Asia-Pacific Touch Sensor Market, By 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), Biometric Systems, Automotive, and Others) Industry Trends and Forecast to 2029.
Market Analysis and Size
The growing integration of sensors due to the increasing number of touch screen displays and devices may augment the Asia-Pacific touch sensor market growth. Rising demand for consumer electronics such as smart televisions, speakers, and home automation systems is supplementing the market growth.
The growing demand for interactive digital signage in retail stores and malls drives the demand for these touch sensors. Data Bridge Market Research analyses that the Asia-Pacific touch sensor market is expected to reach the value of USD 3,123.63 million by the year 2029, at a CAGR of 13.5% during the forecast period. Also, the growing demand for interactive digital signage in retail stores and malls, which reduces manual labor and acts as self-help for consumers, further accelerates the market growth. The rapid progression of touch sensor technology and increasing use of touch screens in the educational and corporate sector to increase interactivity boost the market's growth. The automotive segment has massive potential to lead the demand for touch sensors owing to the rapid integration of touch panels in vehicles.
The Asia-Pacific touch sensor market players are more focused on new product development, partnership, and other strategies to increase the Asia-Pacific touch sensor market share.
The major factors expected to drive the growth of the Asia-Pacific touch sensor market are the growing adoption of touch-based displays, rising demand for consumer electronics, increasing use of touch screens in the automotive industry, and government initiatives for digitalization. However, declining demand for all-in-one PCs may restrain the market's growth.
The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Million, Pricing in USD
By 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), Biometric Systems, Automotive, and Others)
China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of the Asia-Pacific
Market Players Covered
Neonode Inc., Renesas Electronics Corporation., SCHURTER, Semtech Corporation, Silicon Laboratories, Texas Instruments Incorporated, Zytronic PLC, Apex Material Technology Corporation, CIRQUE CORPORATION, Futaba Corporation, Synaptics Incorporated, Infineon Technologies AG, Japan Display Inc., Nissha Co., Ltd., Azoteq (PTY) Ltd, CAPTRON, DMC CO., LTD., Elo Touch Solutions, Inc., Microchip Technology Inc., among others
A touch sensor is defined as an electronic sensor used to detect and record physical touch. They are considered economical miniature-sized alternatives to traditional mechanical switches. The sensor generally works when a contact or pressure is applied on the surface, which allows the current to flow through the circuit. They are of various types, including capacitive, resistive, infrared, and surface acoustic wave (SAW).
They are used in various applications, including consumer electronics, medical devices, and automotive, due to their numerous advantages. Consumer electronics devices range from entertainment systems such as speakers to communication devices such as mobiles to smart homes and home automation.
The Market Dynamics of the Asia-Pacific Touch Sensor Market Include:
- Growing adoption of touch-based displays
The world has steadily shifted from traditional mechanical devices to modern touch-based devices. Individuals, business houses, and manufacturing companies adopt touch-based display and interface for better visualization and experience. One of the primary reasons for advocacy is that they are interactive, engaging, and very simple to operate. Thus, the rapid incorporation of touch-based and touch-screen devices across industries ranging from restaurants to manufacturing companies to financial services is a factor that may drive the growth of the market.
- Rising demand for consumer electronics
The upward trend in demand for consumer electronics fueled by the strong demand for devices with better features is a major factor that is anticipated to drive the growth of the global touch sensor market.
- Increasing use of touch sensors in the automotive industry
Touch control has been in use for many years but was limited in its application. However, as the various industry verticals shift from mechanical to touch-based systems, touch devices have been an explosion.
- Government initiatives for digitalization
Digitalization has radically transformed our lives, and the advent of this pandemic has turned this on its head. The government's push towards digitalization through initiatives and foreign investments is a major factor projected to drive the market's growth.
- Rising demand for interactive digital signage
As flexible and curved displays came into the picture, they paved the way for machine-machine and human-machine interaction giving rise to interactive digital signage. Technological progression and high-speed connectivity have opened a new door of possibilities.
Restraints/Challenges faced by the Asia-Pacific Touch Sensor Market
- Declining demand for all-in-one-pcs
As more companies are providing laptops to their employees for working from home instead of all in one PC, thus it is expected to restrain the market's growth.
- Chip supply shortages
The leaders and executives at multinational corporations in Asia-Pacific are worried about the scarcity of semiconductors, which has hit manufacturing and sales in numerous countries, and no early solution is in sight. This poses a significant challenge to the growth of the market.
This Asia-Pacific touch sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the touch sensor market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
- In September 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
Asia-Pacific Touch Sensor Market Scope
The Asia-Pacific touch sensor market is segmented into type, flexibility, channel, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Surface Acoustic Wave (SAW)
On the basis of type, the Asia-Pacific touch sensor market is segmented into resistive, capacitive, surface acoustic wave (saw), infrared and optical.
On the basis of flexibility, the Asia-Pacific touch sensor market is segmented into conventional, flexible, and others.
- Single Channel
On the basis of channel, the Asia-Pacific touch sensor market is segmented into single channel and multi-channel.
- Consumer Electronics
- Home Appliances
- Medical Devices
- Automated Teller Machines (ATM)
- Biometric Systems
On the basis of application, the Asia-Pacific touch sensor market has been segmented into consumer electronics, home appliances, medical devices, automated teller machines (ATM), biometric systems, automotive, and others.
Asia-Pacific Touch Sensor Market Regional Analysis/Insights
The Asia-Pacific touch sensor market is analyzed, and market size insights and trends are provided by country, type, flexibility, channel, and application as referenced above.
Some of the countries covered in the Asia-Pacific touch sensor market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific touch sensor market because of the presence of a large number of manufacturers and fabrication foundries in the region. Moreover, the increasing pace of digitalization and changing lifestyle of the population in the region is fueling the demand for electronic components such as touch sensors.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Touch Sensor Market Share Analysis
The Asia-Pacific touch sensor market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies' focus on the Asia-Pacific touch sensor market.
Some of the major players operating in the Asia-Pacific touch sensor market are Neonode Inc., Renesas Electronics Corporation., SCHURTER, Semtech Corporation, Silicon Laboratories, Texas Instruments Incorporated, Zytronic PLC, Apex Material Technology Corporation, CIRQUE CORPORATION, Futaba Corporation, Synaptics Incorporated, Infineon Technologies AG, Japan Display Inc., Nissha Co., Ltd., Azoteq (PTY) Ltd, CAPTRON, DMC CO., LTD., Elo Touch Solutions, Inc., Microchip Technology Inc., among others.
Research Methodology: Asia-Pacific Touch Sensor Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop an inquiry to speak to our industry experts.