The Touch Sensors Industry 2023 market is projected to showcase rapid growthe due to growth in consumer electronics, automotive systems and industrial automation. The global touch sensor market is expected to reach USD 13.30 billion by 2030, growing at a CAGR of 12.9% during 2023-2030.
Data is received as of October 2023. The market continues growing leading to the emergence of a few players as industry leaders with a significant footprint in the market and with the significantly innovative offerings and strategic initiatives. In this post, we highlight the top five players by market share, followed by recent M&As, market happenings and new rounds of funding or investment.
Largest Market Share Companies with the Top 5
Synaptics Incorporated
Synaptics is a leading global provider of human interface solutions, including touch sensors. It provides capacitive touch sensors, fingerprint sensors, and display drivers that serve a broad swath of smartphones, laptops, and automotive systems. Synaptics in every now and then invest in R&D and strategic partnerships to enhance its foothold in the market.
Microchip Technology Inc.
Microchip Tech View, (Microchip Technology)Microchip Technology is one of the top players in the touch sensor market, providing strong and valid touch solutions for industrial & consumer approaches. The company also provides low-power, high-performance touch controllers used by device makers in IoT devices and home automation.
Texas Instruments Incorporated
Texas Instruments (TI) is an industry leader in touch sensors, with cutting-edge capacitive touch sensing solutions. TI's products are commonly found in automotive infotainment systems, home appliances and industrial control panels. Its dedicated commitment to quality and innovation has ensured it to remain on the number one position in the market.
Cypress Semiconductor Corporation (Subsidiary of Infineon Technologies)
Cypress Semiconductor (now part of Infineon Technologies) is one of the largest touch sensor companies. Cypress delivers tailored touch solutions for a wide range of products, from wearables to smart home and automotive applications with its unique PSoC (Programmable System-on-Chip) technology.
STMicroelectronics
Sustainability, innovation, and solutions foe challanges of tommorow is STMicrlectronic focuses — leading provide for the touch sensors. The company’s touch sensors are found in consumer electronics, automotive and industrial applications. The latest development is an example of STMicroelectronics' broad and expanding portfolio that addresses the evolving needs of the market.
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Recent M&A Activity
The touch sensor sector has seen a wave of M&A activity in recent years as larger players look to bolster their technological capabilities and market presence by acquiring smaller vendors.
Infineon Technologies Acquired Cypress Semiconductor: In 2020, Infineon Technologies acquired Cypress Semiconductor to solidify its share in the touch sensor industry. Infineon's ability to deliver higher levels of semiconductor solutions, including advanced touch technologies, has opened the office as part of the merger.
Synaptics Acquires DisplayLink — 2021 — In 2021, Synaptics acquired DisplayLink, the leader in video compression technology. As a result of this acquisition, Synaptics could incorporate more advanced display and touch solutions into its existing product segments.
Latest Market Trends in the Recent Past
The touch sensor market is changing rapidly, with some recent developments that are expected to shape its future:
Growing Need for Haptic Feedback: Companies such as Synaptics and Texas Instruments are focused on the haptic feedback technology that improves the user experience by creating tactile response to touch input. This technology is becoming more common in cars and gaming.
Integration with IoT and AI: Touch sensor manufacturers are increasingly integrating their solutions with IoT and AI technologies, enabling smarter and more intuitive user interfaces. Smart home devices and industrial automation systems are on the forefront of this phenomenon.
Sustainability Remains at the Fore: Companies such as STMicroelectronics are focused on sustainability by producing energy-saving touch sensors and embracing sustainable manufacturing.
New Funding and Investments
The touch sensor domain is witnessing massive investments as advanced touch solutions are in demand:
Pushing Next-Gen Touch and Display Technologies — Synaptics' Clear Move: Synaptics has recently raised funds to boost its R&D drive in next-gen touch and display technologies. The company is also putting resources into AI-based touch solutions in emerging markets.
Investments by STMicroelectronics: STMicroelectronics recently revealed plans to invest heavily in expanding its manufacturing and R&D capabilities. The investment looks to cater to the growing demand for touch sensors in the automotive and industrial spaces.
Emerging Players: Funded Startups In The Touch Sensor Space These market players are targeting niche applications such as flexible touch sensors and wearables.
Conclusion
Touch sensor market is expected to grow as technology advances and penetration expands across different verticals. Key players in this space such as Synaptics, Microchip Technology, Texas Instruments, Infineon Technologies, and STMicroelectronics are considered leaders in the industry, excelling at maintaining their edge via mergers, acquisitions and strategic investments. Most of these companies have advanced touch sensor technologies waiting at the door which will guide the market in future according to their integrated options.