The global Touch Panel Market is anticipated to reach US$ 137.1 billion by 2027, registering a CAGR of 12.0% over the forecast period of 2020–2027, according to The Insight Partners' most recent research report, "Touch Panel Market to 2027–COVID-19 Impact and Forecast and Global Analysis".

Due to the increasing use of smartphones and e-learning across many APAC nations, the region held the highest share of the worldwide touch panel market. One of the well-known areas for producing consumer electronics is APAC. Due to important reasons including high disposable income among people and their propensity to purchase cutting-edge electronic devices, China, South Korea, Japan, and Taiwan are the primary nations contributing to the expansion of the consumer electronics industry. Another important element for the expansion of touch panels in the APAC nations is the presence of some of the industry's most recognisable touch panel manufacturers there, like AU Optronincs, J-Touch Corporation, Fujitsu, and Digitech Systems.

Get Sample Copy of Report PDF: https://www.theinsightpartners.com/sample/TIPTE100000627/

Furthermore, the second-largest market region for touch panels is North America. The widespread use of cellphones in the US is changing people's lifestyles and increasing their disposable income. The use of wearables, laptops, tablets, touch screen LCD monitors, and kiosks is growing along with the explosive growth in smartphone sales. Growing 4G connectivity availability across the US is a crucial factor in the growth of the smartphone market. This element will help the market for touch panels expand. A few businesses in the touch screen technology sector include Faytech North America and Unytouch. In the US, more than 60% of the population has access to a smartphone, which helps to fuel the smartphone mobile market.

One of the key drivers of the touch panel market's expansion is the growing use of e-learning techniques in schools, universities, and business organisations to design efficient classroom and training programmes. Similarly, during the projection period, smart education and e-learning would benefit from rising demand for interactive learning methods, such as mobile educational applications and gamification. During the projection period, it is projected that the growing popularity of virtual learning environments and the global spread of bring-your-own-device (BYOD) trends would present the touch panel market with several opportunities. 

With the aid of fingers, users can rotate images on a device without squeezing the screen in order to turn them clockwise or counterclockwise. On the screens of smartphones and tablets, multi-touch rotation offers a quick and simple way to view and enjoy photographs, videos, and other functions. Multi-touch technology has many advantages over classic touchscreen technology, including being three times faster, improving functionality and remote access using tablets and smartphones, and giving the user better visualisation. The development of multi-touch panel devices is the primary emphasis of the touch panel producers. Thus, the development of multi-touch screens will spur the market for touch panels to grow more quickly.

3M, Advantech Co. Ltd., Chimei Innolux Corporation, Fujitsu Limited, Hitachi Ltd., LG Displays, Planar, Renesas Electronics Corporation, SAMSUNG, and Xenarc Technologies Corporation are some of the well-established players present in the touch panel market.

Browse More Related Reports by the insight partners:

Electric Control Panel Market

https://www.theinsightpartners.com/reports/electric-control-panel-market

Touch Probe Market

https://www.theinsightpartners.com/reports/touch-probe-market

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876