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(Transportation-News.com, May 27, 2017 ) 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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Capacitive technology expected to lead the market
The touchscreen controllers based on capacitive technology are found in various devices in consumer electronics applications such as smartphones, tablets, laptops, wearable devices, and others. Capacitive touchscreen controllers are durable, more reliable, and provide better operation through its multiple functionalities than resistive touch controllers. These controllers are highly responsive and provide a real-time feel while minimizing power consumption, thereby improving the operating life of a battery-driven device. Moreover, these are among the major factors responsible for increasing the popularity of capacitive touchscreen controllers.
Commercial application is expected to grow at a high rate
The 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 market share in 2015
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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