The Global Market for Touch Screen Modules is Forecast to Exceed US$40 Billion by 2024
The Continued Rise of the Touch-Screen Interface and
Growing Interest in Multi-Touch Screens to Drive Demand for Touch Screen
Modules, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size, and
demand forecasts on the global Touch Screen Modules market. The global market for Touch Screen Modules is forecast
to exceed US$40 billion by 2024,
driven by the ubiquitous applications of the touch screen interface in varied applications,
surging popularity of multi-touch screens, and the steady proliferation of
touch based mobile devices.
The advent of touch screen
interface technology has revolutionized the way people interact with various
types of electronics devices/systems. The touch screen interface, backed by a standard
touch screen module integrated with three key components, including touchscreen
panel, controller and software driver, are today ubiquitous in consumer
electronic devices largely because of its robust UI features when compared to
membrane or mechanical dials, and switches or button controls, which are often
prone to degradation, breakdown or malfunction. Numerous benefits of touch
screens that are driving steady growth in demand for touch screen modules include
intuitive and easy to use,
improved ergonomics, fast and rapid access to digital media by
eliminating text-bound interface and the ability to design smaller devices in
line with the current miniaturization trend. Additionally touch screens are
durable, easy to maintain and clean, as they are dirt, dust and grease
resistant. Massive improvements in computing power, developments in graphics
technology, launch of new wireless technologies, and proliferation of data rich
information also facilitated increased adoption of touch sensing technology
over the years.
Future growth in the market will be driven by the ubiquity of the touch screen interface in varied
current and future applications in diverse industries including but not limited
to mobile devices, automotive, aviation, military, industrial automation, digital signage,
education, retail, gaming, maritime, and healthcare industries, among others.
Touch screen interfaces have come to be widely used in a wide range of high
technology devices in these industries including tablets, smartphones, portable
media players, digital cameras, computers, automobile central menu consoles and
GPS navigators, TFT flat panel televisions, microwaves, televisions,
refrigerators, Automated Teller Machines (ATMs), and information display kiosks. Another important
growth driver is the growing popularity of multi-touch screen technology that
support multiple touches at a time and enables intuitive gestures to accept
touch commands 3 times faster when compared to traditional touch screens. Steady
proliferation of touch screen based smartphones, high rate of touch screen
adoption in Notebook PCs, growing need to replace analog systems and eliminate
the clutter on the dashboard in automobiles with touch screen panels; rising
significance of human-machine interface in the industrial sector; mandatory
touch screen requirements for Ultrabooks, and futuristic touch screen
applications such as smart homes, mirrors, interactive table tops, and
IoT-enabled devices are all poised to
benefit demand for touch screen modules in the long term.
As stated by the new
market research report on Touch Screen Modules, Asia-Pacific represents the largest and the fastest growing market
with a CAGR of 7.3% over the analysis period. Strong demand for smartphones
that can deliver seamless Infotainment and communication functions particularly
in emerging markets such as China and India; launch of affordable touch-enabled
smartphones by Chinese and Indian vendors; rapid growth in urban households;
burgeoning middle class population; increasing disposable incomes; rising
living standards, and changing lifestyle trends favor wider adoption of touch
screen based electronics in the region.
Major players in the market
include 3M, Alps Electric Co. Ltd., Cirque Corporation, Atmel Corporation,
Cypress Semiconductor Corp., ELK Corporation, Elo Touch Solutions Inc., Fujitsu
Component Limited, HannsTouch Solution Incorporated, Iljin Display Co. Ltd.,
Innolux Corporation, LG Display Co. Ltd., Neonode, Sharp Corporation, Shenzhen
O-Film Tech Co. Ltd. (China), Synaptics Incorporated, Touch International Inc.
and Wintek Corporation, among others.
The
research report titled “Touch Screen Modules: A Global
Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive
review of market trends, growth drivers, technology innovations and strategic
industry activities of major companies worldwide. The report provides market
estimates and projections in value terms for all major geographic markets
including the United States, Canada, Japan, Europe, Asia-Pacific (China, South
Korea, Taiwan, and Rest of Asia-Pacific), Latin America, and Rest of World.
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
Comments
Post a Comment