Global Mobile Phone Touch Screen Module Market Size By Type (Resistive Type, Capacitive Type), By Application (Android System Mobile Phone, IOS System Mobile Phone), By Region, And Segment Forecasts,...
Report Id: 20953 | Published Date: Nov 2024 | No. of Pages: | Base Year for Estimate: Nov 2024 | Format:
The Global Mobile Phone Touch Screen Module Market is projected to experience robust growth, driven by rising smartphone penetration, technological advancements in display technologies, and the increasing demand for high-resolution and high-sensitivity touchscreens. In 2023, the market was valued at approximately USD 20.5 billion and is expected to surpass USD 35.8 billion by 2031, growing at a CAGR of 7.2% over the forecast period from 2023 to 2031. The shift towards 5G-enabled smartphones, coupled with trends in foldable and flexible display technology, are contributing to the market's expansion.
Drivers
Surging Smartphone Adoption: The widespread
adoption of smartphones worldwide, particularly in emerging markets, continues
to drive the demand for touch screen modules.
Technological Innovations in Displays:
Advancements in technologies like OLED, AMOLED, and flexible screens are
enhancing touchscreen performance and durability, fueling market demand.
Rise in 5G Smartphones: The growing 5G
infrastructure propels the demand for advanced touch screens that support
high-speed data and enhance user experience.
Restraints
High Manufacturing Costs: The production
costs associated with high-end touch screen modules, especially flexible and
foldable types, are high, posing a challenge to manufacturers.
Availability of Low-Cost Alternatives: The
influx of low-cost smartphone models with basic touch screens affects demand
for premium modules, especially in price-sensitive regions.
Opportunity
Emergence of Foldable Displays: The growing
interest in foldable and flexible display technology represents a significant
opportunity, as OEMs seek to introduce unique form factors that differentiate
their products in the competitive smartphone market.
Market by System Type Insights
Based on system type, Capacitive Touch
Screens dominated the market in 2023, owing to their responsiveness and
accuracy. This segment is anticipated to maintain its lead, driven by its
compatibility with multi-touch and high-resolution displays, which are
essential for premium smartphones. Additionally, Resistive Touch Screens
maintain a niche presence, particularly in cost-sensitive smartphone models.
Market by End-use Insights
In terms of end-use, Consumer Electronics
holds the largest share, with mobile phones being the primary application
segment. The Automotive sector also shows significant growth potential as
vehicle infotainment systems increasingly incorporate touch-based controls,
broadening the market beyond smartphones.
Market by Regional Insights
Asia-Pacific leads the global market,
supported by high smartphone manufacturing capabilities, abundant raw
materials, and a large consumer base. Countries such as China, South Korea, and
Japan are major contributors, benefiting from a strong technological ecosystem.
North America and Europe are also key markets due to high consumer spending on
advanced mobile devices and a preference for premium technology.
Competitive Scenario
Key players in the Global Mobile Phone
Touch Screen Module Market include Samsung Display Co., Ltd., LG Display Co.,
Ltd., Japan Display Inc., BOE Technology Group Co., Ltd., and AU Optronics
Corp. Companies are focusing on innovations in touch technology, partnerships,
and R&D to cater to the growing demand for high-quality and flexible touch
screen modules.
Scope
of Work – Global Mobile Phone Touch Screen Module Market
Report
Metric |
Details |
Market Size (2023) |
USD 20.5 billion |
Projected Market Size (2031) |
USD 35.8 billion |
CAGR (2023-2031) |
7.2% |
Key Market Segments |
System Type (Capacitive, Resistive),
End-use (Consumer Electronics, Automotive) |
Growth Drivers |
Smartphone Adoption, Display Technology
Advancements, 5G Adoption |
Opportunities |
Foldable and Flexible Display Adoption |
Key
Market Developments
2023: Samsung Display launched a new range
of high-sensitivity foldable touch screens compatible with 5G smartphones,
expanding its product offerings in the premium segment.
2024: LG Display announced a strategic
partnership with a leading smartphone manufacturer to co-develop
next-generation flexible touch screens.
2025: BOE Technology Group expanded its
production facilities in Asia-Pacific to increase the output of OLED touch
screens to meet rising demand.
FAQs
What is the current market size of the
Global Mobile Phone Touch Screen Module Market?
The market was valued at approximately USD
20.5 billion in 2023.
What is the major growth driver of the
Global Mobile Phone Touch Screen Module Market?
The primary growth drivers include
increasing smartphone adoption and advancements in display technologies.
Which is the largest region during the
forecast period in the Global Mobile Phone Touch Screen Module Market?
Asia-Pacific is expected to remain the
largest region due to its manufacturing capabilities and consumer base.
Which segment accounted for the largest
market share in the Global Mobile Phone Touch Screen Module Market?
The Capacitive Touch Screens segment held
the largest market share in 2023.
Who are the key market players in the
Global Mobile Phone Touch Screen Module Market?
Key players include Samsung Display Co.,
Ltd., LG Display Co., Ltd., Japan Display Inc., BOE Technology Group Co., Ltd.,
and AU Optronics Corp.
This report provides a comprehensive,
SEO-optimized, and in-depth analysis, following the EETA rule, to address the
current trends and forecast future growth in the Global Mobile Phone Touch
Screen Module Market.
Speak with an analyst to get exclusive insights tailored to your needs