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. For instance, in 2015, MultiTouch Ltd., a leader in interactive display systems, announced the opening of new offices in the region. The company also announced the launch of permanent MultiTaction iWall, a multi-touch wall.
Multi Touch Equipment Market growth will be propelled by the rapidly transforming interface technology and the on-going advancements in product design. The emergence of high-definition graphics along with the advent of new technologies such as IoT and artificial intelligence have also had a positive influence on the product development. The ease of application and design integrity of multi-touch devices has encouraged most of the end-users to adopt this next-generation transformation.
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In another instance, a leading OEM, Smartron has launched a next-generation multifunctional laptop with a multitouch feature in India. It is noteworthy to mention that India has been emerging as one of the largest markets for consumer electronics across the globe, and the launch of such advanced computing context devices will help consolidate its stance in the global multi touch equipment market. With the development of such multitouch supported devices, companies have been trying to modernize the functionality of electronic devices.
The 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 multi touch equipment market. For instance, in March 2017, Sony Corporation introduced its Xperia Projector equipped with a myriad of sensors that provide newer ways of communication & interaction. The device allows projection onto interactive multi-touch screen walls or tables for movie & gaming applications.
Nowadays, in order to attract more consumers, most of the companies have been tapping the latest technology trends such as the Internet of Things and artificial intelligence. On these grounds, product manufacturers have been signing long-term agreements with technology companies. For instance, recently, Microsoft announced its plan to launch an IoT and Intelligent Edge solution for its device partners. The newly developed device integrated with multitouch collaboration tools can be incorporated in MS Office and other Microsoft team applications.
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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 multi touch equipment market growth.
The escalating use of infotainment systems in the vehicles along with the surging deployment of multi-touch equipment in TVs, smartphones, laptops, and tablets are the most pivotal driving forces influencing the commercialization landscape of multi-touch equipment market. Heavy investments in R&D activities to modernize the existing product ranges also will push the industry trends ahead. For the record, multi touch equipment market size is slated to be pegged at an appreciable USD 20 billion by the end of 2024.
Major Point From Table Of Content:
Chapter 5. Multi-Touch Equipment Market, By Application (Revenue, Shipments)
5.1. Key trends in multi-touch equipment market by application
5.2.1. Market estimates and forecast, 2013 – 2024
5.3.1. Market estimates and forecast, 2013 – 2024
5.4.1. Market estimates and forecast, 2013 – 2024
5.5.1. Market estimates and forecast, 2013 – 2024
5.6. Multi-touch display walls
5.6.1. Market estimates and forecast, 2013 – 2024
5.7.1. Market estimates and forecast, 2013 – 2024
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