The touch screen is a significant source of an input and output device usually covered on the top of an electronic gadget of an information processing structure. Technological advancements, the subsequent shift of consumers towards the newest technology, increasingly adopting the touchscreen technology in order to enhance the user experience is driving the growth of the touch screen display market. Moreover, features such as high picture quality, lower power consumption, ease of accessibility, the innovation of sleek models, and growth in disposable incomes are the key aspects influencing the touch screen display market growth.
MARKET SCOPE
The "Global Touch Screen Display Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the touch screen display market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading touch screen display market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global touch screen display market is segmented into infrared touchscreen, resistive touchscreen, capacitive touchscreen, SAW (Surface Acoustic Wave), and others.
- On the basis of application, the market is segmented into consumer electronics, medical, retail, industrial, and others.
MARKET DYNAMICS
Drivers:
- Increasing the use of electronic devices such as smartphones, tablets, laptops, smartwatch, and other wearable devices is the significant factor driving the growth of the touch screen display market.
- The increasing trend of using multiple touch displays and scratch less display provide a lucrative opportunity for the market player of the touch screen display market.
- Rising demand for the touch screen display for kiosk, ATMs, vehicle display, healthcare devices, and others are expected to boom the growth of the touch screen display market.
Restraints:
- The increasing prices of raw materials utilized for the production of touch screen displays are the key hindering factor for the growth of the touch screen display market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The touch screen display market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the touch screen display market in these regions.
IMPACT OF COVID-19 ON TOUCH SCREEN DISPLAY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the touch screen display market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from touch screen display market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the touch screen display market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M
- Fujitsu Ltd.
- Hitachi Digital Media Group
- LG Electronics
- Panasonic Corporation
- Planar
- SAMSUNG
- Sony Corporation
- ViewSonic Corporation
- Xenarc Technologies Corp.