How Has The Touch Screen Controllers Market Size Evolved In Recent Years?
The touch screen controllers market has seen considerable growth due to a variety of factors.
• The market size for touch screen controllers has seen a swift expansion in the past few years. The market, which was worth $11.59 billion in 2024, is projected to rise to $13.52 billion in 2025, indicating a compound annual growth rate (CAGR) of 16.6%.
This increase during the historical period is largely due to the surge in mobile devices, the expansion of consumer electronics, advancements in industrial automation, increased use of medical devices and the growth in retail and POS systems.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Touch Screen Controllers Market?
The touch screen controllers market is expected to maintain its strong growth trajectory in upcoming years.
• The market for touch screen controllers is anticipated to experience rapid expansion in the coming years, with its worth projected to reach $26.16 billion by 2029. This implies a compound annual growth rate (CAGR) of 17.9%.
Factors contributing to this growth during the projected period include the incorporation of touch screens in automobiles, the advent of 5G connectivity, emerging markets, the rise of gaming and VR/AR, and the digital transformation of healthcare. Emerging trends expected to influence the market growth during this period include the use of in-display fingerprint sensors, edge-to-edge displays, gesture recognition, the implementation of OLED and AMOLED displays, and the integration of multi-touch and multi-modal interaction.
Which Drivers Are Accelerating Growth In The Touch Screen Controllers Market?
The rising consumption of electronic products contributes to the expansion in the touch screen controllers market. Recently, several electronic items such as smartphones, laptops, personal computers, handheld devices like MP3 players, tablets, and other appliances such as washing machines, refrigerators, and photocopiers are also integrating touch screen controllers. This broad-based demand for technologically progressive touch screen controllers in electronics is fuelling the call for these controllers. Additionally, due to the COVID-19 outbreak, educational bodies and businesses turned to virtual learning and remote working, thus increasing the use of electronics remarkably and leading to a surge in the industry. Consumer purchasing patterns have shifted towards buying electronic items through eCommerce platforms, causing a boom in the electronic eCommerce industry. Predictions for electronic commerce sales in 2022 show a growth of more than $79 million which is a rise of 7% from 2021.
What Are The Core Segments Of The Global Touch Screen Controllers Market?
The touch screen controllers market covered in this report is segmented –
1) By Technology: Resistive, Capacitive
2) By Touchscreen Technology: Single-touch Technology, Multi-touch Technology
3) By Interface Type: Inter-Integrated Circuit (I2C), Serial Peripheral Interface (SPI), Universal Serial Bus (USB), Universal Asynchronous Receiver/Transmitter (UART)
4) By End User: Consumer Electronics, Automotive, Retail, Healthcare, Banking
Subsegments:
1) By Inter-Integrated Circuit (I2C): Standard I2C Controllers, High-Speed I2C Controllers
2) By Serial Peripheral Interface (SPI): Standard SPI Controllers, Dual And Quad SPI Controllers,
3) By Universal Serial Bus (USB): USB 2.0 Controllers, USB 3.0 Controllers, USB-C Controllers
4) By Universal Asynchronous Receiver Or Transmitter (UART): Standard UART Controllers, High-Speed UART Controllers
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Which Emerging Trends Are Reshaping The Touch Screen Controllers Market Size?
The progress in touch screen controller technology exemplifies a developing trend in the touch screen controllers market. This sector continually presents innovative breakthroughs due to the manufacturer's ambition to introduce novel products and capture a competitive edge. An illustration of this was in April 2024 when Microchip Technology, an American producer of microcontrollers and solutions, introduced the MXT2952TD 2.0 series of secure touch screen controllers. These controllers boast encryption features for touch data, safeguarding sensitive data during transactions and proving essential for Payment Card Industry (PCI) certification compliance. In addition to this, the controllers provide cryptographic authentication for software updates, reducing the chance of unauthorized intervention and ensuring that only authenticated updates are implemented.
Who Are the Key Players in the Touch Screen Controllers Market?
Major companies operating in the touch screen controllers market include:
• Analog Devices Inc.
• Broadcom Limited
• Cypress Semiconductor Corporation
• ELAN Microelectronics Corp.
• Microchip Technology Incorporated
• Melfas Incorporated
• NXP Semiconductors N.V.
• Samsung Electronics Co. Ltd
• Texas Instruments Incorporated
• STMicroelectronics N.V.
• Synaptics Incorporated
• Lucky GoldstarElectronics
• Panasonic Corporation
• Renesas Electronics Corporation
• ROHM Co.Ltd.
• FocalTech Systems Co. Ltd.
• Goodix Technology Inc.
• Himax Technologies Inc.
• Mstar Semiconductor Inc.
• Novatek Microelectronics Corp.
• Raydium Semiconductor Corporation
• Sony Corporation
What are the Regional Insights into the Touch Screen Controllers Market?
Asia-Pacific was the largest region in the touch screen controllers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the touch screen controllers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
