The research offers in-depth insights into key drivers and restraints, prominent trends, lucrative avenues in various regions, major technological advancements, and competitive landscape. The rising prominence of Windows 8 operating systems and recent advances in sensor technologies are expected to accentuate the market. The proliferation of portable gaming devices and personal navigation devices (PNDs), and the rising popularity of portable media players (PMPs), are the key trends catalyzing the demand for touch screen panels for getting an immersive user experience. The soaring popularity of wearable devices in developing and developed regions, along with the rising adoption of touchscreen technologies in the healthcare sector, is a key factor anticipated to accentuate the market.
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The rising adoption of touchscreen panels in automotive parts and a burgeoning automotive sector in various emerging economies are crucial trends boosting the market. The growing demand for capacitive touch panels and resistive film sensing method in smartphones is gaining traction among next-gen populations. These have improved the method of input without affecting the quality of display, hence the popularity. The advent of intuitive graphical interface to improve navigation is a welcome development that bodes well for the market.
The technical limitations associated with the touch screens used for large panels, in terms of low refresh rate, less response time, and power-intensive applications is a key factor likely to hamper the demand over the forecast period. However, the growing popularity of cloud-based connectivity technologies and constant advances in improving the power consumption efficiency are the key factors boosting the market. In addition, the growing popularity of Internet of Things (IoT) is anticipated to open up abundant exciting opportunities for market players.
Geographically, Asia Pacific is projected to emerge as the most lucrative market for touch screen panels in the coming years. The growth in the market is driven by the high penetration of smartphones and tablets using touch screen panels. In addition, substantial advances made in miniaturization of electronics and developments in sensor technologies, especially that aim to increase finger-touch sensitivity, are key factors expected to boost the regional market. This is partly attributed to a burgeoning electronics manufacturing sector in several countries such as China, South Korea, and Taiwan. Meanwhile, North America and Europe are also predicted to witness substantial demand for touchscreen panels.
Prominent players operating in the market include intuitive graphical interface – for easy navigation, Shantou Goworld Display Co., Ltd., HannsTouch Solution Incorporated, Top-Touch Electronics Co., Ltd., SPK Electronics Co., Ltd., Cermate Technologies, Inc., JTOUCH Corporation, DMC Co., Ltd., Chunghwa Picture Tubes Ltd., Cando Corp., and AU Optronics Corp.
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