-- Display market is expected to grow over the forecast time span due to growing adoption of touch-enabled screens in retail applications. The brick-and-mortar retailers are increasingly adopting touch-screen systems to enhance customer interaction to remain competitive in the industry. The touch-enabled kiosks are being adopted to a large extent as these systems allow the customers browse through different product offerings easily. This is encouraging the retailers to increasingly implement these systems, positively impacting the industry growth.
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Growing penetration of e-commerce, online payments, and mobile payments is anticipated to bode well for the display market in POS applications. Several economies including China, India, Japan are shifting toward cashless economies. Initiatives such as demonetization and digitization in India have resulted in the large-scale adoption of POS systems, accelerating the industry growth. POS system manufacturers are investing increasingly in providing end-to-end encryption solutions to process payments safely and securely. This is encouraging the end users to use POS systems, which is expected to augment the display market.
The 1024x768 pixels display market is expected to witness fast growth over the forecast time span owing to the high degree of vision comfort offered by the devices with this resolution. The system operators are exposed to high-brightness screens throughout the day and it becomes very important to ease their vision while operating these systems. 1024x768 pixels resolution provides high clarity and visibility, thus propelling the 1024x768 pixels industry growth.
The 10” ATM display market is projected to grow rapidly over the forecast time span due to increasing deployment of multi-function ATMs. The banks and financial service providers are focusing on the deployment of multi-function ATMs to decrease the number of branches and enhance the functionality of the existing ATMs. 17” – 32” kiosk display market is expected to grow significantly owing to the high quality offered by these devices and lower space requirements in small places such as retail stores.
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Asia Pacific to be one of the significant regions witnessing high adoption of display technology in retail, entertainment, healthcare, and hospitality sectors. The growing need to upgrade and replace the existing old machines especially in the countries such as China, India, and South Korea is fueling the display market growth in Asia Pacific belt.
Add to it, the initiatives such as demonetization and digitization that have been undertaken by the Indian government are expected to further fortify display industry share. Analysts deem that rising implementation of these systems to reduce error and improve profitability has been the key propeller of display technologies adoption in the region. Contemplating on these newer adoption of display technologies, the regional semiconductor & display vendors are seen rapidly expanding their manufacturing capabilities to cater increase in product demand & annual sales.
Prominent companies that have expanded their reach in the global display market are Fujitsu Limited, Displax S.A., Aplus Display Technology, Co., Ltd., Advantech Co., Ltd., and Ingenico Group. Vendors such as Ingenico Group, NCR Corporation, and NEC Corporation. With the steadily growing industry, the display market players are investing in R&D to gain a competitive advantage.
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Table of Contents (ToC) of the report:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.1.4.1. Definitions
1.1.4.2. Assumptions, methodology & forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Display industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Application trends
2.1.4. Display size trends
2.1.5. Resolution trends
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