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.

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.

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.