A Touchpad is a pointing device. It is the alternative to the mouse used in PCs. It is used to control and monitor the cursor, which is used to point items of the screen. The Touchpad is commonly designed for laptops. Some of the important features that have made the Touchpad, so popular in the market are its accuracy, reliability, repeatability and many others.
The companies involved in the manufacturing of Touchpad market are now focusing on maximizing the sensitivity of the Touchpad, which will provide accurate results. This development will help the market to penetrate further and increase the touchpad market size. The market find their applications in diverse sectors such as in industrial, automotive, healthcare, and others.
The global touchpad market is segmented on the basis of type, application, operation, end use and region. Based on type, the market is divided into traditional touchpads, button less touchpads. In terms of application, the market is categorized into notebooks, desktop keyboards, signature capture products. On the basis of operation, the market is divided into capacitive and resistive. On the basis of end use the market is divided into residential, commercial, automotive, industrial, healthcare and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
COVID-19 Scenario Analysis
The COVID-19 pandemic is a serious health emergency that affects almost every industry. The COVID-19 pandemic has forced all regulatory agencies around the world to implement lockdown and travel restrictions to control COVID-19 outbreak, which has a negative impact on business growth.
In the past decade, the touchpad is an important part of the consumer electronics devices. However, the COVID-19 pandemic has severely hampered the growth of the Touchpad market trends. The production rate of the electronics devices decreased, which led to a price increase in the market, which can be proven with the help of an economic theory of the "price elasticity of supply" to continue their operation with only limited workforce. The rise in price lowers the demand for Touchpad and impacts the industry in the touchpad market forecast period.
Top Impacting Factors
The major factors that impact the growth of the Touchpad market include emerging demand for touchpad in consumer electronics. In addition, implementation of advance technology such as AI for multiple finger gesturing to provide navigation and biometric security to the user.
In addition, Synaptics Incorporated provides Touchpad, ForcePad, SecurePad, ClickPad and other touchpad products to meet the specific needs of touchpad drivers for more precise user experience. The company also focuses on technologies such as multi-finger gestures, forced navigation, and biometrics.
Extensive Use of Touchpad Market in Consumer Electronics
The Touchpads are deployed to provide more precise user-interface. They make the product more attractive and provide security to the device. Touchpads are used for attendance, as they help provide biometric scanning and navigation to the employees in the government sector, like railways, airports and others. The defense sector across China, India, and South Korea have accelerated their spending for security, which in turn boosts the growth of the market.
Wide-scale Adoption of Advance technology in Touchpad
AI and IoT technology when coupled with the market provides some additional features to the Touchpad market such as biometric sensor, forced navigation, and multi-finger gesturing. Major player in the market, Interlink electronics, introduces the ‘VersaPad’ plus, which help to operate medical gloves. Thus, these advancements in technology make way for the growth of the touchpad market.
Key Benefits of the Report
- This study presents the analytical depiction of the arket along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Touchpad market share.
- The current market is quantitatively analyzed to highlight the Touchpad Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Touchpad Market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Touchpad Market Research Report
- What are the leading market players active in the market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Touchpad Market Report Highlights
By End Use
Key Market Players
Elan Microelectronics, Cirque Corporation, Transparent Products, Inc, ALPS ALPINE CO., LTD, Digimore Electronics Co., Ltd., A D METRO INC, Touch International, Microchip Technology Inc., Greentouch Solutions, Inc., Faytech North America, DMC CO., LTD, Interlink Electronics, Apple Inc., Elcom Design Inc, RSP Inc, Shenzhen Boxing World Technology Co. Ltd, Goodix, Synaptics Incorporated