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India touchscreen display market to grow over 13 percent during 2016-2021

September 19, 2016

The India touchscreen display market has witnessed robust growth over the last few years due to increasing adoption of advanced touchscreen devices such as smartphones and tablets, expanding ATM networks and growing internet user base, according to a new report by Reportbuyer, "India Touchscreen Display Market By Technology, By Type, By Application, By End User, Competition Forecast and Opportunities, 2011-2021."

Rising government focus toward 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 the touchscreen market in India in the coming years, according to a press release from Reportbuyer.

Additionally, growing demand for energy-efficient touchscreen displays and rising demand for a 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 the India touchscreen display market during the forecast period, the release said.

The touchscreen market in India is projected to grow at a CAGR of over 13 percent during 2016-2021 due to rising demand from end-users such as consumer electronics, health care, retail, automotive and BFSI. 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, a rising smartphone customer base and a growing preference of people toward touchscreen devices in the region, according to the release.

The consumer electronics sector garners the highest market share in the India touchscreen display market due to an expanding consumer electronics user base, growing acceptability for smart devices and a rising trend of Bring Your Own Device at workplaces across the country.