Touch Sensor Market to Grow at 9.3% CAGR Driven by Smartphones and Tablets to 2020

Jan 27, 2016, 11:45 ET from ReportsnReports

PUNE, India, January 27, 2016 /PRNewswire/ --

This global touch sensor market report finds growing adoption of touch-enabled devices in sectors like retail, hospitality, education, and healthcare will incite market growth during the forecast period. The incorporation of these touch-enabled devices in retail outlets will allow consumers to engage and browse through the stock and order products with ease. In the educational and corporates sectors, these devices can be used for the purpose of meetings, seminars, and presentations. The ability of touch-enabled devices to assist users in a wide array of end-user applications will lead to its augmented adoption during 2016-2020.

Complete report on touch sensor market spread across 44 pages, analyzing 6 major companies and providing 13 data exhibits is now available at http://www.reportsnreports.com/reports/461326-global-touch-sensor-market-2016-2020.html.

Analysts forecast global touch sensor market to grow at a CAGR of 9.3% during the period 2016-2020. The growing demand for touch-enabled devices like smartphones and tablets coupled with the rising adoption of touch-enabled e-readers, interactive displays, and digital signage will aid in the growth of this market. Also, the widespread availability of low-cost smartphones in emerging markets, such as China and India, and the increasing number of end users accessing the Internet on smartphones and tablets will bolster the demand for touch-enabled smartphones and tablets during the forecast period. This increase in the demand for smartphones and tablets will, in turn, necessitate the utilization of touch sensors for the production of such devices; thus, resulting in market growth.

The smartphones segment currently dominates this market and accounts for a market share of approximately 56% during the forecast period. The growing popularity of phablets and the timely launch of upgraded smartphones are the two significant factors that will impel the prospects for growth in this market segment until the end of 2020. Order a copy of Global Touch Sensor Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=461326.

The capacitive technology segment currently dominates this market and accounts for approximately 57% of the total market share. Capacitive touch sensors are preferred over other technology segments because they are highly responsive and do not require pressure to register a touch. Additionally, their ability to support multi-touch gestures will result in its augmented adoption during the forecast period.

The global touch sensor market is highly fragmented and competitive because of the presence of numerous large- and small-sized vendors. Consequently, the players in this market have to focus on establishing customer loyalty as it will help them to sustain themselves in the competitive environment. The vendors in this market compete on the basis of innovation, diversity, price, and quality to gain maximum market traction during the forecast period.

The leading vendors analyzed in touch sensor market are: 3M, Texas Instruments, ON Semiconductor, Freescale Semiconductor, Honeywell, and Infineon. Other prominent vendors in the market are Atmel, Cypress Semiconductor, FUJITSU, Banpil Photonics, BeanAir, and, and Siemens.

Further, the touch sensor market report states that the mobile computing device manufacturers are focusing on reducing their overall production costs because of changing consumer preferences. This will negatively impact the growth of the market.

Another report titled Global Tablet Touch Panel Market 2016-2020 forecasts tablet touch panel market to grow at a CAGR of 7.61% during the period 2016-2020. The declining ASP of tablets will lead to growth in the global tablet touch panel market. Lower prices are likely to increase sales of tablets in the price-sensitive low-end market. These touch panels require three basic components to provide a touch interface: touch sensor, controller integrated circuit (IC), and software driver. Browse complete report @ http://www.reportsnreports.com/reports/461324-global-tablet-touch-panel-market-2016-2020.html.

Key players in the global tablet touch panel market are: Nissha Printing, TPK, Wintek and Young Fast. Other prominent vendors in the market are: ILJIN Display, GIS, O-film, TRULY, CPT, Junda Optoelectronics, Shenzhen Each-Opto Electronics, Chung Hua EELY Enterprise, Top Touch Electronics, DPT Touch, MELFAS, ELK, HannsTouch Solution, Shenzhen Success Electronics, and Shenzhen Laibao Hi-tech.

Explore other new reports on semiconductor and electronics market at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/.

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