A recent report published by Infinium Global Research on touch sensor market provides an in-depth analysis of segments and sub-segments in the global as well as regional touch sensor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional touch sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global touch sensor market. According to the report, the global touch sensor market is projected to grow at a CAGR of 12.2% over the forecast period of 2019-2025.
Touch sensing is widely used in various commercial products such as smartwatches, mobile phones, tablets, and TVs. Recently, remote gesture sensing is covering both academy and industry as it can offer additional user-experience for mobile interface. As mobile computing and connectivity are essential in the digital lifestyle, users will demand a high-fidelity touch and display a user interface to interact with their devices. The capacitive remote gesture sensing is mainly based on detecting self-capacitance, achieving high resolution by eliminating the parasitic mutual capacitance. Capacitive touch sensing is the leading technology for notebook, slate, and handheld devices. Multi-finger applications have developed to make use of capacitive sensing's capabilities.
The rise of touch sensors in various consumer electronics devices such as smartphones and tablets, remote controls, control panels of different home appliances in the industrial and automotive industry is the major driving factor for the touch sensor market. Furthermore, factors such as advancement in technology, growing digital technology, and increasing use of touch-enabled displays are other driving factors for the market growth. The demand for touch sensors is growing in electronic appliances due to it provides user-friendly interface consumes less power, and control high and low voltage devices. Increase in demand for sensors in development of smart cities is fueling the growth of the market. However, incorporation of the sensor in devices incurs additional value and reduces the life of the device that hampers the market growth. Moreover, integration in touch-enabled devices that are used in the retail and corporate sector is expected to provide growth opportunities to the market players.
Geographically, North-America dominates the global touch sensor market owing to the presence of early technology adopters and high penetration of smartphones and tablets in this region. Asia-Pacific is expected to grow with the highest CAGR in the forecasted period due to the extensive availability of low -cost consumer electronic devices such as smartphones & tablets.
The report on global touch sensor market covers segments such as type, technology, and applications. On the basis of type, the sub-markets include resistive, capacitive, infrared, surface acoustic wave, and optical. On the basis of technology, the sub-markets include conventional, flexible, and other technologies. On the basis of applications, the sub-markets include smartphones, tablets, monitors, laptops, all-in-one pcs, biometric systems, automated teller machines, and other applications.
The report provides profiles of the companies in the market such as Atmel Corp, 3M Touch Systems Inc., Banpil Photonics Inc., Cypress Semiconductor Corp, DMC Co., Ltd., Freescale Semiconductor Ltd., Neonode Inc., Fujitsu Ltd, Honeywell International Inc., Infineon Technologies AG, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of touch sensor market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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