Sellbyville, Delaware, April 04, 2018 (GLOBE NEWSWIRE) --
Display Market share is poised to be valued USD 20 billion by 2024, as reported in the latest study by Global Market Insights, Inc. The industry is growing rapidly owing to the growing digitalization and adoption of systems, such as POS and digital kiosks, across applications. Countries including China, India, and Japan are replacing traditional systems by modern and technologically-advanced systems. The demand for touchscreens is also growing with the adoption of these systems, propelling the industry growth.
Display market is characterized by continuous innovations to cater to the changing industrial requirements. Technologies such as Digital Light Processing (DLP), Thin Film Transistor (TFT), and low-temperature poly-silicon LCDs are adding newer features such as color filters to the screens, augmenting the industry growth. Growing demand for smart touchscreen devices, such as intelligent ATMs and smart kiosks, is driving the innovations in the industry.
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Display market is projected to increase rapidly due to the fast adoption of these components in POS applications. To remain competitive in the market, to meet rising demand from customers, and to penetrate untapped markets, vendors are adopting online sales channels for their businesses. Several companies are focusing on replacing their existing physical stores with digital payment systems, accelerating the adoption of POS terminals. Increasing penetration of POS terminals will augment the industry growth over the forecast timespan.
15” POS display market is anticipated to grow rapidly owing to the growing adoption of these systems in retail stores. POS systems are being widely adopted in retail applications for customer relationship management, inventory management, employee management, etc. 15” systems are suitable in several stores as they fit in small spaces and provide comfort to the users of these systems. Above 10” display market is projected to witness a rapid demand surge in ATM applications due to the high adoption of these components in the multifunction ATMs. The deployment of multifunction ATMs is increasing in countries including Brazil, India, and South Africa to replace bank branches with these systems.
Browse key industry insights spread across 550 pages with 924 market data tables & 30 figures & charts from the report, “Display Market Size By Application (ATM [By Display Size {7”, 8”, 10”, Above 10”}, By Resolution {700x340 pixels, 800x600 pixels}], POS Terminals [By Display Size {10”, 12”, 15”, 17”, 19”, 20”}, By Resolution {1024x768 pixels, 1366x768 pixels, 1280x800 pixels}], Kiosks [By Display Size {15” – 17”, 17” – 32”, 32” – 65”, Above 65”}, By Resolution {1024x768 pixels, 1280x1024 pixels, 1920x1080 pixels}]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, Japan, South Korea, India, Taiwan, Malaysia, Hong Kong, Brazil, Mexico, Saudi Arabia, UAE, And South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/display-market
South Korea display market is projected to grow considerably over the next seven years owing to the increasing adoption of touch-screen systems in several applications including cinemas, fast-food restaurants, and convenience stores. Digital kiosks are popping up in the country following trends in North America and Europe. Service providers, such as McDonald’s, are in the forefront of the digital wave in the South Korean industry. For instance, in 2015, the company launched the first digital interactive kiosk, followed by several international food chains, propelling the display market in the country.
Key vendors in the display market include Displax S.A., Fujitsu Ltd., Legacy, Inc., Groupe Nexio Inc., Posiflex Technology, Inc., and Visiontek Products, LLC. Manufacturers face restrictions pertaining to the manufacturing of these components on regional and country levels. For instance, European Union has imposed regulations on the use of hazardous substances such as lead, mercury, cadmium, and hexavalent chromium in electronic components. This encourages the manufacturers to use environmentally-friendly and less-hazardous raw materials.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.