Global Touch Sensor Market Overview:
A touch sensor is a type of equipment that detect touch and the presence of close objects deprived of relying on physical contact. These sensors don’t have any moving parts that are present in mechanical switch or potentiometer. It is more suitable & reliable to use. It is one of the key components used in touch screen together with a controller integrated circuit as well as software driver. Therefore, touch sensors with linear or rotational sliders, rotary wheels, as well as touch pads offer main advantages for in-built user interfaces. Additionally, they can be modernized with simple software changes. So, they have been used in cellular handsets as well as automated teller machines for a long time. With their low prices, their applications are further stretched to include devices like retail and restaurant systems, public information displays, customer self-service, control & automation systems, financial and scientific applications, digital jukeboxes, ticket sales in airports & movie theaters, etc. The growing adoption of touch-enabled displays is likely to impel growth of the global touch sensor market over the near future.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing demand for handy and portable device such laptop, ipad.
Market Growth Drivers:
Increasing demand for multi-touch and highly responsive sensors and Increasing demand for smartphone
Challenges:
Accidental Touch and High Sensitivity Features, Touch sensors depend upon applied pressure and Touch sensor didn’t with gloves and stylus
Restraints:
Unreliable in harsh environment
Opportunities:
Integration in Touch-Enabled Devices, Used In Retail and Corporate Sector and Increasing opportunities in different sectors such as E-skins, E- Textiles and E- healthcare
Competitive Landscape:
Touch Sensors Market is a fragmented market due to the presence of various players. Leading manufacturer of touch sensors, offering a wide range of products for various applications such as household, automotive. Further, the market is characterized by intense competition, with companies focusing on innovation, quality, and cost competitiveness to differentiate themselves and gain market share. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Microchip Technology Inc. (United States), Fujitsu Ltd. (Japan), The 3M Company (United States), Banpil Photonics Inc. (United States), Cypress Semiconductor Corporation (United States), DMC Co., Ltd. (Japan), Honeywell International Inc. (United States), Neonode Inc. (United States) and Siemens AG (Germany). Additionally, following companies can also be profiled that are part of our coverage like Texas Instruments, Inc. (United States), ON Semiconductor Corporation (United States) and Infineon Technologies AG (Germany). Analyst at AMA Research see German, Japanese, and United States Players to retain maximum share of Global Touch Sensor market by 2028. Considering Market by Category, the sub-segment i.e. Surface Capacitive Sensing will boost the Touch Sensor market. Considering Market by Technology, the sub-segment i.e. Conventional will boost the Touch Sensor market. Considering Market by Mechanism, the sub-segment i.e. Single Mechanism will boost the Touch Sensor market.
Latest Market Insights:
In April 2022, Infineon Technologies AG acquired Cypress Semiconductor Corporation. Cypress is semiconductor design and manufacturing company. This acquisition help Infineon Technologies AG to strengthen the company’s leading power such as semiconductors, automotive microcontrollers, touch sensors and security solutions.
In June 2022, Microchip launched new technology maXTouch , Knob-on-Display. This new technology enables the mounting of knob directly onto the display without dismantling panel or touch pattern, increasing design flexibility with comparatively low cost. This technically advanced launch from Microchip Help Company to grow in market
What Can be Explored with the Touch Sensor Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Touch Sensor Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Touch Sensor
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Touch Sensor market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Touch Sensor market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Touch Sensor Manufacturers, Raw Material Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.