Touchscreen Controller Market Comprehensive Research Study 2022
Global Touchscreen Controller 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 Touchscreen Controller 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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The Touchscreen Controller Market has been segmented with respect to technology, interface, application, and end-users.
The type-based market segments identified in the report include resistive as well as capacitive controller.
The interface-wise segments covered in the report are USB, I2C, SPI, and URT.
Various applications of touch screen controllers are GPS devices, media players, smartphones, control displays, and more.
The different end-users inundating the global market are automotive, healthcare, industrial, consumer electronics, and banking, among others. Between these, the automotive segment managed to take the lead in the market.
The key players of global touch screen controllers report include NXP Semiconductors N.V. (Netherlands), ELAN Microelectronic Corp (Taiwan), Integrated Device Technology, Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea) , Texas Instruments Incorporated (U.S.), Analog Devices, Inc (U.S.), STMicroelectronics (Switzerland), Broadcom Corporation (U.S.), MELFAS Co. Ltd (Korea), Synaptics Incorporated (U.S.) and others.
Market Research Future Analysis
Asia Pacific (APAC), North America, the Middle East and Africa (MEA) and Europe are the leading markets for touch screen controllers across the globe.
With the largest share, APAC has clinched the top position in the touch screen controllers market. The most profitable markets in the region are Japan, India, and China, on account of the rapid advancements in industrial automation, growing investments in the manufacturing sector and the rising integration of advance systems with touchscreens. The upward trajectory of the demand for consumer electronics makes a huge difference in the touch screen controller market in the region. Also, the rising popularity of smartwatches in China and the subsequent increase in its demand is set to give a considerable boost to the market growth in the ensuing years.
North America can show steady progress in the years ahead, with the United States (U.S) being on"
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