Dublin, Sept. 09, 2020 (GLOBE NEWSWIRE) -- The "Commercial Touch Display Market by Product (Monitors, Signage Displays, POS Terminals, Open Frame Touchscreen Displays, and Medical Displays), Touch Technology, Resolution, Application, Size, Aspect Ratio, Industry, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Commercial Touch Display Market Size was Valued at USD 4.3 Billion in 2020 and is Projected to Reach USD 7.6 Billion by 2025 and is expected to grow at a CAGR of 12.1% during the forecast period.
Medical displays to witness a higher CAGR during the forecast period.
High adoption of touchscreen displays in retail, hospitality, healthcare, and transportation verticals, dynamic nature of touchscreen displays leads to enhanced customer experience, and rapid adoption of technologically advanced, energy-efficient, attractive, and high-end-specification display products are the key driving factors for the commercial touch display market. However, high costs incurred for customization of touch display devices and the adverse impact of COVID-19 hampering the growth of the market.
Retail, Hospitality, and BFSI industry to account the largest share during 2020-2025.
The retail, hospitality, and BFSI industry is expected to continue to hold the largest share of the market for commercial touch displays. These displays are increasingly being adopted in retail stores to provide product information and buyers can purchase these products without visiting a retail store. They also provide in-store product information and promotional displays of products and services to attract customers. These activities help improve the brand loyalty of customers as the products are easily available with complete information. These displays can create a number of interesting customer engagement activities, such as handy product tutorials and virtual wardrobes where customers can see themselves in the clothes.
The growth of the commercial touch display market for the banking sector is attributed to the ability of these displays to be cost-effective solutions, reducing manual tasks and minimizing human errors to ensure fast and seamless performance. They are remote banking channels providing extra convenience to customers and saving service costs for banks. Touch displays are also adopted in the hospitality sector by hotels, resorts, restaurants, casinos, and cruise ships to enhance the experience of customers. In restaurants and hotels, touch displays are used in digital signage solutions, such as touch screen monitors, that enable reliable and accurate order entry with human interface.
4K resolution to witness the highest CAGR during the forecast period.
The market for display screens with a resolution of 4K is expected to grow at the highest CAGR owing to their features of higher frame rates and better color replication that render true-to-life pictures.4K displays have a great market opportunity in the near future as they are primarily used in outdoor applications. 4K technology offers over 4 times higher image definition than 1080p resolutions. The flexibility to zoom and record in higher resolution formats is one of the major advantages offered by 4K.
APAC to record the highest growth rate in commercial touch display market during the forecast period
APAC is the leading region in terms of production of the commercial touch displays. The region has witnessed significant advancements in the display device market, along with the rapid adoption of new technologies including OLED and quantum dots. APAC is an attractive market for the manufacturers of monitors, open frame touch screen displays, and signage displays, with major companies such as Samsung and LG Display being based in South Korea, and Sharp, Panasonic, and a few others being based in Japan. APAC is expected to register the highest growth rate in the market during the forecast period.
However, North America and Europe are expected to be highly impacted by the COVID-19 outbreak because of its high dependency on China as a major chip and equipment supplier for the commercial touch display industry.
The study includes an in-depth competitive analysis of these key players in the commercial touch display market, with their company profiles, recent developments, and key market strategies.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Industry Trends
5.1 Value Chain Analysis
5.2 Industry Trends
6 Operating System Trends
6.1 Linux Operating System
6.2 Windows Operating System
6.3 Android Operating System
7 Touch Display Market, by Product
7.3 Signage Displays
7.4 Pos Terminals
7.5 Open Frame Touchscreen Displays
7.6 Medical Displays
8 Touch Display Market, by Aspect Ratio
9 Touch Display Market, by Touch Technology
9.4 Surface Acoustic Wave
10 Touch Display Market, by Resolution
11 Touch Display Market, by Application
12 Touch Display Market, by Size
12.2 7-27 Inches
12.3 28-65 Inches
12.4 Above 65 Inches
13 Touch Display Market, by Industry
13.2 Retail, Hospitality, and Bfsi
13.6 Sports & Entertainment
14 Geographic Analysis
14.1 Geographic Snapshot
14.2 North America
15 Competitive Landscape
15.1 Leading Market Players
15.2 Market Share Analysis
15.3 Competitive Situation and Trends
15.4 Competitive Leadership Mapping
15.4.1 Visionary Leaders
15.4.2 Dynamic Differentiators
15.4.4 Emerging Companies
16 Company Profiles
- AU Optronics
- Baanto International
- BOE Technology
- Crystal Display Systems
- Egan Visual
- Elo Touch Solutions
- Horizon Display
- Leyard Optoelectronics (Planar)
- LG Electronics
- NEC Corp.
- Qisda Corp
- Samsung Electronics
- Tianma Microelectronics
- Truly International
For more information about this report visit https://www.researchandmarkets.com/r/9nq26n
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