Looking Beyond COVID-19: Industrial Touchscreen Forecast
As we all try to look beyond the short-run implications to identify the long term risks and opportunities of COVID-19, industries are doing their best to predict when and how quickly markets will recover. UICO expects to see an acceleration of trending away from resistive touch and towards PCAP and is predicting a minimal three-year delay before a return to pre-COVID market sizes and related growth rates. This would come after an assumed 10% decline in 2020, followed by a 5% increase in growth in 2021 and 2022, and then a return to a delayed, yet more normal growth trajectory in 2023. Let's delve into the Industrial Touchscreen Forecast for the years ahead.
As UICO analyzes the market resurgence within the next coming years, we recognize the importance of understanding the industrial touchscreen forecasts and dynamics, along with breaking them down by vertical markets, screen size, and technology for better insights.
Industrial Touchscreen Forecast
Over 90% of the industrial touchscreen market is shared by the following subsegments: medical, kiosks, point of sale (POS), and general industrial (a catch-all category for applications that do not align with the others). We are also seeing an increase in the adoption of autonomous delivery vehicles, and with that, the need to interact with a touchscreen that can handle harsh outdoor environments like rain, snow, sleet, or hail.
Additionally, we are seeing a pickup in demand from existing and new customers relating to touch screens in a medical space, especially as the concern over surfaces that can be easily disinfected leads to the adoption of touch screens that can be cleaned and operated with multiple types of gloves. While there can be some minor fluctuation in the relative volumes of these vertical markets, the mix is not expected to change drastically within the next five years -- even while accounting for COVID-19.
Touchscreen size is also expected to stay standard, with industrial touchscreens smaller than 10” representing about 80% of the total market. Meanwhile, the 10” to <20” is expected to represent only about 15%, with larger screens making up the remaining 5%.
Finally, as we break down the forecast by technology, PCAP is expected to take more than half of the growing industrial touchscreen market. PCAP represented 54% of the market by volume as of 2019 and is expected to grow by over 60% by 2025, especially as resistive screens are increasingly displaced. And from 2020 to 2025, over 300 million PCAP touchscreens are expected to be shipped to the global industrial market.
UICO has been serving industrial verticals for over a decade. We will maintain our commitment to the industrial space and expect to see a continued tailwind as the world moves away from direct person to person contact and toward one augmented with a touchscreen that respects social distance and allows remote services to be performed. Continuing to analyze industrial forecasts is what allows us to look comfortably into our future as a company, and additionally, it allows us to continue providing you with sophisticated & secure technology.
For questions or inquiries, please reach out to Tersa Harper at firstname.lastname@example.org
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