Multi-Touch Equipment Market Size

Multi-Touch Equipment Market Size

Multi-Touch Equipment Market size was over USD 10.5 billion in 2017, growing at a CAGR of over 10% from 2018 to 2024. The global shipments are expected to surpass 250 million units by 2024.

Multi-touch equipment market is expected to grow rapidly due to the increasing demand for devices equipped with multi-touch devices such as smartphones and tablets. The technology enables the user to interact with a system by performing multiple finger gesture. Several operating systems are providing integrated interface support in order to address the growing demand for the devices. For example, mobile OS including Android, iOS and Symbian^3, and desktop OS such as Windows 7, Mac OS X and Ubuntu, support multitouch detection. Individuals, such as panel operators, end users, engineers, purchasers, managers, decision makers, and executives, interact with the technology frequently. These advanced components cater to several requirements in verticals including entertainment, retail, industrial, automobile, and consumer sectors. The development of automotive electronics in the capacitive multi-touch screen is expected to fuel the industry growth over the next six years.

Technological advancements, such as tactile user feedback and acoustic feedback, to enhance the performance of the product are propelling the market growth. The manufacturers are using technology such as solenoid, piezoelectric actuation, ciliated surfaces, and pin matrices. The usage of these technologies is allowing the manufacturers to develop new advanced products to expand product offerings, thus positively impacting the industry growth. For instance, industrial 15” LED projected capacitive multi-touch equipment consists of panel and VESA mounting that can operate at (-200 to 600C) temperature with elegant design and five-wire resistive technology.
 

One of the major factors restraining the multi-touch equipment market growth is the high cost of production. The players in the mobile computing market are focusing on reducing the overall production costs due to the changing preferences of consumers. Furthermore, the high costs of glass touch panels and lack of availability of indium tin oxide (ITO) will also restrain the industry growth.