Technology

Touch Controller IC Market size is set to grow by USD 30.91 billion from 2024-2028, Increasing sales of electronic devices to boost the market growth, Technavio

Published

2 years ago

July 4, 2024

NEW YORK, July 4, 2024 /PRNewswire/ — The global touch controller IC market size is estimated to grow by USD 30.91 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 29.73% during the forecast period. Increasing sales of electronic devices is driving market growth, with a trend towards emerging flexible displays. However, increasing competition among vendors poses a challenge. Key market players include Analog Devices Inc., Apex Material Technology Corp., Cirque Corp., eGalax eMPIA Technology Inc., Elo Touch Solutions Inc., FocalTech Systems Co. Ltd., Hycon Technology Corp., Infineon Technologies AG, Maxim Integrated Products Inc., MELFAS BD, Microchip Technology Inc., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Silicon Laboratories Inc., Sitronix Technology Corp., Solomon Systech International Ltd., STMicroelectronics International N.V., Synaptics Inc., and Texas Instruments Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Automotive, Smartphones, ATMs, and Others), Technology (Resistive touchscreen and Capacitive touchscreen), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

APAC, North America, Europe, Middle East and Africa, and South America

Key companies profiled

Analog Devices Inc., Apex Material Technology Corp., Cirque Corp., eGalax eMPIA Technology Inc., Elo Touch Solutions Inc., FocalTech Systems Co. Ltd., Hycon Technology Corp., Infineon Technologies AG, Maxim Integrated Products Inc., MELFAS BD, Microchip Technology Inc., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Silicon Laboratories Inc., Sitronix Technology Corp., Solomon Systech International Ltd., STMicroelectronics International N.V., Synaptics Inc., and Texas Instruments Inc.

Key Market Trends Fueling Growth

The touch controller IC market is anticipated to expand due to the increasing adoption of flexible displays, particularly OLED and AMOLED types. These displays, which integrate touch controller ICs between the display and touch sensor, are becoming popular in high-end devices. Notable manufacturers like Samsung and LG Electronics, leaders in AMOLED production, are driving market growth with their use in smartphones and wearable devices. This trend is expected to significantly boost the demand for touch controller ICs during the forecast period.

The touch controller IC market is currently experiencing significant growth due to the increasing demand for advanced user interfaces in various industries. Screens and touch sensors are crucial components in this sector. Our company offers a range of high-quality touch controller ICs that provide screen responsiveness and accuracy. These ICs are essential for consumer electronics, automotive, and industrial applications. Our products are designed to meet the latest industry standards, ensuring compatibility with various operating systems and display technologies. Additionally, our ICs are known for their durability and reliability, making them ideal for use in harsh environments. Our commitment to innovation and excellence sets US apart in the touch controller IC market.

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The Touch Controller IC Market is witnessing an influx of global and regional vendors, with APAC entrants intensifying competition. Vendors like MELAS and FocalTech join established players such as Microchip Technology, Synaptic, and Cypress Semiconductor. Market entry criteria prioritizing technological expertise are less stringent, leading to increased competition and price wars. Vendors aim to offer competitive prices for touch controller ICs, causing a decline in Average Selling Prices (ASPs) and negatively impacting revenue growth during the forecast period.The Touch Controller IC market faces several challenges in the procurement process. The key components, such as Touch Controller ICs, microcontrollers, and connectors, are in high demand due to the increasing use of touch technology in various applications. The supply chain is complex, involving multiple suppliers and long lead times. The cost of these components can also be a challenge, as prices can fluctuate based on market conditions and demand. Additionally, ensuring the reliability and consistency of these components is crucial for manufacturers to produce high-quality products. The integration of these components into larger systems can also present challenges, requiring careful planning and coordination. Overall, managing the Touch Controller IC market requires a strategic approach to address these challenges and ensure a steady supply of these critical components.

For more insights on driver and challenges – Download a Sample Report

Segment Overview

This touch controller ic market report extensively covers market segmentation by

Product 1.1 Automotive1.2 Smartphones1.3 ATMs1.4 OthersTechnology 2.1 Resistive touchscreen2.2 Capacitive touchscreenGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Automotive- The Touch Controller IC market experiences consistent growth due to the increasing demand for user-friendly interfaces in various industries. These integrated circuits enable touch sensitivity in devices, enhancing user experience. Major sectors, such as consumer electronics and automotive, significantly contribute to market expansion. Additionally, advancements in touch technology and its integration into various applications continue to fuel market growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Touch Controller IC market encompasses the production and sales of microchips specifically designed to process input signals from touch screens. These ICs are integral to various touchscreen-enabled devices, including tablets, computers, smartphones, smartwatches, automotive systems, and interactive displays. They facilitate the I/O function of touchscreens, enabling users to interact with their devices through simple gestures. Advancements in touchscreen technology have led to the development of flexible screens, which require specialized touch controller ICs. These ICs are also essential in the implementation of augmented reality (AR) and virtual reality (VR) applications, as they allow for accurate touch position detection. The Touch Controller IC market is expanding rapidly, driven by the increasing demand for IoT devices and the integration of touchscreens into various industries, such as automotive and computing. Processors, such as those from Analog Devices and Freescale Semiconductor, often include touch controller ICs in their offerings. Product pricing for touch controller ICs varies depending on their specifications, with factors such as resolution, response time, and compatibility with different touchscreen technologies influencing the cost. LCDs and computer desktops, which often use larger touchscreens, may require more powerful touch controller ICs, leading to higher prices.

Market Research Overview

The Touch Controller IC market encompasses a wide range of microcontrollers and sensors designed to enable touch interaction in various electronic devices. These components are integral to the functionality of touchscreens, allowing users to input commands through simple gestures. The market for touch controller ICs is driven by the increasing demand for advanced user interfaces in consumer electronics, automotive applications, and industrial automation. The technology behind touch controllers is continually evolving, with innovations such as capacitive, resistive, and infrared touchscreens pushing the boundaries of user experience. Additionally, the integration of advanced features like haptic feedback and multi-touch capabilities is further expanding the market potential for touch controller ICs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductAutomotiveSmartphonesATMsOthersTechnologyResistive TouchscreenCapacitive TouchscreenGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/touch-controller-ic-market-size-is-set-to-grow-by-usd-30-91-billion-from-2024-2028–increasing-sales-of-electronic-devices-to-boost-the-market-growth-technavio-302188966.html

SOURCE Technavio

Technology

Monnit Introduces NIST Detachable Leads to Streamline Compliance Monitoring

Published

31 minutes ago

June 18, 2026

New hot-swappable lead architecture reduces downtime, simplifies recertification, and helps organizations maintain continuous monitoring.

SALT LAKE CITY, June 18, 2026 /PRNewswire/ — Monnit announced new NIST Standard and Low Temperature and Humidity Detachable Leads for compatible ALTA® Sensor Bases designed to simplify sensor recertification, reduce downtime, and support continuous compliance monitoring.

“Organizations shouldn’t have to choose between maintaining compliance and operational continuity,” said Brad Walters, Founder and CEO of Monnit. “Our detachable lead architecture allows customers to hot-swap certified leads in minutes while preserving traceability and keeping trusted monitoring programs running.”

Each NIST Detachable Lead is uniquely calibrated and designed to support traceability requirements aligned with the National Institute of Standards and Technology (NIST) standards.

Rather than removing and shipping an entire sensor for recertification, customers can disconnect only the lead, connect a certified replacement, and send the original lead for recalibration. This approach is ideal for pharmaceuticals, healthcare facilities, laboratories, food storage operations, manufacturing environments, and other applications that require calibration records.

In addition to these hot-swappable, removable leads or cables with probes, we offer short Monnit Standard Temperature and Humidity Detachable Non-Leaded Probes that you can connect to compatible sensor bases.

Each NIST Detachable Lead or Probe connects to compatible ALTA Industrial and Enterprise Sensor Bases via sealed, keyed M8 6-pin connectors designed for field installation. Embedded memory within the lead stores unique lead and sensor identification, calibration data, certification information, and traceability records.

Key features and benefits include:

Hot-swappable lead replacement that minimizes downtime and monitoring interruptionsNIST-traceable calibration support and ISO 17025-accredited lab certificationSupport for FDA 21 CFR Part 11 workflows and audit programsAutomatic synchronization of calibration information with iMonnit® SoftwareLogging of lead connection and disconnection events in iMonnitHot-swapping capability while powered on or off for easier servicing

Monnit and its accredited lab partner, Sensor Calibrations, provide 25-month certificates for NIST Detachable Standard Temperature Leads and 13-month certificates for NIST Detachable Low Temperature and Humidity Leads.

Compatible ALTA Sensor Bases automatically recognize connected lead types and maintain digital maintenance records, helping organizations avoid monitoring gaps caused by traditional recertification.

About Monnit Corporation
The origin story of the Internet of Things (IoT) begins with Monnit. Before our inception in 2010, we were already at the forefront of embedding technology into machines and devices to enable them to talk and deliver valuable data to business leaders. Monnit Remote Monitoring Solutions for nearly any industry use case have delivered 72B+ data points in 130+ countries for 90K+ customers. Monnit’s 80+ long-range IoT sensors remotely monitor many conditions such as temperature, light, humidity, water, vibration, pressure, and more. You can analyze data using iMonnit cloud software and get alerts via email, text, push notification, or call when our sensors detect a change you should know.

Media Contact:
David Hill
Marketing Communications
801-505-8172
417089@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/monnit-introduces-nist-detachable-leads-to-streamline-compliance-monitoring-302803906.html

SOURCE Monnit

Technology

Monnit Introduces NIST Detachable Leads to Streamline Compliance Monitoring

Published

31 minutes ago

June 18, 2026

New hot-swappable lead architecture reduces downtime, simplifies recertification, and helps organizations maintain continuous monitoring.

Each NIST Detachable Lead is uniquely calibrated and designed to support traceability requirements aligned with the National Institute of Standards and Technology (NIST) standards.

Key features and benefits include:

Compatible ALTA Sensor Bases automatically recognize connected lead types and maintain digital maintenance records, helping organizations avoid monitoring gaps caused by traditional recertification.

Media Contact:
David Hill
Marketing Communications
801-505-8172
417089@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/monnit-introduces-nist-detachable-leads-to-streamline-compliance-monitoring-302803906.html

SOURCE Monnit

Technology

deepset Joins HPE’s Unleash AI Program to Accelerate Sovereign Agentic AI

Published

31 minutes ago

June 18, 2026

SAN JOSE, Calif., June 18, 2026 /PRNewswire/ — deepset, the company behind Haystack, the production-ready open-source AI agent framework and platform, today announced it has joined the HPE Unleash AI partner program to help government, defense, and regulated enterprises deploy production-grade AI systems in sovereign, self-hosted, and air-gapped environments.

As part of the collaboration, deepset will leverage the Haystack Enterprise Platform, deepset’s platform for building, orchestrating, and governing AI agents and applications, and HPE’s AI ecosystem and infrastructure portfolio to help organizations rapidly identify and operationalize high-value AI use cases while reducing deployment complexity and risk. This enables customers to access AI-ready infrastructure, strategic guidance, and accelerated pilot execution to address their most challenging AI adoption and operationalization needs.

Together, the companies enable organizations to deploy AI agents, multi-agent systems, and Retrieval-Augmented Generation (RAG) applications on self-hosted, sovereign, and air-gapped infrastructure while maintaining full ownership over sensitive and classified data, models, and AI operations.

Customers can leverage the joint architecture to operationalize governed AI applications faster while maintaining the security, compliance, and deployment flexibility required for sovereign and mission-critical environments.

The HPE Unleash AI partner program is a curated ecosystem, combining ISV solutions that go through comprehensive validation testing with engineered HPE AI systems, including HPE Private Cloud AI and the broader HPE AI Factory with NVIDIA solutions, to deliver the performance, security, and scalability enterprises need for production AI. By joining the program, deepset expands access to governed AI platform capabilities designed for organizations operating in highly regulated environments, including public sector, defense, cybersecurity, and enterprise industries.

The Haystack Enterprise Platform enables organizations to:

Build and govern AI agents, multi-agent systems, and RAG applicationsDeploy AI on self-hosted, private cloud, and air-gapped infrastructureOrchestrate modular AI pipelines across models, databases, and enterprise systemsEnforce governance, auditability, and lifecycle management for production AISupport sovereign AI initiatives aligned with European and national security requirements

The collaboration builds on deepset’s experience supporting sovereign AI initiatives with organizations including the European Commission, the German Ministry of Research, Technology and Space (BMFTR), and other government, defense, and enterprise organizations deploying sovereign AI systems under strict governance and security requirements.

“With agentic AI moving into operational deployment, organizations need infrastructure and AI platforms they can control and trust,” said Milos Rusic, CEO and co-founder of deepset. “The challenge is getting agentic systems into production while maintaining control over infrastructure, governance, and sensitive data. Together with HPE, we’re helping customers deploy governed AI systems faster across highly regulated and mission-critical environments.”

Use cases supported through the joint architecture include:

Sovereign AI platform for public sector & regulated industry institutionsSovereign AI intelligence and decision-support systems for classified operationsCybersecurity investigation and threat analysisAI agents for technology, manufacturing, research, legal, and financial workflows

“The Unleash AI program is designed to help organizations deploy AI solutions faster and with greater operational confidence,” said Robin Braun, Vice President of AI Business Development, Hybrid Cloud, HPE. “Together, HPE and deepset are delivering secure, governed AI solutions that combine enterprise-grade infrastructure with flexible and governed AI agent capabilities to help customers operationalize AI across hybrid, sovereign, and classified environments.”

For more information, visit https://www.deepset.ai

About deepset

deepset is the company behind Haystack, the leading open-source framework and platform for building production-grade AI applications and agentic systems. deepset enables enterprises and public sector organizations to develop, deploy, and govern flexible AI applications powered by their choice of large language models, enterprise data, infrastructure, and governance policies across cloud, hybrid, and sovereign environments.

Media Contact
Steph McGuirk
417109@email4pr.com
845.269.8868

View original content to download multimedia:https://www.prnewswire.com/news-releases/deepset-joins-hpes-unleash-ai-program-to-accelerate-sovereign-agentic-ai-302803905.html

SOURCE deepset