Touch Sensor Market Share, Historical Analysis, Development Status, Top Leaders, Future Trends, Competitive Landscape, Sales Revenue and Industry Segments Poised For Strong Growth in Future 2023

Market Research Future
Market Research Future published a research report on “Touch Sensors Market Research Report-Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

The global market for touch sensors is rapidly increasing due to the proliferation of touch sensors in various consumer electronics devices such as smartphones and tablets, remote controls, control panels of various home appliances in the industrial and automotive industry. The touch sensors are categorized into resistive, capacitive, surface acoustic wave, infrared, optical imaging, and acoustic pulse recognition touch sensors. The capacitive touch sensors offer various benefits in consumer electronics such as better optical qualities, longer product life, and better durability as compared to other touch sensor technologies. In addition, integrating these features of capacitive touch sensors in smartphones is likely to increase the demand for touch sensors during the forecast period. Furthermore, the capacitive touch sensors detect the presence of conductive objects by measuring the change in the capacitance of the sensor pad. These sensors are used to measure the level, flow, and pressure which are widely used in manufacturing industries such as oil & gas and pharmaceutical industries among others.

Touch sensors are used in the control panels of various electrical appliances as they provide user-friendly interface, consumes less power, and control high and low voltage devices. Touch sensors control panels can also be sealed which makes them resistant to liquids spills and dust. Moreover, touch sensors also enhance the appearance of smart appliances by simplifying its construction and assembly. In this regard, the touch sensors are likely to have increased demand in industrial applications, which is also expected to contribute to the growth of this market during the assessment period.

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The touch sensors are reliable and convenient to use as they do not require any mechanical motion like switches and mechanical controls. Touch sensors are also known as tactile sensors and are utilized in various applications such as gaming controllers, home entertainment devices, home appliances, cellular handsets, public information displays, and portable media devices. Due to the presence of intense competition in the market, competitors are adopting new technologies including touch sensors to enhance their product and service offerings and reducing the overall cost of the system.

The increasing adoption of touch-enabled displays, growing demand for consumer electronics devices, and government initiatives for the adoption of digital technologies are some of the factors driving the demand of touch sensors market. On the other hand, high sensitivity, accidental touch is some of the factors hampering the demand of touch sensors market.

In April 2018, Integrated Micro-Electronics Inc. formed a joint venture with a Japanese company to manufacture copper-based touch sensors. Furthermore, in March 2018, Huawei announced the use of in-display fingerprint sensor technology from Qualcomm.

The global Touch Sensors Market is expected to reach approximately USD 8.4 billion by 2023 growing at 12.8% CAGR over the forecast period 2018–2023.

Segmentation

The global touch sensors market is segmented into type and application.

By type, the market is segmented into resistive sensor, capacitive sensor, acoustic wave sensor (SAW), and infrared sensors, optical imaging, acoustic pulse recognition. The capacitive touch sensors are integrated in applications that require good optics and light touch. The supercapacitor touch sensor technology is used in various applications including control panels, industrial automation, ticketing machines, and ATMs.

By application, the market is segmented into consumer electronics, medical devices, gaming controller, home appliances, and portable media devices.

Key Players:

Some of the key players of global touch sensors market include 3M, Honeywell, Siemens, Infineon, On Semiconductor, Texas Instruments, Fujitsu, Atmel, Banpil Photonics, NXP Semiconductor, Qualcommm Inc., STMicroelectronics, Microchip technology, Zytronic PLC, Cypress Semiconductor Corporation, Azoteq, SHURTER, TouchSensors, among others.

Regional Analysis

The geographical analysis of the global touch sensors market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North-America is dominating the global touch sensor market during the forecast period (2018–2023) due to the presence of major key players of this market such as 3M, Honeywell, ON Semiconductor, Texas Instruments, Atmel, Qualcomm Inc., Microchip Technology among others in this region. The other factors that are responsible for the growth in the demand for touch sensors are the presence of early technology adopters and high of penetration of smartphones and tablets in this region.

Asia-Pacific is expecting to reach the highest CAGR during the forecast period (2018–2023) due to the extensive availability of low -cost consumer electronic devices such as smartphones & tablets, increasing security concerns, rise in the automotive sales, growing need for automatization in industries, and improved adoption of digital technologies in countries such as China and India.

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Target Audience

  • Component manufacturers
  • Chip designers
  • Electronics and semiconductor companies
  • Consumer electronics manufacturers
  • Sensor manufacturers
  • Technology providers
  • Original equipment manufacturers (OEMs)
  • Technology standards organizations, forums, alliances, and associations
  • Universities and research organizations
  • Government bodies

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