The touch panel market is expected to reach $23.5 billion by 2018

   January 1, 1900
The global touch panel industry experienced a good growth over the last five years and is expected to continue its growth momentum reaching approximately US $23.5 billion in 2018. Consistently growing handset industry contributes heavily towards the major growth of small and medium sized touch panel industry.

Lucintel, a leading global Management Consulting and market research firm, has analyzed the global touch panel industry and presents its findings in Global Touch Panel Industry 2013-2018: Trend, Profit and Forecast Analysis

The global touch panel industry is highly concentrated. APAC dominates the industry. Various factors such as changing economies, government policies, and favorable demographics seem to impact the industry dynamics significantly.

Lucintel’s research indicates that the industry grew by double digit in 2012 due to high usage of notebooks and tablets after  introduction of Microsoft’s Windows 8 in 2012 and increased demand of small and medium sized display panels such as mobile, tablet, game console and PCs for commercial purpose.

Small and medium sized touch panel segment is forecast to grow at a faster pace due to penetration of touch technology into application such as e-reader, casino gaming, digital cameras and camcorder is likely to surpass the segment. Smartphones and tablets will cover the maximum portion of the touch panel market. Projected capacitive technologies will experience good growth due to its gesture recognizing feature.

As per the study, major drivers of the global touch panel industry are growing demand for smartphones and tablets, thinner and light weight of devices, multi-touch function, high reliable and durable, extended display life, and declining price. Frequently changing technologies, high price of raw materials and less availability of materials are anticipated as the challenges for the industry.

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