Multi-Touch Equipment Market Share, Applications, Segmentations & Forecast by 2024

News   •   Aug 31, 2017 03:59 EDT

An outlook on Multi-Touch Equipment Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.

Multi-Touch Equipment Market size is estimated to witness a noticeable growth over the forecast timeline. These devices help individuals from various organizations to have a better control over resources and situation on the field resulting in ease-of-work. Several information systems are linked with future generation intelligent sensor networks that provide a flexible design. Greater situational awareness and central overview will lead to effective decision-making thereby spurring the demand for the industry.

The multi-touch equipment enables the user to interact with a system by using multiple fingers at the same time. Individuals, such as panel operators, end users, engineers, purchasers, managers, decision makers, and executives, interact with the technology frequently. This advanced product has several benefits in industrial, aerospace, automobile, pharmaceutical, energy & infrastructure, food & beverage, and consumer sectors. The development of automotive electronics in the capacitive multi-touch screen is expected to fuel the industry growth during 2016 – 2024. A wide use of products with advanced features will further drive the multi-touch equipment market.

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Devices provide a fast & accurate response, design flexibility, long product life cycles, easy integration, various solutions, excellent performance, durability, and advanced functionality. In addition, the customization of devices is likely to achieve design goals for the systems. Increasing consumer demand for advanced smart devices will expand the application and design scenario thereby contributing to the growth of multi-touch equipment market size.

Panels with advanced features are not prone to damage as mouse and keyboards devices are. The product eliminates the need for complex rewiring of control panels and are supported easily and quickly with software applications. This system has a relatively lower degree of complexity, leading to the expansion of the multi-touch equipment industry.

Reduced training time owing to more intuitive system handling will fuel the multi-touch equipment industry over the forecast period. Moreover, increased operational safety and better usability features may deploy the technology in countless applications.

With a mouse, one can reach distant positions on screen with minimum hand movements, whereas a touch screen has to cover a large distance with hands and arms. Muscle fatigue while communicating with large screens is a crucial factor that may act as a restricting factor for the growth of multi-touch equipment market.

Blind and visually impaired individuals may face barriers while operating these screens. For instance, Apple iPhone 3GS is resolving such problems by providing screen readers that are integrated with synthesized speech feedback in the advanced products. However, these screen readers are not sufficient as the complexity of the system increases. This is a challenging factor for the multi-touch equipment market.

Designing a system that distinguishes between different users, where multiple co-located individuals communicate simultaneously with the screens will cause complications. This constraint limits the multi-touch equipment market growth.

Technical issues such as screen vibration experienced by simultaneous users while providing feedback to individual may act as challenge to the industry players. The high component cost to manufacture the system will hamper the growth of multi-touch equipment.

Technological advancements, such as tactile user feedback, and acoustic feedback, can enhance the effect of the product. Error rates can be reduced with innovations over the forecast period. Technological approaches include solenoid, piezoelectric actuation, ciliated surfaces, and pin matrices. Innovations in the system will further enhance the multi-touch equipment industry in the coming years. For instance, industrial 15” LED projected capacitive multi-touch equipment consists of panel and VESA mounting that can operate in (-200 to 600C) temperature with elegant design and five wire resistive technology.

Increasing demand for flexible displays of the systems in several verticals will further create industry prospects over the projected timeline.

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The incorporation of hardware and software solutions in the system is provided by various companies. Software vendors are expected to have opportunities over the projected time frame by providing differentiated and value-added services for assorted products. This technology has influenced many vendors to develop products that have bright applications including government, retail, infotainment, education, and entertainment services.

North America is expected to have the largest industry share during the forecast time frame followed by Europe. Asia Pacific is projected to grow at the highest CAGR during 2016 – 2024. Latin America and the Middle East are estimated to have substantial growth rates in the coming years.

Multi-touch equipment market players are 3M, Touch Innovations, COPA-DATA GmbH, MultiTaction, IntuiLab SA, Baanto, Vectorform, FlatFrog Laboratories, Perceptive Pixel, U-Touch Uk, Jtouch Corporation, Samsung Electronics Co., Ltd., and Microsoft Corporation.

Industry participants expand their businesses overseas and strengthen their sales in other regions through mergers & acquisitions and partnerships. Companies invest in R&D and technological advancements to increase their product portfolio thereby extending its customer base across various verticals. Multi-touch equipment market is highly competitive in nature due to the presence of various solution providers.

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