Report : Asia Pacific Touch Panel Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology (Resistive, Capacitive, Infrared); Product Type (Consumer, Commercial and Industrial); Application (Consumer, Medical, Retail, Industrial, Others), and Country
Consumer Segmentto Dominate Asia-Pacific Touch Panel Market during 2019–2027
According to The Insight Partners market research study on “Asia-Pacific Touch PanelMarket to 2027 – Regional Analysis and Forecast by Technology, Product Type, Application, is expected to reach US$ 60,791.6Mn by 2027 from US$ 24,676.1Mn in 2019. The market is estimated to grow at a CAGR of 12.8% from 2020 to 2027.The report provides trends prevailing in the Asia-Pacific touch panel market along with the drivers and restraints pertaining to the market growth. The growth of the Asia-Pacific touch panel market is attributed tothe high adaptability of touch screen kiosks in the consumer electronics market. However, the high price of fibers used in manufacturing of touch panelsmay hamper the touch panel market growth.
The touch panel market, by application, is segmented into Consumer, Medical, Retail, Industrial, Others. The consumer segment held the largest share of the Asia-Pacific market in 2019. Consumer electronics is the most significant industry in the market. Multiple consumer electronics products have been integrated with touch panel technologies; it is the most common user interface found on products such as smartphones, tablets, and laptops. The touch panel industry has grown to become the fastest-growing owing to the presence of bigger giants, such as Apple and Samsung. The touch panel technology can be found across several high-demanding consumer goods applications; this is expected to boost the demand for the touch panel.
ABB Ltd, AMETEK Inc, Eaton Corporation plc, Ronan Engineering Company, Automation Displays Inc., Dwyer Instruments, Inc, NOTIFIER, Schweitzer Engineering Laboratories, Inc. and Apex Automation Solutions are among the leading companies in the touch panel market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in2020, Tanvas, Inc. partnered with Innolux Corporation to deliver a 15" automotive-qualified touch display using Tanvas touch, programmable textures and haptic effects on smooth, physical surfaces.
The report segments the Asia-Pacific Touch Panel Market as follows:
Asia-Pacific Touch Panel Market– By Technology
Asia-Pacific Touch Panel Market– By Product Type
Asia-Pacific Touch Panel Market– By Application
Asia-Pacific Touch Panel Market– By Country