Touch Sensor Market Estimates & Forecast, By Application, segments 2016−2027
Market Scenario
The global Touch Sensor Market is presumed
to exhibit a remarkable CAGR during the forecast period (2016-2027) owing to
the growing demand for touch sensor devices, asserts Market Research Future
(MRFR). Touch sensors detect the presence of close objects or touch without
relying on physical contact. It is more reliable and convenient to use as it
does not comprise any moving parts like a potentiometer or a mechanical switch.
Touch sensor is one of the important components used in touchscreen along with
a software driver and a controller integrated circuit.
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Drivers and Restraints Impacting the Market
The increasing demand for touch-sensor devices
drives the touch sensor market. With the growing digital technology, increasing
use of touch-enabled displays, and increasing demand for tablets and
smartphones, the market is anticipated to augment during the assessment period.
Moreover, its simple user interface and low response time enable its use in
devices where space is at a premium. Thus, designer has greater freedom for
designing at a reduced system cost. Touch sensor is completely sealable and
creates a device that is resistant to dust and water spills to a large extent.
Such factors are likely to stimulate the market growth during the review
period. Moreover, the rising adoption of touch-enabled devices in hospitality,
retail, education, and healthcare is expected to inhibit the market growth.
On the flip side, high power consumption and high
production cost associated with touch sensors are anticipated to retard the
market growth in the coming years.
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Global Touch Sensor Market: Segmental Analysis
The global touch sensor market has been segmented
on the basis of type, application, and region.
By mode of type, the global touch sensor market has
been segmented into touchpads which have been further sub-segmented into linear
or rotational sliders, rotary wheels, and others.
By mode of application, the global touch sensor
market has been segmented into portable media devices, cellular handsets,
gaming controllers, home entertainment and appliances, and others. Among these,
the cellular handsets dominate the global market and account for the maximum
market share during the assessment period. Growing popularity of phablets along
with timely launch of upgraded smartphones are driving the global market during
the review period.
Regional Insights
Geographically, the touch sensors market span
across regions namely, Asia Pacific, Europe, North America, and
Rest-of-the-World (RoW).
Among all the regions, Asia Pacific is estimated to
dominate the global touch sensor market with the largest market share owing to
the extensive availability of low-cost tablets and smartphones. Also, emerging
trend of using digital technology in countries such as India and China are
likely to foster the market growth in this region.
North America is anticipated to be a highly
attractive region for touch sensor due to the presence of consumer electronics
manufacturers in this region.
Industry News
February 2018: Apple Inc. has recently invented an
advanced Apple pencil which can work with non-touch surfaces and supports 3D and
AR editing applications. The advanced Apple Pencil design allows working with
an iMac or MacBook by writing or drawing on the surface of an office desk or
any other surfaces.
Competitive Dashboard
The global touch sensor market is highly
competitive and fragmented due to the presence of several small and large-sized
vendors. The players have to focus on establishing customer loyalty which will
further help them to focus on establishing customer loyalty. The prominent
players operating the global market are Fujitsu, ON Semiconductor, Texas
Instruments, 3M, Infineon, Atmel, Bean air, Honeywell, Banpil Photonics,
Siemens, and others.
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