Touch controller IC market: Growth opportunities led by Analog Devices Inc, Apex Material Technology Corp, Cirque Corp

NEW YORK, Jan. 9, 2023 /PRNewswire/ — The touch controller IC market size is forecast to increase by USD 9,961.68 million from 2022 to 2027. The growth momentum will decelerate at a CAGR of 15.34%, according to a recent market study by Technavio. The growth of the market will be driven by the increasing sales of electronic devices, consumer inclination toward new technologies and devices, and an increase in the adoption of touch screens in the retail and healthcare sectors.

Technavio categorizes the global touch controller IC market as a part of the global electrical components and equipment market within the global electrical equipment market. The parent market, the global electrical components, and equipment market cover companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report

The market is segmented by product (automotive, smartphones, ATMs, and others), technology (resistive touchscreen and capacitive touchscreen), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

Segmentation by product (automotive, smartphones, ATMs, and others),

• Automotive: The market share growth of the automotive segment will be significant during the forecast period. The increasing sales of premium and luxury automobiles, which are combined with technologically advanced solutions such as navigation systems and entertainment systems, are expected to boost the adoption of touch controller ICs. Furthermore, the increasing adoption of advanced driver assistance systems (ADAS) technology in premium and luxury automobiles and rising sales of luxury and premium automobiles are expected to fuel the growth of touch controllers during the forecast period.

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Technavio has extensively analyzed 15 major vendors, including Analog Devices Inc., Apex Material Technology Corp., Cirque Corp., eGalax eMPIA Technology Inc., Elo Touch Solutions Inc., FocalTech Systems Co. Ltd., Hycon Technology Corp., Infineon Technologies AG, Maxim Integrated Products Inc., MELFAS Inc., Microchip Technology Inc., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Silicon Laboratories Inc., Sitronix Technology Corp., Solomon Systech Ltd., STMicroelectronics NV, Synaptics Inc., and Texas Instruments Inc.

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Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.

• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.

• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.

• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.

• Furthermore, market adoption rates for all regions have been covered.

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What are the key data covered in this touch controller IC market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the touch controller IC market between 2023 and 2027

• Precise estimation of the size of the touch controller IC market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the touch controller IC market across APAC, North America, Europe, Middle East and Africa, and South America

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of touch controller IC market vendors

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Technology

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

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SOURCE Technavio