Touch controller IC market set to soar
The expected increase in the adoption of smartphones and tablet is one of the main drivers for the anticipated growth in the touch controller ICs market
Currently, touch screen technology is finding a wide range of applications, among which healthcare applications are becoming increasingly popular.
Touch screen ICs are designed specifically for various purposes in healthcare such as replacing white boards in hospitals, which makes it easy and convenient for doctors and nurses to manage their patients.
What's more, some of the vendors have designed the talking touch screen IC solution that helps patients understand their disease. Thus, the trend of deploying touch controller ICs in medical equipment is gaining immense popularity.
This is according to the "Global Touch Controller IC Market 2012-2016 : Industry Research Report,"
at ReportsnReports.com.
Analysts forecast the Global Touch Controller IC market to grow at a CAGR of 31.5 percent over the period 2012 - 2016.
According to the report, one of the main drivers in this market is the increasing adoption of smartphones and tablets. As a result of the increased functionality provided by smartphones when compared to feature phones, smartphones are gaining immense popularity among consumers.
Tablets PCs are also rapidly emerging as next-generation computing devices, owing to their high flexibility and enhanced functionality. Factors like these have led to the increasing adoption of smartphones and tablet PCs. Their adoption is expected to increase further during the forecast period, thereby increasing the demand for touch controller ICs.
Also, the report states that one of the key challenges in this market is the increasing cost of production. The increasing cost of raw materials is one of the main factors leading to the increase in the overall cost of production. As a result, the profitability of vendors is getting affected. Hence, the increasing cost of production poses a major challenge for the growth of the vendors and the market at large.
The Global Touch Controller IC Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC and the EMEA regions, and the Americas; it also covers the Global Touch Controller IC market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognises Atmel Corp., Cypress Semiconductor Corp., and Synaptics Inc. as the key players in the Global Touch Controller IC Market.
