Home > Semiconductors & Electronics > Electronics > Multi-Touch Equipment Market

Multi-Touch Equipment Market Size

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

Download Free Sample

Multi-Touch Equipment Market Size

Multi-Touch Equipment Market size was over USD 10.5 billion in 2017, growing at a CAGR of over 10% from 2018 to 2024. The global shipments are expected to surpass 250 million units by 2024.

Multi-touch equipment market is expected to grow rapidly due to the 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. For example, mobile OS including Android, iOS and Symbian^3, and desktop OS such as Windows 7, Mac OS X and Ubuntu, support multitouch detection. Individuals, such as panel operators, end users, engineers, purchasers, managers, decision makers, and executives, interact with the technology frequently. These advanced components cater to several requirements in verticals including entertainment, retail, industrial, automobile, and consumer sectors. The development of automotive electronics in the capacitive multi-touch screen is expected to fuel the industry growth over the next six years.

To get key market trends

Download Free Sample

Technological advancements, such as tactile user feedback and acoustic feedback, to enhance the performance of the product are propelling the market growth. The manufacturers are using technology such as solenoid, piezoelectric actuation, ciliated surfaces, and pin matrices. The usage of these technologies is allowing the manufacturers to develop new advanced products to expand product offerings, thus positively impacting the industry growth. For instance, industrial 15” LED projected capacitive multi-touch equipment consists of panel and VESA mounting that can operate at (-200 to 600C) temperature with elegant design and five-wire resistive technology.

Multi-Touch Equipment Market Report Attributes
Report Attribute	Details
Base Year:	2017
Multi-Touch Equipment Market Size in 2017:	10.5 Billion (USD)
Forecast Period:	2018 to 2024
Forecast Period 2018 to 2024 CAGR:	10%
2024 Value Projection:	20 Billion (USD)
Historical Data for:	2013 to 2017
No. of Pages:	290
Tables, Charts & Figures:	416
Segments covered:	Product, Application, End-Use and Region
Growth Drivers:	Increasing adoption of touch display panels in several electronic devices Growing popularity of capacitive and resistive touch technologies globally Introduction of technologically advanced products in North America Growing adoption of intelligent and interactive devices in the U.S. Increasing demand for wearable device sin Europe Growth in smartphone and tablet market in Asia Pacific Evolution of retail sector in India, China, and Japan
Pitfalls & Challenges:	High costs of products Lack of availability of raw materials Technological limitations regarding the measurement of z-axis

What are the growth opportunities in this market?

Download Free Sample

One of the major factors restraining the multi-touch equipment market growth is the high cost of production. The players in the mobile computing market are focusing on reducing the overall production costs due to the changing preferences of consumers. Furthermore, the high costs of glass touch panels and lack of availability of indium tin oxide (ITO) will also restrain the industry growth.

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.