September 27, 2023 07:52 ET | Source: Emergen Research Emergen Research
Vancouver, Sept. 27, 2023 (GLOBE NEWSWIRE) -- The global multi-touch screen market size reached USD 3.21 billion in 2022 and is expected to register a revenue CAGR of 14.4 % during the forecast period, according to the latest analysis by Emergen Research. Increasing use of multi-touch screens in consumer electronics, including laptops, smartphones, and tablets is driving market revenue growth. Multi-touch screens are widely incorporated in consumer electronics devices to make user interactions more engaging, allowing users to perform various multi-touch gestures such as tap, hold, zooming, rotating, swiping, and scrolling. Multi-touch companies are investing in manufacturing facilities to scale up production owing to high demand from Original Equipment Manufacturers (OEMs) in consumer electronics industry. For instance, Samsung Electronics is planning to invest USD 3.14 billion to manufacture display panels for smartphones, tablets, and computers. Moreover, advancements in multi-touch sensing and 3D touch technology are further expected to drive market revenue growth over the forecast period. Several companies including Apple and Samsung are working in the development of multi-touch sensing and 3D touch technology. 5 Inch Rugged Tablet
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However, rising costs of essential components used in the production of multi-touch screens is a major factor restraining revenue growth of the market. The design, manufacturing, and Capital expenditure (Capex) associated with multi-touch screens use various costly critical components, including touch sensors, display panels, controllers, microcontrollers, Field Programmable Gate Arrays (FPGAs), and other essential materials.
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Major Companies and Competitive Landscape
The global multi-touch screen market is consolidated, with few players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new solutions and services. Some major players included in the global multi-touch screen market report are:
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Some Key Highlights From the Report
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For the purpose of this report, Emergen Research has segmented the global multi-touch screen market on the basis of technology, product, end-use, and region:
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