he global market for touch screen displays demonstrates a highly competitive landscape, thanks to the high level of rivalry between Fujitsu Ltd., 3M, Samsung, LG Electronics, and Panasonic Corp, finds a research report by Transparency Market Research (TMR).
While the established companies enjoy a widespread presence, the entry of new players is somewhat restricted in this market due to the need for high investments, limited technological competence, and the moderate scope for product differentiation for them. TMR recommends companies looking to venture into this market to involve into mergers and partnerships with established ones in order to get a foothold.
As per the estimations of this research study, the global market for touch screen displays presented an opportunity worth US$44.4 bn in 2015. Progressing at a CAGR of 8.90% during the period from 2016 to 2024, the market is projected to attain a value of US$93.8 bn by the end of the forecast period. Over the same period of time, the shipment volume is anticipated to increase at a CAGR of 10.70%. The retail kiosks segment has been registering a higher demand for these displays than other application segments and is expected to continue to do so over the forthcoming years, thanks to a large number of retail outlets spread across the world, states the report.
Get Sample Copy of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1204
The report also presents a regional analysis of the global touch screen display market. According to the study, North America, South America, Europe, the Middle East and Africa, and Asia Pacific are the main regional markets for touch screen displays. In 2015, North America acquired the lead in this market with a share of 35%. With the presence of a large pool of touch screen display manufacturers, this regional market is likely to remain leading throughout the forecast period. The technological developments in the field of touch screens are also expected to support the North America market for touch screen displays in the years to come.