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Multi-Touch Equipment Market Share

Report ID: GMI1947
Published Date: Oct 2018
Report Format: PDF

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Multi-Touch Equipment Market Share

Key players in the market include:

Touch Innovations
COPA-DATA GmbH
IntuiLab SA
MultiTraction
Samsung Electronics Co., Ltd
Perceptive Pixel
Microsoft Corporation
Apple, Inc
FlatFrog Laboratories
Touch Corporation

The companies are investing rapidly in the development of new products to gain competitive advantage. For instance, in January 2018, Touch Innovations introduced an all-glass multi-touch display platform. The display supports ten multiple touch-points. The software developers in the industry are developing applications that are supported by these devices such as tablets. The developers in the market are increasingly focusing on newer solutions to incorporate technologically-sophisticated features.

The manufacturers are constantly innovating to develop products with wide applicability such as integration with gesture recognition, thus propelling the multi-touch equipment market growth. For instance, the blind and visually impaired individuals may face barriers while operating these screens. Apple iPhone 3GS is resolving such issues by providing screen readers that are integrated with synthesized speech feedback in the advanced products. However, these screen readers are not sufficient as the complexity of the system increases. Growing usage of these devices in industrial applications to ease machine operation is prompting the manufacturers to increase the products for industrial applications.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of multi-touch equipment was valued over USD 10.5 billion in 2017.

The industry share of multi-touch equipment is projected to witness 10% growth rate during 2018 to 2024.

The multi-touch equipment market demand is due to increasing demand for devices equipped with multi-touch devices such as smartphones and tablets. The technology enables the user to interact with a system by performing multiple finger gesture. Several operating systems are providing integrated interface support in order to address the growing demand for the devices.

Multi-touch screens accounted for over 80% of the global market revenue in 2017 and is expected to grow significantly over the next six years owing to increasing adoption of these screens in several applications such as restaurants, retail, and e-commerce industries.

The demand for multi-touch equipments in retail is expected to grow at 10.5% CAGR. The retailers are investing in such technologies to attract customers, enhance ease-of-use, and reduce the dependence on humans.

The China market shipments for multi-touch equipment were estimated at around 13 million units, due to several players increasing the R&D investments in the manufacture of these products. The presence of several devices & display manufacturers in the region is one of the key factors for industry growth.