$16 Billion's Multi-touch Screen Market to See Huge expansion in Growth by 2023

The multi-touch screen market is expected to augment the growth rate, owing to increase in number of electronic display devices, rise in trend of retail & media applications, and surge in investment from corporate users. This technology witnesses a growth around three-folds in next 5-6 years, owing to its applications across industries such as consumer electronics, retail, education, and others.

Multi-touch screens can sense and respond to the touches in more than one position simultaneously. These screens use different technologies such as resistive, capacitive, infrared, optical, and others. These screens have a wide scale application in devices such as smart phone, tablet, interactive displays, retail KIOSK, and others.

According to a new report published by Allied Market Research, the global multi-touch screen market was valued at $6 billion in 2016, and is projected to reach $16 billion by 2023, growing at a CAGR of 15.9% from 2017 to 2023. The capacitive technology segment contributed nearly 45% share to the global market in 2016.

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The capacitive technology segment contributed nearly about 46%, and dominated the global market in 2019. Capacitive technology is expected to maintain its dominant position throughout the analysis period, owing to its wide-scale adoption in smartphones, tablet, laptops and other display devices.

The consumer electronics and retail segments collectively dominated the market share with around 60% share in 2019. The use of multi-touch screens in consumer electronics is attributed to the rapid growth of wireless portable electronics devices in smartphones and other mobile devices.

Moreover, North America is the major revenue contributor, owing to high market contribution of the U.S. where high end electronic devices, retail industry, education sector use these screens on a wide scale.

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However, Asia-Pacific is expected to witness the highest growth rate and is expected to dominate the market during the forecast period, which is attributed by increase in adoption of multi-touch screens in low-end consumer electronic products, rise in sale of display devices, and surge in investment in retail and education sector fuel the market growth.

The major companies profiled in the report include Apple Inc., HP Development Company, L.P., 3M, GestureTek, Displax, Immersion Corporation, Fujitsu, Panasonic Corporation, Samsung Electronics Co. Ltd., Tpk Holding Co., Ltd., and others.

Key Findings of the Multi-Touch Screen Market:

In terms of revenue, consumer electronics and retail segments collectively contributed to the maximum market share in 2019, and are expected to maintain their dominance throughout the forecast period.

The infrared technology segment is expected to grow at the highest CAGR, during the forecast period.

The capacitive technology segment held nearly half of the market share, which was the highest among all the technologies, in 2019.

In 2019, North America accounted for over 30% share globally; however, Asia-Pacific is expected to become dominant during the forecast period.

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MULTI-TOUCH SCREEN MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. NORTH AMERICA

6.2.1. Introduction
6.2.2. Key market trends, growth factors, and opportunities
6.2.3. Market size and forecast
6.2.4. U.S.

6.2.4.1. Market size and forecast

6.2.5. Canada

6.2.5.1. Market size and forecast

6.2.6. Mexico

6.2.6.1. Market size and forecast

6.3. EUROPE

6.3.1. Introduction
6.3.2. Key market trends, growth factors, and opportunities
6.3.3. Market size and forecast
6.3.4. UK

6.3.4.1. Market size and forecast

6.3.5. Germany

6.3.5.1. Market size and forecast

6.3.6. France

6.3.6.1. Market size and forecast

6.3.7. Rest of Europe

6.3.7.1. Market size and forecast

6.4. ASIA-PACIFIC

6.4.1. Introduction
6.4.2. Key market trends, growth factors and opportunities
6.4.3. Market size and forecast
6.4.4. China

6.4.4.1. Market size and forecast

6.4.5. Japan

6.4.5.1. Market size and forecast

6.4.6. South Korea

6.4.6.1. Market size and forecast

6.4.7. Taiwan

6.4.7.1. Market size and forecast

6.4.8. Rest of Asia-Pacific

6.4.8.1. Market size and forecast

6.5. LAMEA

6.5.1. Introduction
6.5.2. Key market trends, growth factors, and opportunities
6.5.3. Market size and forecast
6.5.4. Latin America

6.5.4.1. Market size and forecast

6.5.5. Middle East

6.5.5.1. Market size and forecast

6.5.6. Africa

6.5.6.1. Market size and forecast

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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