Popularity of Touch Screens Will Be a Boon for the Global Touch Controller IC Market
By Business Wire News
By Business Wire News
Technavio, a tech-focused research firm, has published a new report on the global touch controller IC market, which is expected to grow at a CAGR of 16% from 2015-2019.
The latest Technavio report draws attention towards touch screens, which have become ubiquitous in many devices. Previously, only smartphones and tablets were introduced with touch-enabled screens, but now many electronic devices are embedded with touch screens.
“The increased demand for touch screen devices will prove fruitful for touch controller IC vendors, and we expect this to be a main factor propelling market growth in the near future,” says Faisal Ghaus, Vice President of Technavio.
The new market research report by Technavio also emphasizes the emergence of flexible displays, which are expected to see adoption in a wide range of applications. Smartphones are likely to be the first to have flexible displays, followed by tablets and smartwatches. Apart from TVs, all other devices will be touch enabled, which will create demand for touch controller ICs.
“There are issues related to the encapsulation of flexible displays constraining mass production, but increasing R&D investments by vendors will reduce the impact of this issue, and make the technology feasible for consumers” says Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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