What is Touchscreen Technology?
Touch screen technology is a type of gesture based technology. A Touch screen is an electronic visual display capable of detecting and locating a touch over its display area. Touch screen panel is widely employed in tablets, smartphones, personal computers, and laptops. Furthermore, ease of usage, accessibility, and ergonomics are the key factors driving the touch screen technology. The supplier landscape covers manufacturers who offers various types of touch screen. By technology type, the market is segmented into resistive, capacitive, surface acoustical wave (SAW), and infrared (IR).
1. Consumer Electronics: How touch screens work in more and more places including home appliances, mobile phones, retail, medical devices etc. Refrigerator with human-machine interface (HMI) extremely useful feature for smart refrigerator. For instance, STONE (US), the first touch screen smartphone module manufacturer helps in controlling the cooling efficiency, display the current the temperature inside the refrigerator, display the current indoor and outdoor temperature
2. Automotive & Defense: With increasing demand for interior comfort and infotainment systems, the application of touchscreen technologies has increased significantly in the past few years. Also, self-driving cars are expected to further increase the demand for touchscreen technology in the automotive sector. Furthermore, prototypes of future electric cars in Autoexpo to propel the demand for touch screen technology in future. Similarly, touch screens are extremely useful in defense operations as they provide broad functions in a more intuitive manner and therefore enabling command and control at time of emergency response. Furthermore, companies such as Xenarc Technologies (US) and AD Metro manufacturers rugged touch screen modules and controllers for defense operations, retail, industrial and automotive sector
3. Healthcare: Touch screen technology is expected to play important role in strengthening healthcare system. Touch screens devices provide doctors and nurses with faster access to patient data. In addition, touch screen technology makes the handling of complex medical instruments and devices easier and more efficient. Also, for convenient operation of hospitals kiosks can often be found in the entrance area
What is the Global Market Size of Multi Touchscreen Market?
The global touch screen technology market is analyzed to grow a steady rate from $64.6 billion in 2020 to $96.7 billion in 2025 at a CAGR of 8.39%. The global touch screen technology market is expected to witness significant growth over the forecast period owing to the increasing smartphone and tablet production. Continuous innovation has resulted in a significant shift from traditional large, slow, and inaccurate resistance technology based single touch to a high speed multi-touch capacitive screen.
Which region is expected to hold the highest market share in the Multi Touchscreen Market?
North America holds the largest share in the global touchscreen technology market owing to the presence of the major manufacturers in the region. US dominates the global touch screen technology market and is expected to continue its leading position over the next few years. The industry is likely to witness substantial growth owing to high technology use, coupled with growing demand for superior picture quality and portable, wearable devices and healthcare equipment.
The major players in the global touchscreen technology market are Panasonic North America, Samsung Electronics, Immersion Corporation, Fujitsu, TSI touch, Cypress Semiconductor, and Synaptics among others.