The global touch controller IC market is expected to achieve a revenue of approximately US$ 4,297.3 million by the year 2033. This substantial growth represents a significant increase from the 2023 revenue of US$ 1,243.3 million. The market is projected to experience rapid expansion, with a CAGR of 6.2% during the forecast period.
The touch controller IC industry outlook is positively swayed by the technological advancements in devices used by end users in consumer and enterprise markets, being driven by the need for a better user interface and optimization of space.
The proliferation of touch screens in the market and the resulting growth of touch screen technology must be complemented by touch controller ICs that act as control devices for touch screens. A touch controller IC is a microcontroller that allows a touch screen to register and analyze user input. The touch controller IC also acts as a link between the device’s processor and the touch screen responsible for most of the device’s I/O functions.
Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-4725
Touch Controller IC Market: Drivers and Challenges
IoT devices are rapidly adopted by users who increasingly rely on touch screens for an improved user experience. Operating systems and software solutions are also being redesigned to work seamlessly with touch-enabled devices with touch-controller ICs.
This in turn is driving the demand for touch screens and touch controller ICs in the market. While touch screens enable features such as improved user interfaces and device space optimization, they are prone to damage and are more expensive than keypad-based systems.
This is why many devices that operate in harsh or industrial environments prefer keypad-based systems over touch controls. The fragile nature of touch screens is hindering the growth of the touch controller IC market.
Touch Controller IC Market: Regional Overview
North American users have the ability to spend and tend to adopt more expensive devices faster than elsewhere. The number of devices per user is expected to increase in the region over the next few years, driving the growth of Touch Controller ICs in the region.
APAC and Europe are also expected to contribute significantly to the touch controller IC market, owing to the growth of industrial automation and the increasing economics of touch screens manufactured by local vendors.
Recent Developments in the market:
- STMicroelectronics was selected by Nintendo, a leading gaming console provider, to provide touch controller ICs for its product Nintendo Switch.
- Parade Technologies, Ltd., a leading producer of touch controller ICs, has added the TC3220 to its eDP Timing Controller (Tcon) embedded driver (TED) range. The TC3220 is an integrated circuit intended for thin LCD display panels.
Leading Key Players:
- Synaptics Inc.
- Texas Instruments Inc.
- NXP Semiconductors N.V.
- ROHM Semiconductors
- Samsung Electronics Co. Ltd.
- STMicroelectronics
- Integrated Device Technology Inc.
- Analog Devices Inc.
- Melfas Inc.
- Focal tech systems co. Ltd.
Seize this Opportunity: Buy Now for a Thorough Report
https://www.futuremarketinsights.com/checkout/4725
Touch Controller IC Market Segmentation:
By Screen Technology:
- Capacitive Touch Screen
- Resistive Touch Screen
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube