Market Synopsis:
According to Market Research Future (MRFR)’s latest assessment report, the global touch sensors market is poised to expand at 12.8% CAGR over the assessment period 2018 to 2023. The analysis further suggests that the market is estimated to scale a valuation of USD 8.4 Bn by the end of 2023. Touch sensors have paved its way across different consumer electronics in a short span of time. The growth of the consumer electronics industry is expected to expedite the expansion of the Touch Sensors Market over the next couple of years.
Touch sensors are extensively used for offering a user-friendly interface to the consumers while facilitating low power consumption. This, in turn, is projected to emerge as the driving force of the touch sensors market in the years to come. Innovations in technology have led to the development of sensors that exhibit resistance to water, dust, and spill. Advancements in technology are poised to dominate the growth pattern of the market over the assessment period.
These sensors are likely to witness a boost in demand from other end-user industries such as oil & gas, pharmaceutical, etc. Proliferating applications across industry verticals is presumed to boost the growth trajectory of the touch sensors market over the next couple of years. Also, the technological developments of smart gadgets in conjunction with their rising penetration is forecasted to have a positive influence on the expansion of the touch sensors market’s future trajectory.
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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.
Market Segmentation:
- On the basis of type, the global touch sensors market has been segmented into resistive sensor, capacitive sensor, acoustic wave sensor (SAW), and infrared sensors, optical imaging, acoustic pulse recognition.
- On the basis of application, the touch sensors market has been segmented into consumer electronics, medical devices, gaming controller, home appliances, and portable media devices.
Regional Analysis:
The global touch sensors market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is the largest market for touch sensors. It is anticipated to benefit from the presence of global leaders in the region. Also, the technical brilliance of the region is prognosticated to influence the growth of the touch sensors market positively. Asia Pacific is forecasted to emerge as the fastest growing region in the global marketplace. The availability of low-cost consumer electronics is expected to propel the expansion of the market in the region over the assessment period.
Industry News:
In January 2019, Google LLC, an American multinational technology company, has received approval from US FCC for the deployment of a radar-based gesture-sensing haptic touch device in 57-64GHz band.
In January 2019, Atmos has launched AtmosControl hub which consists of a touch panel for the unification of control of the smart home. It was launched at CES 2019.
In October 2018, Apple, an American multinational technology company, has unveiled its MacBook Air which comes with Touch ID fingerprint sensor for keyboard security.
In October 2018, Huawei Technologies Co. Ltd., a Chinese multinational telecommunications equipment and consumer electronics manufacturer, launched its latest Huawei Mate 20 Pro which is equipped with a fingerprint scanner embedded in the touch display.
In September 2018, Fingerprint Cards, a world-leading biometrics company, has announced the launch of an automotive version of touch sensor FPC1021AP. The fingerprint sensor is AEC-Q100 compliant and meets the standards of the automotive industry.
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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
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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