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Touch Panel Market Size

Report ID: GMI12294
Published Date: Nov 2024
Report Format: PDF

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Touch Panel Market Size

The global touch panel market was valued at USD 72.3 billion in 2023 and is estimated to grow at a CAGR of 13.8% from 2024 to 2032.

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The expansion of the Internet of Things (IoT), there is rising demand for interactive control systems in smart home devices, such as thermostats, home security, and lighting control systems. Touch panels enable users to easily interact with these devices, fueling market growth as more households adopt smart home technology. Additionally, touch-based IoT solutions are also being integrated in various industries to support remote monitoring and control of equipment.

Ongoing advancements in touch technologies, such as capacitive, resistive, and infrared touch, have enabled manufacturers to develop more accurate, durable, and versatile touch panels. Innovations like multi-touch, pressure sensitivity, and gesture recognition provide enhanced user experience, making touch panels suitable for a wider array of applications across industries. These innovations also contribute to better performance and higher durability, further driving market growth.

Touch Panel Market Report Attributes
Report Attribute	Details
Base Year:	2023
Touch Panel Market Size in 2023:	USD 72.3 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	13.8%
2024 – 2032 Value Projection:	USD 226.1 Billion
Historical Data for:	2021–2023
No. of Pages:	210
Tables, Charts & Figures:	380
Segments covered:	Type, Size, Material Type, Application, End-use Industry
Growth Drivers:	Expansion of IoT and smart home solutions Technological advancements in touch panel technology Increasing demand for smart devices Growing demand in the healthcare sector
Pitfalls & Challenges:	High production and maintenance costs Competition of alternative interfaces

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For instance, in April 2024, Advantech announced the acquisition of Aures Technologies SA, a strategic move aimed at expanding its presence in the smart retail sector. This acquisition will enhance Advantech's portfolio of touch screen display solutions, integrating state-of-the-art technology for interactive retail experiences. The collaboration is expected to improve customer engagement through innovative touch panel applications in retail environments.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for touch panel was valued at approximately USD 72.3 billion in 2023 and is expected to reach around USD 226.1 billion by 2032, driven by a CAGR of 13.8% from 2024 to 2032.

The touch panel industry from large-sized touch panels segment is projected to reach USD 45.2 billion by 2032, driven by their extensive use in devices requiring expansive touch interfaces.

The U.S. dominated the North America market in 2023, accounting for a 77.8% share, driven by high demand for consumer electronics and strong R&D capabilities.

Major players in the industry include AU Optronics Corporation, Atmel Corporation, BOE Technology Group Co., Ltd., Corning Incorporated, Cypress Semiconductor, DISplax Interactive Systems, and Elo Touch Solutions.