The global touch controller IC market is likely to get hold of revenue of around USD 4,297.3 million by 2033, up from USD 1,243.3 million in 2023, skyrocketing with a CAGR of 6.2% during the forecast period.
The touch controller IC industry outlook is positively swayed by the technological advancements in devices used by end users in consumer and enterprise markets, being driven by the need for a better user interface and optimization of space.
The market of end-user devices, driven by this need, has moved towards touch screens, and there is hardly a device segment where touch screens have not been implemented, gauging well for the market's future trends.
The proliferation of touch screens in the market and the resulting growth in touch screen technology have to be complemented by touch controller IC, which functions as a control unit for the touch screen.
The demand for touch controller IC surges, as it also functions as a link between the processor of the device and the touch screen, which is responsible for most of the I/O function of a device. In addition to this, the need for touch controller ICs is anticipated to be driven by the release of cutting-edge AR and VR gadgets.
Many AR and VR gadgets rely on touchscreens and touch controller ICs, and the adoption of VR devices, which are made for the gaming industry, has been further accelerated by the always-changing gaming trend.
Consumer electronics manufacturers encourage users to try this technology by introducing flexible screens. The need for flexible displays is projected to have a beneficial effect on the sales of touch controller ICs, since they are installed in high-end devices with advanced features and are compatible with practically all types of electronic equipment.
What are the Various Drivers & Challenges in the Touch Controller IC Sector?
The touch controller IC business growth is boosted by the adoption of IoT devices by users rapidly, who are increasingly relying on touch screens for an enhanced user experience.
Operating systems and software solutions are also getting redesigned for smooth functioning on touch-enabled devices containing touch controller IC. This, in turn, is driving the demand for touch screens and touch controller ICs in the market.
While touch screens do enable functionalities like enhanced User Interface and Device Space Optimization, they are also prone to damage and are costlier than keypad-based systems, thereby dwindling the touch controller IC market size. This is the reason many devices that work in rugged or industrial environments still prefer keypad based systems over touch control.
| Attributes | Details |
|---|---|
| Touch Controller IC Market CAGR (2023 to 2033) | 6.2% |
| Touch Controller IC Market Size (2023) | USD 1,243.3 million |
| Touch Controller IC Market Size (2033) | USD 4,297.3 million |
From 2018 to 2022, a CAGR of 10.2% was registered for the touch controller IC sector. Market valuation expanded from USD 821.2 million in 2018 to USD 1,213.3 million in 2022.
As market rivalry intensifies, suppliers are being forced to employ a variety of growth techniques.
This involves developing innovative products that, even before they are introduced, make competitors' products outdated and uncompetitive, in order to draw more attention to their own goods.
As a result, in order to be competitive in the market, the vendors are not only concerned with the technological improvement of their goods, but also with staying ahead of the competition from developing technologies.
One of the key reasons influencing the market growth is the rising demand for smartphones, together with the growing adoption of traditional touchscreen technology. Throughout the forecast period, the market is expected to expand due to the surging consumer electronics sector globally.
| Countries | Market Share (2023) |
|---|---|
| United States | 16.9% |
| Germany | 10.2% |
| Japan | 4.4% |
| Australia | 2.8% |
North America is projected to be at the forefront with a touch controller IC market share of 28.7% in 2022. The market growth is primarily fostered by the fact that North American users have a spending capacity and tend to adopt costlier devices faster than other geographies.
Moreover, the number of devices per user is expected to grow in the geography in the coming years, in turn driving the growth of touch controller IC in North America during the forecast period.
The touch controller IC sector in Europe is likely to hold a share of around 22.1% in 2022, with the leading growth in the area expected to be seen in Germany, France, the United Kingdom, and Italy in particular.
This is mostly on account of increased research and development efforts by businesses and the existence of significant market players committed to the development of capacitive technology and bringing about various developments, in turn expanding their market share.
Startups have received significant attention in various parts of the world in recent years, especially in regard to the market.
In the United States, the number of startups has rapidly expanded, and more assistance is now available in all aspects, facilitating the development of overall market growth.
Examples:
Capacitive imaging is used by the SigmaTouch Controller to produce user-friendly machine interfaces. SigmaSense technology provides access to a wide range of information about mobile device interactions, big size interactive displays, and specialized sensing applications.
Megahertz frequencies are used by MEMS-based technologies. It transmits and receives pressure wave signals through 5 mm of aluminum or glass, allowing it to detect tap strength while avoiding the necessity for cut outs or apertures in the enclosure.
The touch controller IC industry is fairly competitive, with key players involved in various strategies, such as mergers & acquisition, partnerships, collaborations, etc., in turn consolidating market position.
A couple of recent developments in the market are as follows:
Table 1: Global Market Value (US$ Billion) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Tonnes) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Billion) Forecast by Screen Technology, 2018 to 2033
Table 4: Global Market Volume (Tonnes) Forecast by Screen Technology, 2018 to 2033
Table 5: North America Market Value (US$ Billion) Forecast by Country, 2018 to 2033
Table 6: North America Market Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 7: North America Market Value (US$ Billion) Forecast by Screen Technology, 2018 to 2033
Table 8: North America Market Volume (Tonnes) Forecast by Screen Technology, 2018 to 2033
Table 9: Latin America Market Value (US$ Billion) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 11: Latin America Market Value (US$ Billion) Forecast by Screen Technology, 2018 to 2033
Table 12: Latin America Market Volume (Tonnes) Forecast by Screen Technology, 2018 to 2033
Table 13: Europe Market Value (US$ Billion) Forecast by Country, 2018 to 2033
Table 14: Europe Market Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 15: Europe Market Value (US$ Billion) Forecast by Screen Technology, 2018 to 2033
Table 16: Europe Market Volume (Tonnes) Forecast by Screen Technology, 2018 to 2033
Table 17: Asia Pacific Market Value (US$ Billion) Forecast by Country, 2018 to 2033
Table 18: Asia Pacific Market Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 19: Asia Pacific Market Value (US$ Billion) Forecast by Screen Technology, 2018 to 2033
Table 20: Asia Pacific Market Volume (Tonnes) Forecast by Screen Technology, 2018 to 2033
Table 21: MEA Market Value (US$ Billion) Forecast by Country, 2018 to 2033
Table 22: MEA Market Volume (Tonnes) Forecast by Country, 2018 to 2033
Table 23: MEA Market Value (US$ Billion) Forecast by Screen Technology, 2018 to 2033
Table 24: MEA Market Volume (Tonnes) Forecast by Screen Technology, 2018 to 2033
Figure 1: Global Market Value (US$ Billion) by Screen Technology, 2023 to 2033
Figure 2: Global Market Value (US$ Billion) by Region, 2023 to 2033
Figure 3: Global Market Value (US$ Billion) Analysis by Region, 2018 to 2033
Figure 4: Global Market Volume (Tonnes) Analysis by Region, 2018 to 2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Market Value (US$ Billion) Analysis by Screen Technology, 2018 to 2033
Figure 8: Global Market Volume (Tonnes) Analysis by Screen Technology, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Screen Technology, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Screen Technology, 2023 to 2033
Figure 11: Global Market Attractiveness by Screen Technology, 2023 to 2033
Figure 12: Global Market Attractiveness by Region, 2023 to 2033
Figure 13: North America Market Value (US$ Billion) by Screen Technology, 2023 to 2033
Figure 14: North America Market Value (US$ Billion) by Country, 2023 to 2033
Figure 15: North America Market Value (US$ Billion) Analysis by Country, 2018 to 2033
Figure 16: North America Market Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 17: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 18: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 19: North America Market Value (US$ Billion) Analysis by Screen Technology, 2018 to 2033
Figure 20: North America Market Volume (Tonnes) Analysis by Screen Technology, 2018 to 2033
Figure 21: North America Market Value Share (%) and BPS Analysis by Screen Technology, 2023 to 2033
Figure 22: North America Market Y-o-Y Growth (%) Projections by Screen Technology, 2023 to 2033
Figure 23: North America Market Attractiveness by Screen Technology, 2023 to 2033
Figure 24: North America Market Attractiveness by Country, 2023 to 2033
Figure 25: Latin America Market Value (US$ Billion) by Screen Technology, 2023 to 2033
Figure 26: Latin America Market Value (US$ Billion) by Country, 2023 to 2033
Figure 27: Latin America Market Value (US$ Billion) Analysis by Country, 2018 to 2033
Figure 28: Latin America Market Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 29: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 30: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ Billion) Analysis by Screen Technology, 2018 to 2033
Figure 32: Latin America Market Volume (Tonnes) Analysis by Screen Technology, 2018 to 2033
Figure 33: Latin America Market Value Share (%) and BPS Analysis by Screen Technology, 2023 to 2033
Figure 34: Latin America Market Y-o-Y Growth (%) Projections by Screen Technology, 2023 to 2033
Figure 35: Latin America Market Attractiveness by Screen Technology, 2023 to 2033
Figure 36: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 37: Europe Market Value (US$ Billion) by Screen Technology, 2023 to 2033
Figure 38: Europe Market Value (US$ Billion) by Country, 2023 to 2033
Figure 39: Europe Market Value (US$ Billion) Analysis by Country, 2018 to 2033
Figure 40: Europe Market Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 41: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 42: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 43: Europe Market Value (US$ Billion) Analysis by Screen Technology, 2018 to 2033
Figure 44: Europe Market Volume (Tonnes) Analysis by Screen Technology, 2018 to 2033
Figure 45: Europe Market Value Share (%) and BPS Analysis by Screen Technology, 2023 to 2033
Figure 46: Europe Market Y-o-Y Growth (%) Projections by Screen Technology, 2023 to 2033
Figure 47: Europe Market Attractiveness by Screen Technology, 2023 to 2033
Figure 48: Europe Market Attractiveness by Country, 2023 to 2033
Figure 49: Asia Pacific Market Value (US$ Billion) by Screen Technology, 2023 to 2033
Figure 50: Asia Pacific Market Value (US$ Billion) by Country, 2023 to 2033
Figure 51: Asia Pacific Market Value (US$ Billion) Analysis by Country, 2018 to 2033
Figure 52: Asia Pacific Market Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 53: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 54: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 55: Asia Pacific Market Value (US$ Billion) Analysis by Screen Technology, 2018 to 2033
Figure 56: Asia Pacific Market Volume (Tonnes) Analysis by Screen Technology, 2018 to 2033
Figure 57: Asia Pacific Market Value Share (%) and BPS Analysis by Screen Technology, 2023 to 2033
Figure 58: Asia Pacific Market Y-o-Y Growth (%) Projections by Screen Technology, 2023 to 2033
Figure 59: Asia Pacific Market Attractiveness by Screen Technology, 2023 to 2033
Figure 60: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 61: MEA Market Value (US$ Billion) by Screen Technology, 2023 to 2033
Figure 62: MEA Market Value (US$ Billion) by Country, 2023 to 2033
Figure 63: MEA Market Value (US$ Billion) Analysis by Country, 2018 to 2033
Figure 64: MEA Market Volume (Tonnes) Analysis by Country, 2018 to 2033
Figure 65: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: MEA Market Value (US$ Billion) Analysis by Screen Technology, 2018 to 2033
Figure 68: MEA Market Volume (Tonnes) Analysis by Screen Technology, 2018 to 2033
Figure 69: MEA Market Value Share (%) and BPS Analysis by Screen Technology, 2023 to 2033
Figure 70: MEA Market Y-o-Y Growth (%) Projections by Screen Technology, 2023 to 2033
Figure 71: MEA Market Attractiveness by Screen Technology, 2023 to 2033
Figure 72: MEA Market Attractiveness by Country, 2023 to 2033
The market in 2023 is valued at USD 1,243.3 million.
The market rose at a 10.2% CAGR from 2018 to 2022.
The market will register a 6.2% CAGR through 2033.
The market will reach USD 4,297.3 million by 2033.
The market in 2022 was valued at USD 1,213.3 million.
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Touch Controller IC Market
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