A touch panel is a sensor type input device manufactured by fabricating a transparent electrode on a substrate of glass or film. The touch panel is typically used in conjunction with a display device such as an LCD. It is an interface between the human and the machine. The use of a touch screen eliminates the need to use a keyboard, mouse and other hardware components. This allows the reduction of cost and size of electronic devices. Moreover, the easy-to-use nature of touch screen devices makes them suitable for users of all ages. Thus the demand for the touch panels is rising owing to the high demand for touch screen devices across households and various industrial verticals.This growth is primarily driven by The Rising Consumer Electronics Market Is the Key Driver and Manufactures Are Replacing Buttons with a Touch Screen Since It Makes a Device Smaller.
Globally, a noticeable market trend is evident Scratch Resistant, Waterproof Screens Are Trending. Major Players, such as Samsung (South Korea), MELFAS (South Korea), Fujitsu (Japan), Iljin Display (South Korea), Panasonic (Japan), Futaba Corporation (Japan), Noritake Co (Japan), Newhaven Display International, Inc. (United States), WINSTAR Display Co., Ltd. (Taiwan) and SKY-Technology B.V. (Netherlandss) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- The Rising Consumer Electronics Market Is the Key Driver
- Manufactures Are Replacing Buttons with a Touch Screen Since It Makes a Device Smaller
- Scratch Resistant, Waterproof Screens Are Trending
- Device Design and High Power Consumption Is Limiting the Market
The Emergence of Touchscreen Functionalities in Automotive and Developments of Self-Service Kiosks Will Raise Demand for touch panels
High Cost and Complex Design
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