Sellbyville, DE -- (SBWire) -- 11/26/2018 --Multi-Touch Equipment Market will establish opportunities in entertainment applications due to the increasing adoption of these components in gaming consoles and joysticks. Several players are focusing on developing products to deliver technologically-advanced products in the sector. The device allows projection onto interactive multi-touch screen walls or tables for movie & gaming applications.
Global Multi-Touch Equipment Market is projected to surpass USD 20 billion by 2024. Growing penetration of touch panel displays in consumer electronic devices such as smartphones and wearable devices will propel the growth. The demand for easier and more intuitive technologies in several digital devices is increasing rapidly.
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The demand for multi-touch screens is driving the multi-touch equipment market growth over the forecast timespan. The technology is allowing the consumers to interact with the machines effectively and are replacing keypads & keyboards in personal computing devices such as tablets and smartphones. The penetration of these components into vending machines, industrial instruments, and home appliances will further aid in the industry growth.
Growing penetration of intelligent kiosks will fuel demand for the multi-touch equipment market. Several industries including retail and hospitality are implementing intelligent kiosks with the technology to increasingly attract customers. Such strategies will provide growth opportunities for the multi-touch equipment market growth.
Asia Pacific multi-touch equipment market will grow considerably due to the high production capacity of the region. Growing retail and entertainment sector in this region is providing growth opportunities for the industry due to technological adoptions. The players in the region are expanding their businesses in light of the growing demand for these components.
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The China multi-touch equipment market was estimated at around 13 million units, due to several players increasing the R&D investments in the manufacture of these products. The presence of several devices & display manufacturers in the region is one of the key factors for industry growth. The manufacturers are developing these products with benefits such as accurate touch points, advanced design, and customers-friendliness for applications such as trade shows and museums & showrooms.
Key players in the multi-touch equipment market include 3M, Displax Interactive Systems, Fujitsu Limited, Cypress Semiconductor Corporation, Immersion Corporation, JTouch Corporation, Synaptics, Inc., Samsung Electronics Co., Ltd., Panasonic Corporation, Apple, Inc., Microsoft Corporation, Wintek Corporation, and U-Touch UK.
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Multi-touch equipment market is gaining traction due to the increasing adoption of tablets such as iPads, with shipments to exceed 70 million units by 2024.