Touch Screen Panels | Explorer Growth Trends and Analysis

Posted by Govind TMR on September 7th, 2022

Deepening penetration of smartphones and tablet PCs has majorly boosted the demand for touch screen panels. This has led to the rise of many new manufacturers of touch screens, which has driven up the competition in the market, which in turn has literally precipitated a price war.

The different touch-sensing technologies are projected capacitive, in-cell, resistive, and on-cell. Besides finding application in smartphones and tablet PCs, touch screens also are used in portable media players (PMPs), portable gaming devices, notebooks, personal navigation devices (PNDs), personal digital assistant (PDA), camcorders, e-book readers, digital signage, automotive, medical devices, wearable devices, and other consumer medical devices.

A challenge facing the touch screen panels market is problems associated with technical compatibilities of the touch screen panels when it comes to refresh rate, response time, and the consumption of power. To be able to refresh fast in a large screen, the touch screen panel has to cover a substantial surface area and collect data from all the intersections before processing it. The power consumption of a touch screen panel is another factor restricting faster fresh rates.

From a geographical perspective, Asia Pacific is the most attractive touch screen panels market that is poised to grow at a healthy clip in the near future. This is because of the nations of China and India accounting for a substantial sale of smartphones and also because of the numerous electronics manufacturing plants in Taiwan, China, and South Korea. Europe, North America, and Latin America are other key markets witnessing a steady uptick in demand.

According to a February 2016 report by Cisco, since the first camera mobile phone was introduced in 2000, the number of mobile users has escalated exponentially, and the figure is estimated to reach 5.5 billion by 2020, accounting for 70% of the global population. The demand from this vast population is the primary driver in the global touch screen panels market. The increasing application of touchscreens in wearable devices and automobiles is another factor positively favoring the market. In addition to it, another considerable opportunity in the future for the touch screen panels is the growing trends of touch screens in the educational and banking sectors as well as the Internet of Things (IoT).

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