According to a new report published by Allied Market Research, titled, “Multi-Touch Screen Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023,” 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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Increase in number of electronic display devices, rise in trend of retail & media applications, and surge in investment from corporate users are some of the factors that drive the market growth. However, factors such as lack of availability of raw material and high cost of panels restrain the market growth. Moreover, increase in investment for multi-touch displays for emerging applications is anticipated to provide new opportunities in the market.
The capacitive technology segment contributed nearly about 46%, and dominated the global market in 2016. 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.
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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. 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 consumer electronics and retail segments collectively dominated the market share with around 60% share in 2016. 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.
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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 2016, 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 2016.
- In 2016, North America accounted for over 30% share globally; however, Asia-Pacific is expected to become dominant during the forecast period.
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.
Related Links:
Multi-touch Screen Market: https://www.alliedmarketresearch.com/multi-touch-screen-market
Foldable Screen Market: https://www.alliedmarketresearch.com/foldable-screens-market-A09643
Capacitive Touch Screen Market: https://www.alliedmarketresearch.com/capacitive-touch-screen-market-A13170
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