TechNavio recognizes the following companies as the key players in the Global Touch Controller IC Market: Atmel Corp., Cypress Semiconductor Corp., and Synaptics Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Currently, touch screen technology is finding a wide range of applications, among which healthcare applications are becoming increasingly popular. Touch screen ICs are designed specifically for various purposes in healthcare such as replacing white boards in hospitals, which makes it easy and convenient for doctors and nurses to manage their patients. Additionally, some of the vendors have designed the talking touch screen IC solution that helps patients understand their disease. Thus, the trend of deploying touch controller ICs in medical equipment is gaining immense popularity.”
According to the report, one of the main drivers in this market is the increasing adoption of smartphones and tablets. As a result of the increased functionality provided by smartphones when compared to feature phones, smartphones are gaining immense popularity among consumers. Tablets PCs are also rapidly emerging as next-generation computing devices, owing to their high flexibility and enhanced functionality. Factors like these have led to the increasing adoption of smartphones and tablet PCs. Their adoption is expected to increase further during the forecast period, thereby increasing the demand for touch controller ICs.
Further, the report states that one of the key challenges in this market is the increasing cost of production. The increasing cost of raw materials is one of the main factors leading to the increase in the overall cost of production. As a result of this, the profitability of vendors is getting affected. Hence, the increasing cost of production poses a major challenge for the growth of the vendors and the market at large.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-touch-controller-ic-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Touch Controller IC Market 2012-2016
