Asia Pacific Touch Panel Market: Top Trends and Key Players Analysis Report

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% from 2014-2020.

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With the highest technology adoption rate, the China region held around 57.65% of the touch panel market by revenue in 2013. The major applications of touch panels include smartphones, tablet PCs, notebook PCs, all-in-one PCs, and LCD touch monitors. Amongst all the application areas of touch panels, the smartphone segment holds more than 70% market share, followed by tablet PCs. In the coming years, applications such as Smart watches, smart TVs, and industrial displays will exhibit incremental growth, with a CAGR of 41.9%.

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 and tablet PCs. The emerging structure, such as one glass solution (OGS) in projected capacitive, is boosting the growth of capacitive technology in the touch panel market. 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 a decline due to the growing popularity of multi-touch capacitive panels.

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Key Findings of Asia-Pacific Touch Panel Market:

- The Asia-Pacific touch panel market would show significant growth due to increasing demand for smartphones and tablet PCs
- Application segment, including smart watches, smart TVs, and industrial control panel,s would grow at the fastest rate during 2014-2020 with a CAGR of 41.9%
- The declining cost of smartphones and tablets, and the rising adoption of simpler UI device,s would act as major drivers for the market
- New infrared technology is expected to be commercialized in the consumer electronics sector and to grow fivefold by 2020

The market for touch panels is not limited to one-size-fits-all solutions. Different applications, such as smartphones, tablet PCs, monitors, and other,s have made the market complex in terms of determining the demand for particular sizes of touch panels. The manufacturing companies in Asia-Pacific are adopting various strategies to sustain a high degree of market complexity and to plan their growth in the future. 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 the production of touch panels covering all the required sizes for the various applications to gain a share in the application market.

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This release was published on openPR.