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The Global Touch Controller IC Market size is estimated to grow at a CAGR of 15.34% between 2023 and 2027. This touch controller IC market report extensively covers market segmentation by Product (automotive, smartphones, ATMs, and others), Technology (resistive touchscreen and capacitive touchscreen), and Geography (APAC, North America, Europe, Middle East and Africa, and South America) and geography APAC, North America, Europe, Middle East and Africa, and South America. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
Touch Controller IC Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Decelerate at a CAGR of 15.34% |
Market growth 2023-2027 |
USD 9,961.68 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
20.83 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, South Korea, Taiwan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Analog Devices Inc., Apex Material Technology Corp., Cirque Corp., eGalax eMPIA Technology Inc., Elo Touch Solutions Inc., FocalTech Systems Co. Ltd., Hycon Technology Corp., Infineon Technologies AG, Maxim Integrated Products Inc., MELFAS Inc., Microchip Technology Inc., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Silicon Laboratories Inc., Sitronix Technology Corp., Solomon Systech Ltd., STMicroelectronics NV, Synaptics Inc., and Texas Instruments Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Consumers are increasingly gravitating towards the digital realm, enticed by the array of features offered by touch devices. These include boundless touch capabilities, both single and multi-touch functionality, automotive touch systems, flexibility, the use of passive and active styluses, rapid responsiveness, a compact footprint, and dependable operation, all of which have spurred consumer adoption of touch interface products. Various industries are also embracing touch interfaces due to their user-friendliness and the enhanced experience they provide.
Furthermore, touchscreen technology has evolved beyond its primary role in mobile devices, infiltrating a broader range of consumer electronics. This expansion has significantly boosted the touch controller integrated circuits (ICs) market, with applications extending to e-readers, video games, automotive use, digital cameras, and more. Over 90% of the touch controller IC market revenue stems from consumer electronics like smartphones, wearables, and tablets. These dynamics are poised to fuel the global touch controller IC market's growth in the foreseeable future.
The introduction of motion controller is a key trend influencing the market growth. Motion control falls within the domain of automation, encompassing systems that precisely manage the movement of machinery components. Touch controller integrated circuits (ICs) have experienced rising demand since their debut in December 2016, courtesy of Oculus, a Facebook Inc. subsidiary. Oculus integrated touch controller ICs into its Oculus Rift and Gear VR products, the primary VR devices employing this technology.
The Oculus Touch controller boasts features like integrated earphones, sensors, and an intuitive gesture-driven interface, enhancing user immersion. It features a glove-like touch controller with an embedded touchscreen, strategically positioned between the touch panel and sensors to seamlessly interpret gestures. Notably, the touch controller IC chip for Oculus Rift maintains a compact form factor without compromising performance, effectively reducing motion blur and mitigating user motion sickness. These advancements are poised to propel the global touch controller IC market's growth in the forecasted period.
Implementation challenges is a key factor hindering the growth of the market. The touchscreen experience is paramount for user satisfaction in smartphones and tablets. The demand for capacitive touchscreens within various industries has surged since 2016, presenting challenges for designers tasked with their integration. Capacitive touchscreens must meet multiple criteria concurrently, including durability, noise reduction, and responsiveness, often conflicting due to a hardware-centric approach.
Escalating electronic device demand has prompted manufacturers to streamline touchscreen production by reducing material layers. For instance, touch sensors now utilize the ITO shield layer to protect them during finger pressure application. Eliminating this shield layer could expose the sensor to damage as the air gap increases and cohesion occurs, potentially harming the touch controller IC. Consequently, the IC may fail to convert signals into digital form, undermining device performance. These factors are expected to impede the global touch controller IC market's growth in the forecasted period.
The market share growth of the automotive segment will be significant during the forecast period. The increasing sales of premium and luxury vehicles are anticipated to drive the adoption of touch controller ICs, as these vehicles are integrated with technologically advanced solutions, such as navigation systems and infotainment systems. Moreover, the growing adoption of advanced driver assistance systems (ADAS) technologies in premium and luxury vehicles is anticipated to contribute to the growth of touch controllers during the forecast period.
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The automotive segment was valued at USD 796.89 million in 2017 and continued to grow until 2021. BMW, Daimler, Ford, GM, Mercedes, and Volkswagen are the most popular premium car automotive OEMs to have adopted touch controller ICs because of the increased demand for safety features and navigation systems in premium cars and product differentiation. Moreover, the increase in sales of luxury and premium vehicles is anticipated to drive the demand for touchscreens in vehicles for applications such as navigation, entertainment, and infotainment. This will drive the market for automotive touch-enabled screens during the forecast period. In addition, the automotive sector is adopting capacitive touch technology in its recent models, leading to the rise in the shipment of capacitive touchscreens.
Based on technology, the resistive touchscreen segment holds the largest market share. A resistive touchscreen comprises two flexible, coated sheets separated by an air gap or microdots. Offering a high 4096 x 4096 DPI resolution for precise touch control, it operates through pressure application. When pressure is exerted, the outer layer presses onto the next, triggering a response. This versatile technology accepts input from fingers, fingernails, styluses, or other objects.
Comprising multiple layers separated by thin barriers, the screen completes an electrical circuit when pressed, issuing commands. Despite its reliance on pressure, resistive touchscreens remain valuable, although newer capacitive touchscreen technologies have emerged due to technological advancements and heightened sensitivity. These factors are projected to impact the global touch controller IC market positively in the forecast period.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The Asia-Pacific (APAC) region is a hotspot for consumer electronics manufacturing, with many PC monitor, laptop, tablet, and interactive display makers based in South Korea, Taiwan, Japan, and China. Notable display panel manufacturers include BOE and CSOT in China, LG Display and Samsung Display in South Korea, and AU Optronics, Innolux, CPT, and HannStar in Taiwan. The region is also a major hub for automotive production, particularly in Japan and South Korea, which produce premium vehicles exported globally. Lower costs in countries like China and India attract automotive manufacturing, boosting opportunities for automotive display and touch controller IC manufacturers.
The touch controller IC market in the Asia-Pacific region faced significant setbacks in 2020 and early 2021 due to COVID-19. Lockdowns in countries like China, India, and South Korea disrupted semiconductor and electronics manufacturing. High mortality rates and global supply chain disruptions negatively impacted the market. However, the situation improved in the first half of 2021 with widespread vaccinations, eased lockdowns, and the revival of semiconductor supply chains. Government initiatives and reopening of sectors like automotive, retail, and banking increased demand for touch controller ICs. As retail outlets in malls also reopened, the regional touch controller IC market is poised for growth in the forecasted period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Analog Devices Inc.- The company offers a range of controller ICs for use with 4-wire resistive touch screens.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Apex Material Technology Corp., Cirque Corp., eGalax eMPIA Technology Inc., Elo Touch Solutions Inc., FocalTech Systems Co. Ltd., Hycon Technology Corp., Infineon Technologies AG, Maxim Integrated Products Inc., MELFAS Inc., Microchip Technology Inc., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Silicon Laboratories Inc., Sitronix Technology Corp., Solomon Systech Ltd., STMicroelectronics NV, Synaptics Inc., and Texas Instruments Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The touch controller ic market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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