The Global Market for Multi Touch Screens is Projected to Reach US$8 Billion by 2020

Demand for Smart Computing Devices in Myriad Form Factors Drives the Multi Touch Screens Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Multi Touch Screens markets. The global market for Multi Touch Screens is projected to reach US$8 billion by 2020, driven by the era of mobile computing and the development of smart computing devices in myriad form factors.

The advent of touch screen interface technology has revolutionized the way people interact with various types of electronics devices and systems. Key benefits such as fast and rapid access to digital media by eliminating text-bound interface and ability to design smaller devices in line with the current miniaturization trend are driving demand for touch screen technologies. Additionally, massive improvements in computing power, developments in graphics technology, launch of new wireless technologies, and proliferation of data rich information are driving demand for touch interfaces in various electronic devices. Multi touch screen technology represents an advancement over the touch screen technology, by supporting multiple touches at the same time and recognizing intuitive touch gestures three times faster as compared to traditional touch screens. As a replacement for touch-pads, keyboards, key pads and mouse, multi touch screens are gaining prominence in consumer electronics.

Technology developments, declining costs and increasing demand for smart HMI interfaces are driving demand for multi-touch screen technologies. Also, growing demand for advanced smartphones, covetable/hybrid notebook PCs, all-in-one PCs and automobile monitors is expected to spur application scenarios for multi-touch screens. While multitouch technology is commonly used in smartphones, the technology is being incorporated into relatively larger devices such as tablet PCs, touch tables and laptop trackpads. An increasing number of operating system providers are offering an integrated interface support to meet the demand for multi-touch sensing, creating significant market prospects for multi-touch screen technologies.

Multi touch screens are manufactured using projected capacitive multi touch screen technology, which not only reduces the overall cost of devices but also provides high levels of sensitivity and better display apart from adding lightweight and thin characteristics to electronic devices. Various other benefits such as zero-pressure touch and long life are enabling the adoption of the technology in mobile phones as well as tablets. Though resistive touch technology ruled the touch screen market for a long time, particularly in phones, the technology has been overshadowed by projected capacitance technology as the later enables multi touch features. Smartphones constitute the primary application market for projected capacitive multi touch screen, with media tablets emerging as another key market for the technology. Revenue growth in the projected capacitive multi touch screens market, in the coming years, will come from the technology’s rising adoption in a range of consumer electronics devices including notebook, laptops, digital cameras, portable gaming devices and e-book readers, among others. Resistive touch screen technology is emerging as an alternative to expensive projected capacitive touch screen technology in various applications such as automobiles, medical devices and low-cost smartphones, where muti touch functionality is achieved by upgrading touch controller ICs in existing resistive touchscreens.

As stated by the new market research report on Multi Touch Screens, the United States represents the largest market, worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 18.1% over the analysis period, led by factors such as strong economic growth, digitalizing lifestyles of the growing base of middle class population and increasing consumer spending on smart electronic devices.  

Major players covered in the report include 3M8 LLC, 3M Company, Baanto International Ltd., Cando Corporation, Cypress Semiconductor Corporation, Displax Interactive Systems, ELK Corp., Fujitsu Limited, HannsTouch Solution Inc., Immersion Corporation, IntuiLab SA, JTOUCH Corporation, Nissha Printing Co., Ltd., Synaptics, TouchMagix Media Pvt. Ltd., TPK Holding Co., Ltd., Wintek Corporation and Young Fast Optoelectronics Co., Ltd. among others.

The research report titled “Multi Touch Screens: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific and Rest of World.

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