“Global Surface Computing Market to reach a market value of USD 364 Billion by 2030 growing at a CAGR of 32.3%”
The Global Surface Computing Market size is expected to reach $364 billion by 2030, rising at a market growth of 32.3% CAGR during the forecast period.
Touchscreens and interactive displays are used for navigation, collision warnings, lane-keeping assistance, and adaptive cruise control. Therefore, the automotive segment captured $3,539.6 million revenue in the market in 2022. The automotive industry has witnessed the integration of advanced driver assistance systems (ADAS) that leverage surface computing. These technologies enhance vehicle safety and provide a more connected and intelligent driving environment. These aspects will pose lucrative growth prospects for the segment.
With the widespread use of smartphones and tablets, users have become accustomed to touch-based interfaces and gesture controls. This familiarity has increased expectations for similar intuitive interactions on larger surfaces, such as interactive tables, walls, or displays. Touch and gesture inputs provide users with a more intuitive and natural means of interacting with digital content. Additionally, Interactive displays provide a more engaging and dynamic user experience than traditional static displays. Users can actively participate, manipulate content, and receive real-time feedback, enhancing engagement. In retail, interactive displays create engaging product showcases, virtual catalogs, and interactive advertisements. Customers can explore products, view details, and make informed decisions, increasing interaction and potentially higher sales. The gaming industry has embraced interactive displays to create immersive gaming experiences. Interactive tables, walls, or displays enable gamers to interact with the gaming environment, providing a more dynamic and captivating gaming experience. Owing to these aspects, there will be increased demand in the market.
However, it often involves specialized hardware such as touch-sensitive displays, sensors, cameras, and processing units. These components are designed to enable multi-touch, gesture recognition, and other interactive features. The cost of purchasing and installing these hardware components can be substantial, particularly for larger displays or more advanced technologies. Developing or purchasing software applications optimized for these computing can add to the expenses. Likewise, ongoing maintenance and support are essential for ensuring the continued functionality of its systems. Businesses may need to invest in maintenance contracts, updates, and technical support services, adding to the total cost of ownership. These aspects will restrain the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Based on component, the market is segmented into hardware and software. The hardware segment held the largest revenue share in the market in 2022. Interactive displays are a fundamental component of surface computing hardware. The growing adoption of interactive displays in various sectors, including education, retail, healthcare, and corporate environments, has been a key driver of hardware segment growth. These displays facilitate touch-based interactions, allowing users to engage with digital content intuitively and interactively. These factors will boost the demand in the segment.
On the basis of display type, the market is divided into curved display and flat display. The curved display segment recorded a considerable revenue share in the market in 2022. Curved displays contribute to a visually striking and modern aesthetic. The display's curvature can enhance the overall design of surface computing solutions, making them stand out in various settings, from corporate environments to retail spaces. The design innovation associated with curved displays aligns with the industry's pursuit of sleek and futuristic product designs. Owing to these factors, there will be increased demand in the segment.
Based on vertical, the market is divided into healthcare, BFSI, automotive, hospitality, retail, and others. The healthcare segment recorded the maximum revenue share in the market in 2022. It is employed in healthcare facilities for digital signage and wayfinding solutions. Interactive displays assist patients and visitors in navigating complex hospital layouts, finding departments, and accessing relevant information. This contributes to a more efficient and patient-friendly environment, reducing confusion and improving overall satisfaction. These aspects will boost the demand in the segment.
Free Valuable Insights: Global Surface Computing Market size to reach USD 364 Billion by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured the highest revenue share in the market in 2022. North America is known for being at the forefront of technological advancements. A thriving ecosystem of technology firms, research institutions, and innovation centers comprises the region. Continuous advancements in hardware, software, and connectivity may drive the adoption of cutting-edge surface computing solutions in various industries. Thus, these factors will fuel the growth of the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 40.2 Billion |
| Market size forecast in 2030 | USD 364 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 32.3% from 2023 to 2030 |
| Number of Pages | 246 |
| Number of Tables | 360 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Component, Display Type, Vertical, Region |
| Country scope |
|
| Companies Included | Microsoft Corporation, Sony Corporation, Dell Technologies, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Apple Inc., LG Electronics Inc., Leyard Optoelectronic Co. (Planar Systems, Inc.), Lenovo Group Limited, HP Inc. and Fujitsu Limited |
By Component
By Display Type
By Vertical
By Geography
The Market size is projected to reach USD $364 billion by 2030.
Gesture recognition and touch-based interfaces are driving the Market in coming years, however, High initial cost of implementation restraints the growth of the Market.
Microsoft Corporation, Sony Corporation, Dell Technologies, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Apple Inc., LG Electronics Inc., Leyard Optoelectronic Co. (Planar Systems, Inc.), Lenovo Group Limited, HP Inc. and Fujitsu Limited
The expected CAGR of this Market is 32.3% from 2023 to 2030.
The Flat Display segment is leading the Market, By Display Type in 2022; thereby, achieving a market value of $281.2 billion by 2030.
The North America region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $132,949.7 million by 2030.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 