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(IT-NEWSWIRE.COM, April 22, 2017 ) he touchscreen controller market was valued at USD 3.68 Billion in 2015 and is expected to reach USD 9.11 Billion by 2022, at a CAGR of 15.2% between 2016 and 2022. The growth of this market is propelled by the increasing use of touchscreen in automobiles. With the introduction of touch panels, a market potential for the touch controllers has also been established. Therefore, the demand for touch controllers is expected to grow significantly in the near future.
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The capacitive controller technology led the touchscreen controller market. The large market share of capacitive controller technology is attributed to the high demand for capacitive technology from various devices in consumer electronics applications such as smartphones, tablets, laptops, wearable devices, and others. Capacitive controllers are highly responsive and provide a real-time feel while minimizing power consumption. These are among the major factors responsible for increasing the popularity of capacitive touchscreen controllers as well as increasing use of capacitive touchscreens among manufacturers across various applications.
The consumer electronics to lead the touchscreen controller market during the forecast period. Touchscreens have been majorly used in consumer electronics such as smartphones, tablets, and laptops since many years. Smartphones, in particular, are the largest consumers of touchscreen as well as touch controllers. Besides these devices, touchscreens have also emerged in other consumer electronics devices such as gaming devices, and smart home devices, among others. Moreover, the growing innovation and increasing demand for advanced touchscreens are expected to further drive the touchscreen controller market.
Asia-Pacific held the largest share of the touchscreen controller market in 2015; it is also expected to grow at the highest rate during the forecast period. The high growth of the Asia-Pacific market is attributed to the presence of a number of leading consumer electronics manufacturers, increasing use of automatized and advance system integrated with touchscreens in the manufacturing industry, and the growth in the production of vehicles integrated with touch infotainment systems.
The major restraint for the companies operating in the touchscreen controller market is the technical compatibility issues of the touchscreen controller and the touchscreens with regard to response time, refresh rate, and the power consumption. Maintaining a fast refresh rates in a large screens is difficult as the touch controller needs to sweep greater surface area, collect data from all the intersections, and then process that data. To add to this, the power consumption of a touchscreen controller may increase if the refresh rate is increased.
Microchip Technology Incorporated (U.S.) is a major player in the touchscreen controller market and holds a leading position in designing microcontrollers, capacitive touch solutions, advanced logic, and others. It is also well-known for manufacturing and distributing touchscreen controller. The company’s product portfolio includes analog resistive and projected capacitive touch controllers for applications in the automotive, aerospace, touch and input sensing. By focusing on product and technology development, the company has established a strong foothold in this market. The company has acquired Atmel Corporation (U.S.) to offer the customers a wide set of touch solution options.
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