November 13, 2020
According to the research report titled ‘Global Commercial Touch Display Market Size study, by Product ( Monitors, Signage , Displays, Open Frame Touchscreen Displays, PoS Terminals, Medical Displays), by Application (Indoor, Outdoor), by Touch Technology ( Resistive, Capacitive, Surface Acoustic Wave, Infrared), by Resolution (HD, FHD, 4K), by Size ( 7-27”, 28-65”, >65”), by Industry (Retail, Hospitality, and BFSI, Corporate, Transportation, Sports & Entertainment, Healthcare, Education ) and Regional Forecasts 2020-2027‘, available with Market Study Report, global commercial touch display market was valued at USD 3.8 billion in 2019 and is expected to experience a CAGR of 12.1% during 2020-2027.
Increasing demand for interactive display panels for digital schooling and gamification, and widespread adoption of interactive displays in retail sector to provide immersive consumer experience are the major factors propelling the growth of global commercial touch display market. Further, rising demand for technologically advanced products is fueling the market growth.
Strategic moves such as product launch, mergers & acquisition, partnerships & agreements, and investment by major companies to gain competitive advantage is contributing to global commercial touch display market outlook.
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Additionally, incorporation of immersive displays in events and trade shows is driving the market growth. However, high price of the product is likely to hamper the business scenario is upcoming years.
Based on industry vertical, global commercial touch display market is segmented into retail, hospitality, BFSI, sports & entertainment, corporate, education, transportation, and healthcare. With regards to size, the market is bifurcated into >65”, 28-65”, and 7-27”. Considering the resolution, the market is segmented into 4K, HD, and FHD.
Speaking of touch technology, worldwide commercial touch display industry is bifurcated into infrared, capacitive, surface acoustic wave, and resistive. From application spectrum, the industry is segmented into outdoor and indoor. With respect to product terrain, the industry is bifurcated into medical displays, signage displays, open frame touchscreen displays, monitors, and POS terminals.
From a regional frame of reference, global commercial touch display market is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. North America market is predicted to amass large returns in forthcoming years, mainly due to preference for rapid & highly accurate services, better standard of living, and efficient retail services in the region.
Whereas, Asia Pacific commercial touch display industry size is anticipated to experience susbtantial growth over 2020-2027, owing to rise in retail sector, and changing business objective from product-centric to customer-centric approach.
Major players influencing global commercial touch display market trends include Innolux Corporation, Sharp Corporation, Panasonic Corporation, NEC Corporation, AU Optronics Corporation, Qisda Corp., LG Electronics Inc., BOE Technology Group, Samsung Electronics Co. Ltd., and Leyard Optoelectronic.