The report "Commercial Touch Display Market by Product (Monitors, Signage Displays, POS Terminals, Open Frame Touchscreen Displays, and Medical Displays), Touch Technology, Resolution, Application, Size, Aspect Ratio, Industry, and Geography - Global Forecast to 2025", size was valued at USD 4.3 billion in 2020 and is projected to reach USD 7.6 billion by 2025. It is expected to grow at a CAGR of 12.1% during the forecast period. High adoption of touchscreen displays in retail, hospitality, healthcare, and transportation verticals, dynamic nature of touchscreen displays leads to enhanced customer experience, and rapid adoption of technologically advanced, energy-efficient, attractive, and high-end-specification display products are the key driving factors for the commercial touch display market.
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Driver:Rapid adoption of technologically advanced, energy-efficient, attractive, and high-end specification display products
The touch screen display market has witnessed tremendous technological advancements in the past few years. Display devices have changed from being bulky, space-consuming equipment to slim, bezel-less gadgets. They now offer much higher resolutions, better contrast ratios, and consume lower power than that of traditional display devices. The competitive market has seen manufacturers launch products with attractive aesthetics and high-end specifications. Moreover, with the rising demand for touchscreen display products, there has been a huge reduction in the final price of various displays and technologies. Touchscreen display products such as kiosks, monitors, and signage solutions are in demand due to the declining prices of displays and touchscreen panels. Increased panel size and resolution have improved the overall performance of these displays and offer enhanced view. Thesea dvancements are expected to increase the demand for touch screen displays.
North America to account for the largest share of the commercial touch display market by 2025
The North American commercial touch display market has witnessed significant advancements in the past few years. The commercial touch market in North America is driven by various Factors, such as the increased need for quick, high-accuracy services, better standard of living compared to other regions, and high efficiency in retail services. The retail sector in the region is moving toward a more solution-oriented approach. This has motivated manufacturers to come up with highly automated products. The favorable economic conditions prevailing in North America and the high demand for touch displays among customers have encouraged various end-user industries, involved in main stream automated operations, to carry out easy and quick point-of-sale (POS) services. The US accounts for the largest demand for commercial touch display-based products including monitors, signage displays, open frame touchscreen displays, and medical displays used in industries such as corporate, retail, BFSI, sports & entertainment, and education for advertisement, way-finding, and displaying information.
A few of the key players in the commercial touch display market are Samsung Electronics (South Korea), Leyard Optoelectronics (Planar) (China), LG Electronics (South Korea), Innolux Corporation (Taiwan), BOE Technology (China), Sharp (Foxconn) (Japan), NEC Corporation (Japan), Qisda Corp. (Taiwan), AU Optronics (Taiwan), and Panasonic (Japan).
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