2014-03-26 09:51:01 - Global Touch Controller IC Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Touch Controller IC market is to grow at a CAGR of 31.5 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of smartphones and tablets. The Global Touch Controller IC market has also been witnessing increasing penetration in the Healthcare Equipment sector. However, the increasing cost of production could pose a challenge to the growth of this 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.
Additionally, 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.
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.
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 of this, 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 key vendors dominating this market space are Atmel Corp., Cypress Semiconductor Corp., and Synaptics Inc.
Other vendors are 3M Touch Systems, Broadcom Corp., Freescale Semiconductor Holdings I Ltd., and Fujitsu Ltd.
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