The global industrial touchscreen display
market was valued at US$ 835.3 Mn in 2017 and is projected to expand at
a CAGR of over 6.5% from 2018 to 2026, according to a new report
published by Transparency Market Research (TMR) titled ‘Industrial Touchscreen Display Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’
Growth of the market is primarily attributable to advancements in
technology and increase in the need to enhance end-user experience.
Moreover, high demand for industrial touchscreen displays across
industries such as automotive manufacturing and food & beverages is
expected to propel the global industrial touchscreen display market
during the forecast period.
The global industrial touchscreen display market has
been segmented based on touchscreen type, component, end-use industry,
and region. Based on touchscreen type, the market has been divided into
resistive, capacitive, surface acoustic wave, infrared, and others
(including optical imaging and near-field imaging). In terms of
component, the market has been categorized into hardware and software.
The hardware segment has been sub-divided into display, touch sensor,
and controller. In terms of end-use industry, the market has been
classified into oil & gas, chemical, food & beverages, mining
& metal, automotive, and others (including rubber, plastics, and
paper & pulp). Based on geography, the global industrial touchscreen
display market has been segregated into North America, Asia Pacific,
Europe, Middle East & Africa, and South America.
Automotive segment expected to hold a prominent share
Among end-use industries, the automotive
segment is anticipated to constitute a significant market share in 2017.
The segment is expected to be driven by rising demand for
next-generation touchscreen display panels that can withstand harsh
environments. This can be further attributed to the rising demand for
custom touch panels with full display enhancements such as sunlight
readability and custom rugged cover glass with logos and graphics.
Europe holds a leading market share
In terms of geography, the global
industrial touchscreen display market has been classified into North
America, Europe, Asia Pacific, Middle East & Africa, and South
America. Europe is anticipated to hold a leading share of the global
market during the forecast period, followed by North America and Asia
Pacific. This is primarily due to technological advancements in the
region. Furthermore, presence of a large number of manufacturers of
display panels in North America has made it a prominent region of the
global industrial touchscreen display market. Moreover, transformation
of computing platforms and digitalization is an increasing trend that
the industrial touchscreen display market is likely to witness in the
next few years. Manufacturers are integrating commercial PC technologies
to provide customized solutions for users. This is achieved by
incorporating the latest-technology solutions and control automation
methods into commercial products, manufacturing equipment, and test
stations. Moreover, the market in Asia Pacific is projected to expand
rapidly between 2018 and 2026, due to ongoing technological innovations
in the region. The market in Middle East & Africa is estimated to
witness moderate growth from 2018 to 2026. The market in South America
is expected to witness sluggish growth during the forecast period.
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