North America Touch Screen Controllers Market Size

North America Touch Screen Controllers Market Analysis

The North America touch screen controllers market is expected to register a CAGR of 13.4% over the forecast period. For proper working of screens, there is a need for an intermediate medium for which the touch screen controllers are used. Touch screens are being highly used screens across various applications, which is bolstering the market growth.

• The growing demand for touch screens in the electronics products such as tablets, door lock systems, smart home appliances, and automobile infotainment systems is propelling the growth of touch screen controllers in the market.
• In addition, the rapid digitalization in the BFSI industry has resulted in the integration of ATM machines, biometric devices for KYC, POS machines for online payments, and printing machines for passbook printing at banks, which is significantly boosting market growth.
• Touch screen displays are in huge demand across the world. The need for touchscreen has been rising exponentially as the vendors launch their own versions of smart devices. This growth is driving the touch screen controller market, with the increasing application of touch screens across industries. However, the technical complexity and more power consumption are straining the market growth.
• The imposition of lockdown during COVID-19, the employees were preferably working from, has positively impacted the touchscreen controller market as the demand increased for touch-enabled devices like smartphones, tablets, kindles, etc. Moreover, the supply chain disruptions caused due to the pandemic outbreak also impacted production activities across the globe.