DUBLIN--(BUSINESS WIRE)--The "Touch Panel Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology; Product Type; Application" report has been added to ResearchAndMarkets.com's offering.
The global touch panel market was valued at US$ 59.06 billion in 2019 and is projected to reach US$ 137.19 billion by 2027; it is expected to grow at a CAGR of 12% during the forecast period.
The increasing demand of consumer electronics and rising adoption of touchscreen in commercial applications &kiosks worldwide are some of the key factors that are driving the growth of touch panel market. However, high price of raw material may restrain the adoption of these solutions in developing and underdeveloped regions of the world. Despite some limitations, the growing adoption of touch panels across educational sector is the factors that will fuel the future growth of touch panel market during the forecast period.
Despite being positive growth outlook, the on-going COVID-19 outbreak is anticipated to negatively affect the global economy and thus affecting the business activities and company revenues in the touch panel industry worldwide. The business lockdowns, travel bans, event cancellations, and supply chain disruptions in various countries are anticipated to affect the future growth of global touch panel market, especially in 2020 and 2021.
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.
Impact of the COVID-19 Pandemic
The outbreak first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. As per latest WHO figures for 29th May 2020, there are around 5.70 million confirmed COVID-19 cases globally with ~3, 57, 688 deaths and the number is growing at varying rates in different countries. The COVID-19 crisis is affecting the industries worldwide and the global economy is anticipated to take a worst hit in the year 2020 and likely in 2021 also.
The outbreak has created significant disruptions in primary industries such as electronics & semiconductor, and consumer electronics industry. The sharp decline in smartphones and tablets manufacturing industry is impacting the growth of global touch panel market. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted the consumer electronics manufacturing.
The global travel bans imposed by countries in Europe, Asia Pacific, North America, and others are affecting the business collaborations and partnerships opportunities across industries. All these factors are anticipated to negatively impact the growth of the global touch panel market, especially in 2020 and 2021, depending on the duration of the outbreak.
Key Topics Covered
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Touch Panel Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Touch Panel Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Consumer Electronics
5.1.2 Rising Adoption of Touchscreen in Commercial Applications & Kiosks Worldwide
5.2 Market Restraints
5.2.1 High Price of Raw Materials
5.3 Market Opportunities
5.3.1 Growing Adoption of Touch Panels Across Educational Sector
5.4 Future Trends
5.4.1 Development of Multi-Touch Screens
5.5 Impact Analysis of Drivers and Restraints
6. Touch Panel Market - Global Analysis
6.1 Touch Panel Market Global Overview
6.2 Touch Panel Market - Revenue and Forecast to 2027 (US$ Billion)
6.3 Market Positioning - Five Key Players
7. Touch Panel Market Analysis - By Technology
7.1 Overview
7.2 Touch Panel Market Breakdown, by Technology, 2019 & 2027
7.3 Resistive
7.4 Capacitive
7.5 Infrared
8. Touch Panel Market Analysis - By Product Type
8.1 Overview
8.2 Touch Panel Market Breakdown, by Product Type, 2019 & 2027
8.3 Consumer
8.4 Commercial and Industrial
9. Touch Panel Market Analysis - By Application
9.1 Overview
9.2 Touch Panel Market Breakdown, by Application, 2019 & 2027
9.3 Consumer
9.4 Medical
9.5 Retail
9.6 Industrial
9.7 Others
10. Touch Panel Market - Geographic Analysis
10.1 Overview
10.2 North America: Touch Panel Market
10.3 Europe: Touch Panel Market
10.4 APAC: Touch Panel Market
10.5 MEA: Touch Panel Market
10.6 SAM: Touch Panel Market
11. Impact of COVID-19 Pandemic on Touch Panel Market
11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East and Africa
11.6 South America
12. Industry Landscape
12.1 Market Initiatives
12.2 New Developments
13. Company Profiles
13.1 3M
13.2 Samsung
13.3 Xenarc Technologies Corporation
13.4 Renesas Electronics Corporation
13.5 FUJITSU Limited
13.6 Advantech Co. Ltd.
13.7 Planar
13.8 Hitachi, Ltd.
13.9 Innolux Corporation
13.10 LG Display Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/9nf918
