According to forecasts, the touch controller IC market is expected to be valued at US$ 1,243.3 million in 2023 and US$ 4,297.3 million by 2033.
A key factor boosting the market share of touch controller ICs is increased sales of electronic gadgets. The market is expanding faster owing to the rising demand for capacitive touch panels, which are controller displays that predominantly use conductive human finger contact or specialized devices for input into smartphones and tablets.
Multi-touch technology for consumer electronics, such as touch pens and stylus devices, is the main emphasis of market providers. Consequently, throughout the projected period, the worldwide touch controller ICs market is likely to grow due to increased demand for such usable smart electronics.
Several national and international suppliers are present in the industry, but North American firms like Synaptic, Cypress Semiconductors, and Microchip Technology have dominated it. Nonetheless, the increase in participants from the APAC area has further heightened the level of competitiveness.
Consumer electronics makers encourage users to test this technology by introducing flexible screens. The demand for flexible displays is projected to benefit the growth of touch controller ICs since they are installed in high-end devices with sophisticated features and are compatible with all types of electronic devices.
Key Takeaways
- By 2033, the touch controller IC market in the United Kingdom is likely to expand, with a CAGR of 4.3%.
- In 2022, the United States developed the touch controller IC business with a share of 16.9%.
- The touch controller IC market grew considerably to US$ 1,213.3 million in 2022.
- The touch controller IC sector expanded at a CAGR of 10.2% from 2018 to 2022.
- By 2033, China’s touch controller IC market is projected to develop with a CAGR of 5.8%.
- By 2033, India’s touch controller IC industry is projected to develop with a CAGR of 7.1%.
- Japan’s touch controller IC industry expanded significantly, with a 4.4% share in 2022.
- Australia’s touch controller IC sector grew with a share of 2.8% in 2022.
- In 2022, the capacity screen touch segment dominated the market, with a share of 67.6%, based on technology.
Competitors Winning Strategies
Cypress, Melfas Inc., Atmel Corp., Synaptics, Image Technology Inc., and Zinitix Co., Ltd. are key competitors in the worldwide touch controller IC sector. Businesses are putting their efforts into research and development to create touch controller IC with more cutting-edge technology. Companies have also been heavily involved in strategic partnerships, mergers and acquisitions, developing new products, and collaborations to increase their market share and attract new customers.
Recent Developments:
- A 2017 start-up company named UltraSense Systems Inc. (San Jose, Calif.) has created an ultrasound-based user interface. The company developed an ultrasonic actuator/sensor attached to an enclosure’s inside surface to provide a touch user interface.
- The TC3220 has been added to the lineup of eDP Timing Controller (Tcon) embedded drivers by Parade Technologies, Ltd., a well-known manufacturer of touch controller ICs. An integrated circuit called the TC3220 is made for small LCD panels.
Key Segments
By Screen Technology:
- Capacitive Touch Screen
- Resistive Touch Screen
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
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