The global multi-touch screen market is projected to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for consumer electronic devices enabling with a multi-touch screen such as tablets and smartphones.
Multi-touch screen is an electronic device that has a combination of techniques and is widely used for communication and interaction that enable its operations by using various fingers. It allows multiple touch on the surface (touchscreen or a touchpad) using multiple fingers to perform several task at the same time. The multi-touch screen is a high capacitive touch technology that offers an excellent solution to replace the needs for keyboards, mouse, and keypads in a system.
Market Drivers, Restraints, Trends, and Opportunities
- Growing acceptance of touch panel displays and an increasing demand for electronic devices are projected to fuel the expansion of market.
- Rising trend of media applications in several industries is expected to increase the market growth.
- Increasing investments from key players and corporate users are predicted to expand the market growth.
- Expanding innovative technology of electronic display devices is anticipated to propel the market expansion.
- Lack of availability and price fluctuation of raw materials are expected to hamper the market growth during the analysis period.
- Ongoing research and development by some market players is presenting numerous opportunities for the expansion of market.
Scope of the Report
The report on the global multi-touch screen market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in the report.
Multi-touch Screen Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Technology (Capacitive, Infrared, Optical, and Resistive), Devices (Smartphones, Tablets, TV, POS Systems, Gaming Systems, and Large Displays), Applications (Consumer Electronics, Education, and Retail)
Asia Pacific, Latin America, North America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Growth Factors, Competitive Landscape, and Trends, and Revenue Forecast
Key Players Covered in the Report
3MCompany, Freescale Gigabyte, DISPLAX Interactive Systems, Microsoft Corporation, LG Display, Corning Inc., Cypress Semiconductor Corporation, Wintek Corporation. Atmel Corporation, Fujitsu Ltd., Samsung, and Synaptics Incorporated
Global Multi-touch Screen Market Segment Insights
In terms of technology, the market is divided into capacitive, infrared, acoustic, optical, and resistive. The resistive segment is projected to expand at a substantial growth rate in the coming years owing to advantages that the touch screen technology allows secure dual-touch actions for range of devices generally used for the manufacturing purposes. Instantaneous operation of multiple keys allows easy operations for the users.
Meanwhile, the capacitive segment is anticipated to constitute a key share of the market during the forecast period. A capacitive touch screen is a regulator display which uses the conductive touch of a human finger or a specific device for input. In a multi-touch screen, the sensors are organized in a grid form to allow performance of complex input.
On the basis of devices, the market is classified as smartphones, tablets, TV, POS systems, gaming systems, and large displays. The smartphones segment is projected to hold a large share of the market during the forecast period due to its popularity and easy to use. The continuous tracking of the multiple points allows the smartphone interface to identify gestures, which allow innovative functionality such as pinch-to-zoom.
Apple is considered to be the inventor of multi-touch technology on smartphones when it firstly launched its iPhone. They present the pinch-to-zoom and rotate gestures that are now available across several smartphone devices.
Based on applications, the global multi-touch screen market is segmented into consumer electronics, education, and retail. The consumer electronics segment is anticipated to witness robust growth in the coming years owing to the increase in digitalization and rising demand for smartphones and personal computers. The availability of low cost but high ended electronics product with updated technology is primarily driving the segment growth. However, the retail segment is expected to account for a key share in the coming years owing to its rising demand.
In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is accounted for a major share of the multi-touch screen market due to the growing demand for wearable technologies & extraordinary picture quality and high usage of technology-intensive products. However, the market in Asia Pacific is likely to register a robust growth rate in next eight years on account of easy accessibility of raw materials for multi-touch screens and high rate of adoption of smartphones. Developing countries such as China and India possess high potential for market development in the coming years.
The global multi-touch screen market has been segmented on the basis of
- Consumer Electronics
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Major players competing in the global multi-touch screen market include 3MCompany, Freescale Gigabyte, DISPLAX Interactive Systems, Microsoft Corporation, LG Display, Corning Inc., Cypress Semiconductor Corporation, Wintek Corporation. Atmel Corporation, Fujitsu Ltd., Samsung, and Synaptics Incorporated.
Some of these businesses are involved in adopting numerous market strategies such as merger, acquisition, collaboration, partnership, product launch, R&D activities, and capacity expansion to increase market share and global presence.
Recently, 3M presented an advanced technology to generate new solutions such as using dental technology to be applied for the automotive application. The strategies developed by 3M are meant for long-term goals.