Touch Screen Display Market Size, Share, Growth Analysis, By Screen Type(Capacitive Touch, Screens Resistive, Touch Screens, Surface Acoustic Wave Type Displays), By Application(Personal Use, Professional Use), By Region - Industry Forecast 2024-2031

Global Touch Screen Display Market size was valued at USD 65.6 billion in 2019 and is poised to grow from USD 70.84 billion in 2023 to USD 163.1 billion by 2031, growing at a CAGR of 8% in the forecast period (2024-2031).

A touch screen display helps the user to interact with the device using a finger or a stylus wherein the touch acts as the mode of input and the display provides the output for the commands given, these are of different types. The increase in the usage of touchscreen-based technology among the population is going to be the major factor that will influence the growth of the global touch screen display market. Growing technological developments and rising demand for more accessible user interface are anticipated to boost the touch screen display market during the forecast period. Additionally, features including superior picture quality, low power consumption, accessibility, the development of sleek models, and an increase in discretionary incomes are crucial factors propelling the growth of the touch screen display market.

The global touch screen display market faced a pitfall during the Covid-19 pandemic. This was due to the implementation of lockdown that resulted in the closing down of a large number of manufacturing units, resulting in a decline in production. The demand was not met hence the global touch screen display market faced a bit of stress during this period. Governments and key players in the market came up with safety regulations that helped in resuming the manufacturing units. Also, key players identified the right audience that needed to be targeted, which helped surge the sales of touch screen devices and is expected to boost market growth in the years to come.

US Touch Screen Display Market is poised to grow at a sustainable CAGR for the next forecast year.