Market Overview
Global Touch Screen Controllers Market, according to the report by Market Research Future (MRFR), is expected to reach a substantial market valuation of USD 10 billion by the end of 2022 with a moderate 16% CAGR during the forecast period (2016-2022).
Drivers and Restraints
The critical driving factors contributing to the growth of the touch screen controllers market are the growing demand for smart electronic devices, the rising demand for the touch screens by numerous automotive manufacturers to offer GPS facility and other entertainment facilities, increasing trends of wearable devices, and an improved market for capacitive technology. Moreover, the increasing growth of, internet of things across the globe and touch screen devices are used in the education sector could create growth opportunities for the producers of touch screen controllers. The factors limiting the growth of the market are technological complications in collecting data and false triggering of switches, particularly in smaller touch screen devices.
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Segmental Analysis
The global market for touch screen controllers has been segmented on the basis of interface, technology, end-users, application, and region. On the basis of the type, the market has been bifurcated into a resistive and capacitive controller. On the basis of interface, the market can be segmented as USB, I2C, URT, and SPI. On the basis of application, the market for touch screen controllers consists of media players, control displays, smartphones, GPS devices, among others. on the basis of end-users, the Touch Screen Controllers Market can be segmented into- healthcare, automotive, banking, among others. The automotive and banking segment of touch screen controllers globally drives the market. The market is expected to have a higher growth rate as compared to the previous years.
On the basis of end-users, the global touch screen controllers market can be segmented into healthcare, automotive, industrial, banking, and consumer electronics among others. Out of these, the automotive segment accounted for the largest market share. The technology is improving as more number of companies are launching competitive products.
Detailed Regional Analysis
The global touch screen controllers market has been studied in four regions, including Europe, North America, Asia-Pacific, and RoW.
Asia-Pacific accounted to grow with the market's highest CAGR by the end of the forecasted period. This rapid growth is attributed to the higher investments towards research and development activities for the advancement of touch screen controllers. The higher disposable income of the population enables it to adopt touch screen controllers for the automotive industry. The established and thriving automotive industry is expected to witness constant growth and technological integration, which is expected to fuel market growth over the review period. Moreover, the region has grown into a manufacturing hub for all consumer electronics, especially developing countries such as India and China. The North-American region is estimated to capture, most significant market share over the forecast period, majorly being one of the top manufacturing markets of touch screen controllers and also because of the ever-changing consumer needs, followed by Europe. The presence of an established automotive industry, with a higher concentration of major market players in North American developed countries, the US and Canada, and European developed countries such as the Netherlands, The UK, Germany, France and others, is also expected to contribute towards the market growth in these regions.
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Intended Audience
- Touch Screen Controllers Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Developers
- Vendors
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Technology Investors
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Market HighlightsThe global touch screen controllers market is poised to reach at market size of USD 10 billion by end of year 2022 at growing with 16% CAGR.
The growth in the touch screen controllers market is driven by the growing integration of touchscreens in automobiles, increasing demand for smart consumer electronics; also capacitive controllers are highly responsive and provide a real-time feel while minimizing power consumption.The rapid growth of internet of things across the world and touch screen devices are used in the education sector could create opportunities for the manufacturers of touch screen controllers and hence it is expected to boost the global touch screen controllers market over the forecast period, 2016-2022.The major issues hampering the growth of the global Touch Screen Controllers Market are high technical complications in collecting data, screen sizing and false triggering of switches especially in smaller touch screen devices.This study provides an overview of the global touch screen controllers market, tracking four market segments across four geographic regions.
The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World.
The report also provides a forecast focusing on the market opportunities for the next five years for each region.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2352Market Research Future AnalysisThe global touch screen controllers market is expected to grow significantly.
Automotive and banking segment of touch screen controllers globally drives the market.
The North-American region is expected to capture a largest market share over the forecast period, 2016-2022, majorly being one of the top manufacturing market of touch screen controllers and also because of the ever-changing consumer needs, followed by Europe.Segments:The Global Touch Screen Controllers market has been segmented on the basis of technology, interface, application, end-users and region.
