Multi-Touch Equipment Market in China to hit 13 million units, Key Players; Hewlett Packard Enterprise, Microsoft, Panasonic, Samsung Electronics, Synaptics Incorporated, Alps Electric, 3M, Apple, Cypress Semiconductor Corporation, Fujitsu Global
The North America multi-touch equipment market is expected to grow with a CAGR of over 11%, due to the large-scale adoption of devices including tablets and laptops. Growing demand for wearable technology and usage of other technology-intensive products will aid in the industry growth. The industries in the region, such as 3M and U Touch, have high investment capabilities to adopt advanced technologies.
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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.
Asia Pacific multi-touch equipment market will grow considerably due to the high production capacity of the region. Growing retail and entertainment sector in this region is providing growth opportunities for the industry due to technological adoptions. The players in the region are expanding their businesses in light of the growing demand for these components.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. Hewlett Packard Enterprise
5. Samsung Electronics
6. Synaptics Incorporated
7. Alps Electric
8. Fujitsu Global
10. Cypress Semiconductor Corporation
Multi-Touch Equipment Market is set to exceed USD 20 billion by 2024. 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. The demand for multi-touch screens is driving the multi-touch equipment market growth over the forecast timespan. The technology is allowing the consumers to interact with the machines effectively and are replacing keypads & keyboards in personal computing devices such as tablets and smartphones. The penetration of these components into vending machines, industrial instruments, and home appliances will further aid in the industry growth.
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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.
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.
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. The advanced version of products having IoT spatial intelligence capabilities will help end-users tap the environmental data and enhance the users’ experience. The increasing use of touch displays to boost the product performance and operational capability is thus likely to promote multi-touch equipment market share.
Growing penetration of intelligent kiosks will fuel demand for the multi-touch equipment market. Several industries including retail and hospitality are implementing intelligent kiosks with the technology to increasingly attract customers. For instance, in August 2018, McDonald?s is implementing self-ordering kiosks with multi-touch displays as cost-effective solutions. Such strategies will provide growth opportunities for the multi-touch equipment market growth.
Browse key industry insights spread across 290 pages with 384 market data tables & 32 figures & charts from this 2019 report, Multi-Touch Equipment Market in detail along with the table of contents:
The launch of newly designed and multi-functional electronics equipment installed with touch systems will turn out to be rather beneficial for the contributors in the multi-touch equipment market. A few days ago, Ideum launched a smart coffee table with integrated touch systems. In the Pico smart coffee table, it has installed an 8th generation graphics card and advanced touch technology that supports nearly 80 simultaneous touch points. This newly developed touch coffee table enables a user to automate the varieties of system tasks with the help of RFID software utilities. The surging requirement of such smart tables in schools, libraries, waiting rooms, corporate offices, and the retail sector is likely to propel the product demand on a large scale.
Multi-Touch Equipment Market will establish opportunities in entertainment applications due to the increasing adoption of these components in gaming consoles and joysticks. Several players are focusing on developing products to deliver technologically-advanced products in the sector. For instance, in March 2017, Sony Corporation introduced its Xperia Projector equipped with a myriad of sensors that provide newer ways of communication & interaction. The device allows projection onto interactive multi-touch screen walls or tables for movie & gaming applications.
Global Multi-touch equipment market is gaining traction due to the increasing adoption of tablets such as iPads, with shipments expected to exceed 70 million units by 2024. The development of Android-based tablets has encouraged several PC OEMs to venture into tablet market, due to the gaining popularity of these devices. The increasing ease of use of these systems as compared to the pen-based or stylus-based devices is positively impacting the industry growth. The use of these devices in several application areas such as hospitality, retail, logistics & supply chain, and education will propel the demand for market over the forecast timespan.
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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