Touch Panel Market Size in Asia Pacific is expected to Garner $13.48 billion by 2020

Asia-Pacific Touch Panel Market report, published by Allied Market Research, forecasts that the Asia-Pacific market is expected to garner $13.48 billion by 2020, registering a CAGR of 12.8% during the forecast period.

Rising demand for interactive display applications, which includes smartphones, tablet PCs, LCD touch monitors, industrial control panels and others, is propelling the market growth for touch panels.

Touch panel market is in its growing stage and new technologies such as projected capacitive one glass solution and multi-touch resistive solution are providing a strong thrust to the market growth. With the detailed analysis of key factors such as declining cost of smartphones and tablet devices, rising adoption of simpler UI systems and government initiative toward e-education, the market is expected to reach twice its current size by 2020.

Download Sample of this 250+ Pages Research Report: https://www.alliedmarketresearch.com/request-sample/1160

Changing consumer preferences with screen size as a major buying criterion for touch-enabled devices has led to the uncertainty of future demand for specific size of touch panels. Also, the market faces major threat of high-tech market volatility, which is diluting the interest of investors in particular technology.

With the highest technology adoption rate, China region holds around 57.65% share of the touch panel market by revenue in 2013. The major applications of touch panels include smartphone, tablet Pcs, notebook PCs, all in one PCs, LCD touch monitor. Amongst all the application areas of touch panels, smartphone segment holds more than 70% market share followed by tablet PCs. In the coming years applications such as Smart watch, smart TV, and industrial display would exhibit incremental growth, with CAGR of 41.9%.

Interested? Do Purchase Enquiry Now: https://www.alliedmarketresearch.com/purchase-enquiry/1160

The major technologies used in touch panels include resistive, capacitive (surface, projected), and infrared. Amongst these technologies, capacitive technology should remain the most preferred technology over the analysis period, due to its applications in smartphones, tablet PCs.

The emerging structure such as one glass solution (OGS) in projected capacitive is boosting the growth of capacitive technology in touch panel market. The infrared technology is expected to grow at a higher pace due to its applications in large public displays. The market for resistive touch technology would witness declination due to the growing popularity of multi touch capacitive panels.

The market for touch panels is not limited to one-size-fit all solution. Different applications such as smartphones, tablet PCs, monitors and others have made the market complex in terms of determining the demand for particular size of touch panels. The manufacturing companies in Asia-Pacific are adopting various strategies to sustain high degree of market complexity and to plan their growth in the future.

Access Report Summary: https://www.alliedmarketresearch.com/Asia-Pacific-Touch-Panel-market

TPK touch Solutions, Wintek Inc, AUO Inc., CPT Inc., HanssTouch Inc., and 3M touch systems are the key companies involved in the manufacturing of touch panels. The companies are primarily focusing on production of touch panels covering all the required sizes for the various applications to gain share in application market.

Key Findings of Asia-Pacific Touch Panel Market:

Asia-Pacific touch panel market would show significant growth due to increasing demand for smartphones and tablet PCs

Application segment including smart watch, smart TV, and industrial control panels would grow at fastest rate during 2014-2020 with a CAGR of 41.9%

The declining cost of smartphones and tablets, and rising adoption of simpler UI devices would act as major drivers for the market

New infrared technology is expected to commercialize in consumer electronics sector and to grow five-fold by 2020.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.