Touch Sensor Market - Forecast(2023 - 2028)

Report Code: ESR 0706 Report Format: PDF + Excel

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 (%)

 

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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)

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Proximity Sensor Market – Forecast (2021 - 2026)

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1. Touch Sensor Market - Market Overview
    1.1 Definitions and Scope
2. Touch Sensor Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type
    2.3 Key trends segmented by Geography
3. Touch Sensor Market– Industry Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
    3.1.5 Pricing Analysis
4. Touch Sensor Market – Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Touch Sensor Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis – Top 10 companies
6. Touch Sensor Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Touch Sensor Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Touch Sensor Market- By Type
    8.1 Resistive
    8.2 Capacitive
    8.3 Surface acoustic wave (SAW)
    8.4 Infrared
    8.5 Optical
9. Touch Sensor Market- By Channel Type
    9.1 Multi channel
    9.2 Single channel
10. Touch Sensor Market– By Applications
    10.1 Mobile Phones,
    10.2 Tablets
    10.3 Laptop
    10.4 Cars
    10.5 Elevators
    10.6 ATMs
    10.7 Cameras
    10.8 Medical Devices
    10.9 Others
11. Touch Sensor Market– By End-Users
    11.1 Automotive,
    11.2 Consumer Electronics
    11.3 Aerospace
    11.4 Medical
    11.5 Others
12. Touch Sensor Market - By Geography (Market Size -$Million)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 Italy
        12.2.4 France
        12.2.5 Netherlands
        12.2.6 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 Japan 
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia
        12.3.6 Rest of Asia Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 ROW
        12.5.1 Middle East
        12.5.2 Africa
13. Touch Sensor Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Touch Sensor Market – Industry / Segment Competition landscape Premium Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country- Top companies
        14.1.2 Market Share by type of Vehicle – Top 10 companies
        14.1.3 Best Practices for companies
15. Touch Sensor Market – Key Company List by Country Premium Premium
16. Touch Sensor Market - Company Analysis
    16.1 Semtech Corporation
    16.2 3M
    16.3 CAPTRON
    16.4 Nissha Co. Ltd
    16.5 Texas Instruments Incorporated
    16.6 Renesas Electronics Corporation
    16.7 Microchip Technology Inc.
    16.8 DMC CO., LTD
    16.9 Infineon Technologies AG
    16.10 ON Semiconductor Corporation