The Europe Touch Panel market is projected to reach US$ 71.82 million by 2027 from US$ 39.40 million in 2019; it is expected to grow at a CAGR of 8.2% from 2020 to 2027.
The Europe Touch Panel market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
The Touch Panel market is likely to witness rapid growth in Europe during the 2020–2027. A few of the key factors supporting this growth are increase in immigrant population, rise in adoption of e-passports, and surge in international air passenger traffic across the region. Moreover, the technological advances, including OCR, are likely to boost the demand for Touch Panels in the region during the forecast period.
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The increase in number of outbound tourists and rise in airport construction and expansion activities, especially in developing countries, are the major factors driving the market growth in this region. For instance, in February 2020, a trial of BorderXpress biometric kiosks offered by Innovative Travel Solutions (ITS) was completed at Iceland’s Keflavik International Airport, and it was further conducted at Cork Airport in Ireland, in 2019. According to CAPA, over 300 individual projects are under construction in Europe, including Russia. Such investments are expected to drive the demand for Touch Panels during the forecast period.
These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand for immunochemistry assays in the market.
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EUROPE TOUCH PANEL MARKET SEGMENTATION
Europe Touch Panel Market, by Technology
Europe Touch Panel Market, by Type
- Swipe Readers
- Self-Service Kiosks
- Compact Full-Page Readers
- Portable Readers
Europe Touch Panel Market, by Application
- Airport Security
- Border Control
Europe Touch Panel Market, by Sector
- Rest of Europe
- Adaptive Recognition Hungary, Inc.
- Thales Group
- Access Ltd
- DESKO GmbH
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