Multi Touch Screens Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[232+ Pages Report] According to the report published by Facts Factors, the global multi touch screens market size was worth around USD 9,986.17 million in 2021 and is predicted to grow to around USD 20,952.66 million by 2028 with a compound annual growth rate (CAGR) of roughly 13.17% between 2022 and 2028. The report analyzes the global multi touch screens market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the multi touch screens market.

Market Overview

Multi touch refers to the advanced computing technology that allows a digital surface known as a touchpad or touchscreen to recognize and process the presence of two or more points of contact between the surface and the object touching it, simultaneously. The detection of multiple presences at the same time is the most crucial factor that distinguishes single touch screens and multiple touch screens. The technology was first used at the Massachusetts Institute of Technology, European Organization of Nuclear Research (CERN), Bell Labs, Carnegie Mellon University, and the University of Toronto in the 1970s and was used to control the Super Proton Synchrotron. However, with technological innovations and the development of micro-units for compact digital devices like laptops, television sets, smartphones, and others, multiple touch screens can now be accessed in daily lives with multiple new-age home and personal use devices finding applications of the multiple touch screen technology.

Key Insights

• As per the analysis shared by our research analyst, the global multiple touch screens market is estimated to grow annually at a CAGR of around 13.17% over the forecast period (2022-2028).
• In terms of revenue, the global multiple touch screens market size was valued at around USD 9,986.17 million in 2021 and is projected to reach USD 20,952.66 million, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on technology segmentation, capacitive was predicted to show maximum market share in the year 2021
• Based on application segmentation, consumer electronics was the leading application in 2021.
• On the basis of region, North America was the leading revenue generator in 2021

Covid-19 Impact

Monetarily, the global market cap was significantly impacted during the pandemic with a major sales drop owing to less demand for consumer electronics, which essentially contributed heavily to the global market revenue. However, in the long run, the virus is projected to aid higher product adoption as multi-touch screen technology witnessed an increase in application in the healthcare sector, owing to operational efficiency.

Growth Drivers

• Increasing use of smart technology to drive market growth

The global multi touch screen market is anticipated to grow owing to the increasing market penetration of smart technology producers like smartphone companies, laptops, computers, and gaming gadgets. The new range of personal use items, especially the digitally advanced devices are the largest consumers of multi touch screens along with other high-end digital devices. However, in the current modern world, compact smart devices are used by every individual in some form of the others. In 2007, Apple Inc, a revolutionary multinational consumer electronics, online services, and software giant, invested in the application of capacitive multi touch technology for the iPhone, the company's range of smartphones. Since then, multiple other consumer electronic companies have invested resources for research & development purposes as the demand for high-technology products is growing exponentially. As per a May 2022 report, more than 52% of the smartphone market is dominated by Apple phones.

Restraints

• Frequent calibration to restraint market expansion

Calibration in technology is the process of creating accurate touch coordinates that are mapped to the underlying display screen. Improper calibration can lead to the device losing its touch accuracy and sensitivity, thus failing its most basic deliverable. Since multi touch screens require frequent calibration readjustment, especially in resistive touch screens, it could lead to potential loss of consumers until the manufacturers of the device can find concrete and easy solutions to the problem.

Opportunities

• New technology integration to provide exceptional growth scenarios

The global multi touch screens market size may benefit from the increasing development activities undertaken by the industry players to incorporate new and advanced technology in devices that use multi touch screens. For instance, research on gesture recognition technology uses sensors to detect and process hand movements as various forms of command. The global market cap may also benefit from high-investment collaboration across inter-related industries leading to high revenue.

Challenges

• Limited availability of indium tin oxide to challenge market growth trend

The global market growth trend is projected to be challenged owing to the limited availability of one of the key resources namely indium tin oxide which is used for the protection of image sensors found in high-quality digital cameras. Since the product offers electrical conductivity as well as transparency, it is widely used as a coating in non-conductive materials.

Segmentation Analysis

The global multi touch screens market is segmented based on technology, product, application, and region.

Based on technology, the global market segments are capacitive, resistive, optical, infrared, and others. The global market was dominated by capacitive technology in 2021 owing to its high sensitivity as well as the ability to work with multiple-point inputs. They generally tend to increase the overall cost of the product as compared to resistive touch panels. As per Statista, almost 90% of all touch screens use capacitive technology.

Based on product, the global market is divided into tablets, smartphones, laptops, interactive screens, and television screens. The global market was dominated by the smartphone segment in 2021. As per data published by Global System for Mobile Communications (GSMA), there are more than 5.34 billion users of unique mobile phones as of 2022.

Based on application, the global market divisions are retail, consumer electronics, education, and others. Consumer electronics generated the highest revenue in 2021. The market for consumer electronics was valued at USD 1 trillion in 2020.

Recent Developments:

• In August 2022, Microsoft, an American multinational software giant, announced the launch of Surface Hub 2, a multi touch display with a 50.5-inch screen and a resolution of more than 4K. The new product comes with features like Tiling, which refers to the display of multiple pieces of content side-by-side, along with office 365, Microsoft Whiteboard, Integrated speakers, 4K cameras, and a far-field mic.
• In June 2022, Samsung Electronics America Inc. showcased the impact that its new product, the Samsung Flip Pro will have on the future of the education sector at the ISTElive 2022 expo. With availability in 75- and 85- inch sizes, it will help teachers in delivering dynamic lessons resulting in better outcomes.

Report Scope

Regional Analysis

• North America to generate the highest revenue during the forecast period

The global multi touch screens market is projected to be dominated by North America in the coming years owing to the advanced infrastructure of regions like the United States, and Canada. The major regional revenue is expected to be delivered from the American market owing to the presence of silicon valley in California. The place acts as a global hub for all major and advanced innovations, research, and technology. As of 2020, more than 117 initial public offerings (IPO) backed by venture capitalists originated in silicon valley with a net worth of USD 253 billion. The regional market may also be driven by the presence of industry giants like Apple Inc, Microsoft, and Google, all originating in the United States as well as increasing efforts and interest of other large corporations from other non-technical industries in the field of consumer electronics which further propels the demand for multi-touch screens as they are an extremely essential part of the new-age digital world.

Competitive Analysis

• Hewlett-Packard Company 
• 3M Company 
• Cypress Semiconductor Corporation 
• Apple Inc 
• Planar Systems Inc 
• Immersion Corporation 
• Fujitsu Limited 
• Microsoft Corporation 

The global multi touch screens market is segmented as follows:

By Technology

• Capacitive
• Resistive
• Optical
• Infrared
• Others

By Product

• Tablets
• Smartphones
• Laptops
• Large Interactive Screens
• Television Kiosks

By Application

• Retail
• Consumers Electronics
• Education
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America