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Touchscreen Market in India Projected to Grow at a CAGR of Over 13% by 2021
Published: Sep 07,2016According to Research and Markets, the touchscreen market in India is projected to grow at a CAGR of over 13% during 2016-2021, on account of rising demand from various end users such as consumer electronics, healthcare, retail, automotive, BFSI, etc.
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India touchscreen display market has witnessed robust growth over the last few years, on account of increasing adoption of advanced technology based touchscreen devices such as smartphones and tablets, expanding ATM network and growing internet user base.
Research and Markets noted that rising India government focus towards building high class infrastructure facilities, increasing investment for improvement of public infrastructure, and growing adoption of interactive digital signage and multi-touchscreens in public spaces are further anticipated to fuel touchscreen market in India in the coming years.
Moreover, growing demand for energy efficient touchscreen displays and rising demand for high degree of picture clarity and brightness are driving huge investments in R&D for touchscreen displays in the country. This is anticipated to propel growth in India touchscreen display market during the forecast period.
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