Market Size of Multi-touch Technology Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR (2024 - 2029) | 13.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Multi-touch Technology Market Analysis
The Multi-touch Technology Market is expected to register a CAGR of 13% during the forecast period.
The increasing utilization of intelligent electronic displays, such as smartphones, tablets, and laptops, has formed a predominant share of these products in the multi-touch technology market. The growing focus on multi-user displays, such as vertical screens and multi-touch tablets, enables market growth.
- Another factor driving the market growth during the study is the increasing use and adoption of multi-touch screen devices. The creation of new touchscreen applications will be a driving factor in market demand growth. The rising popularity of Apple's iPad and the enormous growth potential of Android-based tablets have prompted several major PC and mobile original equipment manufacturers to enter the tablet market. The main factors driving the overall market demand are the growing acceptance of touch panel displays and an increase in the number of electronic devices.
- Furthermore, the introduction of low-cost multi-touch screen displays with enhanced sense capabilities is boosting the market growth. Furthermore, rising product utilization in retail and media applications for customer engagement and branding is boosting the market growth.
- Additionally, the retail industry uses interactive multi-touch displays for branding and customer engagement strategies in developed regions, such as North America and Europe. Interactive kiosks and table displays are examples of multi-touch technologies in these markets.
- Factors such as the higher cost of panels, lack of availability of raw materials, and fluctuation in their prices are among the major factors challenging the market's growth. However, to counter such challenges, major original equipment manufacturers (OEMs) are establishing their units in developing countries, as they provide cheap labor and raw materials at a lower cost.
- The outbreak of COVID-19 disrupted supply chains for manufacturers of touchscreen displays or kiosks, especially during the initial phase. Additionally, stringent measures taken to contain the spread of the virus caused a significant drop in global commercial activities, affecting the demand from the retail, transportation, hospitality, sports, and entertainment sectors, as well as global economic growth, stifling the development of the multi-touch technology market. However, with the economy worldwide back on track and demand across all sectors gaining momentum again, the studied market is also expected to grow gradually.
Multi-touch Technology Industry Segmentation
A multi-touch display is an updated version of a single-touch display, which can function through multiple touch points of the screen. Users can use multiple fingers and gestures to navigate on these types of screens. Currently, tablets, smartphones, laptops, and other electronic devices are equipped with multi-touch technologies.
The multi-touch technology market is segmented by products (smartphones, tablets, PCs and laptops, and kiosks), applications (personal application and enterprise application), and geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Products | |
Smartphones | |
Tablets | |
PCs and Laptops | |
Kiosks | |
Other Products |
By Application | |
Personal Application | |
Enterprise Application |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East and Africa |
Multi-touch Technology Market Size Summary
The multi-touch technology market is experiencing robust growth, driven by the increasing adoption of intelligent electronic displays such as smartphones, tablets, and laptops. The demand for multi-user displays, including vertical screens and multi-touch tablets, is further propelling market expansion. The proliferation of touchscreen applications and the rising popularity of devices like Apple's iPad and Android-based tablets have encouraged major original equipment manufacturers to enter the tablet market. The market is also benefiting from the introduction of cost-effective multi-touch displays with enhanced sensing capabilities, which are gaining traction in retail and media applications for customer engagement and branding. Despite challenges such as high panel costs and raw material availability, the market is poised for growth as OEMs establish operations in developing regions to leverage lower labor and material costs.
The global consumer electronics industry has seen significant growth, with advancements in connectivity technologies and affordable display panels boosting the adoption of touchscreen units. The increasing sales of smartphones and personal computers, coupled with the decreasing cost of high-end electronics, are driving the market for multi-touch technology. The Asia-Pacific region, with its rapid urbanization and growing awareness of digital technologies, is a key area of growth, supported by major smartphone manufacturers and favorable government initiatives in countries like China. The market is characterized by a fragmented landscape with numerous global and regional players engaging in strategic developments to maintain a competitive edge. Recent product launches and expansions by companies such as Samsung and Panasonic highlight the ongoing innovation and investment in the multi-touch technology sector.
Multi-touch Technology Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of the Impact of COVID-19 on the Market
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1.5 Technology Snapshot
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1.5.1 Resistive
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1.5.2 Capacitive
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1.5.3 Optical
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1.5.4 Other Technologies
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2. MARKET SEGMENTATION
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2.1 By Products
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2.1.1 Smartphones
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2.1.2 Tablets
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2.1.3 PCs and Laptops
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2.1.4 Kiosks
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2.1.5 Other Products
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2.2 By Application
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2.2.1 Personal Application
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2.2.2 Enterprise Application
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2.3 By Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Latin America
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2.3.5 Middle East and Africa
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Multi-touch Technology Market Size FAQs
What is the current Multi-touch Technology Market size?
The Multi-touch Technology Market is projected to register a CAGR of 13% during the forecast period (2024-2029)
Who are the key players in Multi-touch Technology Market?
A D Metro Inc., Fujitsu Limited, Panasonic Corporation, Samsung Electronics Co. Ltd and 3M Company are the major companies operating in the Multi-touch Technology Market.