Global Touch Sensor Market Overview:
Touch Sensor Market Size was valued at USD 6.27 Billion in 2023. The Touch Sensor market industry is projected to grow from USD 7.28 Billion in 2024 to USD 20.85 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.05% during the forecast period (2024 - 2032). Touch-enabled electronic book readers, dynamic screens, and digital signs are becoming more popular. Increasing Display-based HMI requirements are the key market drivers contributing to market growth and expansion.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Touch Sensor Market Trends
- Growing Display-based HMI requirements are driving the market growth
The rising display-based HMI requirements drive market CAGR for touch sensors. Touch sensors are utilized in the management panels of many electrical appliances because they give an intuitive interface, use less power, and can manage both high and low-voltage equipment. It additionally provides customers access and a very dynamic interface. The increasing deployment of electronic gadgets and controllers has led to the market expansion for touch sensors. It gives designers increased dependability and comfort while lowering system costs. These control panels may additionally be sealed, rendering them impervious to liquids, spills, and dust. Furthermore, touch sensors improve the aesthetics of electronic devices by making fabrication and installation easier.
Additionally, touch sensors are in high demand due to the increasing number of smartphones and tablets. Additionally, the growing usage of cloud-based computing and the increasing number of electronic gadgets drive a higher need for touch sensors throughout every sector. The Touch Sensor Industry is driven by increased attempts to develop groundbreaking innovations such as better performance, greater clarity, less energy usage, and lightweight touch screens. In addition, the advancement of flexible displays is expected to aid the expansion of the Touchscreen Sensor industry throughout the forecast period.
COVID-19 has had a substantial influence on the sector's fundamentals. In the months that followed this outbreak, semiconductor firms worked quickly to protect employees, protect distribution networks, and solve other crucial issues. Despite this, the situation is still grave, and many countries continue to apply physical-distance restrictions; semiconductor managers have been looking toward the end of the epidemic and the beginning of the new normal. In recent months, people all around the globe have been trying new methods of working, learning, and connecting via conferencing and other technology. The need for electronics that allow servers, connections, and the use of clouds may increase as online communication grows.
Touch Sensor Market Segment Insights:
Touch Sensor Type Insights
The Touch Sensor market segmentation, based on type, includes Resistive, capacitive, surface acoustic wave (SAW), infrared, and optical. The resistive segment dominated the market, accounting for 42% of market revenue (USD 2.3 Billion) in 2022. Capacitive has become increasingly widespread due to their greater responsiveness, extended lifespan, and superior measurement precision when contrasted with magnetic or resistive sensors.
Touch Sensor Channel Type Insights
The Touch Sensor market segmentation, based on channel types, includes multi-channel and single-channel. The single-channel category generated the highest market revenue of about 58% (USD 3.1 billion) in 2022. Whereas the multi-channel market is likely to grow quickly during the projected timeframe as the number of inputs in a multi-channel system is 3, 9, 16, 25, and so on.
Figure 1: Touch Sensor Market, by Channel Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Touch Sensor Installation Area Insights
The Touch Sensor market segmentation, based on installation area, includes smartphones & tablets, laptops, cars & aircraft solutions, elevators, ATMs, medical devices, panel control systems, kiosk solutions, and others. The smartphones & tablets segment dominated the market, accounting for 36% of market revenue (USD 1.9 Billion) in 2022. It allows a gadget or item to detect contact or proximity, normally done by an actual user or operator. In medical applications, heartbeat oscillators, cancer detection devices, and pressure dispersion assessment in humans are all employed.
Touch Sensor End-user Insights
The Touch Sensor market segmentation, based on end-user, includes consumer electronics, automotive, aerospace, medical, factory automation, retail, and others. The consumer electronics segment dominated the market, accounting for 39% of market revenue (USD 2.1 Billion) in 2022. Putting industrial touchscreens in stores enables businesses to establish an important element of their consumers' brand experience.
Touch Sensor Regional Insights
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Touch Sensor market area will dominate this market during the projected timeframe as infrastructure is well-developed. As a result, technological developments may be quickly adopted, boosting the market growth in the North American region.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Touch Sensor Market Share by Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Touch Sensor market is expected to grow quickly due to the rise of IoT and linked technologies, and promoting gadgets such as tablets and smartphones will boost market demand. Further, the German Touch Sensor market holds the largest market share, and the UK Touch Sensor market is expected to grow and expand significantly in the European region during the projected timeframe.
The Asia-Pacific Touch Sensor Market accounts for the second-highest market share. This is due to rising demand from various businesses and increased disposable income. Moreover, China’s Touch Sensor market dominates the market share, and the Indian Touch Sensor market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.
Touch Sensor Key Market Players & Competitive Insights
Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Touch Sensor market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Touch Sensor industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the Touch Sensor industry to benefit customers and capture untapped market share and revenue. The Touch Sensor industry has recently offered significant advantages to the Sensor & Control and Information technology industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the Touch Sensor market, including STMicroelectronics, Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductor, On Semiconductor, Honeywell International, Qualcomm, Abatek, Shin-Etsu Polymer Europe, Crystal Display Systems Ltd, Neonode Inc., Azoteq, Xymox Technologies, Inc., Microchip Technology and Renesas, are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.
Infineon Technologies AG is a manufacturer of semiconductors and system solutions provider. The firm was established on April 1, 1999, and is based in Munich, Germany. Its business segments are Automotive, Commercial Power Control, Power Management for Automotive and Multimarket, and Cyber Protection Solutions. Infineon Technologies AG spent USD 10.8 million in April 2020 to purchase Cypress Semiconductor Company. It was a smart choice since it allowed them to widen its product spectrum and establish themselves as an innovator in the emerging industrial and IoT markets.
DMC Co., Ltd. was established in 2008. The Company's primary business is the production of computer peripherals. DMC confirmed the debut of its new sensitive touchscreen series in April 2020. The glass frameworks are more lightweight, flexible, and resistant to UV rays, rendering them incredibly user-friendly. It has aided the corporation in extending its product line, resulting in a rise in income inflow.
Key Companies in the Touch Sensor market include
Touch Sensor Industry Developments
November 2023: Some argue that when it comes to biometric sensors, the bigger they are, the better. According to Touch Biometrix, this might be true as it claims to have constructed the thinnest capacitive fingerprint sensor in the world, which is also said to be the largest. TCAP60 is a sensor based on thin-film transistor (TFT) technology and measures 3.2 by 3 inches, thereby fulfilling the Federal Bureau of Investigation (FBI) FAP60 criteria. To capture four flat fingers and rolled fingers simultaneously, scanners with FAP 50 and 60 can be used. This UK-headquartered startup has been targeting enterprise and government application markets after an undisclosed Deepbridge Capital Technology Growth Enterprise Investment Scheme (EIS) fund Series B funding round was secured by it.
November 2023: IKEA introduced three new affordable smart sensors for water leakage detection and motion detection – VALLHORN, PARASOLL, and BADRING. These sensors were created with the aim of giving customers more control over their homes even when they are not around so that they can have peace of mind wherever they are at all times. The company hopes that products like PARASOLL, VALLHORN & BADRING Smart Sensors, among others, within this category of its offering under the IKEA Home smart range will enable individuals to manage their houses from any part of the world. Real-time alerts are sent out whenever activity is detected; hence, users remain connected with their houses whether they are there or not, thus being able to take necessary action where the need arises.
March 2023: This ensures that tanks can be refilled on time without any process interruption and makes chemical inventory management straightforward. Besides that, the Dulconnex cloud platform now has a specific Inventory Management module. Operators in the water and wastewater technology sector disinfected service provider chemical distribution companies and can now access complete digital fluid management systems from a single source. All these devices require ranging sensors through metering control technology that are well coordinated and easily connected within a short period of time.
November 2022: The LSM6DSV16X, ST's flagship 6-axis inertial measurement unit (IMU), combines AI, adaptive-self-configuration, and fusion of the Sensor's low-power methods to achieve maximum power optimization.
April 2020: DMC confirmed the debut of its new sensitive touchscreen series in April 2020. The glass frameworks are more lightweight, flexible, and resistant to UV rays, rendering them incredibly user-friendly. It has aided the corporation in extending its product line, resulting in a rise in income inflow.
April 2020: Infineon Technologies AG spent USD 10.8 million in April 2020 to purchase Cypress Semiconductor Company. It was a smart choice since it allowed them to widen its product spectrum and establish itself as innovator in the emerging industrial and IoT markets.
Touch Sensor Market Segmentation:
Touch Sensor Type Outlook
Touch Sensor Channel Outlook
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Multi-channel
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Single channel
Touch Sensor Installation Area Outlook
Touch Sensor End-User Outlook
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Consumer Electronics
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Automotive
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Aerospace
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Medical
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Factory Automation
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Retail
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Others
Touch Sensor Regional Outlook
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Middle East
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Africa
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Latin America
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 6.27 Billion |
| Market Size 2024 |
USD 7.28 Billion |
| Market Size 2032 |
USD 20.85 Billion |
| Compound Annual Growth Rate (CAGR) |
14.05% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Channel Type, Installation Area, End-User, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
STMicroelectronics, Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductor, On Semiconductor, Honeywell International, Qualcomm, Abatek, Shin-Etsu Polymer Europe, Crystal Display Systems Ltd, Neonode Inc., Azoteq, Xymox Technologies, Inc., Microchip Technology and Renesas |
| Key Market Opportunities |
Increasing Display-based HMI requirements |
| Key Market Dynamics |
Smartphones, tablets, and other technological devices growth digital-enabled electronic book readers, dynamic screens, and digital signs are becoming more popular BOYD's Growing trend |
Frequently Asked Questions (FAQ) :
The Touch Sensor market was valued at USD 6.27 Billion in 2023.
The market is estimated to grow at a CAGR of 14.05% during the forecast period, 2024-2032.
North America had the largest share of the market
The key players in the market are STMicroelectronics, Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductor, On Semiconductor, Honeywell International, Qualcomm, Abatek, Shin-Etsu Polymer Europe, Crystal Display Systems Ltd, Neonode Inc., Azoteq, Xymox Technologies, Inc., Microchip Technology and Renesas.
The Resistive category dominated the market in 2022.
The Single channel had the largest share of the market.
