Touch Screen Controllers Market – Growth, Trends And Forecast (2020 – 2024)
The touch screen controllers can be classified on the basis of product type. It can be widely divided as Surface Acoustic Wave touchscreens, Infrared touchscreens, Optical imaging touchscreens and Acoustic pulse recognition. The scope of the study is limited to Restrictive and Capacitive due to its wider adoption in the touchscreen market.
The global touchscreen controllers market (henceforth, referred to as the market studied) was valued at USD 4.04 billion in 2018, and it is expected to reach USD 9.17 billion by 2024, registering a CAGR of 14.95%, during the forecast period (2020-2024).
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Top Companies in the Global Touch Screen Controllers Market:
NXP Semiconductors, Integrated Device Technology Inc., SAMSUNG Electronics Co. Ltd, Texas Instruments Incorporated, Analog Devices Inc., STMicroelectronics, MELFAS Co. Ltd, Synaptics Incorporated, Semtech Corporation, Microchip Technology Inc. among others.
– Technological investments in gesture recognition have propelled the market growth by supporting gestures, such as slide, pinch-to-zoom, swipe (or flick), twist, and press-and-hold (or long press). Moreover, the automotive sector has significantly impacted the touchscreen controller industry.
– In addition to an increase in touchscreen units shipped, the projected capacitive touchscreens are replacing resistive technology in automotive applications.
– With so many requirements to fulfill, creating a high-quality touch interface is challenging. These different requirements can sometimes conflict with each other, leading to trade-offs, unless the system is designed in a smart manner.
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Key Market Trends:
Consumer Electronics is expected to hold the Major Share
– The consumer electronics is one of the most important and significant shareholding segment in the market. The fast paced demand from the segment for new and innovative products have seen touchscreen being embraced by multiple products.
– Mobiles, wearables, tablets, laptops, and PCs are among few consumer electronic products that have adopted the touch capabilities on a broader scale. Of late, products, such as washing machines, refrigerators, copiers etc. all have started equipping themselves with touch enabled interfaces to offer better consumer experience and create a differentiated demand.
– The competition in wearables segment is expected to grow as it has become more affordable and the volume of the devices crossing billion mark, by end of the forecast period.
– Foldable mobile phones are expected to bring more competition in market for controllers that support these systems. 5G devices are expected to sustain the demand growth of mobile devices and boost the demand in the market segment.
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Influence Of The Touch Screen Controllers Market Report:
-Comprehensive assessment of all opportunities and risk in the Touch Screen Controllers market.
-Touch Screen Controllers market recent innovations and major events.
-Detailed study of business strategies for growth of the Touch Screen Controllers market-leading players.
-Conclusive study about the growth plot of Touch Screen Controllers market for forthcoming years.
-In-depth understanding of Touch Screen Controllers market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital market latest trends striking the Touch Screen Controllers market.
Finally, Touch Screen Controllers Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Touch Screen Controllers industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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