Global Touch Screen Controllers Market 2024-2031

Global Touch Screen Controllers Market 2024-2031

Global Touch Screen Controllers Market Size, Share & Trends Analysis Report by Type (Capacitive and Resistive), by End-User (Industrial, Healthcare, Consumer Electronics, BFSI, Retail, and Other (Automotive)) Forecast Period (2024-2031)

Global touch screen controllers market is anticipated to grow at a significant CAGR of 13.2% during the forecast period (2024-2031). The growing trend for touch screen gazettes is a key driver for the global market growth. Technical complications to retain the right refresh rate and power consumption in accordance to rapidly changing touch screen devices may restrain the global market growth.

Market Dynamics

Growing Demand for Smartphones

A touch screen controller is an essential part of the smartphone which helps the consumer get the real feel of handling the phone by touching the screen, unlike touching buttons. With the growing smartphone industry, the touch screen controller market is also anticipated to grow globally. In August 2023, OnePlus has announced that the Ace 2 Pro will come with a new ""Q9+"" display from BOE. The new OLED panel is hyped to make the Android smartphone's screen clearer, brighter and more efficient. It is also now touted to beat the iPhone 14 Pro in terms of touch-response, even when exposed to the pouring rain. Such developments across smartphone segment are further aiding to the global market growth.

Rising Adoption of Industry 4.0

Industry 4.0 refers to the digitization of manufacturing through disruptive technologies, including data analytics, IoT and robotics. Touch screens supports this transformation by offering a seamless, intuitive way to facilitate the human-machine interaction which is of high importance in the industrial sector. Advancements in touch screens particularly advancements in durability have allowed the devices to make their way into more demanding environments, and the displays can even be integrated directly with industrial machinery to give users real-time control and visibility into their operations.

Market Segmentation

Our in-depth analysis of the global touch screen controllers market includes the following segments by type and end-user:

Based on type, the market is sub-segmented into capacitive and resistive.

Based on end-user, the market is sub-segmented into industrial, healthcare, consumer electronics, BFSI, retail, and other (automotive).

Capacitive Touch Screen Controller Holds Major Share in the Global Market

Based on the type, the global touch screen controllers market is sub-segmented into capacitive and resistive. Capacitive touch screen controller holds major share in the global market. The high adoption rate of this technology owing to its high touch sensitivity and accuracy, multi-touch support, sharp and vibrant images, utility without a stylus, and reliability is a key contributor to the segmental market growth. The high responsive nature of capacity touch screen controller provide user with a real time with minimum power consumption.

Regional Outlook

The global touch screen controllers market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).

Asia-Pacific Holds Major Market Share

Among all the regions, Asia-Pacific holds a significant share owing to the large scale production of electronic devices across the region. South Korea, China, and India are the major contributing countries to the regional market share. The significant presence of electronic manufacturing companies in China due to huge availability of raw material and economic labor along with campaigns such as Made in China is a key contributor to the regional market share. Touch screen controllers are becoming more prominent across the region which is further aiding to the regional market growth.

According to the India Brand Equity Foundation, India, considered a popular manufacturing hub, has grown its domestic electronics production from $29.0 billion in 2014-15 to $101.0 billion in 2022-23; and is anticipated to reach $300 billion by 2025-26. Further, in June 2023, the Union Cabinet has given its approval to introduce the Production-Linked Incentive (PLI) Schemes for Large Scale Electronics Manufacturing and IT Hardware for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Aatmanirbhar Bharat. Such initiatives are further contributing to the regional market growth.

Market Players Outlook

The major companies serving the global touch screen controllers market include Microchip Technology Inc., NXP Semiconductors N.V., Renesas Electronics Corp., STMicroelectronics N.V., and Texas Instruments Inc. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in June 2023, Crestron Electronics has released the TST-1080 Wireless Touch Screen, which offers customisable controls for video conferencing and presentations.

In October 2023, Movacolor has introduced a new portable touch screen controller featuring brand-new hardware and a single cable providing up to 15 meters of portability.With just a single CAN-bus cable, user no longer have multiple cables connected to the controller unit of its dosing system, ensuring a better-organized production environment and enhanced flexibility for the operator.

The Report Covers

Market value data analysis of 2023 and forecast to 2031.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global touch screen controllers market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.