The global touch screen technology market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to growing use of smartphones globally.
A touch screen is an electronic visual display that a user can operate with one or multiple fingers by touching the screen. In comparison to a mouse, a touchscreen enables for considerably more immediate interaction with what is presented. Touchscreens are very common on smart phones, tablet computers, and other mobile devices. These screens are increasingly being used on desktop computers and regular laptop, allowing users to use both touches along with more traditional methods of input.
The COVID-19 outbreak has brought negative impact on the market. Due to the lockdown imposed by governments globally, manufacturers of touchscreen display faced supply chain disruptions, which is likely to hamper the touch screen technology market growth. The market is expected to recover soon as several industries resumed their operation owing to subsiding the COVID cases gradually worldwide.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing smartphone and tablet production worldwide is one of the key factors driving the market growth.
- Rapid adoption of technologically advanced, attractive, and energy-efficient display is expected to boost the market growth in the coming years.
- Rising demand of portable electronics and other smart wearable devices is anticipated to fuel the market expansion during the forecast period.
- Increasing cost of production and heavy competition presents a major challenge. This is anticipated to hamper the market growth in the projected period.
- Introduction of touch screen technology in gaming industry is projected to create significant growth opportunities for the market in the near future.
Scope of the Report
The report on the global touch screen technology market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Touch Screen Technology Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Technology (Infrared, Resistive, Capacitive, and Surface Acoustic Wave) and Applications (Tablets, Smartphones, and Consumer Electronics)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Microsoft Corp.; Samsung Electronics; Atmel Corp.; 3M Co.; Wintek Corp.; Synaptics; Corning Inc.; Displax Interactive Systems; Fujitsu Ltd.; LG Display; and Cypress Semiconductor Corp.
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Market Segment Insights
Capacitive segment to grow at a rapid pace
Based on technology, the global touch screen technology market is divided into infrared, resistive, capacitive, and surface acoustic wave. The capacitive segment is expected to grow at a rapid pace during the forecast period owing to the benefits it offers, such as less touch pressure, multi-touch functionality, and extreme durability. However, the resistive segment is anticipated to hold a key share of the market in the coming years due to the minimal production cost and flexibility in terms of touch capabilities.
Rising demand to drive smartphones segment
On the basis of applications, the market is segregated into tablets, smartphones, and consumer electronics. The smartphones segment is projected to expand at a considerable CAGR during the forecast period attributed to rising demand of smartphones globally. On the other hand, the consumer electronics segment is anticipated to account for a major market share during the forecast period due to introductions of smart devices enabled with touch screen technology.
North America to constitute a key market share
In terms of regions, the global touch screen technology market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to wide use of technology along with growing demand for portable, wearable equipment and superior picture quality across the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period attributed to the increasing usage of smartphone devices in the region.
Segments
Segments Covered in the Report
The global touch screen technology market has been segmented on the basis of
Technology
- Infrared
- Resistive
- Capacitive
- Surface Acoustic Wave
Applications
- Tablets
- Smartphones
- Consumer Electronics
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Microsoft Corp.
- Samsung Electronics
- Atmel Corp.
- 3M Co.
- Wintek Corp.
- Synaptics
- Corning Inc.
- Displax Interactive Systems
- Fujitsu Ltd.
- LG Display
- Cypress Semiconductor Corp.
Competitive Landscape
Key players competing in the global touch screen technology market are Microsoft Corp.; Samsung Electronics; Atmel Corp.; 3M Co.; Wintek Corp.; Synaptics; Corning Inc.; Displax Interactive Systems; Fujitsu Ltd.; LG Display; and Cypress Semiconductor Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.
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