Commercial Touch Display Market Trends

  • Report ID: 6644
  • Published Date: Nov 05, 2024
  • Report Format: PDF, PPT

Commercial Touch Display Market Trends

Growth Drivers

  • Increasing demand for interactive displays in retail: As retailers progressively focus on producing more personalized, engaging, and immersive shopping experiences, touch displays have become essential tools for enhancing customer interaction and satisfaction. Interactive displays allow shoppers to be involved with digital content, make purchases, and discover product information all with a seamless interface. This not only improves the store experience but also offers retailers valuable data on consumer preferences and behavior it also allows them to customize offerings in real time.

    For example, in June 2023, Samsung came up with the Samsung Kiosk, an all-in-one self-service solution that integrates card payment options, a high-definition touch display, and real-time product recommendations. Retailers can use this development to streamline checkout processes which encourage specific products and advance customer service efficiency. Furthermore, in June 2023, LG Electronics established advanced interactive digital signage solutions such as its 55-inch transparent OLED touch display which allows consumers to see digital content on physical products, improving the shopping experience by developing physical and virtual retail surroundings.
  • Development of smart classrooms and e-learning: As educational institutions gradually adopt innovative technologies to boost teaching and learning experiences globally. With the rise of digital education, universities, schools, and training centers are integrating touch displays to foster more collaborative, engaging, and efficient learning settings. These interactive displays frequently combined with software for virtual teamwork allow students and teachers to work together in real time, either in person or remotely, thereby improving both understanding and retention of information.

    In August 2022, Promethean Limited, a leading brand in interactive education technology announced its ActivPanel 9, providing multi-touch capabilities customizable interfaces, and innovative screen-sharing features that cater to hybrid learning models where students can take part in class and online simultaneously. The integration of cloud-based teamwork tools with touch technology permits real-time feedback and engagement, making the learning experience more interactive and student-centered.  

Challenges

  • Affordability and scalability challenges: The increase in demand puts huge pressure on manufacturers to stay competitive by adopting cutting-edge technologies, which require significant investment. As these technologies offer improved performance, they also present challenges in terms of affordability and scalability for the broader commercial market. Companies face problems in adopting innovative features such as multi-touch capabilities, higher refresh rates, and integrated sensors (such as biometric or ambient light), which further increase research and development as well as production costs.     
  • Heat dissipation issues: Effective and efficient heat management is critical for upholding the performance and longevity of displays. Touch screens are often placed in industrial environments and the public, they are ideally for prolonged use which generates significant heat. If not dissipated properly, this heat can damage components which later cause screen failures or decrease the display responsiveness and general lifespan. As demand for brighter and larger displays continues to grow across several sectors such as education, retail, and transportation challenges in managing heat effectively without cooperating on display performance or affordability are becoming progressively important for manufacturers in the commercial touch display market.

Commercial Touch Display Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

9.4%

Base Year Market Size (2024)

USD 6.3 billion

Forecast Year Market Size (2037)

USD 20.2 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 6644
  • Published Date: Nov 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The commercial touch display market size was USD 6.3 billion in 2024.

The global commercial touch display market size was USD 6.3 billion in 2024 and is likely to reach USD 20.2 billion by the end of 2037, expanding at a CAGR of 9.4% over the forecast period, i.e., 2025-2037.

Samsung Electric Co. Ltd., Sharp Corporation, LG Display Co., Ltd., and BOE Technology Group Co., Ltd. are some key players in the market.

The full HD segment is expected to hold a leading share during the forecast period.

North America is projected to offer lucrative prospects with a share of 26.9% in 2025.
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