The global touch controller IC market is forecast to grow at a CAGR of 12% over the projected period, with revenues increasing from US$ 1,213.3 million in 2022 to nearly US$ 3,753.1 million by 2032.
The need for better user interfaces and space efficiency drives technological advancements in the devices used by end-users in the consumer and enterprise markets. There are currently very few device categories that do not employ touch displays as a result of the end-user device market migrating to touch screens in response to this demand.
The proliferation of touch screens in the market and the resulting growth of touch screen technology must be complemented by touch controller ICs that act as a control devices for touch screens. A touch controller IC is a microcontroller that allows a touch screen to register and analyze user input. The touch controller IC also acts as a link between the device’s processor and the touch screen responsible for most of the device’s I/O functions.
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Touch Controller IC Market: Drivers and Challenges
IoT devices are rapidly adopted by users who increasingly rely on touch screens for an improved user experience. Operating systems and software solutions are also being redesigned to work seamlessly with touch-enabled devices with touch-controller ICs.
This in turn is driving the demand for touch screens and touch controller ICs in the market. While touch screens enable features such as improved user interfaces and device space optimization, they are prone to damage and are more expensive than keypad-based systems.
This is why many devices that operate in harsh or industrial environments prefer keypad-based systems over touch controls. The fragile nature of touch screens is hindering the growth of the touch controller IC market.
Touch Controller IC Market: Regional Overview
North American users have the ability to spend and tend to adopt more expensive devices faster than elsewhere. The number of devices per user is expected to increase in the region over the next few years, driving the growth of Touch Controller ICs in the region.
APAC and Europe are also expected to contribute significantly to the touch controller IC market, owing to the growth of industrial automation and the increasing economics of touch screens manufactured by local vendors.
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Touch Controller IC Market: Competitive Landscape
Touch Controller IC Market: Major Contracts/Contracts/Acquisitions
ST Microelectronics has been selected as the leading game console provider for Nintendo to provide touch controller ICs for its Nintendo Switch products.
Touch Controller IC Market: Key Players
Key players in the touch controller IC market include Synaptics Inc., Texas Instruments Inc., NXP Semiconductors NV, ROHM Semiconductors, Samsung Electronics Co. Ltd., ST Microelectronics, Integrated Device Technology Inc., Analog Devices Inc., Melfas Inc. . and Focal Technology Systems co. Corporation
Regional analysis of the Touch Controller IC market includes the development of these systems in the following regions:
- North America
- USA and Canada
- Latin America
- Brazil, Argentina, and others
- Europe
- EU5
- North Europe
- Benelux
- Poland
- Russia
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC countries
- Other Middle East
- north Africa
- South Africa
- other Africa
The report is a compilation of first-hand information by industry analysts, qualitative and quantitative assessments, and input from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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