycle of electronic devices.
Touch Screen Controllers Market Restraints
On the other hand, the high prices of the quality interface will likely restrict the market's growth.
The global COVID-19 pandemic has had a significant impact on the majority of the market sectors across the globe. With the rapid spread of the disease across most regions worldwide, the governments imposed partial or complete lockdowns during the pandemic. The travel restrictions and social distancing norms imposed by the governing authorities led to causing severe disruptions in the supply chain networks. The vigorous spread of the disease worldwide has impacted the global economies given the mass shutdown of the industries, manufacturing, and production units. With the worldwide implementation of both and permanent lockdowns, the people were pushed to implement the concept of working from home. The idea of working from home, coupled with the global pandemic's effect, has positively influenced the touchscreen controllers market. Unlike any other industrial area, the global touch screen controllers market recorded positive growth during the pandemic period. Given the developments and technological requirements, people across the globe are shifting towards implementing consumer electronics that are touchscreen-based. This is considered the primary aspect is supporting the market's growth in recent times.
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Additionally, the governments of several economies are assigning budgets for the research and development activities related to touch-related services and products, therefore allowing bulk adoption of the touchscreen devices trend. First, the pandemic arrived in Wuhan (China) in December 2019, and ever since, it has spread to more than 215 countries across the globe in a concise while. Developed countries such as Italy, the U.K., Russia, India, the U.S., Turkey, Spain, France, and Brazil are some of the most impacted countries by the global health crisis. On the other hand, with the fading impact of the global pandemic, the global economy is getting back on track. Along with that, the global touch screen controllers market will likely record substantial growth over the coming years.
Touch Screen Controllers Market Segment Analysis
Among all the types, the capacitive controller segment is anticipated to dominate the global market for touch screen controllers over the review timeframe.
Among all the interfaces, the I2C segment is anticipated to lead the global capacitive controllers market over the coming years.
Among all the application areas, the smartphone segment will likely lead the global capacitive controllers market over the review timeframe.
Among all the end-use sectors, the automotive segment is anticipated to dominate the global market for capacitive controllers over the forecasted timeframe. The rapid implementation of these controllers across the vehicles is the primary aspect causing an upsurge in the segment's growth.
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Touch Screen Controllers Market Regional Analysis
The global touch screen controllers market is analysed across five major regions: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
According to the analysis reports by MRFR, the Asia-Pacific region is anticipated to dominate the global market for touch screen controllers over the review timeframe. The region has leading growth contributors such as Japan, China, and India. The regional market's growth is mainly credited to the flowing development in industrial automation. Furthermore, the manufacturing sector is gaining substantial funding, which is anticipated to boost the regional market's growth over the coming years. Moreover, the constant technological advancement in the field is another crucial parameter supporting the regional market's growth over the forecasted timeframe.
The touch screen controllers market for the North American region is anticipated to flourish substantially over the review timeframe. The US is the primary growth contributor across the region.
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The list of prominent leaders across the touch screen controllers market includes companies such as:
- ELAN Microelectronic Corp (Taiwan)
- Analog Devices, Inc (U.S.)
- Synaptics Incorporated (U.S.)
- Texas Instruments Incorporated (U.S.)
- NXP Semiconductors N.V. (Netherlands)
- Integrated Device Technology, Inc. (U.S.)
- MELFAS Co. Ltd (Korea)
- STMicroelectronics (Switzerland), Broadcom Corporation (U.S.)
- Samsung Electronics Co. Ltd. (South Korea)
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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