Rapid Adoption of Commercial Touch Display Market to Drive Growth

Posted March 14, 2023 by avinashgogawale14

The Commercial Touch Display Market Size was pegged at USD 4.3 billion in 2020, and it's anticipated to reach USD 7.6 billion by 2025. It is projected to grow at a CAGR of 12.1%.
The Commercial Touch Display Market is anticipated to reach USD 7.6 billion by 2025, rising at a CAGR of 12.1% from 2020 to 2025. The high adoption of touchscreen displays in the retail, hospitality, healthcare, and transportation sectors, the dynamic nature of touchscreen displays resulting in improved customer experiences, and the quick uptake of technologically advanced, energy-efficient, aesthetically pleasing, and high-end display products are cited in the report as the main driving factors behind the market's growth. The study further segments the market by touch technology, resolution, application, size, aspect ratio, industry, and product (monitors, signs displays, POS terminals, open frame touchscreen displays, and medical displays).

Key Players

Samsung Electronics (South Korea), Leyard Optoelectronics (Planar) (China), LG Electronics (South Korea), Innolux Corporation (Taiwan), and BOE Technology (China) are among the major players in the commercial touch display market.

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Driver:Rapid adoption of technologically advanced, energy-efficient, attractive, and high-end specification display products

The market for touch screen displays is primarily driven by the quick uptake of technologically sophisticated, energy-efficient, attractive, and high-end specification display products. In recent years, the market has seen tremendous transformation, with thick and take up a lot of space devices being replaced by thin and bezel-less devices. In comparison to conventional displays, these new gadgets have far higher resolutions, greater contrast ratios, and use less electricity. In addition, producers are releasing goods with premium features and beautiful aesthetics in response to the market's fierce competition. The final cost of various displays and technologies has decreased as a result of the growing demand for touchscreen screens. These elements have helped the market for touch screen displays to expand.

Open frame touchscreen to account for the largest share of the commercial touch display market

Due to its strong demand across numerous sectors, including retail, airports, hospitals, schools, and government offices, open frame touchscreen displays are anticipated to continue holding the greatest share of the commercial touch display market. The use of these screens includes check-in, food vending, ticketing, and cash dispensing. Researchers are focusing on incorporating new technologies, like AI, to make these displays more user-friendly and interactive as businesses concentrate on creating creative goods with extra features. In the upcoming years, the industry is anticipated to experience tremendous development potential due to the adoption of new technologies.

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Infrared touch technology to witness a higher CAGR during the forecast period.

The commercial touch display industry is predicted to experience the highest growth rate for infrared (IR) touch technology. These touch screens are renowned for their remarkable resilience and durability, high image quality, and ability to transmit light. Moreover, a stylus, gloved finger, and naked finger can all be used to operate them. The IR touch screens can be used in big touchscreen displays as well as medium-sized displays with a size between 32 and 65 inches since they are scratch, fingerprint, and minor damage resistant. These characteristics have helped IR technology become more widely used in the market for commercial touch displays.

North America to account for the largest share of the commercial touch display market by 2025

By 2025, North America is anticipated to hold the biggest market share for commercial touch displays. Due to reasons including a greater requirement for prompt and accurate services, high retail service efficiency, and a higher level of life than other regions, the region has seen major developments in the commercial touch display sector. The North American retail industry is transitioning to a more solution-oriented strategy, which has inspired manufacturers to develop highly automated items. The region's strong economy and the high demand for touch screens have propelled a number of end-user businesses to implement quick and simple point-of-sale (POS) systems. The demand for commercial touch display-based solutions for advertising, wayfinding, and information display in sectors like corporate, retail, BFSI, sports & entertainment, and education is highest in the United States.

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Last Updated March 14, 2023