Austin, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Market Size & Growth Analysis:
The SNS Insider report indicates that,“The Multi-touch Screen Market Size was valued at USD 14.46 Billion in 2023 and is expected to reach USD 41.73 Billion by 2032 and grow at a CAGR of 12.54% over the forecast period 2024-2032.”
Expanding Role of Multi-touch Technology in Daily Life and Industry Applications
There is significant growth in the multi-touch screen market due to rising demand for interactive and user-friendly interfaces in different industries. This expansion is in line with the increasing use of smartphones, tablets, and other touch-sensitive devices. By 2024, more than 4.88 billion individuals globally, making up around 60.42% of the populace, utilize smartphones. The current number of active smartphones surpasses 7.21 billion, highlighting their widespread influence in today's society. In 2023, a total of 128.5 million tablets were distributed worldwide, with Apple being a major contributor to products such as the iPad.
Multi-touch technology is being incorporated into various industries aside from consumer electronics, including retail, healthcare, and education. These industries use digital displays, patient monitoring systems, and educational platforms to promote teamwork and improve user interactions. Retailers utilize multi-touch kiosks to interact with customers through self-service options and digital signage, for instance. The increasing use of multi-touch technology in various applications makes the market poised for continuous growth in the forecasted period.
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Dominant Market Players with their Products Listed in this Report are:
- 3M (MicroTouch System, Multi-Touch Chassis Display)
- Apple Inc. (iPhone, iPad)
- Samsung Electronics (Galaxy S Series, Galaxy Tab)
- LG Electronics (LG V Series, LG Gram Touch)
- Microsoft Corporation (Surface Pro, Surface Book)
- Sony Corporation (Xperia Series, Sony Bravia Touchscreen TV)
- Atmel Corporation (maXTouch Controllers, XSense Touch Sensors)
- Cypress Semiconductor Corp (TrueTouch Controllers, CapSense Solutions)
- Fujitsu Limited (Lifebook Series, Stylistic Tablets)
- Sharp Corporation (Aquos Board, Sharp Touch Monitors)
- Hewlett-Packard (HP) (HP Elite x2, HP Spectre x360)
- Dell Technologies (XPS Series, Latitude Touchscreen)
- Lenovo Group (ThinkPad Series, Yoga Series)
- AsusTek Computer Inc. (ZenBook Series, VivoBook Series)
- Synaptics Incorporated (ClearPad Touch Controllers, TouchPad Series)
- Panasonic Corporation (Toughbook Series, Toughpad Series)
- Toshiba Corporation (Toshiba Satellite Series, Dynabook)
- Planar Systems (Helium Series Monitors, UltraRes Touch Displays)
- Wintek Corporation (On-cell Touch Solutions, GFF Touchscreen)
- BOE Technology Group Co. Ltd. (Flexible OLED Displays, BOE Touch Panel).
Demand for Enhanced User Experience in Smart Devices
The increasing desire for improved user experiences in smart devices is the main factor driving the multi-touch screen market. Consumers demand quick response times, precision, and long-lasting performance in the touchscreens of their gadgets, such as smartphones, tablets, and laptops. Multi-touch screens are popular because they make navigation easier and increase productivity by supporting gestures and interactions.
Capacitive touch technology plays a key role in this development, providing better touch sensitivity and precision. This technology is commonly used in smartphones and tablets, guaranteeing smooth user interactions, and is crucial in top-of-the-line products from companies such as Apple and Samsung. Furthermore, the inclusion of multi-touch features in technologies such as digital displays and interactive kiosks broadens their accessibility. Due to improvements in smart device features and appearance, the need for multi-touch technology is expected to continue to be high, leading to market expansion in the future.
"Segment Analysis: Uncovering Critical Growth Areas in the Competitive Market Landscape"
By Technology: The capacitive technology segment led the multi-touch screen market with the largest share of 41% in 2023. This dominance is due to the superior touch sensitivity, accuracy, and responsiveness of capacitive touchscreens, making them ideal for high-performance devices like smartphones and tablets. Capacitive touchscreens detect changes in electrical charge when a conductive object, such as a human finger, interacts with the screen.
By Product: Smartphones dominated in 2023, accounting for 54% of the market share. This segment's growth is driven by the continued demand for highly responsive, durable, and multi-touch capable displays. As smartphones play a crucial role in communication, entertainment, and professional activities, the need for high-quality touchscreens that can support multi-touch gestures has intensified.
By End Use: The retail segment held the largest share of 28% in 2023 and is expected to continue growing at a high CAGR throughout the forecast period. The increased adoption of interactive displays, self-service kiosks, and point-of-sale systems is a significant factor driving growth in this segment. Multi-touch screens allow customers to interact with digital signage, browse products, place orders, and complete transactions independently.
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Key Market Segments:
By Technology
- Capacitive Technology
- Resistive Technology
- Acoustic Technology
- Optical
- Infrared Technology
By Product
- Smartphones
- Tablets
- Laptops
- Televisions
By End Use
- Retail
- Government
- Enterprise
- Industrial
- Commercial
"Regional Market Spotlight: Analyzing Performance and Prospects Across Key Regions"
In 2023, North America dominated the multi-touch screen market with a 32.5% share. The reason behind this dominance is the strong technological foundation, strong demand from consumers, and early use of multi-touch technologies in different sectors in the region. In the United States, companies such as Apple and Microsoft have been instrumental in the development of multi-touch technology in consumer electronics like smartphones, tablets, and laptops.
The Asia Pacific region is expected to show the fastest CAGR in the multi-touch screen market during the 2024-2032 forecast period. Factors like quick industrial growth, the advancement of smart cities, and the region's strong presence in electronics production are driving the need for multi-touch technologies. China, Japan, and South Korea are at the forefront of electronic devices production, which is increasing the demand for advanced touchscreen technology.
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Recent Developments
- May 2024: Samsung broadened its range of PCs by introducing the Galaxy Book4 Edge, the latest PCs that is built on Microsoft's recently released Copilot+ PC. The latest Galaxy Book4 Edge comes in two sizes - 14-inch and 16-inch, both running on Qualcomm’s newest Snapdragon X series processors with 45 TOPs NPU for AI computing and hybrid AI integrations.
- January 2023: Apple, a large technology company, developed touchscreen capabilities for Mac computers, as stated by Bloomberg's Mark Gurman. According to the report, the company is rumored to be developing a Macbook Pro lineup of laptops featuring a touchscreen OLED display after years of speculation and pushback.
Table of Contents - Key Points Analysis
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
5.1 Multi-touch Screen Technology Adoption Rates, by Region, (2020-2023)
5.2 Multi-touch Screen Consumer Engagement Metrics, by Region, (2020-2023)
5.3 Multi-touch Screen Product Features Analysis
5.4 Multi-touch Screen Competitive Landscape
6. Competitive Landscape
7. Multi-Touch Screen Market Segmentation, by Technology
8. Multi-Touch Screen Market Segmentation, by Product
9. Multi-Touch Screen Market Segmentation, by End Use
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practices
13. Conclusion
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