This market research report includes a detailed segmentation of the global touch sensor market by application type (smartphones, tablets, laptops, monitors, AIO PCs, and others) and by technology (capacitive, resistive, and others). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors analyzed in this report are 3M, Texas Instruments, ON Semiconductor, Freescale Semiconductor, Honeywell, and Infineon.
Technavio’s market research analysts estimate the global touch sensor market, to grow at a CAGR of 9% between 2016 and 2020. Growing demand for tough-enabled devices like smartphones and tablets, interactive displays are boosting the demand for touch sensors. APAC is the largest touch sensor market, accounting for 56% of the overall market share. The region is the electronic hub for electronic products, and home to the smartphone, tablet, computer, and gaming console manufacturers.
The new market research report from Technavio provides a breakdown and analysis of the touch sensor segments by technology.
“The market is witnessing growing adoption of touch-enabled devices in sectors like retail, hospitality, education, and healthcare. The incorporation of these touch-enabled devices in retail outlets will allow consumers to engage and browse through the stock and order products with ease. In the educational and corporates sectors, these devices can be used for the purpose of meetings, seminars, and presentations. The ability of touch-enabled devices to assist users in a wide array of end-user applications will lead to its augmented adoption during the forecast period,” says Sunil Singh, Hardware & Semiconductor, Technavio Research.
The capacitive technology segment currently dominates this market and accounts for approximately 57% of the total market share. Capacitive touch sensors are preferred over other technology segments because they are highly responsive and do not require pressure to register a touch. Additionally, their ability to support multi-touch gestures will result in its augmented adoption during the forecast period.
The key players in the global touch sensor market include 3M, Texas Instruments, ON Semiconductor, Freescale Semiconductor, Honeywell, and Infineon. This market is highly fragmented and competitive because of the presence of numerous large- and small-sized vendors. Consequently, the players in this market have to focus on establishing customer loyalty as it will help them to sustain themselves in the competitive environment. The vendors in this market compete on the basis of innovation, diversity, price, and quality to gain maximum market traction during the forecast period.
A more detailed analysis is available in the Technavio report, Global Touch Sensor Market 2016-2020.
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