Short Replacement Cycle of Portable Electronic Devices Spurring Growth in the Global Touchscreen Market`: Technavio Report

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  • The key vendors in the Global Touchscreen Market 2015-2019 are Nissha Printing Co. Ltd., TPK Holding Co. Ltd., Wintek Corp. and Young Fast Optoelectronics Co. Ltd.

London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Touchscreen Market 2015-2019. Emergence of Multi-touch Screens is one of the major trends being witnessed in this market. Multi-touch screens enable intuitive gestures that accept commands three times faster than traditional touchscreens. It can be seen as a replacement for keypads. Samsung, Google, Dell, HP, and Apple use multi-touch screens as their USPs to market their products. The overall market is expected to grow at a CAGR of 5.50 percent in terms of revenue and 6.00 percent in terms of volume during the forecast period of 2014-2019.

A wide array of display technologies is now available in the market, increasing the number of applications used for these displays. Currently, new developments in the market include the use of metal mesh and silver nanowire to enhance the sensitivity of touchscreens on display devices.

“In the current scenario, portable electronic devices such as smartphones and tablets are becoming obsolete within a short time span because of the rapid introductions of next-version models by vendors,” says Faisal Ghaus, Vice President of Technavio Research.

“The reduction of the time span in the product replacement cycle is expected to increase the demand for touchscreens in newly launched devices dramatically.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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