According to a new market report by Lucintel, the future of the global touch sensor market looks promising with opportunities in the smartphone, tablet, monitor, laptop, all-in-one PC, biometric system, and automated teller machine application segments. The global touch sensor market is expected to grow with a CAGR of 11% from 2020 to 2025. The major growth drivers for this market are increasing usage of sensor in various consumer electronic devices, such as tablets and smartphones, rising applications in home appliances, and adoption of touch enabled displays in the automotive industry.
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In this market, resistive, capacitive, infrared, surface acoustic wave, and optical are the major product types. Lucintel forecasts that the capacitive sensor segment is expected to witness the highest growth during the forecast period due to various benefits in consumer electronics, such as better optical qualities, longer product life, and better durability as compared to other touch sensor technologies.
Within the touch sensor market, smartphones, tablets, monitors, laptops, all-in-one pcs, biometric systems, and automated teller machines are the major applications.
Asia Pacific is expected to witness the highest growth over the forecast period, supported by the presence of a large number of consumer electronics manufacturers and growth of the automotive industry.
Texas Instruments, Microchip Technology Inc., Qualcomm Technologies., Zytronic PLC, SCHURTER Holding AG, Fujitsu Microelectronics Europe GmbH, Siemens, NXP Semiconductors., DMC CO, Infineon, and Neonode are among the major manufacturers of the touch sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global touch sensor market by product type, application, technology, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Touch Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global touch sensor market by product type, application, technology, and region as follows:
By Product Type [$M shipment analysis for 2014 – 2025]:
Resistive
Capacitive
Infrared
Surface Acoustic Wave
Optical
Others
By Technology [$M shipment analysis for 2014 – 2025]:
Conventional
Flexible
Others
By Application [$M shipment analysis for 2014 – 2025]:
Smartphones
Tablets
Monitors
Laptops
All-in-One Pcs
Biometric Systems
Automated Teller Machines
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.