Touch Sensor Market Challenges, Size, Growth, Key Vendors, Drivers and Trends by Forecast to 2027 | COVID-19 Effects

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Market Analysis

The global touch sensor market size is predicted to touch USD 8.4 billion at a 12.8% CAGR between 2018- 2023, states the recent Market Research Future (MRFR) analysis. Touch sensors help to detect the presence or touch of close objects sans depending on any physical contact. Acoustic pulse recognition, optical imaging, infrared, surface acoustic wave (SAW), capacitive, and resistive are the different types of touch sensors. Owing to its excellent features such as consumes less power, control low and high voltage devices, and user-friendly interface, touch sensors have broad applications in portable media devices, home appliances, gaming controller, medical devices, and consumer electronics.

Various factors are propelling the global touch sensors market research share. According to the recent MRFR report, such factors include various technological advancements, demand for hand-held devices like tablets, laptops, and cellular handsets, rising integration in devices that are touch-enabled, and used in the corporate & retail sector, and growing demand for digital technology.

On the contrary, the impact of the COVID-19 pandemic, high product cost, accidental touch, high sensitivity, and high power consumption are factors that may limit the global touch sensor market growth over the forecast period.

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Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global touch sensors market research based on application and type.

By type, the global touch sensor market is segmented into acoustic pulse recognition, optical imaging, infrared, surface acoustic wave (SAW), capacitive, and resistive. Of these, the capacitive segment will lead the market over the forecast period. These sensors are generally integrated into applications that need a light touch and good optics. Owing to its alluring features and multiple benefits, the capacitive sensor has wide applications, including ATMs, ticketing machines, industrial automation, and control panels.

By application, the global touch sensor market is segmented into portable media devices, home appliances, gaming controller, medical devices, and consumer electronics. Of these, the consumer electronics segment will dominate the market over the forecast period. Growing demand for multimedia devices equipped with features like motion stabilizing and tracking, coupled with the launch of fabrication techniques, is adding to the growth of the segment.

Regional Analysis

Based on the region, the global touch sensors market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, the APAC region will lead the market over the forecast period. The emerging trend to use digital technology in China and India, coupled with the huge availability of low-cost smartphones and tablets is adding to the global touch sensors market growth in the region.

The global touch sensors market in North America is predicted to have sound growth over the forecast period. The presence of several top consumer electronics manufacturers is adding to the global touch sensors market growth in the region.

The global touch sensors market in Europe is predicted to have healthy growth over the forecast period and at a high CAGR. Increasing adoption in the automotive sector, coupled with the presence of several top automotive manufacturers, is adding to the global touch sensors market growth in the region.

The global touch sensors market in the RoW is predicted to have steady growth over the forecast period.

Key Players

Leading players profiled in the global touch sensors market report include TouchSensors, SHURTER, Azoteq, Cypress Semiconductor Corporation, Zytronic PLC, Microchip Technology, STMicroelectronics, Qualcommm Inc., NXP Semiconductor, Banpil Photonics, Atmel, Fujitsu, Texas Instruments, On Semiconductor, Infineon, Siemens, Honeywell, and 3M, among others. Industry players have incorporated strategies such as acquisitions and mergers, partnerships, joint ventures and collaborations, new product launches and developments, strategic alliances, geographic expansions, contracts, and others to stay at the forefront.

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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