| Report Code: A02008 | Pages: 166 | Jun 2017 | 12804 Views | ||
| Author(s) : Preeti B | Tables: 44 | Charts: 62 |
| |
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Request Now !Global Multi-Touch Screen Market was valued at $6 billion in 2016, and is projected to reach $16 billion by 2023, growing at a CAGR of 15.9% from 2017 to 2023. Multi-touch screens are the display types, which can detect and respond to stylus or finger gestures at several locations on a single screen. Earlier, this technology was pioneered by Apple, Inc. by its introduction in iPhone. At present, the market has gained traction, owing to their extensive demand from various industries such as consumer electronics, retail, media, and others.
The factors that drive the market are increase in number of electronic display devices, rise in trend of retail & media applications, and surge in investment from corporate users. However, lack of availability of raw material and high cost of these panels restrain the market growth. Moreover, surge in investment for multi-touch screen displays for emerging applications is anticipated to provide new opportunities in the market.  Â
Segment Overview
The global multi-touch screen market is segmented based on technology, application, and geography. Based on technology, it is classified into resistive, capacitive, infrared, optical, and others. Based on application, it is categorized into consumer electronics, retail, education, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Global Multi-Touch Screen Market Segmentation
Top Impacting Factors
Increase in Demand of Portable Electronics and other Smart Wearable Devices
Portable electronic devices, such as tablets, smartphones, laptop, smart pen, and portable gaming consoles, and others use multi-touch screens on a wide scale. Furthermore, wearable smart devices and watches use multi-touch screens to enhance the overall user experience. The growth in number of portable electronic devices and smart wearable propels the demand in the global multi-touch screen market.
Asia-Pacific is Expected to be a Lucrative Region
The Asia-Pacific multi-touch screen market is expected to grow at the highest CAGR during the forecast period, owing to the increase in demand for consumer electronics, wearable devices, and rapid growth in retail industry.
Competitive Landscape
The report provides a comprehensive analysis of the key market players and the significant strategies adopted by them. The key players include Apple Inc., HP Development Company, L.P., 3M, GestureTek, Displax, Immersion Corporation, Fujitsu, Panasonic Corporation, Samsung Electronics Co. Ltd., Tpk Holding Co., Ltd., and others.
Key Benefits for Stakeholders
Multi-touch Screen Market Report Highlights
| Aspects | Details |
|---|---|
| By Technology |
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| By Application |
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| By Geography |
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| Key Market Players | APPLE INC., DISPLAX, FUJITSU, GESTURETEK, HP DEVELOPMENT COMPANY, L.P., IMMERSION CORPORATION, 3M, PANASONIC CORPORATION, SAMSUNG ELECTRONICS CO. LTD., TPK HOLDING CO., LTD. |
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Multi-touch screens can sense and respond to the touches in more than one position simultaneously. These screens use different technologies such as resistive, capacitive, infrared, optical, and others. These screens have a wide scale application in devices such as smart phone, tablet, interactive displays, retail KIOSK, and others.
The multi-touch screen market is expected to augment the growth rate, owing to increase in number of electronic display devices, rise in trend of retail & media applications, and surge in investment from corporate users. This technology witnesses a growth around three-folds in next 5-6 years, owing to its applications across industries such as consumer electronics, retail, education, and others.
In 2016, North America was the highest revenue contributor to the global market, which is attributed to well-established retail industry and rise in sale of high end consumer electronic devices. However, Asia-Pacific is anticipated to dominate the market during the forecast period.
The key players in the multi-touch screen market are Apple Inc., HP Development Company, L.P., 3M, GestureTek, Displax, Immersion Corporation, Fujitsu, Panasonic Corporation, Samsung Electronics Co. Ltd., Tpk Holding Co., Ltd., and others
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