New York, NY, July 18, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Multi-Touch Screen Market By Product (Smartphones, Tablets, Laptops, Televisions, Kiosks, and Large Interactive Screens), By Technology (Resistive, Capacitive, Infrared, Optical, and Others), and By Application (Infotainment, Enterprises, Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global multi-touch screen market was USD 8.47 billion in 2018 and is expected to reach around USD 22.33 billion by 2025, at a CAGR approximately 15.04% from 2019 to 2025.
Multi-touch technology enables the recognition of multiple touch points on a screen. It functions with touch screen interfaces and track-pads. While traditional touch allows only one swipe/tap, multi-touch permits users to zoom, select, and scroll. Thus, multi-touch enables inputs through gestures and pressures on multiple points on the display surface of a device. The global multi-touch screen market is growing notably, owing to its adoption in laptops, tablets, smartphones, and televisions. The use of smartphones, laptops, and other electronic devices has been increasing significantly. The multi-touch screen market growth is also due to the development of numerous applications that function on multi-touch screens. Multi-touch usage in public place display walls will further boost this market. Infrastructural advancements in airports are focusing on product adoption to enhance their client satisfaction.
Browse through 54 Tables & 31 Figures spread over 126 Pages and in-depth TOC on “Global Multi-Touch Screens Market: By Product, Technology, Size, Trends, Industry Share and Forecast, 2018–2025”.
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Multi-touch screens are finding its applications in the automobile industry as well, as many producers equip their infotainment systems with these screens to offer an interactive multipurpose involvement of the passengers. This is also driving the multi-touch screen market globally. However, the high cost of display panels and inadequacy of components may prove to be major constraints for certain organizations.
On the basis of application, the use of multi-touch screens is growing rapidly, particularly in infotainment systems. The growing use of automobiles and improving automotive standards have led to infotainment systems being a basic specification in cars. Infotainment systems are gaining growing importance in decision-making while choosing a certain car. Multi-touch also holds a prominent market share in enterprises. Several retail organizations have implemented multi-touch screen displays for faster billing, which helps them reduce customer waiting time. Tourism companies have set up multi-touch screen displays to enable customers to browse through holiday destinations and package offerings with ease.
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The North American multi-touch screen market holds a promising share and growth potential. In the U.S., people are increasingly connected to the digital world. Approximately 95% of Americans have access to a cellphone, whereas around 77% use a smartphone. Nearly three-fourths Americans use some kind of desktop while roughly half of them use a tablet. One in five Americans has access to an e-reader device. Majority of the Americans now use smartphones as a primary source to access the internet at home. One in five Americans is smartphone-only internet users, i.e., they don’t have broadband at home. All these factors are leading to growing usage of multi-touch screen devices.
Europe holds a notable share of the global multi-touch screen market. The purchasing power of major European countries has been increasing since the last few years, with a 3% growth rate in 2018. European universities generally prefer usage of tablets for studies. Tablets are used to collect reliable scientific data. Moreover, European nations are technology driven. German car makers use multi-touch screen technology for their cars’ infotainment systems. In the UK, multi-touch screens have found applications in their football leagues, where varied software are used for post-game analysis. Russia uses multi-touch screens in numerous industrial and defense systems.
Browse the full “Multi-Touch Screen Market By Product (Smartphones, Tablets, Laptops, Televisions, Kiosks, and Large Interactive Screens), By Technology (Resistive, Capacitive, Infrared, Optical, and Others), and By Application (Infotainment, Enterprises, Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/multi-touch-screens-market
The Asia Pacific region is expected to witness noticeable growth over the projected time period, owing to the increasing regional demand for smartphones and laptops, particularly in India and China due to their ever-increasing population bases. Japan is among the most technologically-advanced countries in the Asia Pacific region and consists of touchscreen-enabled vending machines. Additionally, water purifiers are also equipped with a capacitive multi-touch screen. China is a booming market for retail and services industry that uses multi-touch screen displays for quick billing.
The Middle East and Africa and Latin America are lucrative markets for multi-touch screens. The economy of these regions is showing positive developments. Latin American economies are expected to grow by 2.6% by 2020. Smartwatches are most desirable in Mexico. Fitness bands are witnessing high demand. Both these devices are equipped with touch screens and their high-end models are implemented with multi-touch. The Middle East has surged to become the second fastest growing mobile phone market in the world, as a result of liberalization of the Saudi telecom market.
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Some key players in the global multi-touch screen market are Wintek Corporation, Microsoft, 3M, LG Electronics, Interactive Systems, Freescale Gigabyte, Cypress Semiconductor, Samsung Electronics, Displax, Immersion Corporation, Corning, Fujitsu, Synaptics Incorporated, GestureTek, Apple, Sharp Corporation, Panasonic, Tpk Holding, Alps Electric, and Atmel.
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This report segments the global multi-touch screen market into:
Global Multi-Touch Screen Market: By Product
- Smartphones
- Tablets
- Laptops
- Televisions
- Kiosks
- Large Interactive Screens
Global Multi-Touch Screen Market: By Technology
- Resistive
- Capacitive
- Infrared
- Optical
- Others
Global Multi-Touch Screen Market: By Application
- Infotainment
- Enterprises
- Entertainment
- Others
Global Multi-Touch Screen Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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