INDUSTRY TRENDS

According to the reports published, the global Multi-touch Screen Market size is expected to grow at a CAGR of 4.6%, earning a valuation of USD 43.31 billion by 2030, from its early figures of USD 13.60 Billion in 2021.
 

The global multi-touch screen market is expected to rise at a quick pace over the projected period. The devices include a touch screen that serves as a feedback and sensor mechanism. To provide a touch interface, these touch screens require three basic components: a controller integrated circuit (IC), a software driver, and a touch sensor. A touch screen would not be complete without a touch sensor. It's a two-dimensional sensor gadget that looks like a transparent sheet. It establishes a connection between the user and the screen. To improve the sensitivity of touch sensors, major research and development efforts have been undertaken.
 

Capacitive touch technology, rather than resistive touch technology, is used in multi-touch technology. Traditional keyboards, mice, and keypads now have an option thanks to this technology. Because of the growing popularity of multi-touch devices, this technology has seen an increase in demand. The global market for multi-touch technology is the largest. Smartphones, tablets, iPads, laptops, and a variety of other consumer electronic items all come with multi-touch technology preloaded. Increasing demand for Apple's iPad, as well as the enormous growth potential of Android-based tablets, has prompted several major PC and mobile original equipment manufacturers (OEMs) to enter the worldwide tablet industry. Growing popularity of touch panel displays and an increase in the number of electronic devices are the key drivers driving overall market demand. The development of new touch screen applications is another aspect contributing to the expanding market demand.
 

However, due to a lack of trained workers in the manufacturing of newly designed applications as a result of fewer training programmes, the market's growth is being stifled. Fluctuations in raw material availability eventually raise the pricing of finished goods, lowering market demand. Higher-end gadgets with complex functions are more expensive, which has posed a challenge to market developers.
 

TECHNOLOGY OUTLOOK

The capacitive segment is expected to dominate the market share in 2020 of global multi-touch screen market owing to the advancement of capacitive touch technology, which allows capacitive touch sensors to work even when they are covered by screen protectors, is boosting the capacitive touch screen market forecast significantly. Furthermore, by forming a triangulated grid surrounding the point of contact, PCT technology improves touchscreen accuracy. Position sensors are increasingly being used in machine tools such as assembly and welding robots, laser cutting machines, bending presses, and sheet metal processing equipment, which is propelling the position sensor market forward.
 

APPLICATION OUTLOOK

The consumer electronics segment is expected to dominate the market share in 2020 of global multi-touch screen market owing to the multiple items have embraced touch screens as a result of the fast-paced demand from the segment for new and creative products. Electronics such as mobile phones, wearables, tablets, laptops, and PCs are just a few examples of consumer electronics that have incorporated touch capabilities on a large scale. Nowadays, washing machines, refrigerators, copiers, and other devices have recently been integrated with touch-enabled interfaces in order to provide a better consumer experience and distinguish demand. Wearables are projected to become more competitive as they become more affordable. By the conclusion of the predicted period, the number of devices will have surpassed a billion.
 

REGIONAL OUTLOOK

North America dominated the global market owing to the because of rising capital income in both developed and developing countries, North America accounts for the largest proportion of the market. The Multi-Touch Screen market's growth rate is accelerating as the need for innovative goods with noteworthy features grows. Europe is in second place in terms of market share dominance. The increasing speed of the internet is causing a surge in market demand in this region. Increasing urbanization and private and governmental sector investments in electronics and electrical sectors are credited with boosting the market's growth pace.
 

Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. Owing to the demand for portable electronics and other smart wearable devices is on the rise. Multi-touch screens are widely used in portable electronic devices such as tablets, smartphones, laptops, smart pens, and portable gaming consoles, among others. In addition, multi-touch screens are used in wearable smart gadgets and watches to improve the entire user experience. The global multi-touch screen market is driven by an increase in the number of portable electronic devices and smart wearables. India and China are the two largest contributors with the highest percentages.
 

MARKET SEGMENTATION OF GLOBAL MULTI-TOUCH SCREEN MARKET

By Technology

• Resistive
• Capacitive
• Infrared
• Optical
• Others

By Application

• Consumer Electronics
• Retail
• Education
• Others

Key Players:

• Apple inc.
• DISPLAX
• Immersion
• FUJITSU
• Gesturetek
• HP Development Company, L.P.
• Immersion Corporation
• 3M
• GIGA-BYTE Technology Co., Ltd
• Panasonic
• Synaptics Incorporated
• SAMSUNG
• TPK Holding Co., Ltd