India Touchscreen Display Market to Surpass USD 3.8 Billion until FY2026

INDIA TOUCHSCREEN DISPLAY MARKET

FORECAST & OPPORTUNITIES

FY2016 – FY2026

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

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Scope of ReportProduct of Interest (POI): Touchscreen Display

Review Period

FY2016 – FY2019

Base Year

FY2020

Estimated Year

FY2021

Forecast Period

FY2022 – FY2026

Year RangeIndia Touchscreen Display Market

TYPE

• Smartphone

• TV & Monitors

• Tablets

• Laptops & Notebooks

• Digital Signage

• Others

• LCD

• LED

• OLED

• Others

END USER

APPLICATION

• Consumer Electronics

• Retail

• Healthcare

• BFSI

• Others

A touchscreen or touch screen is the assembly of both an input and output device. The touchpanel is normally layered on the top of an electronic visual display of an information processingsystem. The display is often an LCD or OLED display while the system is usually a laptop, tablet, orsmartphone.

Market Segmentation

TECHNOLOGY

• Resistive

• Capacitive

• Infrared

• SAW

• Others

REGION

• North

• East

• West

• South

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Table of Contents

S. No. Contents

1. Introduction (Definition of product and major terminologies used in the report)

2.Research Methodology (Detailed description of the methodology used to conduct the research, Rawdata backup, list of all secondary sources, List of respondents for primary surveys)

3. Executive Summary(This chapter covers summary of the complete study)

4. Impact of COVID-19 on India Touchscreen Display Market

5. India Touchscreen Display Market Overview

6.

India Touchscreen Display Market Outlook, FY2016-FY2026F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.)

6.1. Market Size & Forecast

6.1.1. By Value (USD Million) & Volume (Million)

6.2. Market Share & Forecast

6.2.1.By Application (Smartphone, TV & Monitors, Tablets, Laptops & Notebooks, Digital Signage, Others)

6.2.2. By Technology (Resistive, Capacitive, Infrared, SAW, Others)

6.2.3. By Type (LCD, LED, OLED, Others)

6.2.4. By End User (Consumer Electronics, Retail, Healthcare, BFSI, Others)

6.2.5. By Region (South, West, East, North)

6.2.6. By Company (FY2020)

6.3 Product Market Map (By Application, By Technology, By Type, By End User, By Region)

4

Table of Contents

S. No. Contents

7. India LCD Touchscreen Display Market Outlook




7.2.1. By Application

7.2.2. By End User

8. India LED Touchscreen Display Market Outlook





8.2.2. By End User

9. India OLED Touchscreen Display Market Outlook





9.2.2. By End User

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Table of Contents

S. No. Contents

10. Market Dynamics (This chapter assesses the major demand drivers and restraints.)

10.1. Drivers

10.2. Challenges

11.Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development)

12. Policy & Regulatory Landscape

13. Value Chain Analysis

14. Import Export Analyse

15. India Economic Profile

16. Competitive Landscape

16.1 Competition Outlook

16.2. Company Profiles

16.2.1. Company Details

16.2.2. Products & Services

16.2.3. Financials (As Reported)

16.2.4. Key Market Focus & Geographical Presence

16.2.5. Recent Developments

16.2.6. Key Management Personnel

6

Table of Contents

S. No. Contents

17.Strategic Recommendations(Based on the findings of the report strategic recommendations on how to enter and expand market share)

18. About Us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the India touchscreen

display market, overall market size and segmental

market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the India touchscreen

display market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of India touchscreen display market. The team has

analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing demand for

consumer electronics such as smartphone, television, and laptops, among others. The study includes market forecasting, which would

enable our clients to take better decisions while planning their strategy to achieve sustainability in India touchscreen display market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year FY2020 was calculated based on information collected through

exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as touchscreen display

manufacturers, channel partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 touchscreen display companies, 100 – 120 end users, and 15 – 20 industry experts and other

value chain stakeholders in the India touchscreen display market to obtain the overall market size from FY2016-FY2020, which was

validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the

market size data from FY2016-FY2020.

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• Respondents were asked about the current and future market growth rates, market shares by application, by technology, by type, by end

user and by each region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares

generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various

segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by application, by technology, by type, by end user and by each region were calculated based on the responses received

through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from

various product types of touchscreen display markets. The final shares were calculated by taking the geometric mean of the responses

gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India

touchscreen display market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the

United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ 3M India Ltd.

▪ Samsung India Electronics

▪ LG Electronics India Pvt. Ltd.

▪ Shard (Business) Systems India

▪ Fujitsu India Private Limited

▪ Xiaomi Technology India Private Limited

▪ BBK Electronics

▪ NEC India Pvt. Limited

▪ Palas Software Pvt

▪ Oasis Touch technologies

▪ World Bank

▪ International Monetary Fund (IMF)

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

According to TechSci report on, “India Touchscreen Display Market By Application (Smartphone, TV & Monitors, Tablets, Laptops & Notebooks,

Digital Signage, Others), By Technology (Resistive, Capacitive, Infrared, SAW, Others), By Type (LCD, LED, OLED, Others), By End User

(Consumer Electronics, Retail, Healthcare, BFSI, Others), By Region, Competition, Forecast & Opportunities, FY 2026”, India touchscreen

display market was valued at USD 1.83 Billion in FY2019 and is projected to grow at CAGR of around 11% during FY2021 – FY2026

predominantly due to increased electronics manufacturing. The growing digitalization era has established the need for better touchscreen

modulated smartphones and emphasis by the government electronics manufacturing is driving the India touchscreen market through FY2026.

Furthermore, launch of schemes such as Ministry of Electronics Manufacturing Clusters (EMC 2.0) would help to overcome the challenges that

industries are facing thus making India an electronics manufacturing hub.

The market shows an increasing demand for energy efficient touchscreen displays, high resolution of picture clarity and brightness; thereby,

inviting huge investments in research and development of touchscreendisplays. In addition, central government has launched Production Linked

Incentive (PLI) Scheme that will attract largescale investments for domestic manufacturing of goods. All the while, the industry is looking forward

to overcoming struggles of lack of infrastructure and inadequate domestic supply chain and logistics.

India touchscreen display market is segmented based on product type, application, technology, end user and region. Based on application, the

market can be categorized into smartphones, TV & monitors, tablets, laptops & notebooks, digital signage, and others. Among them, the

smartphone segment dominated the market with share of 52.36% in FY2020 and is expected to continue its position during the forecast period as

well. This growth can be attributed to increased demand of the product, new product launches and increased disposable income. Also, India is

the second largest manufacturer of smartphones, globally. The progressive design of digital India would impact the touchscreen display market in

India until FY2026.

3M India Ltd., Samsung India Electronics, LG Electronics India Pvt. Ltd., Shard (Business) Systems India, Fujitsu India Private Limited, Xiaomi

Technology India Private Limited, BBK Electronics, NEC India Pvt. Limited, Palas Software Pvt., Oasis Touch technologies, among others,

among others are some of the leading players operating in India touchscreen display market. These market players are focusing more on

strategic partnerships in order to expand their reach and maintain their competitive position in the market.

“India touchscreen display market is expected to witness significant growth during the forecast period. Government support in the form of

Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) will support the electronics manufacturing of

electronic components. This will help immensely with the financial roadblocks of domestic manufacturing of electronic components and

semiconductors. With a hefty financial aid of 25% on identified electronic goods the market can achieve high value added manufacturing and

further research and developments of the involved technologies.,” said Mr. Karan Chechi, Research Director with TechSci Research, a researchbased global management consulting firm.

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Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00

FY2016 FY2020 FY2021E FY2026F

By Value (USD Million)

By Volume (Million)

India Touchscreen Display Market Size, By Value (USD Million), By Volume (Million), FY2016–FY2026F

CAGR By Value & Volume

XX%CAGR By Value & Volume

YY%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021E

FY2022F

FY2023F

FY2024F

FY2025F

FY2026F

Smartphone TV & Monitors Tablets Laptops & Notebooks Digital Signage OthersIndia Touchscreen Display Market Share, By Application, By Value, FY2016–FY2026F

30%30%30%30%30%30%30%30%30%30%30%

30%30%30%30%30%30%30%30%30%30%30%

10%10%10%10%10%10%10%10%10%10%10%

20%20%20%20%20%20%20%20%20%20%20%

10%10%10%10%10%10%10%10%10%10%10%

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021E

FY2022F

FY2023F

FY2024F

FY2025F

FY2026F

Consumer Electronics Retail Healthcare BFSI Others

India LCD Touchscreen Display Market Share, By End User, By Value, FY2016–FY2026F

14

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FORECAST & OPPORTUNITIESFY2016 – FY2026

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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