According to the new market research report "Touchscreen Controller Market by Technology (Resistive & Capacitive), Interface (I2C, SPI, USB), Touchscreen Technology (Single-Touch & Multi-Touch), Screen Size (Small & Medium, and Large), Application, and Geography - Global Forecast to 2022", the touchscreen controller market is expected to reach USD 9.11 Billion by 2022, at a CAGR of 15.2% between 2016 and 2022. The major drivers for the touchscreen controller market are the growing integration of touchscreens in automobiles, increasing trends of wearable devices, and high demand for capacitive touchscreen technology.
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Browse 69 market data Tables and 83 Figures spread through 172 Pages and in-depth TOC on "Touchscreen Controller Market"
The report covers the touchscreen controller market segmented on the basis of technology, interface, touchscreen technology, screen size, application and geography. The capacitive controller technology led the touchscreen controller market due to the high demand for capacitive technology from various devices in consumer electronics as well as commercial applications. Besides, the major factors responsible for increasing the popularity of capacitive touchscreen controllers are highly responsive nature and they provide a real-time feel while minimizing power consumption.
The market for multi-touchscreen technology is expected to witness significant growth during the forecast period. The rapidly increasing devices which require touchscreen technology supporting multi-touch features have driven the market for touchscreen controllers complying with the requirements of multi-touchscreen technology. The major applications that use multi-touch panels include consumer electronics such as smartphones, tablet, wearable devices, laptops, and other electronic devices, whereas commercial applications include infotainment systems in automotive, and e-boards in education sectors, among others.
The commercial segment is expected to grow at the high market rate of the touchscreen controller market during the forecast period. Technological advancements in various segments such as healthcare, automotive, banking, retail, education & training have resulted into the development of innovative and modernized touch-based devices. These applications use touchscreen to enhance the user experience and encourage interactivity. The rapidly growing increasing installation of touch-based ATMs and Kiosk systems and the growing demand for infotainment systems in vehicles is expected to drive this market.
Asia-Pacific held the largest size of the touchscreen controller market in 2015. The leading position of Asia-Pacific can be attributed to the wide presence of a number of leading consumer electronics manufacturers such as Sony Corp. (Japan), Samsung SDI Co., Ltd. (South Korea), HTC Corp (Taiwan), Panasonic Corp. (Japan), Huawei Technologies Co., Ltd. (China), and LG Electronics Inc. (South Korea), among others in the region.
The key restraining factors for the growth of the touchscreen controller market is the technical complications to obtain the right refresh rate and power consumption in accordance to the requirements of the rapidly changing touch-screen devices. This report describes the drivers, restraints, opportunities, and challenges pertaining to the touchscreen controller market. Additionally, it analyzes the current scenario and forecasts the market till 2022, including the market segmentation basis of technology, interface, touchscreen technology, screen size, application and geography.
Some of the major companies operating in the touchscreen controller market include Microchip Technology Incorporated (U.S.), Synaptics Incorporated (U.S.), STMicroelectronics N.V. (Switzerland), Cypress Semiconductor Corporation (U.S.), Texas Instruments Inc. (U.S.), Broadcom Limited (U.S.), Analog Devices Inc. (U.S.), Melfas Incorporated (Korea), Elan Microelectronics Corp. (Taiwan), NXP Semiconductors N.V. (Netherlands), Integrated Device Technology, Inc. (U.S.), and Samsung Electronics Co. Ltd. (South Korea), among others.
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Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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