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. It is expected to grow at a CAGR of 12.1% during the forecast period. High adoption of touchscreen displays in retail, hospitality, healthcare, and transportation verticals, dynamic nature of touchscreen displays leads to enhanced customer experience, and rapid adoption of technologically advanced, energy-efficient, attractive, and high-end-specification display products are the key driving factors for the commercial touch display market.
The commercial touch display market comprises major players such as Samsung Electronics (South Korea), Leyard Optoelectronics (Planar) (China), LG Electronics (South Korea), Innolux Corporation (Taiwan), BOE Technology (China), Sharp (Foxconn) (Japan), NEC Corporation (Japan), Qisda Corp. (Taiwan), AU Optronics (Taiwan), and Panasonic (Japan). are the key players in the commercial touch display market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.
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Samsung Electronics is one of the leaders in the commercial touch display market. It is a pioneer in commercializing technologically advanced commercial touch displays. Samsung is focused on developing innovative products and solutions in the commercial touch display market. The company has a strong financial background and invests large amounts in R&D activities. The company is focused on providing touch displays for retail, hospitality, medical, and transportation industries. Samsung continues to maintain its position through its state-of the-art technologies that suit a wide range of business needs, including smart signage solutions. Samsung has wide geographic presence and is focused on developing innovative products and solutions in the commercial touch display market. The company has a strong financial background and invests large amounts in R&D activities. The company is focused on providing touch displays for retail, hospitality, medical, and transportation industries. Samsung continues to maintain its position through its state-of the-art technologies that suit a wide range of business needs, including smart signage solutions. Samsung has improved cost competitiveness by increasing its production yields through developing advanced process technologies and high transmission panels, as well as producing core manufacturing equipment internally.
BOE is one of the very few companies that have witnessed rapid growth in the display panel market. The company focuses on developing technologically advanced products, thereby investing significant amount in R&D. The company is focused on market expansion and strategic client cooperation in new application areas, such as automotive, retail, industrial, healthcare, and education sectors. The revenue of company has hit badly due to the closure of its production units and delayed orders from key customers, such as Huawei. BOE Technology is likely to lose out to Samsung Display in a shipment for handset panels in 2020 as most of China's panel makers are likely to be forced to delay their production due to unsteady supplies of raw materials in the wake of the coronavirus. There has not been any news on the announcements made by the company related to COVID-19; however, its position among industry leaders gives it an edge to recover from the potential revenue loss even if the company does not plan to switch over to a potentially in-demand product line at present.
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
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