The touchscreen controller market was valued at USD 3.68 Billion in 2015 and is expected to reach USD 9.11 Billion by 2022, at a CAGR of 15.2% between 2016 and 2022. The growth of this market is propelled by the increasing use of touchscreen in automobiles. With the introduction of touch panels, a market potential for the touch controllers has also been established. Therefore, the demand for touch controllers is expected to grow significantly in the near future.
Browse 69 market data Tables and 83 Figures spread through 172 Pages and in-depth TOC on "Touchscreen Controller Market"
The capacitive controller technology led the touchscreen controller market. The large market share of capacitive controller technology is attributed to the high demand for capacitive technology from various devices in consumer electronics applications such as smartphones, tablets, laptops, wearable devices, and others. Capacitive controllers are highly responsive and provide a real-time feel while minimizing power consumption. These are among the major factors responsible for increasing the popularity of capacitive touchscreen controllers as well as increasing use of capacitive touchscreens among manufacturers across various applications.
The consumer electronics to lead the touchscreen controller market during the forecast period. Touchscreens have been majorly used in consumer electronics such as smartphones, tablets, and laptops since many years. Smartphones, in particular, are the largest consumers of touchscreen as well as touch controllers. Besides these devices, touchscreens have also emerged in other consumer electronics devices such as gaming devices, and smart home devices, among others. Moreover, the growing innovation and increasing demand for advanced touchscreens are expected to further drive the touchscreen controller market.
The large market size of the Asia-Pacific region is attributed to the 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. Furthermore, the rapid development of industrial automation and growing investments in the manufacturing industry is increasing the use of automatized and advance system integrated with touchscreens. Moreover, the major touchscreen controller manufacturers such as Melfas Incorporated (Korea) as well as Samsung Electronics Co. Ltd. (South Korea), among others are present in the Asia-Pacific region, and are actively involved in new product launches, acquisitions, and partnerships to expand their market reach.
Major players in this 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).
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