PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606420
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606420
The market for Automotive Touch Sensor was projected to reach USD 1,815.2 million in 2023 and expand at a CAGR of 5.70% between 2024 - 2032.
Automotive touch sensors are electronic gadgets that recognize touch or proximity and translate it into a digital signal so that a user can operate and communicate with various vehicle systems. These sensors pick up input from the user's touch or gesture using capacitive or resistive touch technology. The electrical characteristics of the human body are what allow capacitive touch sensors-which are more frequently found in the automotive industry-to detect touch. The growing need for cutting-edge technologies and intuitive interfaces in cars has led to a notable expansion in the automotive touch sensor industry in recent years. Automobile control panels and displays aren't complete without touch sensors, which let users easily interact with a variety of features and functions. With the aid of these sensors, climate controls, navigating infotainment systems, and other car settings are simple and easy.
Automotive Touch Sensor Market- Market Dynamics
Increasing Autonomous Vehicle Growth to Fuel Touch Sensor Demand
Over the coming years, it is expected that the autonomous capabilities of cars that are now on the market will advance quickly because of stricter laws, safety tests (especially for emergency brake assistance), and rising public awareness of vehicle safety. In industrialized nations, for example, all cars must have features like cruise control and lane-keep assist, and blind-spot monitoring laws are in place, especially in Europe. For functions like adaptive cruise control, these cars need long-range radar sensors. For blind spot detection, they need about two medium-range, rearward-facing radar sensors. In addition, functions like parking assistance need up to 12 ultrasonic sensors. It is, therefore, anticipated that as demand for autonomous driving features rises, so will the need for high-precision sensors. Thus, driving the automotive touch sensor market growth.
Automotive Touch Sensor Market- Key Insights
According to our research analyst's analysis, the global market is projected to expand at a CAGR of approximately 5.70% during the forecast period of 2024-2032.
The capacitive category was predicted to hold the largest market share in 2023 based on type.
The passenger cars category was predicted to hold the largest market share in 2023 based on vehicle type.
In 2023, the infotainment systems category emerged as the top segment based on application.
Asia Pacific held the largest revenue share by region in 2023.
The Global Automotive Touch Sensor Market is segmented into Type, Vehicle Type, Application, Technology, and Region.
Based on application, the market is segmented into Navigation Systems, Infotainment Systems, Climate Control, and Others. Due to rising consumer demand for better in-car connection and entertainment, infotainment systems account for a sizeable share of the industry. Touch sensors are essential to providing infotainment systems with an easy-to-use and engaging user experience. They let consumers effortlessly operate audio, video, and other features. The need for touch sensors in this market is being further driven by the expanding trend of linked cars and the incorporation of smartphone features into infotainment systems. However, another important application for automotive touch sensors is navigation systems. Touch interfaces are used in these systems to let users choose routes, enter destinations, and access different navigation functions. Advanced touch sensor technologies are becoming more and more popular as a result of the need for accurate and responsive touch inputs in navigation systems.
In addition, the automotive touch sensor market is divided into two segments based on technology: single-touch and multi-touch. With a single point of contact, users can interact with an interface through single-touch sensors, which is the most basic type of touch technology. Common uses for these sensors include rudimentary infotainment and climate control systems, where touch inputs alone are adequate. Because they are affordable and simple to integrate into car systems, single-touch sensors should continue to be in high demand. On the other hand, multi-touch sensors enable users to use numerous points of contact at once to engage with the interface. Slide motions and pinch-to-zoom are only two examples of the more sophisticated and natural interactions made possible by this technology. Modern infotainment and navigation systems often incorporate multi-touch sensors to make the user experience more engaging and interactive.
Automotive Touch Sensor Market- Geographical Insights
The Automotive Touch Sensor market is widely distributed geographically in North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. These areas are further separated based on the countries that provide business.
Throughout the forecast period, the automotive touch sensor market dominated in the Asia Pacific region, which will hold the greatest market share. The substantial automobile sector in the region, especially in China, Japan, and South Korea, is the reason for its dominance. Because these nations are at the forefront of automotive technology breakthroughs, there is a significant demand for touch sensors. Furthermore, its expanding middle class and growing disposable income are driving up demand for high-end cars with cutting-edge touch sensor interfaces.
The established automotive sector in Europe and the growing demand for high-end vehicles have created a significant market for automotive touch sensors. Key players in the market with strong demand for cutting-edge touch sensor technology include Germany, France, and the United Kingdom. Touch sensors are growing in popularity in Europe as a result of the growing focus on reducing driver distraction and enhancing overall vehicle safety. Demand for automotive touch sensors is also expected to rise as a result of the region's strong emphasis on environmental sustainability and the rising acceptance of electric vehicles.
There are multiple major companies in the automotive touch sensor market, such as Bosch, NXP Semiconductors, Delphi Technologies, Alps Electric Co., Ltd., Continental AG, Denso Corporation, Microchip Technology Inc., and others. Their competitive landscape is defined by their efforts to improve their market position through innovation, strategic alliances, and mergers and acquisitions. The automotive sector is characterized by intense competition as businesses strive to match the increasing demand for intuitive and user-friendly interfaces through the development of new touch sensor technology. The competitiveness is heightened by the speed at which technology is developing and the growing focus on delivering a flawless user experience through touch-based controls.
September 2023: Vehicle user interfaces will be revolutionized with superior touch-sensing capabilities thanks to a strategic partnership between Ultrasense Systems, a leader in touch interface technology, and Mobase. By incorporating Ultrasense's state-of-the-art touch sensor technology into a range of automobile applications, this ground-breaking partnership seeks to improve the tactile experience for both drivers and passengers. These touch sensors mirror the strict quality requirements of the automobile industry by promising not only to simplify the physical controls within a car but also to improve durability and reliability.
September 2023: TouchNetix said that it is partnering with KIA, a major automobile manufacturer, and Alps Electric Korea Co., Ltd. The new KIA EV9 electric SUV boasts a futuristic user experience thanks to the integration of TouchNetix's cutting-edge AX54A microprocessor. The Audio Video Navigation (AVN) system of the SUV is directly interfaced with these state-of-the-art buttons, which function as a central home control and facilitate infotainment access more smoothly than before. By incorporating TouchNetix's exclusive force-sensing technology, touch interactions gain an additional layer of functional safety that guarantees a safe and responsive user experience.
March 2023: Advances in resistive touch sensor technology have been revealed by Texas Instruments Incorporated, which will increase market penetration in price-sensitive vehicle segments and optimize sensor performance in challenging environmental circumstances.
January 2023: In line with the trend toward connected and autonomous automobiles, Cypress Semiconductor Corporation unveiled AI-powered touch sensors that allow for individualized driving experiences and predictive user interaction.