Industrial Touchscreen Display Market – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2030
Overview
Industrial Touchscreen Display market was valued at US$ 1225.68 Mn in 2023 and is expected to reach US$ 1917.25 Mn by 2030, at a CAGR of 6.6% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Industrial Touchscreen Display Market Dynamics:
Touchscreen displays act as an interaction point among various service providers and their end-users and help in enhancing and simplifying user experience while reducing labour costs for service providers. Touchscreen displays use resistive touch, surface acoustic wave, capacitive touch, and infrared technology to act as an interface between service providers and end-users.
The industrial touchscreen display market is witnessing significant growth, due to fast changes in technologies in the industrial PC sector. The automotive manufacturing industry requires highly reliable touchscreen panels, as the industry needs displays with reliability, better durability, and ruggedness.
In terms of components, the hardware segment has been sub-categorized into touch sensor, display, and controller. Among these displays, the sub-segment accounted for nearly 54% share of the hardware segment of the market in 2019. This is primarily attributable to the rising demand for next-generation display technologies such as LED, LCD, OLED, and others. The cost of display plays an important role in determining the cost of a panel.
In terms of end-users, the automotive segment accounted for the maximum market share in 2019. The food & beverages segment is expected to expand at a significant CAGR during the forecast period. This is primarily attributable to the high demand for next-generation that facilitates touchscreen panels from the food & beverages industry for use in food processing applications.
Factors such as advancements in technology and growing needs in end-user will experience various industry verticals to deploy industrial touchscreen terminals. This deployment aims to develop end-user interaction through superior engagement platforms. Additionally, with rising labor costs, the need for employing cost-effective solutions to reduce labor costs is increasing. However, their increasing costs and low availability of raw materials are affecting the prices of industrial touchscreen displays. This is acting as a barrier to the adoption of touchscreen display technology.
Geographically, The European market is expected to be a leading contributor to the global Industrial Touchscreen Display market during the forecast period and further followed by North America and the Asia Pacific. Furthermore, the presence of a large number of manufacturers of display panels in North America has boosted the region of the global market.
Moreover, the transformation of computing platforms and digitalization is an increasing trend that the industrial touchscreen display market is likely to witness in the forecasting period. This is achieved by incorporating the latest technology solutions and control automation methods into manufacturing equipment, commercial products, and test stations. Moreover, the market in the Asia Pacific is projected to expand rapidly during the forecasting period, due to ongoing technological innovations in the region.
Global Industrial Touchscreen Display Market, Key Highlights:
Global Industrial Touchscreen Display Market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Industrial Touchscreen Display Market
Global Industrial Touchscreen Display Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
The Global Industrial Touchscreen Display Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global Industrial Touchscreen Display Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Industrial Touchscreen Display Market are also profiled.
The report has considered the base year of 2023 and past four years trend. 2023 figures are at actuals, however due to different dynamics of year 2023, market forecast is not only dependent upon 2023, but on the basis of 2018-2023.
The Scope of Global Industrial Touchscreen Display Market: Inquire before buying
| Global Industrial Touchscreen Display Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 1225.68 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 6.6% | Market Size in 2030: | US $ 1917.25 Mn. |
| Segments Covered: | by Type | Resistive Surface Acoustic Wave Infrared Others (Including Optical Imaging and NFI) |
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| by Component | Hardware Software |
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| by End-Users | Oil & Gas Food & Beverages Chemical Others (Including Rubber, Plastics, and Paper & Pulp) |
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by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players Operating in the Global Industrial Touchscreen Display Market:
1. Advantech Co., Ltd
2. Cypress Semiconductor Corporation
3. Dell, Inc.
4. Panasonic Corporation
5. B&R Industrial Automation GmbH
6. Elo Touch Solutions, Inc.
7. Fujitsu Ltd.
8. Hewlett Packard Enterprise
9. LG Electronics
10.Planar Systems
11.Kontron AG
12.Schneider Electric S.E.
13.Siemens AG
14.Beckhoff Automation GmbH & Co. KG
15.Captec Ltd.
16.American Industrial Systems.
17.Elo Touch
18.NEC
19.TPK
20.Flatvision
21.Chimei Innolux
22.AOPEN Inc
23.Flytech Group
24.FEC
25.Sharp
26.Posiflex
27.Hisense
28.Sed Electronics
29.Bigtide
30.Sinocan
31.Galaxy
32.Amongo
Frequently Asked Questions:
1. Which region has the largest share in Global Industrial Touchscreen Display Market?
Ans: European region held the highest share in 2023.
2. What is the growth rate of Global Industrial Touchscreen Display Market?
Ans: The global market is growing at a CAGR of 6.6% during forecasting period 2024-2030.
3. What is scope of the Global Industrial Touchscreen Display Market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. What was the Global Industrial Touchscreen Display Market size in 2023?
Ans: The global market was valued at US$ 1225.68 Mn. In 2023.
5. What is the study period of this Market?
Ans: The Global Industrial Touchscreen Display Market is studied from 2023 to 2030.