Touch Screen Display Market Size in North America Region is Anticipated to Show A Steady Growth over 2025
Key Players are
• 3M Company
• Fujitsu Ltd.
• Atmel Corporation
• Freescale Gigabyte
• Wintek Corporation
• LG Display
• Cypress Semiconductor Corporation
Touch Screen Display Market size has witnessed a considerable growth owing to the growing use of electronic devices such as smartphones, laptops, and tablets coupled with technological advancements. The introduction of ultra-slim displays is a major factor propelling the growth of innovative technologies, such as wearable technologies and rollable displays, which are in demand and are positively impacting the touch screen display market growth.
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Features such as lower power consumption, high picture quality, innovation of sleek models, ease of accessibility, and growth in the disposable incomes are the key aspects which are boosting the market growth. Increasing usage of scratch less and multiple touch displays with the advancements in hardware industry is boosting the touch screen display market. In addition, the manufacturers are coming up with more value-added features, which are incorporated in the displays and are enhancing the industry demand.
With the advancements in multi-touch screen displays, the touch screen display market is witnessing a growing demand from the retail industry. The multi-touch technology is an added advantage to these devices. The application of multi-touch technology in these displays is expected to improve customer experience by allowing the end user to operate the product with multiple touch points on the screen. In addition, the penetration of devices in the retail sector is expected to contribute to the rising demand as retailers are using these displays to offer end users a personalized experience.
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The growing customization trend help customers with variety of options to choose from to meet their exact requirement. Moreover, introduction of infrared touch screens coupled with gesture sensing features is helping the touch screen display market share to grow substantially. Several companies are implementing capacitive, infrared, and resistive displays in touch screens. Capacitive displays offer enhanced clarity and respond to finger contact.
The industry is segmented based on applications and screen types. The touch screen display market is segmented into BFSI, healthcare, consumer electronics, telecommunication, educational automotive, and government sectors based on the applications. The solutions are majorly being deployed in Automated Teller Machines (ATMs), sports arenas, retail outlets, gas pumps, trade shows and exhibitions, medical equipment, parking terminals, and car wash centers.
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In the healthcare industry, touch displays are being integrated into medical devices as they offer high viewing precision and are lightweight with minimum tooling required, helping in providing enhanced care for the patients under examination. In addition, the consumer electronics industry is witnessing an incorporation of touch displays in vehicles, laptops, and personal computers, which are expected to contribute toward the growth of the touch screen display market.
The key players operating in the touch screen display market include 3M Company, Samsung, Fujitsu Ltd., Atmel Corporation, Freescale Gigabyte, Wintek Corporation, LG Display, Cypress Semiconductor Corporation, Panasonic Corporation, Synaptics Incorporated, and American Industrial Systems. With the rapidly growing use of smart devices over the years, numerous companies are investing in R&D to retain their place in the industry.
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