The global multi-touch screen market is anticipated to grow rapidly over the forecast period. A touch screen is incorporated into the devices for offering a feedback and sensing system. These touch screens require three elementary components to provide a touch interface, namely a controller integrated circuit (IC), a software driver, and a touch sensor. A touch sensor is an essential component of a touch screen. It is a two-dimensional device for sensing in the form of a transparent sheet. It creates an interface between the user and the display. Major research & development initiatives have been taken to improve the sensitivity of the touch sensors.
Multi-touch technology is based on the capacitive touch technology instead of resistive touch technology. This technology has given an alternative solution to the traditional keyboards, mouse, and keypads. This technology has been witnessing increasing demand on account of the increasing use of those devices which are enabled with multi-touch. Multi-touch technology forms the largest share of the global market. The various devices which come preinstalled with multi-touch technology include smartphones, tablets, iPad, laptops, and several other consumer electronic products.
The global multi-touch screen market is projected to witness significant growth over the forecast period. The multi-touch screen technology additionally provides a streamlined interface with other devices. Several factors boosting the growth include the increasing use and adoption of devices enabled with a multi-touch screen such as tablets and smartphones. The multi-touch screen is a combination of techniques for interaction that enable the consumers to regulate graphical applications by using various fingers. The multi-touch screen market has emerged to be a quickly growing and evolving technology. The numerous benefits offered by these multi-touch screen technology include the various gestures to operate randomly touch screen along with completely understanding the technologies such as videos, satellite images, text, pictures, and 3D simulations.
Growing demand for Apple’s iPad and the tremendous potential for growth of tablets based on Android have encouraged several major PC and mobile original equipment manufacturers (OEMs) to venture into the global tablet market. The main factors driving the overall market demand include growing acceptance of touch panel displays and an increasing number of electronic devices. Additional factors responsible for the growing market demand includes the developing new touch screen applications.
However, it has been seen that the manufacturers of the mobile computing device are concentrating on reducing their overall costs of production owing to the changing preferences of consumers which may pose challenges to the global multi-touch screens market growth over the forecast period. Adding to it, the high costs of glass touch panel displays and lack of availability of indium tin oxide (ITO) can also obstruct the market growth. Availability of raw materials is the greatest challenge to the market growth. Factors such as huge competition, massive production costs, and heating of the display screens because of the inability of heat dissipation in high-end tablets and phones may also decline market profitability.
The overall multi-touch screens market has been segmented based on technology, applications, and devices. Based on technology, the market has been categorized as resistive, optical, capacitive, infrared, and acoustic. By devices, it has been classified as tablets, TV, gaming systems, smartphones, POS systems, and large displays (walls, signage, table tops, floors). Various application segments of the market into retail, enterprise, commercial, military, medical, government, and industrial.
In 2015, North America had the largest market share of the global multi-touch screen market owing to increasing demand for wearable technologies & exceptional picture quality and high usage of technology-intensive products. Asia Pacific is projected to foresee the highest growth rate over the next eight years on account of easy availability of raw materials for multi-touch screens and high rate of adoption of smartphones.
The major industry participants are establishing their grounds by developing new products to incorporate more efficient and better features. Numerous OEMs have also moved their units to the developing nations owing to the availability of cheap labor and raw materials. The significant players in the market include 3MCompany, DISPLAX Interactive Systems, Microsoft Corporation, Freescale Gigabyte, LG Display, Corning Inc., Atmel Corporation, Fujitsu Ltd., Cypress Semiconductor Corporation, Samsung, Synaptics Incorporated, and Wintek Corporation.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.
"The quality of research they have done for us has been excellent..."
The ongoing COVID-19 outbreak has adversely affected the display industry with manufacturing operations temporarily suspended across major manufacturing hubs, leading to a substantial slowdown in the production. Major manufacturers including Samsung, LG Display, and Xiaomi among others have suspended their manufacturing operations in China, India, South Korea, and European countries. In addition to having an impact on the production, the ongoing pandemic has taken a toll on the consumer demand for display integrated devices, likely exacerbated by the lockdown imposed across major countries. Uncertainty regarding the possible length of lockdown makes it difficult to anticipate how and when a resurgence in the display industry will occur. On the flip side, increased demand for displays in medical equipment including ventilators and respirators is expected to keep the demand for displays afloat in the coming months. The report will account for Covid19 as a key market contributor.