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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28-65 inches commercial touch displays to witness the highest CAGR in commercial touch display market during the forecast period
The market for 28–65” displays is expected to grow at the highest CAGR from 2020 to 2025 owing to the high demand from several educational institutes and government and corporate offices. These sectors use 28–65” touch displays to deliver presentations in boardrooms and trade shows and facilitate the understanding of the target audience and help them in making sound business decisions. These large-sized displays are very expensive. Hence, they are primarily used in industrial applications and in some niche applications. However, improved product performance and reduced cost are expected to open up new application areas for these displays in the corporate, educational, hospitality, and retail sectors during the forecast period.
Infrared touch technology to witness a higher CAGR during the forecast period.
Infrared (IR) technology – based touch screens are expected to witness the highest growth rates during forecast period owing to their highest image clarity, as well as light transmission capability, exceptional level of strength and durability. These displays can also be used with a bare finger, gloved finger, and stylus. Infrared touch screen devices are protected against scratches, finger prints, and other forms of minor damage. This makes it particularly beneficial when used to produce large touchscreen displays, along with medium-sized displays of size ranging from 32–65 inches.
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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