The global touch controller IC market size was valued at nearly USD 4.88 Billion in 2022 and is anticipated to reach USD 17.63 Bn by 2031, expanding at a CAGR of 15.34% during 2023 – 2031. The growth of the market is attributed to the rising demand for touchscreens in laptops, LCDs, and computer desktops.
Touch controller integrated circuit (IC) is a circuit which converts input signal into measurable signal. Input signal can be an object or finger which comes in contact with the screen.
The converted signal is processed and calculated by controller software algorithms to determine touch position on the screen. A touchscreen controller IC is created with dedicated peripherals pins to allow interfacing with host processor and touch sensors.
Normally, this circuit is fixed on flexible print circuit, which connects sensor to the host processor. Touch controller IC acts as an input delicate to pressure enabling the information to transform from electrically conductive layer to the controller to process it. It is a non-memory semiconductor that converts analog signals into digital signals whenever a touch is detected on a screen.
The COVID-19 pandemic outbreak has negative impact on the market. During the pandemic, lockdown imposed by government bodies resulted in disruption of supply chain, halted manufacturing, and all the upcoming product launch were delayed, which significantly reduced the demand of touch controller IC. The market is expected to recover soon as emergency lockdown is lifted by the government gradually and manufacturing plants are resuming their operation with limited workforce.
Touch Controller IC Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for smartphone coupled with increasing acceptance of conventional touchscreen is one of the key factors driving the market growth.
- Growing consumer electronics industry across the globe is projected to boost the market during the forecast period.
- It requires proximity of the user to operate the touch enables devices which acts as a major challenge that can restrict the market growth in the coming years.
- High cost of touch controller IC is expected to hamper the market growth during the projected timeline.
- Increasing functionality of touch IC in various sectors, including automotive and manufacturing is anticipated to create significant growth opportunities for the market.
Scope of Touch Controller IC Market Report
The report on the global touch controller IC market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Touch Controller IC Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Applications (Industrial Applications [Medical, Transport, Entertainment, Education, and Retail], Consumer Applications [Medical, Transport, Entertainment, Education, and Retail], Commercial Applications [Medical, Transport, Entertainment, Education, and Retail]), Technology (Analogue Controllers, MCU, Custom Controller, and ASIC), and Product Types (Functionality, Module, and Panel Technology [Resistive, Infrared, On Cell, Capacitive, In the Cell, and Optical])
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cypress; Melfas Inc.; Image Technology Inc.; Atmel Corp.; Synaptics; and Zinitix Co., Ltd.
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Touch Controller IC Market Segment Insights
Consumer segment to expand at robust growth rate
Based on applications, the global touch controller IC market is divided into industrial applications, consumer applications, and commercial applications. The industrial applications, consumer applications, and commercial applications segment are further sub-categorized as medical, transport, entertainment, education, and retail.
The consumer segment is estimated to expand at robust growth rate during the forecast period due to its increasing use in portable instruments, GPS devices, media players, and touch screen monitors.
However, the commercial segment is anticipated to expand at a substantial CAGR in the coming years attributed to the increased adoption of touch controller IC by business to speed up their process. Furthermore, the IC is increasingly adopted by healthcare and retail sector to provide better and enhanced patient and customer experience, which is driving the segment growth further.
MCU to register a high CAGR
On the basis of technology, the global touch controller IC market is segregated into analogue controllers, MCU (microcontroller unit), custom controller, and ASIC (application specific integrated circuit).
The MCU segment is projected to register at high CAGR during the projected timeline owing to flexibility, which requires less time to perform operation, small in size, and cost effective. On the other hand, the ASIC segment is anticipated to register a substantial CAGR during the forecast period attributed to that its optimization capability at low power and offer greater performance. Additionally, ASIC reduced footprint of materials with increasing reliability is major driver of the segment.
Longer life drive the panel technology segment
Based on product types, the global touch controller IC market is segmented into functionality, module, and panel technology. The panel technology segment is further fragmented into resistive, infrared, on cell, capacitive, in the cell, and optical.
The panel technology segment is expected to grow at a rapid pace during the forecast period due to the multi-touch facility, zero pressure touch, and longer life. Moreover, rising demand for the panel technology in the manufacturing for mobile phones, televisions, and smart monitor screens is major driver of the segment.
North America is to constitute a key market share
In terms of region, the global touch controller IC market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the presence of key global players in the region, rising awareness about its functionality, and increasing demand from end-users. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the rising industrial application, economic development, and increasing demand of smart consumer electronics products in the region.
Segments
The global touch controller IC market has been segmented on the basis of
Applications
- Industrial Applications
- Medical
- Transport
- Entertainment
- Education
- Retail
- Consumer Applications
- Medical
- Transport
- Entertainment
- Education
- Retail
- Commercial Applications
- Medical
- Transport
- Entertainment
- Education
- Retail
Technology
- Analogue Controllers
- MCU
- Custom Controller
- ASIC
Product Types
- Functionality
- Module
- Panel Technology
- Resistive
- Infrared
- On Cell
- Capacitive
- In the Cell
- Optical
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Cypress
- Melfas Inc.
- Image Technology Inc.
- Atmel Corp.
- Synaptics
- Zinitix Co., Ltd.
Competitive Landscape
Key players competing in the global touch controller IC market are Cypress; Melfas Inc.; Image Technology Inc.; Atmel Corp.; Synaptics; and Zinitix Co., Ltd. Companies are focusing on investment in R&D to develop touch controller IC with more technological advancements. Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.
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