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A recent report published by Infinium Global Research on the multitouch screen market provides an in-depth analysis of segments and sub-segments in the global as well as regional multitouch screen market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional multitouch screen market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global multitouch screen market. According to the report, the global multitouch screen market is projected to grow at a CAGR of 14.68% over the forecast period of 2021-2027.
The global multitouch screen
market was sized from USD 9.28 billion in 2021 to about USD 21.12 billion in 2027. The global multitouch screen
market is projected to grow with a CAGR of 14.68% during 2021-2027. The display
types, which can detect and respond to stylus or finger gestures at several
locations on a single screen are known as Multi-touch screens. This technology
was pioneered by Apple, Inc. by its introduction to iPhone and now the market
has gained traction, owing to its extensive demand from various industries
such as consumer electronics, retail, media, and others. Furthermore, for
offering a feedback and sensing system, a touch screen is incorporated into the
devices and requires three elementary components to provide a touch interface,
namely a controller integrated circuit (IC), a software driver, and a touch
sensor. From these components, a touch sensor is an essential component of a
touch screen, which is a two-dimensional device for sensing in the form of a
transparent sheet and creates an interface between the user and the display.
Moreover, due to the increasing use of those devices which are enabled with
multi-touch, Multi-touch technology has been witnessing increasing demand.
The significant factors expected to propel market growth over the forecast period are an increase in the number of electronic display devices, a rise in the trend of retail & media applications, and surge in investment from corporate users, and more. Moreover, there is increasing use and adoption of devices enabled with a multi-touch screen such as tablets and smartphones, due to which there is an expansion of the multi-touch screen market. Additionally, the growing demand for Apple’s iPad and the tremendous potential for the growth of tablets based on android are also anticipated to boost the market's growth. On the other hand, the primary factor that hampers the market’s development is the lack of availability of raw materials and the high cost of these panels. Due to such high prices, the multi-touch screen market is also restrained. Additionally, strict government regulations are also hampering the market’s growth. Nevertheless, an increase in the investment in multi-touch screen displays for emerging applications is providing exponential growth opportunities to the market.
North America is the current dominating region of the multi-touch screen market, and it is projected to maintain its dominance over a forecast period. There is enormous revenue growth in the region due to the increasing demand for wearable technologies & exceptional picture quality and high usage of technology-intensive products in the region's countries. Moreover, Asia Pacific has become the second dominating market region after North America, owing to the increase in demand for consumer electronics, wearable devices, and rapid growth in the retail industry. In addition, the Europe multi-touch screen market is anticipated to grow at a steady rate during the forecast period due to the region's increasing infrastructure development activities.
The report on the global multitouch screen market covers segments such as product, technology, and application. On the basis of product, the sub-markets include smartphones, tablets, PCs and laptops, kiosks, and other products. On the basis of technology, the sub-markets include resistive, capacitive, infrared, optical, and others. On the basis of application, the sub-markets include infotainment, enterprises, entertainment, and others.
The report provides profiles of the companies in the market such as Corning, Microsoft, 3M, LG Electronics, Interactive Systems, Cypress Semiconductor, Samsung Electronics, Displax, and Wintek Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the multitouch screen market. Moreover, the study highlights current market trends and provides forecasts from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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