Fujitsu Global, Hewlett Packard Enterprise, Microsoft, Companies Profiled in Multi-Touch Equipment Market | Panasonic, Samsung Electronics, Synaptics Incorporated, Alps Electric, 3M, Apple, Cypress Semiconductor Corporation
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Multi-Touch Equipment Market size is set to exceed USD 20 billion by 2024; according to a new research report by Global Market Insights, Inc. The global shipments are set to grow at 12% CAGR between 2018 and 2024. Multi-touch equipment market is projected to grow due to several benefits offered by these devices including flexibility, enhanced performance, and fast operations. These devices help users from various industries to have a better control over their resources and situation on the field, resulting in ease-of-work. Greater situational awareness and central overview will lead to an effective decision-making thereby spurring the demand for these devices.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Fujitsu Global
2. Hewlett Packard Enterprise
5. Samsung Electronics
6. Synaptics Incorporated
7. Alps Electric
10. Cypress Semiconductor Corporation
Trackpad/touchpad will exceed over USD 1 billion by 2024, propelling the multi-touch equipment market growth. These components are being increasingly used in gaming devices for an enhanced player experience. The development of an add-on navigation touchpad to allow multiple touch points capabilities is providing several opportunities for the industry growth. Companies, such as Ergo Touchpad and Logitech, are developing low-cost touchpads that are easy to use and can be easily installed on a computer with a USB.
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Multi-Touch Equipment Market will grow rapidly due to its increased adoption in the education sector. Growing trend of e-Learning is fueling the use of advanced electronic devices such as laptops and tablets for learning. The educational institutes are shifting from the interactive whiteboards toward the multi-touch display walls due to projector requirements and the high costs associated with the interactive whiteboards. Several companies are developing software to implement the technology in classrooms. For instance, Snowflake MultiTeach, developed by NUITEQ is a collaborative K-12 multitouch software that provides personalized learning experience.
The multi-touch equipment market will witness growth owing to the ability to provide a streamlined interface with other devices such as POS terminals, video games, etc. The multiple points of the finger contact on these components allow the customers to perform simplified and expedited interaction with the devices. The multi-point interactivity enables fast scrolling, pinch-to-zoom, and intuitive gesture commands. These features allow intuitive and quicker interaction of the users with the host device, increasing the popularity of these devices.
The development of intelligent and interactive kiosks will propel the multi-touch equipment market growth over the forecast timespan, with kiosks accounting to about 10% revenue share in 2017. The kiosks equipped with these components focus on increasing the effectiveness of transaction experience, enhancing the user experience, and supporting an engaging transaction with the customers.
These devices are being increasingly used in healthcare, retail, and hospitality industries. For instances, in June 2018, McDonald’s announced that it will add self-order kiosks in their 1,000 stores every quarter. These will be equipped with multiple touch points technology, providing growth opportunities to the industry.
Browse key industry insights spread across 290 pages with 384 market data tables & 32 figures & charts from the report, Multi-Touch Equipment Market in detail along with the table of contents:
Nowadays, in order to attract more consumers, most of the companies have been tapping the latest technology trends such as the Internet of Things and artificial intelligence. On these grounds, product manufacturers have been signing long-term agreements with technology companies. For instance, recently, Microsoft announced its plan to launch an IoT and Intelligent Edge solution for its device partners. The newly developed device integrated with multitouch collaboration tools can be incorporated in MS Office and other Microsoft team applications.
The China multi-touch equipment market was estimated at around 13 million units, due to several players increasing the R&D investments in the manufacture of these products. The presence of several devices & display manufacturers in the region is one of the key factors for industry growth. The manufacturers are developing these products with benefits such as accurate touch points, advanced design, and customers-friendliness for applications such as trade shows and museums & showrooms.
The consumers in the U.S. and Canada also have a high acceptance of advanced technologies, encouraging the industries such as entertainment and retail to adopt these products. For instance, retailers are replacing the traditional EPOS and in-store videos with these systems to enable customers to access live customer support and product guides.
Key vendors in the multi-touch equipment market comprise 3M, Alps Electric, Apple, Baanto, Cypress Semiconductor Corporation, Fujitsu Global, GestureTek, Hewlett Packard Enterprise, Immersion Corporation, Microsoft, MMT GmbH & Co. KG, Panasonic, Planar Systems, Perceptive Pixel, Samsung Electronics, Synaptics Incorporated, Touch, U-Touch Ltd, Vectorform, and Wintek Corporation.
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