Global Touch Screen Display Market, By Screen Types (Capacitive Touch Screens, Resistive Touch Screens, Surface Acoustic Wave Type Displays, Infrared Touch Screens, Others), Application (Personal Use, Professional Use) – Industry Trends and Forecast to 2029.
Global Touch Screen Display Market Analysis and Size
Touchscreen technology is being highly deployed as a way of interacting with computer systems, especially mobile devices. Nowadays, regular laptop and desktop computers utilize touchscreen displays so the users can touch along with the traditional ways of input, including keyboards and mice.
Global Touch Screen Display Market was valued at USD 28.87 billion in 2021 and is expected to reach USD 60.41 billion by 2029, registering a CAGR of 9.00% during the forecast period of 2022-2029. “Personal Use” accounts for the largest application segment in the respective market owing to the high consumption of the technology. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Global Touch Screen Display Market Definition
A touchscreen refers to an electronic visual display that can be used by individuals for controlling by touching the screen with one or more fingers. A touchscreen enables a much more direct interaction with what is displayed compared to a device. These electronic visual displays are widely utilized on smart phones, tablet computers and other mobile devices.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Screen Types (Capacitive Touch Screens, Resistive Touch Screens, Surface Acoustic Wave Type Displays, Infrared Touch Screens, Others), Application (Personal Use, Professional Use)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
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Market Players Covered
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3M (US), Corning Incorporated (US), Displax (Portugal), Mouser Electronics, Inc. (US), FUJITSU (Japan), Cypress Semiconductor Corporation. (US), Microsoft (US), SAMSUNG (South Korea), Synaptics Incorporated (US), LG Electronics. (South Korea), and WINTEK Corporation (US), among others
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Market Opportunities
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Touch Screen Display Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
- Smartphone Proliferation
The increase in the smartphone and tablets proliferation acts as one of the major factors driving the growth of touch screen display market. Technological advancements are leading a radical shift from traditional slow, bulky and imprecise resistive mono touch to highly sensitive multi-touch capacitive screen have a positive impact on the industry.
- Indoor Commercial Displays
The increase in use of indoor commercial displays at indoor arenas, retail stores, hotels, sports stadiums, airports, retail stores, schools, and restaurants, among others accelerate the market growth. These displays are used in various industries, including education, retail, healthcare, and corporate and broadcast industries.
- Advancement in Hardware Technology
The developments in the hardware technology rising the demand for more improved touchscreens further influence the market. The use of the aforementioned value-added features to touchscreen improves the end-user experience.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the touch screen display market.
Opportunities
Furthermore, introduction of ultra-slim glass, thinner then dollar bill extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, growth of new technologies such as rollable display and wearable technologies will further expand the market.
Restraints/Challenges Global Touch Screen Display Market
On the other hand, high cost associated with the installation and maintenance is expected to obstruct market growth. Also, development of robust equipment is projected to challenge the touch screen display market in the forecast period of 2022-2029.
This touch screen display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on touch screen display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Touch Screen Display Market
The COVID-19 has impacted touch screen display market. The limited investment costs and lack of employees hampered sales and production of touch screen display technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the touch screen display as it targeted the right audience. The increase in sales of devices such as smart phones and tablets across the globe is expected to further drive the market growth in the post-pandemic scenario.
Recent Developments
- NEC Corporation and Sharp Corporation joined agreed for a joint venture by combining NEC Display Solutions, Ltd. (NDS), a subsidiary of NEC, with Sharp in March’2020. The move was made the production and development of visual solutions. The agreement will allow both the companies to build upon their strengths.
- LG Electronics Launched the new transparent OLED display with touch screen technology in 2020 for digital signage. The product uses projected capacitive film technology on its touchscreen and offers enhanced transparency.
Global Touch Screen Display Market Scope and Market Size
The touch screen display market is segmented on the basis of application and screen types. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Screen Types
- Capacitive Touch Screens
- Resistive Touch Screens
- Surface Acoustic Wave Type Displays
- Infrared Touch Screens
- Others
Touch screen display market on the basis of screen types has been segmented as capacitive touch screens, resistive touch screens, surface acoustic wave type displays, infrared touch screens, and others.
Application
- Personal Use
- Professional Use
On the basis of application, touch screen display market has been segmented into personal use, and professional use. Personal use has been further segmented into tablets, smartphones, consumer electronics, and others. Professional use has been further segmented into health care, kiosks, education, retail, government sectors, and others.
Touch Screen Display Market Regional Analysis/Insights
The touch screen display market is analysed and market size insights and trends are provided by country, application and screen types as referenced above.
The countries covered in the touch screen display market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
North America dominates the touch screen display market because of the high use of technology-intensive products and growing demand for exceptional picture quality within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the high smartphone adoption rate and availability of raw materials in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Touch Screen Display Market
The touch screen display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to touch screen display market.
Some of the major players operating in the touch screen display market are:
- 3M (US)
- Corning Incorporated (US)
- Displax (Portugal)
- Mouser Electronics, Inc. (US)
- FUJITSU (Japan)
- Cypress Semiconductor Corporation. (US)
- Microsoft (US)
- SAMSUNG (South Korea)
- Synaptics Incorporated (US)
- LG Electronics. (South Korea)
- WINTEK Corporation (US)
Research Methodology : Global Touch Screen Display Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts
https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-touch-screen-display-market
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