Press release
Multi Touch Equipment Market to showcase significant growth from consumer electronic devices | Global Venders are Microsoft, Panasonic, Samsung Electronics, Synaptics Incorporated, Alps Electric, 3M, Apple, Fujitsu Global
Multi-Touch Equipment Market
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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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. 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Apple
2. Hewlett Packard Enterprise
3. Microsoft
4. Panasonic
5. Samsung Electronics
6. Synaptics Incorporated
7. Alps Electric
8. Fujitsu Global
9. 3M
10. Cypress Semiconductor Corporation
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.
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The high cost of these components will be one of the key factors challenging the multi touch equipment market growth. Lack of availability of raw materials required to manufacture these components attribute to the high manufacturing costs. For instance, the Magic Mouse introduced by Apple costs about USD 129. Growing penetration of touch panel displays in consumer electronic devices such as smartphones and wearable devices will propel the growth. The demand for easier and more intuitive technologies in several digital devices is increasing rapidly. The increasing need for miniaturization of electronics and advancements in sensing technologies will increase the demand.
The escalating use of infotainment systems in the vehicles along with the surging deployment of multi-touch equipment in TVs, smartphones, laptops, and tablets are the most pivotal driving forces influencing the commercialization landscape of multi touch equipment market. Heavy investments in R&D activities to modernize the existing product ranges also will push the industry trends ahead. For the record, multi-touch equipment industry is slated to be pegged at an appreciable USD 20 billion by the end of 2024.
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.
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:
https://www.gminsights.com/industry-analysis/multi-touch-equipment-market
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.
The 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.
Top Key Players 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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