USD 5.4 Billion
Report ID:
SQMIG45A2271 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
120
|Figures:
77
Touch Sensor Market size was valued at USD 6.27 Billion in 2023 and is poised to grow from USD 7.29 Billion in 2024 to USD 24.24 Billion by 2032, growing at a CAGR of 16.2% during the forecast period (2025-2032).
Touch Sensor (AFM) is a powerful technique that allows imaging of virtually any surface including polymers, ceramics, composites, glass, and biological samples. AFM is used to measure and establish a wide range of forces such as adhesion strength, magnetic properties and mechanical properties. The AFM consists of a sharp edge about 10 to 20 nm in diameter, attached to the cantilever. The front moves in response to the front–back interaction, and this motion is measured by focusing the laser beam onto a photodiode. Increasing adoption of power electron microscopes and scanning force microscopes for research and manufacturing acts as a major driving force for the global Touch Sensor market.
Moreover, atomic energy microscopes find significant application in the semiconductor field for repairing the circuits and circuit failures, raising the demand remarkably, thus driving the market development increases. Touch Sensor can further be used to characterize materials, study their composition, and other applications. Moreover, they are used in various industries such as food, law, medicine, pharmaceuticals and healthcare.
Global Market Size
USD 5.4 Billion
Largest Segment
Single Channel
Fastest Growth
Multi-Channel
Growth Rate
16.2% CAGR
To get more reports on the above market click here to Buy The Report
Based on application, the global touch sensor market is segmented into consumer electronics, home appliances, medical devices, automated teller machines (ATM), biometric systems, automotive, and others. Based on channel, the global market is segmented into single channel and multi-channel. Based on flexibility, the global market is segmented into conventional, flexible, and others. Based on type, the global market is segmented into resistive, capacitive, surface acoustic wave (saw), infrared and optical. By region, the study provides market insights into APAC, North America, Europe, South America, and the Middle East and Africa.
Analysis by Channel
The multi-channel segment dominated the global touch sensor market. Multi-channel touch sensors are known for their versatility, as they can detect and interpret input simultaneously from multiple touch points or connections. This functionality is what modern devices and applications require, where users often need multiple finger gestures and interactions. For example, pinch-to-zoom, multi-finger swipe, and rotational gestures are enabled through multi-channel sensors, creating an intuitive and dynamic user experience. Multi-channel touch sensors greatly enhance the user experience, as they enable more complex and transparent touch interactions. This allows for smooth and immersive interaction with touchscreens, whether in games, creative processes, or user interfaces. These sensors provide high-quality connectivity, which is particularly valuable in areas such as gaming consoles and interactive displays.
Single-mode touch sensors segment is the fastest growing segment and are often the basic building blocks of motion sensors. They are often used in simple touch interfaces where basic touch operations such as tapping or swiping are required. Single-channel touch sensors can be more cost-effective compared to multi-channel or multi-touch solutions. This makes them suitable for applications where cost is an important factor, such as basic electronics. Smartphones, tablets, and other consumer electronic devices often incorporate one-way touch sensors to provide the necessary touch-free connectivity overall costs do not increase.
Analysis by Type
The capacitive segment dominated the global touch sensor market. Capacitive touch sensors offer high accuracy and responsiveness. They can be detected with a touch or a small swipe, making them ideal for applications where precision and immediate user input are required. The ability to see multiple touch areas simultaneously, known as multitouch capabilities, is an attribute of touch screens, enhancing the user experience. Capacitor touch sensors are extremely durable, making them resistant to damage and wear over long periods of use. The absence of physical factors such as nerve resistance contributes to longevity. This durability is especially valuable in applications that interact heavily with devices, such as smartphones and public kiosks.
Resistive touch sensors are the fastest growing segment in the market and are known for their robustness and reliability. They can withstand high levels of physical abuse and are less likely to be damaged by scratches or shock compared to some other tactile technologies. Resistant touch sensors respond to pressure, allowing them to be activated by fingerprints, labels, or anything else that exerts pressure. This characteristic makes them suitable for applications where pressure sensitivity is important, such as some industrial or medical devices. The resistive touch technology can be activated with fingers or anything that can put pressure on the screen. This feature is useful in applications where users may need to wear gloves, such as industrial or outdoor environments.
To get detailed analysis on other segments, Request For Free Sample Report
North America is expected to dominate the global touch sensor market. North America, especially the United States, is known for its innovation and technological development. There are many technology giants like Apple, Google and Microsoft, who are at the forefront of innovation in touch sensor technology. These companies are driving cutting-edge touch sensor solutions, which are shaping industry standards and consumer expectations around the world.
Asia Pacific is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rapid expansion of its retail market, increasing competition, and a shift from raw materials to consumer-focused products. The region is particularly focused on due to its growing customer base and potential growth markets in countries such as China, South Korea, Japan, and India. The market is expanding due to the demand for smartphones and other electronic devices. Touch sensor adoption has grown rapidly in Asia-Pacific due to rising smartphone manufacturing in China, India, Japan and other countries.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Increasing Adoption of Tactile Displays
Optimization of Touch Technology in Automotive and Industrial Applications
Restraints
Demand for All Packages Decreases
Cost Implications for Advanced Touch Technology with Greater Accuracy
Request Free Customization of this report to help us to meet your business objectives.
Global touch sensor market is highly competitive with a mix of established players and emerging companies vying for market share. As the demand for touch-enabled devices continues to grow across various industries, the market is expected to witness further innovation and expansion in the coming years.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The growing demand for Android phones and tablets has increased the demand for touch sensors. Furthermore, the increasing use of cloud computing and increasing number of smart devices increase the demand for touch sensors across all industries. Technological advances have led to a decline in manual labor and a greater adoption of globalized technology. Hospitals, banks, factories and government agencies use touch sensors to improve the security of their buildings. In addition to this, specialists in touch sensors have adopted quality and durability in their new products. It is safe to assume that the use of computers in offices and smart homes will be highly profitable for the global touch sensor market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.27 Billion |
Market size value in 2032 | USD 24.24 Billion |
Growth Rate | 16.2% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Touch Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Touch Sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Touch Sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Touch Sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45A2271
sales@skyquestt.com
USA +1 351-333-4748