Press release
Touch Screen Display Market Growth Projected at 8.90% CAGR, Reaching US$ 121.1 Billion by 2027
According to the latest research report, the global touch screen display market, valued at US$ 57.1 billion in 2018, is projected to grow at a compound annual growth rate (CAGR) of 8.90% from 2019 to 2027. By the end of 2027, the market is anticipated to reach US$ 121.1 billion, with shipment volumes progressing at a CAGR of 10.70% during the same period.The global market for touch screen displays has witnessed robust growth in recent years, driven by technological advancements and increasing consumer preference for interactive technologies. Leading manufacturers in this sector are leveraging cutting-edge technologies to enhance user experience, driving the market forward.
In the upcoming years, the demand for touch screen displays is expected to continue rising, fueled by their cost-effectiveness and user-friendly interface. However, challenges such as rising raw material costs may pose constraints to market growth.
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Key Application Insights:
Touch screen displays find extensive applications in various sectors including:
• Retail kiosks
• Automated teller machines (ATMs)
• Public transport kiosks
• Medical equipment
• and more.
Among these, retail kiosks are expected to maintain dominance, driven by the increasing adoption of advanced technologies by retailers to enhance customer engagement. The ATM segment is also poised for substantial growth, particularly in emerging economies across Africa, South America, and Asia Pacific.
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Regional Analysis:
Geographically, North America led the global market with a 35.0% share in 2015, attributed to technological advancements and high consumer electronics spending. The region is expected to maintain its leadership position, supported by a strong presence of established market players.
Other regions including South America, Europe, Asia Pacific, and the Middle East and Africa are anticipated to witness significant growth in touch screen display adoption, driven by increasing deployments in retail and banking sectors.
Competitive Landscape:
• Displax,
• Fujitsu Ltd.
• 3M Co.
• Samsung
• LG Electronics
• American Industrial Systems Inc. (AIS)
• Panasonic Corp.
Future Outlook:
The market dynamics are evolving with technological advancements in sensor technologies and increasing demand for high-resolution displays. The COVID-19 pandemic has further accelerated the adoption of digital technologies across various industries, presenting new opportunities for market growth.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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