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Multi-Touch Equipment Market by Future Challenges and Industry Growth Outlook by 2020-2024

Author : Ronak Bora | Published Date : 2020-09-21 

The global multi-touch equipment market is set to traverse along an extremely profitable growth path on account of a rapid increase in the demand for consumer electronics equipped with multi touch devices. A blend of modern software and high-end multi touch hardware has effectively made complex tasks on devices such as smartphones, laptops and tablets much simpler and intuitive. Similarly, the multi touch technology has opened a whole new world of possibilities for all kinds of businesses, by creating new methodologies for increased productivity.

For instance, mobile OS including iOS, Android, and desktop OS such as Mac OS X, Windows 10, and Ubuntu, now support multitouch detection, enabling users to collaborate on the same content, side-by-side, and work together more efficiently as the technology becomes transparent and no longer disrupts the user experience. The rising demand for enhanced productivity and operational excellence is thus certain to propel multi-touch equipment market trends.

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The demand for multi-touch screens is driving the multi-touch equipment market growth over the forecast timespan. The technology is allowing the consumers to interact with the machines effectively and are replacing keypads & keyboards in personal computing devices such as tablets and smartphones. The penetration of these components into vending machines, industrial instruments, and home appliances will further aid in the industry growth.

Growing penetration of intelligent kiosks will fuel demand for the multi-touch equipment market. Several industries including retail and hospitality are implementing intelligent kiosks with the technology to increasingly attract customers. For instance, in August 2018, McDonald's is implementing self-ordering kiosks with multi-touch displays as cost-effective solutions. Such strategies will provide growth opportunities for the multi-touch equipment market growth.

The multi-touch equipment market will establish opportunities in entertainment applications due to the increasing adoption of these components in gaming consoles and joysticks. Several players are focusing on developing products to deliver technologically-advanced products in the sector. For instance, in March 2017, Sony Corporation introduced its Xperia Projector equipped with a myriad of sensors that provide newer ways of communication & interaction. The device allows projection onto interactive multi-touch screen walls or tables for movie & gaming applications.

The rapidly transforming interface technology and the on-going advancements in product design have been propelling multi-touch equipment market trends. The emergence of high-definition graphics along with the advent of new technologies such as IoT and artificial intelligence have also had a positive influence on the product development. The ease of application and design integrity of multi-touch devices has encouraged most of the end-users to adopt this next-generation transformation. Most of the consumer electronic product manufacturers, automakers, and several other industries have been inventing touch displays for real-life products. Depending upon the consumers’ approach toward the acceptance of such a computing interface, the players in the multi-touch equipment market have been unveiling a diverse portfolio of varied products. The growing availability of highly advanced touchscreen devices will thus have a considerable influence on industry growth over the years ahead.

The launch of newly designed and multi-functional electronics equipment installed with touch systems will turn out to be rather beneficial for the contributors in the multi-touch equipment industry. A few days ago, Ideum launched a smart coffee table with integrated touch systems. In the Pico smart coffee table, it has installed an 8th generation graphics card and advanced touch technology that supports nearly 80 simultaneous touch points. This newly developed touch coffee table enables a user to automate the varieties of system tasks with the help of RFID software utilities. The surging requirement of such smart tables in schools, libraries, waiting rooms, corporate offices, and the retail sector is likely to propel the product demand on a large scale.

Asia Pacific multi-touch equipment market will grow considerably due to the high production capacity of the region. Growing retail and entertainment sector in this region is providing growth opportunities for the industry due to technological adoptions. The players in the region are expanding their businesses in light of the growing demand for these components. For instance, in 2015, MultiTouch Ltd., a leader in interactive display systems, announced the opening of new offices in the region. The company also announced the launch of permanent MultiTaction iWall, a multi-touch wall.

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Key players in the multi-touch equipment market include: 3M, Displax Interactive Systems, Fujitsu Limited, Cypress Semiconductor Corporation, Immersion Corporation, Jtouch Corporation, Synaptics, Inc., Samsung Electronics Co., Ltd., Panasonic Corporation, Apple, Inc., Microsoft Corporation, Wintek Corporation, and U-Touch UK. The industry is witnessing severe competition and the vendors in the industry are adopting several strategies such as product developments and mergers to gain a competitive edge. The major companies such as Microsoft and Apple are investing in R&D and filing for patents to secure a considerable industry share.

Table of Contents (ToC) of the report:

Chapter 4.   Multi-Touch Equipment Market, By Product (Revenue, Shipments)

4.1.  Key trends in multi-touch equipment industry by product

4.2.  Screens

4.2.1. Market estimates and forecast, 2013 – 2024

4.3.  Touchpad/trackpad

4.3.1. Market estimates and forecast, 2013 – 2024

4.4.  Others

4.4.1. Market estimates and forecast, 2013 – 2024

Chapter 5.   Multi-Touch Equipment Market, By Application (Revenue, Shipments)

5.1.  Key trends in multi-touch equipment industry by application

5.2.  Smartphones

5.2.1. Market estimates and forecast, 2013 – 2024

5.3.  Laptops

5.3.1. Market estimates and forecast, 2013 – 2024

5.4.  Tablets

5.4.1. Market estimates and forecast, 2013 – 2024

5.5.  Kiosks

5.5.1. Market estimates and forecast, 2013 – 2024

5.6.  Multi-touch display walls

5.6.1. Market estimates and forecast, 2013 – 2024

5.7.  Others

5.7.1. Market estimates and forecast, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/multi-touch-equipment-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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