Faster Adoption of Smartphones Augments Demand for Retail Touchscreen Displays across Various Sectors


Published Date : Oct 01, 2018

Albany, New York, Oct 1, 2018: The global retail touchscreen display market is forecast to exhibit a steady growth during 2018 -2 2026, owing to the rise in advertisement from retail stores. MarketResearchReports.biz has recently added a market study, titled “Retail Touch Screen Display Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026” on their website and is up for sale, offers important insights into the growth trajectory of the market.

The report provides various drivers and restraints that are anticipated to influence the global retail touchscreen display market. Apart from this the report caters growth outlook for the market. The report carries a complete overview of the market, thus providing clear picture to the readers, eradicating doubts. The report provides company profiles of all the leading companies in the market.

The global retail touch screen display market is majorly driven by factors such as rise in use of touchscreen devices accompanied with rise in spending on electronic devices by consumers.

Efficiency along ease of access of these devices is favoring the growth of the market. Rapid advancement of technology has had a positive impact on the touch screen displays, thus making it more user friendly. Increasing popularity of iPad and android devices accompanied with low display cost is helping the market to grow.  

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Ongoing trends such rise in demand for multi touch technology in touchscreen is likely to enhance the user experience thus bolstering the growth of the market in the coming years. Multi touch panel technology is attracting the customers to touch screen displays, these factor is compelling manufacturers to produce multi-touchscreen functionalities. However it has been noticed that due to high cost of raw materials the production cost for retail touch increases, this is likely to deter the growth of the market.

The global retail touch screen display market can be classified on the basis of applications, technology, and geography. On the basis of technology, the market can be divided into capacitive technology, infrared technology, acoustic technology, optical technology, embedded technology, and resistive technology. The capacitive technology can further segregated into surface capacitive technology and capacitive technology.  Resistive touch technology and capacitive touch technology are likely to dominate the market. On the basis of application the market can be divided into banking kiosk, self service center, signature capture, portable devices, check-in/check-out kiosk, and point of sale equipment.

On the basis of geography, North America is predicted to witness a significant growth due to rapid adoption of high technology coupled with rising demand for wearable technology and sharp picture quality. This region is likely to lead the market in years to come due to presence of major players in the region. Asia Pacific is likely to exhibit stupendous growth due to faster adoption of smartphones along with availability of raw materials.

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