How Companies in Asia Pacific Touch Panel Market Adopted Strategies to Sustain High Degree of Market Complexity- AU Optronics corp, Fujitsu, DigiTech systems, Chunghwa picture tubes Ltd, Tovis, Wintek, TPK, J Touch corp, 3M touch systems

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

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.

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.

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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.

AU Optronics corporation, Fujitsu, DigiTech systems, Chunghwa picture tubes Ltd, Tovis, Wintek, TPK, J Touch corporation, 3M touch systems, Cambrios Technologies Corporation, HannsTouch Solutions Inc., Iljin Display Co., Ltd and ELK Corporation 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.

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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.

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.

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Porter’s five forces analysis unveils the fact that in touch panel market, the buyers enjoy higher bargaining power than the suppliers. The analysis also discloses that the market for touch panel exhibits high entry barriers and large portion of market share is concentrated into the hands of fewer companies.

In the opportunity analysis, the application segment consisting of smartwatch, smart TV and industrial control panels is depicting highest growth amongst all the applications.

Also applications of LCD touch monitors in Kiosk and public display areas possess strong potential to grow five-fold by 2020 . This would create a huge demand for large-size touch panels, and companies are actively investing in their R&D to come up with cost-effective large-sized touch panels.

ASIA-PACIFIC TOUCH PANEL MARKET KEY SEGMENTS:

BY TECHNOLOGIES

• Resistive Touch
• Capacitive Touch
• Infrared Touch

BY APPLICATIONS

• Smart Phones
• Tablets and tablet PCs
• Notebooks
• All-in-one PCs
• LCD Touch Monitors
• Other

BY COUNTRY

• China
• Taiwan
• Korea
• Japan
• India
• Other

KEY PLAYERS

• AU Optronics corporation
• Fujitsu
• DigiTech systems
• Chunghwa picture tubes Ltd
• Tovis
• Wintek
• TPK
• J Touch corporation
• 3M touch systems
• Cambrios Technologies Corporation
• HannsTouch Solutions Inc.
• Iljin Display Co., Ltd
• ELK Corporation

Read Press Release at: https://thefinancialbroker.com/touch-panel-market-size-is-all-set-to-hit-13-48-billion-in-asia-pacific-by/

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