The expansion of the global touch sensor market may be aided by the increasing integration of sensors as a result of the rise in touch screen devices and displays. Growing consumer demand for consumer electronics like smart speakers, televisions, and home automation systems is assisting market expansion. Additionally, the market growth is accelerated by the rising demand for interactive digital signage in malls and retail stores, which decreases manual labor and serves as self-help for customers. The market is expanding due to the quick development of touch sensor technology and the rising use of touch screens in the business and educational sectors to increase interactivity. Through touch panels being quickly integrated into automobiles, the automotive industry has a significant potential to drive the demand for touch sensors.
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Data Bridge Market Research analyses that the Touch Sensor Market is expected to reach a value of USD 7,155.58 million by the year 2029, at a CAGR of 12.8% during the forecast. The growing popularity of smartphones, tablets, laptops, and other touch-based devices is fueling the demand for touch sensors. Consumers seek intuitive and user-friendly interfaces, which has led to the widespread adoption of touch technology.
Key Findings of the Study
Growing demand for touch sensors in industrial applications is expected to drive the market's growth rate
The growing demand for touch sensors in industrial applications stems from their ability to enhance efficiency and simplify operations. Touch sensors enable intuitive and user-friendly interfaces in control panels and human-machine interfaces (HMIs), allowing operators to easily interact with machinery and systems. This improves productivity, reduces the learning curve, and enables quicker response times. The widespread adoption of touch sensors in industrial settings is driven by the desire for streamlined operations and improved user experience.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Resistive, Capacitive, Surface Acoustic Wave (SAW), Infrared, Optical), Flexibility (Conventional, Flexible, Others), Channel (Multi-Channel, Single Channel), Application (Consumer Electronics, Home Appliances, Medical Devices, Biometric Systems, Automotive, Automated Teller Machines (ATM), Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Neonode Inc. (U.S.), Renesas Electronics Corporation (Japan), SCHURTER (Switzerland), Semtech Corporation (U.S.), Silicon Laboratories (U.S.), Texas Instruments Incorporated (U.S.), TSItouch (U.S.), Zytronic PLC (U.K.), Apex Material Technology Corporation (Taiwan), Xymox Technologies, Inc. (U.S.), CIRQUE CORPORATION (U.S.), Futaba Corporation (Japan), Synaptics Incorporated (U.S.), Infineon Technologies AG (Germany), Japan Display Inc. (Japan), Nissha Co., Ltd. (Japan), Azoteq (PTY) Ltd (South Africa), CAPTRON (Germany), DMC CO., LTD. (Japan), Elo Touch Solutions, Inc. (U.S.), Microchip Technology Inc. (U.S.), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The touch sensor market is segmented on the basis of type, flexibility, channel, and application.
- On the basis of type, the global touch sensor market has been segmented into resistive, capacitive, surface acoustic wave (SAW), infrared and optical. In 2022, the resistive segment is expected to dominate the global touch sensor market with a CAGR of 12.5% in the forecast period of 2022 to 2029 due to resistive touch sensors being used for a longer time than capacitive solutions as they are simple to control circuits
- On the basis of flexibility, the global touch sensor market has been segmented into conventional, flexible, and others. In 2022, the conventional segment is expected to dominate the market with a CAGR of 12.4% in the forecast period of 2022 to 2029 due to conventional touch sensors having been prevalent for a long time.
In 2022, the conventional segment is expected to dominate the flexibility segment of the touch sensor market
In 2022, the conventional segment is expected to dominate the market owing to that conventional touch sensors have been prevalent for a long time. Conventional resistive sensors provide higher durability and can be highly suitable in industrial applications with a CAGR of 12.4% in the forecast period of 2022 to 2029.
- On the basis of channel, the global touch sensor market has been segmented into multi-channel and single channel. In 2022, the multi-channel segment is expected to dominate the market with a CAGR of 13.2% in the forecast period of 2022 to 2029 due to multi-channel sensors offering a high degree of integration, efficient power consumption, sensitivity, and flexibility.
In 2022, the multi-channel segment is expected to dominate the channel segment of the global touch sensor market
In 2022, the multi-channel segment is expected to dominate the market owing to multi-channel sensors offering a high degree of integration, efficient power consumption, sensitivity, and flexibility with a CAGR of 13.2% in the forecast period of 2022 to 2029.
- On the basis of application, the global touch sensor market has been segmented into consumer electronics, home appliances, medical devices, automated teller machines (ATM), biometric systems, automotive, and others. In 2022, the consumer electronics segment is expected to dominate the market with a CAGR of 13.7% in the forecast period of 2022 to 2029 due to rapid growth in the demand for smart consumer electronics. Additionally, growth in digitalization, and consumers have become more aware of smart gadgets, leading to the high consumption of consumer electronics
Major Players
Data Bridge Market Research recognizes the following companies as the major touch sensor market players in Touch Sensor market are Neonode Inc. (U.S.), Renesas Electronics Corporation (Japan), SCHURTER (Switzerland), Semtech Corporation (U.S.), Silicon Laboratories (U.S.), Texas Instruments Incorporated (U.S.), TSItouch (U.S.), Zytronic PLC (U.K.), Apex Material Technology Corporation (Taiwan), Xymox Technologies, Inc. (U.S.), CIRQUE CORPORATION (U.S.)
Market Development
- Advancement- In 2021, The newest microcontrollers (MCUs) in Renesas Electronics Corporation's entry-level RX100 Series are the 32-bit, ultra-low power RX140 group. The RX140 MCUs offer customers an improved user experience (UX) and user interface (UI) thanks to the most modern capacitive touch sensing units. This improved the company's market offerings.
- Partnership- In 2021, Doostek had chosen TNB Tech, a Neonode value-added reseller, for contactless self-check-in kiosk trials at a significant Korean airport using Neonode contactless touch technology, Neonode announced. It also increased demand for the company's touch sensor technology globally.
- Product Luanch- In 2021, Renesas Electronics Corporation announced the launch of ultra-low power, 32-bit RX140 group of microcontrollers (MCUs), the latest addition to its entry-level RX100 Series. The RX140 MCUs feature the latest capacitive touch sensing units, offering customers an enhanced user experience (UX) and user interface (UI). This enhanced the company's offerings in the market
- Product Launch- In 2021, there has been a significant focus on under-display touch sensors, particularly for smartphones. Companies like Samsung and Apple have introduced smartphones with under-display fingerprint sensors, eliminating the need for a physical button or sensor on the front of the device.
- Advancement- In 2020 In-cell touch technology, which integrates touch sensors directly into the display panel, gained popularity. This technology offers advantages such as thinner and lighter devices, improved touch sensitivity, and better optical quality. It has been widely adopted in smartphones, tablets, and other consumer electronics.
Regional Analysis
Geographically, the countries covered in the touch sensor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
Asia Pacific is expected to dominate the region in the touch sensor market during the forecast period 2022 to 2029
China is poised to dominate the Asia-Pacific region due to its robust semiconductors and electronics market. With a vast consumer base and being one of the largest producers and consumers of consumer electronics, China holds a significant advantage. The country's strong manufacturing capabilities, technological advancements, and domestic demand contribute to its dominance. China's well-established supply chains, cost-effective production, and continuous innovation in the electronics industry position it as a key player in shaping the future of the Asia-Pacific market.
North America is estimated to be the fastest growing region in touch sensor market the forecast period 2022 - 2029
The U.S. is anticipated to dominate the North American region due to its abundance of local players in the touch sensor market. The presence of established companies and a strong ecosystem of research and development contribute to the country's competitive advantage. Germany, on the other hand, is expected to dominate Europe due to its automotive industry's high demand for touch sensors. The country's renowned automotive manufacturers and their focus on incorporating advanced touch technologies in vehicles contribute to Germany's dominance in Europe's touch sensor market.
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