(MENAFN- GlobeNewsWire - Nasdaq) New York, United States , March 13, 2023 (GLOBE NEWSWIRE) -- The Global Touch Screen Display Market Size is to grow from USD 65.60 Billion in 2021 to USD 163.10 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 8% during the forecast period. The increasing adoption of touch screen by different industries commercial, residential, transportation, education, retail, entertainment, hospitality, corporate, healthcare, industrial, and others is the key driving factor. 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, followed by ASIA.
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Touch screen display is everywhere in our day-to-day life on mobile phones, tablets, laptops, computers, cash registers, ATMs, and information kiosks. Contrary, to employing traditional key combination input, touch screen display uses a grid of infrared beams to detect the presence of a finger. In addition, maintaining social distance in public by using such technology should lessen the risks of viruses, which cause COVID-19, from spreading. Moreover, touch screen display has been popular in consumer electronics and commercial/industrial applications. Owing to its adaptability, versatility, and cost-effectiveness for bigger touch screen, the global touch screen display market is gaining dominating market in consumer electronics. Increasingly, regular laptop and desktop computers use touchscreen displays so users can use both touch as well as more traditional ways of input. Traditional input devices for computer systems include keyboards and mice. In recent years, touchscreen technology has become widely used as a way to interact with computer systems, particular for mobile devices.
Browse key industry insights spread across 190 pages with 130 market data tables and figures & charts from the report on the ' global touch screen display market size , Share, and COVID-19 Impact Analysis, By Screen Type (Capacitive Touch Screens, Resistive Touch Screens, Surface Acoustic Wave Type Displays, Infrared Touch Screens, Other), By Technology (LCD, LED, OLED, Others), By Application(Smartphones, Tablets, Smart Televisions, Smart Wearables, Consumer Electronics, Display/Digital Signage, Kiosks, Professional Application, Others), By End-User (Commercial, Residential, Transportation, Education, Retail, Entertainment, Hospitality, Corporate, Healthcare, Industrial, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.' Get Detailed Report Description Here:
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The infrared touch screen segment dominated the market with the largest share.
On the basis of 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 infrared touch screen segment is expected to dominate the market with the largest share. Due to its major use in the plant control system, medical equipment, kiosks, industrial automation, POS, ATMs, various enormous utilization and ticketing machines employ infrared touch screen displays.
The LED segment is 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. Owing to being 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, the global touch screen market is anticipated to rise in the predicted period.
The personal use segment is expected 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. Rapid urbanization, availability, usability, increased consumer spending and increasing user-oriented are the key factors driving the personal use segment of touch screen display market growth.
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The residential end-user segment is expected to grow the fastest over 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.The recent development of scratch-resistant and multi-touch screen displays is expected to drive this segment in the global touch screen display market.
Asia Pacific region is expected to dominate with the largest market share by 2030.
Asia Pacific is predicted to dominate with the biggest market share.Owing to increased retail industry adoption and a shift in focus from product to client-focused due to intense competition and shifting consumer demands in highly-potential countries like China, Japan, India, and South Korea. Additionally, the booming economy in the Asia-Pacific region is drawing more funding for start-ups from suppliers of the touch screen displays market. Asia-Pacific is the second largest market in trems of demand in the coming years and is expected to witness significant growth during the forecast period of 2022 to 2030 because of the high smartphone adoption rate and availability of raw materials in the region. The Europe market is expected to grow in the near future as a result of the high demand for touch screen displays for educational purposes.
The North American touch screen display market is predicted to grow fastest during the projected time frame owing to the rising popularity of smartphones, the abundance of raw materials and acceptance of advance technologies. The North American touch screen display market was the highest revenue contributors in the 2019 to 2021 that's why the market holds highest revenue share form globe. Furthermore, the adoption of infrared touchscreen display & gesture sensing might also deliver revenues for market growth. This region has the largest market share and is expected to maintain its lead position over the forecast period.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global 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. The market is fragmented with a significant number of key players compared to other markets in optoelectronics solutions. 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. Major vendors in the Global Touch Screen Display Market include 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 Team board 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., and among others.
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