Global Touch Screen Controllers Market is Growing at CAGR of 16% and Expected to Reach USD 10 Billion by 2022
Global Touch Screen Controllers Market by Technology (Resistive Controller, Capacitive Controller), Interface (I2C, SPI, USB, URT), Application (PDAs, Smart phones, GPS devices, Media Players, Industry control displays, Portable instruments) and End-users (Healthcare, Automotive, Banking, Industrial, Consumer Electronics)- Forecast to 2022
Pune, India – March 22, 2017 /MarketersMedia/ —
Market Highlights
Global Touch Screen Controllers Market is poised to reach at market size of USD 10 billion by end of year 2022 at growing with 16% CAGR. The growth in the touch screen controllers market is driven by the growing integration of touchscreens in automobiles, increasing demand for smart consumer electronics; also capacitive controllers are highly responsive and provide a real-time feel while minimizing power consumption.
The rapid growth of internet of things across the world and touch screen devices are used in the education sector could create opportunities for the manufacturers of touch screen controllers and hence it is expected to boost the Global Touch Screen Controllers Market over the forecast period, 2016-2022.
The major issues hampering the growth of the global touch screen controllers market are high technical complications in collecting data, screen sizing and false triggering of switches especially in smaller touch screen devices.
This study provides an overview of the global touch screen controllers market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast focusing on the market opportunities for the next five years for each region.
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Key Players:
The key players of Global Touch Screen Controllers report include NXP Semiconductors N.V. (Netherlands), ELAN Microelectronic Corp (Taiwan), Integrated Device Technology, Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea) , Texas Instruments Incorporated (U.S.), Analog Devices, Inc (U.S.), STMicroelectronics (Switzerland), Broadcom Corporation (U.S.), MELFAS Co. Ltd (Korea), Synaptics Incorporated (U.S.) and others.
Touch Screen Controllers Market
The touch screen controllers market can be segmented into its technology, interface, application, end-users and regions. On the basis of technology it can be categorized into two types such as namely resistive and capacitive controller. Capacitive controller accounted for the largest market share majorly due to its features such as durability, reliability, and provides better operation through its multiple functionalities than resistive touch controllers.
Also, the automotive, banking and retail segments accounted for the largest market share, majorly due to development of innovative & modernized touch-based devices and the growing informative systems vehicles.
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Market Research Future Analysis
Global Touch Screen Controllers Market is expected to grow significantly. The market is highly application basis. Automotive and banking segment of touch screen controllers globally drives the market. The market is expected to have higher growth rate as compared to the previous years.
Asia-Pacific accounted to grow with a highest CAGR by the end of forecasted period. This rapid growth is due to high investments to adopt touch screen controllers for the automotive industry and also it is a manufacturing hub for all consumer electronics. The North-American region is expected to capture a largest market share over the forecast period, 2016-2022, majorly being one of the top manufacturing market of touch screen controllers and also because of the ever-changing consumer needs, followed by Europe.
Access the market data and market information presented through more than 25 market data tables and 25 figures spread over 100 numbers of pages of the project report “Global Touch Screen Controllers Market – Forecast to 2022”
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