Global Touch Screen Display Market

Touch Screen Display Market Size, Share, Growth Analysis, By Screen Type(Capacitive Touch, Screens Resistive, Touch Screens, Surface Acoustic Wave Type Displays), By Application(Personal Use, Professional Use), By Region - Industry Forecast 2024-2031


Report ID: SQSG45L2001 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

Touch Screen Display Market Insights

Global Touch Screen Display Market size was valued at USD 65.6 billion in 2019 and is poised to grow from USD 70.84 billion in 2023 to USD 163.1 billion by 2031, growing at a CAGR of 8% in the forecast period (2024-2031).

A touch screen display helps the user to interact with the device using a finger or a stylus wherein the touch acts as the mode of input and the display provides the output for the commands given, these are of different types. The increase in the usage of touchscreen-based technology among the population is going to be the major factor that will influence the growth of the global touch screen display market. Growing technological developments and rising demand for more accessible user interface are anticipated to boost the touch screen display market during the forecast period. Additionally, features including superior picture quality, low power consumption, accessibility, the development of sleek models, and an increase in discretionary incomes are crucial factors propelling the growth of the touch screen display market.

The global touch screen display market faced a pitfall during the Covid-19 pandemic. This was due to the implementation of lockdown that resulted in the closing down of a large number of manufacturing units, resulting in a decline in production. The demand was not met hence the global touch screen display market faced a bit of stress during this period. Governments and key players in the market came up with safety regulations that helped in resuming the manufacturing units. Also, key players identified the right audience that needed to be targeted, which helped surge the sales of touch screen devices and is expected to boost market growth in the years to come.

US Touch Screen Display Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Touch Screen Display Market size was valued at USD 65.6 billion in 2019 and is poised to grow from USD 70.84 billion in 2023 to USD 163.1 billion by 2031, growing at a CAGR of 8% in the forecast period (2024-2031).

The touch screen display market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. The creation of new products is a top priority for major players in order to provide more useful features and incorporate cutting-edge technology into touch displays. In order to get labour and raw materials more cheaply, several OEMs seek to expand their companies throughout developing economies by moving their production facilities to Asian and African nations. 'Apple Inc.', 'Samsung Electronics Co. Ltd.', 'LG Electronics Inc.', 'Sony Corporation', 'Fujitsu Limited', 'Panasonic Corporation', 'Toshiba Corporation', 'Sharp Corporation', 'NEC Corporation', 'Mitsubishi Electric Corporation', '3M ', 'Atmel Corporation', 'Nissha Co., Ltd.', 'TPK Holding Co., Ltd.', 'Wintek Corporation', 'Innolux Corporation', 'HannStar Display Corporation', 'AU Optronics Corporation', 'ELO Touch Solutions Inc.', 'Planar Systems, Inc.'

With the development in technology and increase in globalization, the people’s dependency on mobile phones has increased, and this will continue to do so as most of the operations carried out in day-to-day life are done using mobile phones. With the introduction of digital payment methods, the usage of mobile phones is ever-increasing, and this will continue to rise during the forecast period, further resulting in the growth of the touch screen display market. Along with this, the rising population demanding mobile phones and other devices is also a factor that is boosting the growth of the market.

With the increase in demand for better and advanced services by the users, the key players are performing constant research and development activities and adding new features rapidly to touchscreen devices. They are focusing on integrating the existing touchscreen panels and developing more user-friendly devices, which will be accepted by the users in the near future. These may result in the growth of the market during the forecast period.

In 2021, the Asia-Pacific region held the largest share in the touch screen display market. Growing technological advancements and rising appeal of the these devices are boosting the demand for touch screen mobiles in the region. Furthermore, observing this trend in the Asia-Pacific region, a large number of players have emerged in this region, which is expected to increase the demand for touch screen devices in the region and bolster market growth during the forecast period.

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Global Touch Screen Display Market

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