Global sales of touchscreen films are slated to grow at an incredible pace of around 13.9% CAGR between 2022 and 2032, generating significant revenues by the end of the forecast period. Growth in the market is driven by rising adoption of various types of touch screen films for multiple purposes such as protecting fragile displays from external forces, enhancing brightness, and preventing glare.
Report Attribute | Details |
---|---|
Touch Screen Film Market Projected Growth Rate (2022 to 2032) | 13.9% CAGR |
Touch screen films are highly transparent protective solutions made from various materials. These films are generally used for protecting resistive and capacitive displays or touch panels from scratches, dirt, microbes as well as for customizing brightness of displays and reducing glare.
Over the last few years demand for touch screen films has risen at an incredible pace due to rapid digitalization, increasing production and usage of touchscreen smartphones, and rapid growth of automotive and electronics industries.
Touch screen films are being increasingly used in display screens of gadgets which require a human interface. They offer superior resistance to stains and scratches, reduce reflections, and enhance brightness. Besides this, they are also easy to clean, offer ultraviolet protection, and can play a crucial role in eliminating the chances of getting eyesight problems due to excessive usage of gadgets like smartphones and laptops.
Rising applications of touch screen films in automotive displays, medical equipment, touch screen displays, handheld devices, kiosks, and several other electronic gadget displays is likely to boost the sales of touch screen films during the forecast period.
Moreover, growing focus of manufacturers to develop customizable products for specific applications will further assist in boosting the sales of touch screen films during the assessment period.
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Rising adoption of electronic gadgets such as smartphones, laptops, and tablets, innovations in touch screen films, and increasing production and sales of premium cars with multiple touchscreen displays are some of the major factors driving the growth in touch screen film market.
Touch Screen Films are being widely used in medical devices, industrial touchscreens, automotive displays, and electronic gadget displays to protect them from external hazards, reduce glaring, enhance brightness and control display light. Rising production and sales of these products will therefore continue to provide a strong thrust to the growth of touch screen film market during the forecast period.
Similarly, availability of various touch screen films including scratch resistant films, anti-glare films, advanced light control films, and others will further assist generate growth prospects within the global touch screen film market in the forthcoming years.
In addition to this, compatibility of touch screen films with numerous devices and technologies coupled with advancements in touch screen films is projected to boost their sales in future.
Thanks to these aforementioned factors, the global outlook for touch screen film market is expected to remain optimistic during the forecast period.
Despite rising applications of touch screen films, there are certain factors that are likely to act as restraining forces for market growth. Some of these factors are the high cost of advanced touch screen films and poor penetration of products like mobile phones, laptops, and premium cars with touch screen displays across various underdeveloped regions.
According to Future Market Insights, the Asia Pacific touch screen film market is set to take the top spot in terms of market share during the forecast period. Growth is attributable to the rising proliferation of touch screen smartphones and laptops due to rapidly growing population and rising disposable income across countries like China and India, availability of diverse products at affordable rates, and increasing production and sales of vehicles with large touch screens.
China remains at the epicenter of Asia pacific touchscreen film market growth due to rising sales of touchscreen smartphones, rapid growth of automotive and electronics industries, and ongoing technological advancements across the country.
Moreover, rise in the number of gamers coupled with growing trend of online education across China and India will further create sales prospects for touchscreen films during the assessment period. These touch screen films are being increasingly used for adjusting the light and brightness of electronic devices.
Western Europe accounted for a significant share of the global touch screen film market in 2022 and is projected to grow at a healthy CAGR over the forecast period, with Germany expected to steer the bulk of all regional growth. Increasing adoption of touch screen films for various purposes coupled with rapid expansion of end-use verticals is keeping sales of touch screen films afloat across Europe.
Countries like the United Kingdom and Germany are witnessing the majority of touch screen films demand due to growing adoption of electronic gadgets with touchscreens including smartphones, laptops, and medical devices. Moreover, rising popularity of premium cars across these countries is positively impacting the growth of touch screen film market.
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Some of the key participants present in the global touch screen film market include 3M Company, Pro Display, Dunmore Corporation, Touch International, Inc., Holitech USA, Glimm Screens International, and Dawar Technologies among others.
These leading players are constantly upgrading their product portfolios by introducing innovative touch screen films with better features such as stain & chemical resistance, ultra-violet protection, and excellent anti reflection property. Besides this, they are adopting growth strategies such as mergers, partnerships, price reduction, strengthening of distribution channels, and digital marketing to increase their customer bases and gain a competitive edge in the market.?
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 13.9% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Film Type, Application, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
Key Companies Profiled | 3M Company; Pro Display; Dunmore Corporation; Touch International, Inc.; Holitech USA; Glimm Screens International; Dawar Technologies |
Customization | Available Upon Request |
FMI projects the global touch screen film market to expand at 13.9% CAGR over the forecast period from 202 to 2032.
As per FMI, Asia Pacific is expected to remain the most lucrative market for touch screen films during the assessment period.
3M Company, Pro Display, Dunmore Corporation, and Touch International, Inc. are some prominent touch screen film manufacturers
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