Market Research Future published a research report on “Touch Sensors Market Research Report-Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – January 14, 2019 —
The global touch sensor market is presumed to exhibit a remarkable CAGR during the forecast period (2016-2027) owing to the growing demand for touch sensor devices, asserts Market Research Future (MRFR). Touch sensors detect the presence of close objects or touch without relying on physical contact. It is more reliable and convenient to use as it does not comprise any moving parts like a potentiometer or a mechanical switch. Touch sensor is one of the important components used in touchscreen along with a software driver and a controller integrated circuit.
Drivers and Restraints Impacting the Market
The increasing demand for touch-sensor devices drives the Touch Sensor Market. With the growing digital technology, increasing use of touch-enabled displays, and increasing demand for tablets and smartphones, the market is anticipated to augment during the assessment period. Moreover, its simple user interface and low response time enable its use in devices where space is at a premium. Thus, designer has greater freedom for designing at a reduced system cost. Touch sensor is completely sealable and creates a device that is resistant to dust and water spills to a large extent. Such factors are likely to stimulate the market growth during the review period. Moreover, the rising adoption of touch-enabled devices in hospitality, retail, education, and healthcare is expected to inhibit the market growth.
On the flip side, high power consumption and high production cost associated with touch sensors are anticipated to retard the market growth in the coming years.
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Some of the major players in Global Touch Sensors market include 3M, Honeywell, Infineon, ON semiconductor, Texas instruments, Atmel, Siemens, Fujitsu, Bean air and Banpil photonics among others.
Touch Sensors Global Market – Segmentation
The Touch Sensors market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
• Segmentation By Type: Sensors (capacitive, resistive and infrared & surface acoustic wave (SAW)), and touch pads (linear/rotational sliders, rotary wheels among others) among others.
• Segmentation By Applications: gaming controllers, home entertainment and appliances, cellular handsets and portable media devices among others.
• Segmentation By Regions: Geographical Regions – North America, Europe, Asia Pacific and Rest Of The World.
Touch Sensors Global Market – Competitive Analysis
The market of Touch Sensors appears to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
Touch Sensors Global Market – Regional Analysis
North America is dominating the global Touch Sensors market with the largest market share owing to presence of major players such as Honeywell International Inc., Texas instruments, Inc. and among others, in the region. Global Touch Sensors market in European market is expected to grow at a substantial high CAGR during 2018 to 2023 due to growing penetration of smartphone market. The Asia Pacific market for Touch Sensors market is expected to grow at a considerable CAGR (2018-2023). This is due to the growing advancements in the electronics industry.
February 2018: Apple Inc. has recently invented an advanced Apple pencil which can work with non-touch surfaces and supports 3D and AR editing applications. The advanced Apple Pencil design allows working with an iMac or MacBook by writing or drawing on the surface of an office desk or any other surfaces.
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• Component manufacturers
• Chip designers
• Electronics and semiconductor companies
• Consumer electronics manufacturers
• Sensor manufacturers
• Technology providers
• Original equipment manufacturers (OEMs)
• Technology standards organizations, forums, alliances, and associations
• Universities and research organizations
• Government bodies
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Name: Abhishek Sawant
Organization: Market Research Future
This news is published on Reuters.