According to a recent market study published by Growth Market Reports, titled, “Global Touch Panels Market by end-use, by technology and by region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 2,025.7 Million in 2022 and is anticipated to grow at a growth rate 5.5% by the year 2031.
A touch panel is a piece of hardware that allows users to interact with a computer by directly touching the screen. It is possible to issue commands to a computer by sensing the position of a finger or stylus, by incorporating features into the monitor such as sensors that detect touch actions. It essentially becomes a device that combines the functions of display and input. It also assists in device miniaturization and simplification by combining display and input into a single piece of equipment. Touch panel controls are software rather than hardware; therefore, their interfaces are easily changed. Touch panel technologies are a key theme in the present digital devices such as smartphones, slate devices such as the iPad, digital camera back screens, the Nintendo DS, and Windows 7 devices. The term touch panel refers to a variety of technologies that detect the touch of a finger or stylus. The important characteristics of a touch panel is displaying visibility, precision in position sensing, rapid response to input, durability, and low installation costs. These characteristics vary highly depending on the methods used to sense touch input. Growing popularity of smartphones and tablets directly drives the growth of the touch panel market. Touchscreens have become increasingly prevalent in laptops and desktop computers, providing users with an interactive and intuitive interface. Convertible laptops, 2-in-1 devices, and all-in-one PCs frequently include touch panels, which contributes to the market growth.
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The expansion of the e-reader industry and the growing popularity of digital note-taking devices both contribute to the growth of the market. Touch panels are frequently used to enhance the gaming experience on gaming consoles, portable gaming devices, and interactive displays in gaming systems. Additionally, Interactive displays with touch panel technology provide an engaging and collaborative user experience. Touch panels add accessibility features to interactive displays, making them more inclusive. Touch interfaces allow users of varying abilities to interact with content, resulting in a increasingly inclusive and user-friendly experience.
Interactive displays are used in entertainment venues, museums, and hospitality settings to provide visitors with interactive experiences. Touch panels improve the user experience in interactive exhibits, gaming consoles, and public information kiosks. On the other side, the form factors of various devices, ranging from smartphones and tablets to industrial equipment and automotive dashboards, vary. Integrating touch panels into devices with unusual shapes or designs is difficult, necessitating customized solutions for each application while also ensuring long-term reliability and ease of maintenance of touch panels. Sensors, cameras, controls, and speakers are common components that are required to be integrated into devices. Coordination of touch panel integration with these components is difficult and necessitate careful design & technical considerations.
Touch panels are embedded in a variety of medical devices to provide interactive interfaces for healthcare providers. Touch panels are useful in devices such as patient monitors, infusion pumps, and diagnostic equipment, as they allow for easy navigation and control. Touch panels are used in electronic health record systems to allow healthcare providers to seamlessly access and update patient information. The intuitive touch interfaces help to speed up data entry and retrieval. Touch panels are embedded in telemedicine solutions, allowing healthcare professionals to interact with patients from a distance. Touch-enabled interfaces make virtual consultations, remote monitoring, and interactive discussions convenient.
Key Takeaways from the Study:
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Key players operating in the market are Nissha Co., Ltd., Panasonic Holdings Corporation, Gunze Limited, Fujitsu, Shenzhen Microtech Technology Co. Ltd., WAGO, Aten International Co., Ltd., Apex Material Technology Corporation., TPK Holding Co. Ltd., and Elcom Design Inc. These companies are considered as key manufacturers of touch panels based on their revenue, research development (R&D) activities, Gauge Type offerings, regional presence, and supply chain management system.
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Based on End Use, the Global Touch Panels Market is segmented into Consumer Electronics, Healthcare, Automotive, Aerospace & Defense, Retail, Education, Industrial. The Consumer Electronics segment accounted for a value of USD XX million in 2022, the segment is expected to register a CAGR of XX% during the forecast period. The widespread use of smartphones and tablets has been a major driver of growth in the touch panel market. Touch panels are essential components of these devices' user interfaces, allowing users to interact with touch-sensitive screens. Touch panels are becoming increasingly popular as the demand for smartphones and tablets grows. The automotive segment accounted for XX% share of the market in 2022, it is expected to reach a market value of USD XX Million by 2031 and it is projected to register a CAGR of XX% during the forecast period. Automotive manufacturers utilize touch panels to differentiate their vehicle models while developing unique user experiences. In a competitive market, the ability to customize the touch interface, offer novel capabilities, and provide a visually appealing and responsive user interface all contribute to brand differentiation.
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Based on Technology, the Global Touch Panels Market is segmented into Capacitive, Resistive, Infrared, Surface Acoustic Wave, and Optical. The Capacitive segment accounted for XX% share of the market in 2022, it is expected to reach a market value of USD XX Million by 2031 and it is projected to register a CAGR of XX% during the forecast period. Capacitive touch panels are well-known for their high sensitivity, which allows them to respond to even the smallest touch. This level of precision improves the user experience and is essential in applications requiring precise input, such as smartphones, tablets, and other interactive devices. The Infrared segment accounted for a value of USD XX million in 2022, the segment is expected to register a CAGR of XX% during the forecast period. Infrared touch technology supports multi-touch, allowing users to interact with the screen using multiple fingers at the same time. This feature improves the user experience and qualifies IR touch panels for applications requiring gesture and multi-touch functionality, such as gaming and collaborative workplaces.
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On the basis of region, the global touch panel market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & and Africa (MEA). In North America, the market is projected to expand at a CAGR of XX% between 2022 and 2031, due to technological advancements and high adoption rates in the region. The presence of major players, coupled with a strong demand for consumer electronics, are driving the market growth. In Europe, the market in Europe is anticipated to expand at a CAGR of XX% between 2023 and 2031. The market in Germany is projected to register significant growth, due to its strong industrial base, including the automotive, machinery, and manufacturing industries. The expansion of these industries drives the demand for touch panels.
Report Scope:
Report Metric |
Details |
Market Value in 2022 |
US$ 2,025.7 Million |
Market Growth Rate (from 2016 to 2031) |
5.5% |
Historical Data |
2016 to 2021 |
Base Year |
2022 |
Forecast Period |
2023 - 2031 |
Units Considered |
Value (US$ Million) |
Market Segments |
By End Use, By Technology, and By Region |
Key Companies Profiled |
Nissha Co., Ltd., Panasonic Holdings Corporation, Gunze Limited, Fujitsu, Shenzhen Microtech Technology Co. Ltd., WAGO, Aten International Co., Ltd., Apex Material Technology Corporation, TPK Holding Co. Ltd., and Elcom Design Inc. |
Customization Scope |
Report customization available on request |
Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements. |
Target Audience:
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Supply-side: Glass Substrates, Film Substrates, Conductive Layers, Controller Chips, Others.
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Demand Side: Consumer Electronics, Healthcare, Automotive, Aerospace & Defense, Retail, Education, and Industrial.