Email
Print
Touch Sensor Market Overview
The global Touch Sensor Market size is forecasted to reach $8.2 billion
by 2026, growing at 12.9% CAGR from 2021-2026. The increasing adoption of touch sensors
in developing wearable’s and IOT devices is set to be the major driver for the growth
of the market over the forecast period. Additionally, the use of micro electromechanical systems based sensors in smart devices
increases globally and will accelerate the market growth
scope for companies operating in the touch sensor industry during the forecast period. Moreover, the development of smart medical devices will
also contribute to the growth of the touch sensor market. Furthermore, the growing
popularity of new type of touch-screen technology i.e. optical imaging
technology will also contribute to the growth of the market. Such factors are analyzed to drive the
market during the
forecast period 2021-2026.
Touch Sensor Market Report Coverage
The report based on: “Touch Sensor Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following
segments of the Touch Sensor Market industry outlook.
By Type:
Resistive, Capacitive, Surface acoustic wave (SAW), Infrared,
Optical
By Channel
Type: Multi channel, Single channel
By Application: Mobile Phones, Tablets,
Laptop, Cars, Elevators, ATMs, Cameras, Medical Devices, Others
By End-Users: Automotive,
Consumer Electronics, Aerospace, Medical, Others
By Geography: North America (USA, Canada and
Mexico), Europe (U.K., Germany, Italy, France, Netherland & Rest of
Europe), APAC (China, Japan, South Korea, India, Australia & Rest of APAC),
South America (Brazil, Argentina & Rest of South America), RoW (Middle East
& Africa)
Key Takeaways
- Capacitive is analyzed to witness the highest
growth rate in the Touch Sensor market during the forecast period
2021-2026, owing
to benefits such as
bright and sharp image.
- Consumer Electronics segment is anticipated to grow with the highest CAGR of around 14.4% in the global Touch Sensor Market during the forecast period 2021-2026, owing to adoption of touch sensors.
- APAC region is analyzed to witness
the fastest growth in the global Touch Sensor market during 2021-2026, owing to rising penetration of smart devices.
Global Touch Sensor Market Value Share, By Geography, 2020 (%)
Touch Sensor Market Segment Analysis- By Type
Capacitive is analyzed to account for the highest CAGR of 15.1% in the global Touch Sensor Market during the forecast period
2021-2026. Capacitive touch sensors provide a brighter and sharper image,
owing to the glass layer, supports multi-touch functions and are highly touch sensitive. Such benefits are set to accelerate the adoption of
capacitive touch sensors among electronics manufacturing companies during the
forecast period 2021-2026. In April
2020, DMC CO., LTD announced new capacitive touch screen series, DFS which has
been developed for EETI or ILITEK controllers. Such developments can influence the market growth of Touch Sensors in the long run.
Touch Sensor Market Segment Analysis- By End-Users
Based
on end-users segmentation, Consumer Electronics held the highest Touch Sensor Market
share of around 14.4% in the global Touch Sensor market
in 2020. The increasing demand for smartphones factor has
been contributing to the growth of the touch sensor market. Moreover, several governments have taken various initiatives for
developing consumer electronics domestically and will create opportunities for the
growth of touch sensor market. For instance, in October 2020, the Ministry of
Electronics and Information and Technology (MeitY) under the Government of India gave
consent to 16 eligible applicants under the Production Linked Incentive (PLI)
Scheme for consumer electronics manufacturing. Such initiatives of the government can influence the
market growth of touch sensor in
the long run.
Touch Sensor Market Segment Analysis-By Geography
APAC held the highest Touch Sensor Market share of around 35.2% in the global Touch Sensor Market in 2020 and is further set to grow at a significant rate during the forecast period 2021-2026. The factors such as high demand for smart phones, rising use of medical devices and others have been contributing to the market growth across the region in long run. Such developments can further influence the Medical Sensor market growth of in the long run. APAC is considered to be the manufacturing hub of consumer electronics products. As per IndustryARC Recent study, China is the largest manufacturer and exporter of consumer electronics products in the world, thus creating opportunities for the growth of the Touch Sensor Market.
Touch Sensor
Market Drivers
Rise in adoption of touch enabled devices
Increasing adoption of touch enabled
display devices is set to be one of the major factors analyzed to drive
the market forward during the forecast period 2021-2026, owing to the rising
adoption of smart phone and tablets across the world. Touch Sensors are considered to be the most important components in modern
Touch Screen enabled devices. With increasing low cost smart-phone
manufacturers, availableness of smart phones at reasonable prices has
increased, thereby boosting the growth of the touch enabled devices which
further accelerates the growth of the touch sensors market. In March 2019,
DMC CO., LTD announced the release of new resistive touch screen series, LST.
This has been developed for smart phones. Such developments can
influence the market growth of Touch Sensors in
the long run.
Technological advancement like the development of smart medical devices is set to be one of the factors that can drive the market forward
Development of smart medical devices is set to be one of the factors that
can drive the market forward during the forecast period 2021-2026. Smart
medical devices have touch sensors integrated with advanced
computing and communication technologies to monitor collect and transmit patient data to provide
better diagnostics and treatment decisions. Moreover, smart devices such as wearable; transmit critical medical data in real
time from hospital beds, private homes and so on to physicians. Smart medical devices are also widely
used for therapeutic treatments, injury prevention as well as rehabilitation.
Furthermore, Covid19 pandemic compels the manufacturer to produce smart devices
to monitor patient blood pressure, glucose level and so on. In November 2020, Medtronic plc, leader in medical technology, launched first
and only FDA-cleared smart insulin pen i.e. InPen, integrated with
real-time Guardian Connect CGM data to provide real-time glucose readings
along with insulin dose information given to patient’s everyday to manage their
diabetes. Such
developments can influence the market growth of Touch Sensors in the long run.
Touch Sensor Market Challenges
Highly sensitive
Touch
sensors are highly sensitive which acts as a
major challenge restraining the market growth of Touch Sensors. Moreover, touch
screens are more prone to scratches. Furthermore, the development of capacitive
touch sensors which involves complexity in designing and testing is the other factor that impedes the
growth of the market. Owing to the above mentioned factors, use of medical
sensors will be significantly impacted, thus hampering its market growth.
Touch Sensor Market Landscape
Partnership, Acquisitions, Collaboration, technology launches
and R&D activities are key strategies adopted by players in the Touch Sensor Market.
The Touch Sensor Market
top
10 companies include Semtech Corporation, 3M, CAPTRON, ON Semiconductor Corporation, Nissha
Co. Ltd, Texas Instruments Incorporated, Renesas Electronics Corporation,
Microchip Technology Inc., DMC CO., LTD and Infineon Technologies AG.
Acquisitions/Technology Launches
- In April 2020, Infineon Technologies AG had acquired Cypress Semiconductor Corporation. The acquisition will broaden their application range as well as improve their product offerings such as sensors and others.
- In November 2019, DMC CO., LTD announced the launch of new touch screen series, DUS-M. This has been developed for use in such as signage, vending machines, vessel equipment etc.
Relevant Report Titles
Tactile Sensor Market – Forecast (2021 - 2026)
Report
Code: AIR 0143
Proximity Sensor Market – Forecast (2021 - 2026)
Report
Code: AIR 0115
For more Electronics Market reports, please click here