India Touch Screen Controllers Market is expected to grow at a CAGR of 13.08%
Rising Demand for Smartphones and Tablets and Growing Use of
Touch Screens in Automotive Applications are factors driving the Global Touch
Screen Display Market in the forecast period 2025-2029.
According to TechSci Research report, “India Touch Screen
Display Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the Global Touch Screen
Controllers Market is expected to register robust growth during the
forecast period. Significant adoption of signage and interactive displays by various
industry verticals, including, healthcare, education, sports and entertainment
for the purpose of branding, advertisement and broadcasting has influenced the
Indian Display market positively. The successful adoption of digitalization
such as such as automation, artificial intelligence (AI), the Internet of
Things (IoT) across various industries in India, promote substantial adoption
of Organic Ligth Emitting Diodes (OLED) and Light Emitting Diode (LED) displays
adn replacement of Liquid Crystal Display (LCD) and Cathode Ray Tube Displays
in various applications for TVs, video wall, and digital signage applications,
thereby accentuate the demand for India Displays market. The next-generation
display solutions are offering depth perception to the viewers, and in
addition, the promising deployment of breakthrough sensor technology and
collaboration displays such as Electroluminescent Displays across corporate
offices, educational institutions, government organizations, along with
residential arenas are deliberately turning vision into reality, resulting in
the growth of the India Displays Market. In order to create bespoke projective
capacity, leading brands such as Samsung, Huawei Technologies Co., Ltd., Vizio
Inc. and more are constantly striving for various displays innovation in
finished products, including smartphones, TVs, and various electronic
solutions, which eventually promote the growth of the Indian Display market.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "India Touch ScreenControllers Market.”
Based on End-User, The Consumer Electronics segment
emerged as the dominating segment in 2023. Consumer electronics is one of the
market's most essential and significant segments. The fast-paced demand for new
and innovative products has seen touch screens being embraced by multiple
products. Mobiles, tablets, wearables, laptops, and PCs are among the few
consumer electronic products that have adopted touch capabilities on a broader
scale. Recently, products such as refrigerators, washing machines, copiers,
etc., all have been equipped with touch-enabled interfaces to offer a better
consumer experience and create a differentiated demand.
Considering the increasing acceptance of
touchscreen technology, most vendors include this technology in consumer
electronic devices, such as cameras, portable music players, exercise
equipment, doorbell video monitors, etc., which positively impacts the demand
for touchscreen controllers. For instance, in July 2022, Xiaomi, a leading
consumer electronics company, launched Smart Home Screen 6 with a 5.45-inch
touchscreen display with a 960 x 480 px resolution.
The competition in the wearables segment
is expected to grow as it has become more affordable. Furthermore, the
increased functionality, such as calling, SMS tracking, etc., being
incorporated into these devices is also driving their sales. With the touchscreen
feature increasingly taking place in the wearables industry, its growth is
expected to positively impact the touchscreen controller market.
Furthermore, smartphone adoption
increased significantly in recent years. According to Ericsson, in 2021,
smartphone subscriptions reached 6,340 million globally. Foldable mobile phones
are expected to increase competition in the market for controllers that support
these systems. 5G devices are expected to sustain further mobile device growth
and boost the market segment's demand.
Based on Region, North India is
projected to dominate the market throughout the forecast period. The
North India is analysed to be $ 2.99 Billion in 2021, and is successfully
contributing towards the growth of Displays Market in India, and is also
estimated to grow at a CAGR of 11.54% during 2022 to 2027. The prominent
support from the Government of India, eminent scientific research and sizable
investment in various sectors, including, healthcare, agriculture, and space
research, have incurred a noteworthy opportunity for the India Displays
Industry. In addition, Uttar Pradesh has emerged as a primary hub for IT &
ITeS industries, such as software, electronics, business process outsourcing
(BPO)and others. The impact of the Modi government's PLI
(Production-Linked-Incentive)scheme promoted the contribution of manufacturing
sectors, and received a great response from many global industries earlier,
such as Samsung from South Korea, Pegatron, Wistron, Foxconn and Hon Hai from
Taiwan, and others. In July 2021, the Digital India campaign with the
initiative of Yogi Adityanath government has gained immense momentum as there
are massive investment in the information technology (IT) sector in the Uttar
Pradesh state. The renowned companies such as Vivo, Oppo, Samsung, Formi and
Lava are all set to invest for their state-of-art manufacturing their units in
the state.
Key market players in the India Touch
Screen Controllers Market are: -
- Samsung
Electronics Co., Ltd.
- LG Corporation
- Sharp Corporation
- Innolux
Corporation
- BOE Technology
- Sony Group
Corporation
- AU Optronics
- Videocon
Industries Limited
- Dixon
Technologies
- Minda Industries
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“The touch screen display market in India
is experiencing robust growth, driven by various key factors. Firstly, the
increasing smartphone penetration in the country fuels demand for touch screen
displays, as consumers seek intuitive and interactive interfaces. The expansion
of digitalization initiatives and the adoption of smart devices contribute to
this trend, creating a burgeoning market for touch screen technologies. The
automotive sector in India is also a significant driver, with a growing
emphasis on advanced infotainment systems featuring touch screens.
Additionally, the rise of e-commerce and the modernization of retail outlets
lead to a higher demand for touch screens in point-of-sale terminals and
interactive displays, enhancing customer experiences. Government initiatives,
such as the "Digital India" campaign, stimulate the integration of
touch screen displays in various sectors, including education and healthcare.
Interactive displays in classrooms and digital healthcare solutions contribute
to the rising demand for touch screen technology. The gaming industry's
popularity, coupled with an increasing number of internet users, further boosts
the market, as gaming consoles and interactive entertainment systems become
prevalent. As the cost of touch screen technology decreases and manufacturing
capabilities expand, the Indian touch screen display market is poised for
continued growth, driven by a confluence of technological advancements,
consumer preferences, and diverse industry applications.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“India Touch Screen
Display Market Segmented by Type (Capacitive, Resistive), By Application
(Residential, Commercial, Industrial), End-user (Industrial, Healthcare,
Consumer Electronics, Retail, Automotive, BFSI, others), By Region, and By Competition, 2019-2029F” provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in Global Touch Screen Controllers Market.
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