Global Screen Display Market: Snapshot
The global market for touch screen displays has gained a significant momentum over the past few years, thanks to the technological advancements and the subsequent shift of consumers towards the newest technology. The leading manufacturers of touch screen displays across the world are increasingly adopting the latest technologies in order to enhance the customers’ experience.
Over the forthcoming years, the popularity of touch screen displays is likely to witness an upswing, thanks to the cost benefits and the ease of operation they offer. Owing to this, the worldwide touch screen display market is expected to be propelled substantially in the near future. However, the increasing prices of raw materials utilized for the production of touch screen displays are projected to hamper the market’s growth in the years to come.
The opportunity in the global market for touch screen displays, which was worth US$ 57.1 Bn in 2018, is projected to expand at a CAGR of 8.90% between 2019 and 2027 and attain a value of US$ 121.1 Bn by the end of 2027. In terms of shipment volume, the market is likely to progress at a CAGR of 10.70% during the same time period.
Continued Demand from Retail Kiosks
Gas pumps, retail kiosks, public transport kiosks, automated teller machines (ATMs), car wash centers, sports arenas, trade shows and exhibitions, parking terminals, and medical equipment are the main application areas of touch screen displays. Among these, the retail kiosks segment reports a higher demand for these displays than other application segments due to a large number of retail outlets all over the world.
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As the number of retail outlets continues to increase, the demand for kiosks is also increasing significantly. Retailers are increasingly adopting advanced technologies in a bid to enhance customers’ engagement. As a result, retail kiosks are likely to remain the dominant application segment of touch screen displays over the next few years. The ATMs segment is also projected to register a strong presence in the years to come, thanks to the rising deployment of ATMs in emerging economies in Africa, South America, and Asia Pacific.
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North America to Remain Market Leader
Geographically, the worldwide market for touch screen displays is spread across North America, South America, Europe, the Middle East and Africa, and Asia Pacific. With a share of 35.0%, North America led the global market in 2015 on the backdrop of technological developments and the high price of electronic equipment. As the region enjoys the presence of a large pool of established players, Researchers anticipate it to remain leading over the forthcoming years.
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The new Touch Screen Monitor and Display Market report offers a comprehensive study of the current scenario of the market including major market dynamics.
Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country.
Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the touch screen monitor and display market include 3M, Corning Incorporated, Displax, Mouser Electronics, Inc., FUJITSU, Cypress Semiconductor Corporation., Microsoft, SAMSUNG, Synaptics Incorporated, LG Electronics., WINTEK Corporation.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Touch Screen Monitor and Display Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/touch-screen-monitor-and-display-market/download-sampleMarket DynamicsSeveral factors like consumers' increasing willingness to pay, rising investment in the development of advanced and technical products and solutions, the prevalence of improved touch screen display materials, and the introduction of infrared touch screens will likely boost the growth of the touch screen display market in the upcoming years.
Moreover, the rising number of e-book readers and the widespread use of waveguide technology would increase the chances for the touch screen display market to develop in the future.
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