Nov 30 2013
Research and Markets has announced the addition of the "Global Touch Panel Display Market 2012-2016" report to their offering.
The analysts forecast the Global Touch Panel Display market to grow at a CAGR of 17.7 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of smartphones and tablets. The Global Touch Panel Display market has also been witnessing the increasing preference for single glass touch panel displays. However, the high cost of glass touch panel displays could pose a challenge to the growth of this market.
The key vendors dominating this market space are Chimei Innolux Corp., Nissha Printing Co. Ltd., TPK Holding Co. Ltd., Wintek Corp., and Young Fast Optoelectronics Co. Ltd.
Other vendors mentioned in the report are AimCore Technology Co. Ltd., eGalax-eMPIA Technology Inc., J Touch Corp., and Sintek Photronic Corp.
Commenting on the report, an analyst from the team said: Vendors in the market are currently shifting their focus from double glass touch panel displays and thin film touch panel displays to single glass touch panel displays and in-cell touch panel displays. Since double glass touch panel displays are expensive and highly prone to damage, many touch panel display manufacturers are adopting thin film touch panel displays. Further, single glass touch panel displays and in-cell touch panel displays are considered the next-generation touch panel displays. Vendors are increasingly adopting single glass touch panel displays as such displays are attributed with features such as high transmitting capabilities and low cost. Apple is in the process of adopting in-cell touch panel displays for its next-generation iPhones because of their higher yield rate when compared to double glass touch panel displays and single glass touch panel displays. Thus, the increasing preference for single glass touch panel displays is one of the major factors contributing to the growth of the market.
According to the report, one of the main drivers in this market is the increasing adoption of smartphones and tablets. As a result of the increased functionality provided by smartphones when compared to feature phones, smartphones are gaining immense popularity among consumers. Tablet PCs are also rapidly emerging as next-generation computing devices, owing to their high flexibility and enhanced functionality. Factors like these have led to the increasing adoption of smartphones and tablet PCs. Their adoption is expected to increase further during the forecast period, thereby increasing the demand for touch panel displays.
For more information visit http://www.researchandmarkets.com/research/dfcxz2/global_touch
Source: http://www.researchandmarkets.com/