According to “India Touchscreen Display Market By Technology, By Type, By Application, By End User, Competition Forecast and Opportunities, 2011 - 2021”, 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. South India dominated the country’s touchscreen display market in 2015 and the region is anticipated to continue its dominance in the coming years as well, on account of increasing government projects, rising smartphone customer base and growing preference of people towards touchscreen devices in the region.
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. Rising 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.
India touchscreen display market was dominated by LCD type touchscreen displays in 2015 and the segment is anticipated to continue its dominance in the coming years, owing to growing application of LCD technology in various end use sectors. The smartphones segment is the largest demand generator for touchscreen displays in India, on account of consistently increasing number of touchscreen smartphone users in the country. Smartphone user base in India is anticipated to grow from 166 million in 2015 to over 300 million by 2021. Consequently, smartphone segment is anticipated to continue its dominance in India touchscreen display market during the forecast period.