Asia-Pacific touch panel market is expected to garner $13.48 billion by 2020, registering a CAGR of 12.8% during the forecast period 2014-2020. Touch panel is a transparent array of switches that is placed over display screens. These switches enables the interaction with device through physical contact by finger or stylus. Touch panel has provided the user with new form of interface medium, which is with its ease of use gaining tremendous popularity in the market.
Today, the touch panel market is in the progressive phase of its life cycle. Multiplicity of options such as smartphone, tablet PCs, notebook PCs, and monitors in the applications of touch panels has developed competitive environment in the market. With the penetration of smartphones and tablet Pcs, the touch user interface technology is showing significant growth over former graphical user interface.
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The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2018 and 2019 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are viewed as the forecast period.
Declining cost of smartphones and tablet PCs, rising adoption of simplicity in user interface, government initiatives towards E-learning education and reduction in labour cost through self-service are the key drivers of the market. However, high-tech market volatility, lack of one-size-fit-all solution are the two key factors which will restrain the market growth. The market is segmented on the basis of technology, application and geography.
Key technologies implemented in the manufacturing of touch panels include Resistive, Capacitive and Infrared touch technology. Resistive technology touch panels are the cost effective solutions for applications requiring single touch operations. Capacitive and Infrared technologies with multi touch input ability are gaining huge popularity in the industry. Currently, capacitive touch technology dominates the other technologies in market. However, the Infrared touch panel market would witness substantial growth from 2014 to 2020 replacing capacitive technology from its applications.
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The application industries studied in the report include smartphones, tablets and tablet PCs, notebooks, all-in-one PCs, monitors & TV displays. The smartphones market holds the maximum revenue share presently, followed by the tablet and tablet PCs. Geographically, the Asia-Pacific market has been segmented into China, Taiwan, Korea and Japan.
The leading companies in this market include AU Optronincs, Fujitsu, J-Touch Corporation, Digitech Systems, Chunghwa Picture Tubes Ltd, Tovis, Wintek, TPK holdings Inc., 3M Touch Systems, and Cambrios Technologies Corporation.
ASIA-PACIFIC TOUCH PANEL MARKET KEY BENEFITS:
The study provides an In-depth analysis of the current market based on various segments along with a market forecast from 20142020
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A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Asia Pacific Touch Panel Market.
ASIA-PACIFIC TOUCH PANEL MARKET KEY SEGMENTS:
Tablets and tablet PCs
LCD Touch Monitors
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AU Optronics corporation
Chunghwa picture tubes Ltd
J Touch corporation
3M touch systems
Cambrios Technologies Corporation
HannsTouch Solutions Inc.
Iljin Display Co., Ltd
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