Europe 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 Europe 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 Europe touch sensor market is expected to reach the value of USD 1,462.15 million by the year 2029, at a CAGR of 12.1% 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 Europe touch sensor market players are more focused on new product development, partnership, and other strategies to increase the Europe touch sensor market share.
The major factors expected to drive the growth of the Europe 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.
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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 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Turkey, Belgium, and the Rest of Europe
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Market Players Covered
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Neonode Inc., Renesas Electronics Corporation., SCHURTER, Semtech Corporation, Silicon Laboratories, Texas Instruments Incorporated, Zytronic PLC, Apex Material Technology Corporation, Futaba Corporation, Synaptics Incorporated, Infineon Technologies AG, Japan Display Inc., Nissha Co., Ltd., CAPTRON, DMC CO., LTD., Elo Touch Solutions, Inc., Microchip Technology Inc., among others
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Market Definition
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 Europe Touch Sensor Market Include:
- Growing adoption of touch-based displays
The emphasis on enhancing the user experience and eliminating mechanical components has led to the increased adoption of touch displays across industries in Europe. 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
There is an upward trend in demand for consumer electronics fueled by the strong demand for devices with better features. Smart devices and home appliances are fueling the adoption of touch displays in consumer electronics
- Increasing use of touch sensors in the automotive industry
The automotive industry in Europe has become one of the major users of touch displays and is expected to boost the growth of the market.
- Government initiatives for digitalization
Governments across Europe are increasingly involved in digitizing the way they operate, and this has motivated various sectors in the region to take up digital solutions such as touch displays.
- Rising demand for interactive digital signage
Advancement in the advertising industry has led to the increased application of digital signage and interactive displays in commercial places.
Restraints/Challenges faced by the Europe Touch Sensor Market
- Declining demand for all-in-one-pcs
Today, PCs are widely used across all companies for their work. 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 Europe are worried about the scarcity of semiconductors. The demand is more, but the bottleneck caused across the global supply chain is causing shortages in the supply of semiconductor chips.
This Europe 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.
Recent Developments
- In December 2021, Infineon Technologies AG launched fifth-generation CAPSENSE capacitive and inductive touch sensing human-machine interface (HMI) technology. The next-generation CAPSENSE solution embedded in PSoC microcontrollers delivered high performance and low power consumption for demanding user interfaces in-home appliance, consumer, industrial, and IoT products. The new product increased the product offering of the company
Europe Touch Sensor Market Scope
The Europe touch sensor market is segmented based on 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.
Type
- Resistive
- Capacitive
- Surface Acoustic Wave (SAW)
- Infrared
- Optical
On the basis of type, the Europe touch sensor market is segmented into resistive, capacitive, surface acoustic wave (saw), infrared and optical.
Flexibility
- Conventional
- Flexible
- Others
On the basis of flexibility, the Europe touch sensor market is segmented into conventional, flexible, and others.
Channel
- Single Channel
- Multi-Channel
On the basis of channel, the Europe touch sensor market is segmented into single channel and multi-channel.
Application
- Consumer Electronics
- Home Appliances
- Medical Devices
- Automated Teller Machines (ATM)
- Biometric Systems
- Automotive
- Others
On the basis of application, the Europe touch sensor market has been segmented into consumer electronics, home appliances, medical devices, automated teller machines (ATM), biometric systems, automotive, and others.
Europe Touch Sensor Market Regional Analysis/Insights
The Europe 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 Europe touch sensor market report are Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Turkey, Belgium, and the Rest of Europe.
Germany is expected to dominate the Europe touch sensor market due to the increasing popularity of vehicle automation; the demand for automotive sensors such as touch sensors is increasing in the region. Furthermore, the modern lifestyle of the population in Europe leads to the increasing demand for modern home appliances and lifestyle devices, which further fuels the demand for 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, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of European 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 a forecast analysis of the country data.
Competitive Landscape and Europe Touch Sensor Market Share Analysis
The Europe 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 provided are only related to the companies' focus related to the Europe touch sensor market.
Some of the major players operating in the Europe touch sensor market are Neonode Inc., Renesas Electronics Corporation., SCHURTER, Semtech Corporation, Silicon Laboratories, Texas Instruments Incorporated, Zytronic PLC, Apex Material Technology Corporation, Futaba Corporation, Synaptics Incorporated, Infineon Technologies AG, Japan Display Inc., Nissha Co., Ltd., CAPTRON, DMC CO., LTD., Elo Touch Solutions, Inc., Microchip Technology Inc., among others.
Research Methodology: Europe 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.
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