Touch Screen Controllers Market-Overview
According to Market Research Future (MRFR), the global touch screen controllers market is projected to reach USD 10 billion with a 16% CAGR from 2016-2022 (forecast period). The study provides a complete and accurate overview of the effects of COVID-19 on the global touch screen controllers industry. The in-depth study offers information on the influence of the outbreak on the economic and business situation, developments, and predictions of the global Touch Screen Controllers Market.
The touch screen controller is an essential device for touch screen display. The touch screen display can be described as a pressure-sensitive device with a sense of pressure when touched on the display screen.
The important factors responsible for the development of the market for touch screen controllers are the growing demand for smart electronic devices, the increasing demand for a touch screen by various automotive manufacturers to provide GPS and other entertainment facilities, the increasing trends in wearable devices, and the high demand for capacitive technology. In addition, the rapid growth of the Internet of Things around the world and the use of touch screen devices in the education sector could create opportunities for manufacturers of touch screen controllers. The factors that limit the development of the market are the technical complications of data collection and the false triggering of switches, particularly in smaller touch screen devices.
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The industry giants in the global touch screen controllers market are NXP Semiconductors N.V. (Netherlands), Texas Instruments Incorporated (U.S.), ELAN Microelectronic Corp (Taiwan), Integrated Device Technology, Inc. (U.S.), STMicroelectronics (Switzerland), Samsung Electronics Co. Ltd. (South Korea), Analog Devices, Inc (U.S.), Broadcom Corporation (U.S.), MELFAS Co. Ltd (Korea), Synaptics Incorporated (U.S.) and others.
The global market for touch screen controllers has been segmented into technology, interface, application, and end-users.
By type, the global touch screen controllers market has been bifurcated into resistive and capacitive controller. The resistive touch screen panel is covered with a metallic electrical resistive and conductive layer that can cause electrical current changes that are registered when touched and sent to the controller for processing. The capacitive touch screen panel is coated with a substance that stores electrical charges. When touched, the charge is drawn to the point of contact, and the circuits located in the panel calculate the charge, and then the information is sent to the controller to process it.
On the basis of interface, the global touch screen controllers market has been segmented into I2C, USB, URT, and SPI.
Based on application, the global touch screen controllers market has been segmented into smartphones, media players, GPS devices, control displays, among others.
On the basis of end-users, the global touch screen controllers market has been segmented into healthcare, banking, industrial, automotive, and consumer electronics, among others. Of these, the automotive segment held the largest market share. The technology is improving as a more significant number of companies are launching competitive products.
Detailed Regional Analysis
Regionally, the global touch screen controllers market has been segmented into four regions: North America, Europe, Asia Pacific, and the rest of the world.
The Asia Pacific held the largest share, especially in countries such as China, Japan, and India, mainly due to the rapid growth of industrial automation, increased investment in manufacturing, and advanced system integrated with touchscreens.
The North American area is expected to expand at a steady pace, while the U.S. is one of the largest manufacturers of touch screen controllers, followed by Europe.
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