According to a new report published by ApacMarket.com, the Asia-Pacific touch panel market is expected to reach $13.48 billion by 2020, registering a CAGR of 12.8% during 2014 – 2020.
With the highest technology adoption rate, China region holds around 57.65% share of the touch panel market by revenue in 2013. The major applications of touch panels include smartphone, tablet Pcs, notebook PCs, all in one PCs, LCD touch monitor.
Amongst all the application areas of touch panels, smartphone segment holds more than 70% market share followed by tablet PCs. In the coming years applications such as Smart watch, smart TV, and industrial display would exhibit incremental growth, with CAGR of 41.9%.
The major technologies used in touch panels include resistive, capacitive (surface, projected), and infrared. Amongst these technologies, capacitive technology should remain the most preferred technology over the analysis period, due to its applications in smartphones, tablet PCs.
The emerging structure such as one glass solution (OGS) in projected capacitive is boosting the growth of capacitive technology in touch panel market. The infrared technology is expected to grow at a higher pace due to its applications in large public displays. The market for resistive touch technology would witness declination due to the growing popularity of multi touch capacitive panels.
The market for touch panels is not limited to one-size-fit all solution. Different applications such as smartphones, tablet PCs, monitors and others have made the market complex in terms of determining the demand for particular size of touch panels. The manufacturing companies in Asia-Pacific are adopting various strategies to sustain high degree of market complexity and to plan their growth in the future.
TPK touch Solutions, Wintek Inc, AUO Inc., CPT Inc., HanssTouch Inc., and 3M touch systems are the key companies involved in the manufacturing of touch panels. The companies are primarily focusing on production of touch panels covering all the required sizes for the various applications to gain share in application market.
