Global Touch Screen Display Market Insights Forecasts to 2030
- The Touch Screen Display Market size was valued at USD 65.60 Billion in 2021.
- The Market is growing at a CAGR of 8% from 2022 to 2030
- The Global Touch Screen Display Market is expected to reach USD 163.10 Billion by 2030
- North America is expected to grow the fastest during the forecast period
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The Global Touch Screen Display Market is expected to reach USD 163.10 billion by 2030, at a CAGR of 8% during the forecast period 2022 to 2030. The COVID-19 pandemic outbreak has adversely affected economies and industries in several nations owing to lockdowns, travel bans, and business shutdowns which in order have affected the touch screen display market size. In Addition, the lockdown in the Asia Pacific which is the highest growing region led to the undersupply of various parts used in automobiles as most of the spare parts are procured from this region's local market.
A touch screen display is an electronic display screen that is also both an input and output device. An individual or group can interact with the ATM, fast food ordering terminals, self-checkouts, cash registers, electronic vending machines, kiosks computers, tablets, smartphones, or touch-controlled appliances by using hand gestures and fingertip movements to tap pictures, moving elements, or type words on the screen. Touch screens are a user-friendly replacement for using a keyboard or mouse while navigating a GUI. These screens utilize pressure-sensitive mechanisms and can be practiced using fingers or a pointer. Further, devices can also use touch screens with a matrix of IR visible radiations that sense a finger in motion, contrary to the need for touch-sensitive input.
This research report categorizes the market for the global touch screen display market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the touch screen displaymarket. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the touch screen displaymarket.
Global Touch Screen Display Market Report Coverage
|Market Size in 2021:||USD 65.60 Billion|
|Forecast Period 2021-2030 CAGR:||8%|
|2030 Value Projection:||USD 163.10 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||190|
|Tables, Charts & Figures:||130|
|Segments covered:||By Screen Type, By Technology, By Application, By End-User, By Region, and COVID-19 Impact Analysis|
|Companies Covered:||Cisco Systems Inc., DISPLAX, BenQ Corporation, Google Inc., Sharp, Crystal Display Systems Ltd., Corning Incorporated, Microsoft Corporation, AU Optronics, Planar Systems Inc., SMART Technologies, IntuiLab SA, NEC Corporation, FUJITSU, Innolux Corporation, Leyard Optoelectronics, BOE Technology, Egan Teamboard Inc., Panasonic Holdings Corporation, NEC Display Solutions Ltd., Epson America Inc., LG Display Co. Ltd., ViewSonic Corporation, Samsung Display Co. Ltd., Qisda Corp., Mouser Electronics, Inc.|
|Pitfalls & Challenges:||COVID-19 has the potential to impact the global market|
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Touch screen displays are also important in the educational sector as the lockdowns of the COVID-19 pandemic resulted in the closing of schools and colleges. The only solution for resuming the postponed curriculum was through online lectures using smartphones and laptops and tablets which resulted in the increasing demand for touch screen displays on these devices. Furthermore, touch screen displays are also used in classrooms or on college campuses for giving a presentation. This key factor in the educational sector is anticipated to boost the global touch screen display market in the future. In addition, the technological advancement and the rapid adaptation of technologically advanced, energy-efficient, attractive, and high-end-specification display products, as well as the high adoption of touch screen displays in various industries such as retail, essential services, healthcare, and ATM, are the determining factor for the global touch screen display market during the projected period.
The direct interaction between devices and users such as touch, gesture, or voice has decreased the use of touch screen displays, especially speech as voice recognition software helps directly by identifying the pattern and sequence of the specific person. Voice recognition software like ALEXA, SIRI, and Google Assistant is encouraging people towards less human interaction, and as such is hampering the growth of the global touch screen display market.
- In 2021, the captive touch screen segment dominated the market with the largest share.
Based on screen type, the global touch screen market is segmented into the capacitive touch screen, Resistive touch screen, surface acoustic wave touch screen, infrared touch screen, and others. Among these, the captive touch screen segment dominated the market with the largest share due to its increased durability by extra coating with a material that stores electrical charges. In addition, manufactured products of the captive touch screen are majorly employed in newer smartphones and tablets such as the iPhone, XOOM, and Samsung. As such the captive touch screen segment is expected to rise in terms of share of the global touch screen display market in the forecasted period.
- In 2021, the LED segmentis witnessing significant CAGR growth over the forecast period.
On the basis of technology, the global touch screen display market is segmented into LCD, LED, OLED, and Others. Among these, the LED segment is witnessing significant CAGR growth over the forecast period. Due to widely used in mobile phones and tablets, bank cash machines, station ticket machines, and game consoles as it is flexible, energy-efficient, and has high-end-specification display products. LED segment is expected to witness a steady rise in CAGR of the global touch screen display market in the predicted time frame.
- In 2021, the personal use segment to generate the highest revenue over the predicted timeframe.
Based on application, the global touch screen market is segmented into smartphones, tablets, smart televisions, smart wearables, consumer electronics, display/digital signage, kiosks, professional application, and others. Among these, the personal use segment is expected to generate the highest revenue over the predicted timeframe. The personal use segment includes smartphones, tablets, smart televisions, smart wearables, and consumer electronics. Alternately, the professional segment includes the use of touch screen displays applications in healthcare, retail, education, and government sectors. As smartphones and tablets are most widely used around the world, it is estimated that there are 5.48 billion unique mobile phone users in the world today, according to the latest data from GSMA Intelligence. These key factors are expected to provide lucrative growth for the market player in touch screen display market.
- In 2021, the residential end-user segment to grow the fastestover the forecast period.
On the basis of end-user, the global touch screen display market is segmented into Commercial, Residential, Transportation, Education, Retail, Entertainment, Healthcare, Industrial, and Others. Among these, the residential end-user segment is to anticipate grow the fastest over the forecast period. This rise is attributed to increasing adoption in personal usage of touch screen displays in smartphones, smart wearables, and other consumer electronic products. In addition, changing lifestyles, urbanization, and rising investment expenditure for ideal product half-life and performance, these factors are expected to have a favorable influence on the global touch screen market over the forecast period.
Regional Segment Analysis of the Touch Screen Display Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia Pacific region is expected to dominate with the largest market share by 2030
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Asia Pacific is expected to dominate with the largest market share due to the rising adoption of its retail industry and diverting the attention from product-focused to client-focused owing to high competition and changing customer demand in huge potential nations such as China, Japan, India, and South Korea. Furthermore, the increasing economy in the Asia Pacific is attracting more investment from touch screen display vendors to set up start-ups.
The report offers the appropriate analysis of the key organizations/companies involved within the global touch screen display market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Market Players
- Cisco Systems Inc.
- BenQ Corporation
- Google Inc.
- Crystal Display Systems Ltd.
- Corning Incorporated
- Microsoft Corporation
- AU Optronics
- Planar Systems Inc.
- SMART Technologies
- IntuiLab SA
- NEC Corporation
- Innolux Corporation
- Leyard Optoelectronics
- BOE Technology
- Egan Teamboard Inc.,
- Panasonic Holdings Corporation
- NEC Display Solutions Ltd.
- Epson America Inc.
- LG Display Co. Ltd.
- ViewSonic Corporation
- Samsung Display Co. Ltd.
- Qisda Corp.
- Mouser Electronics, Inc.
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In February 2022, NEC Corporation and Sharp Corporation came forward for a joint venture by combining NEC Display Solutions, Ltd. (NDS), a subsidiary of NEC, with Sharp in March’2020. It was to increase the production and development of visual solutions. The joint venture will allow both companies to build upon their strengths.
- In March 2021, LG Electronics Launched a new transparent OLED display with touch screen technology 2020 for digital signage. The product uses projected capacitive film technology on its touchscreen and offers enhanced transparency.
This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the global touch screen displaymarket based on the below-mentioned segments:
Touch Screen Display Market, By Screen Type
- Capacitive Touch Screens
- Resistive Touch Screens
- Surface Acoustic Wave Type Displays
- Infrared Touch Screens
Touch Screen Display Market, By Technology
Touch Screen Display Market, By Application
- Smart Televisions
- Smart Wearables
- Consumer Electronics
- Display/Digital Signage
- Professional Applications
Touch Screen Display Market, By End User
Touch Screen Display Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
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