Global Commercial Touch Display Markets, 2020-2025: Focus on Monitors, Signage Displays, POS Terminals, Open Frame Touchscreen Displays, and Medical Displays
DUBLIN, Sept. 17, 2020 /PRNewswire/ -- The "Commercial Touch Display Market by Product (Monitors, Signage Displays, POS Terminals, Open Frame Touchscreen Displays, and Medical Displays), Touch Technology, Resolution, Application, Size, Aspect Ratio, Industry, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Commercial Touch Display Market Size was Valued at USD 4.3 Billion in 2020 and is Projected to Reach USD 7.6 Billion by 2025 and is expected to grow at a CAGR of 12.1% during the forecast period.
Medical displays to witness a higher CAGR during the forecast period.
Retail, Hospitality, and BFSI industry to account the largest share during 2020-2025.
The retail, hospitality, and BFSI industry is expected to continue to hold the largest share of the market for commercial touch displays. These displays are increasingly being adopted in retail stores to provide product information and buyers can purchase these products without visiting a retail store. They also provide in-store product information and promotional displays of products and services to attract customers. These activities help improve the brand loyalty of customers as the products are easily available with complete information. These displays can create a number of interesting customer engagement activities, such as handy product tutorials and virtual wardrobes where customers can see themselves in the clothes.
4K resolution to witness the highest CAGR during the forecast period.
The market for display screens with a resolution of 4K is expected to grow at the highest CAGR owing to their features of higher frame rates and better color replication that render true-to-life pictures.4K displays have a great market opportunity in the near future as they are primarily used in outdoor applications. 4K technology offers over 4 times higher image definition than 1080p resolutions. The flexibility to zoom and record in higher resolution formats is one of the major advantages offered by 4K.
APAC is the leading region in terms of production of the commercial touch displays. The region has witnessed significant advancements in the display device market, along with the rapid adoption of new technologies including OLED and quantum dots. APAC is an attractive market for the manufacturers of monitors, open frame touch screen displays, and signage displays, with major companies such as Samsung and LG Display being based in South Korea, and Sharp, Panasonic, and a few others being based in Japan. APAC is expected to register the highest growth rate in the market during the forecast period.
The study includes an in-depth competitive analysis of these key players in the commercial touch display market, with their company profiles, recent developments, and key market strategies.
For more information about this report visit https://www.researchandmarkets.com/r/qmbvqb
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