A quickly rising demand for touch screen devices will trickle down to a equally fast increasing demand for touch controller integrated circuits (ICs) and triple that market within five years, IHS estimates.
According to the market research firm, 2.4 billion touch controller ICs will be shipped in 2015, up from just 865 million in 2010. In 2011, the volume is forecast to hit a staggering 1.7 billion units.
“The expansion in touch controller IC shipments is due to the growing number of devices that employ touch technology,” said Randy Lawson, principal analyst for display and consumer electronics at IHS.
“Apple almost single-handedly ignited the market for touch in 2007 when it introduced the iPhone, which featured a multi-touch screen based on a projected capacitive touch technology," Lawson added. "Since the appearance of the iPhone, many other smartphone manufacturers have jumped on the bandwagon by deploying sophisticated touch sensors for their products.”
However, it is not just the smartphone and tablet that is supporting that growth. IHS noted that there are also ereaders, all-in one PCs, portable media players, portable navigation devices, flat-panel TVs and monitors, handheld video game players, automotive applications, digital still cameras and digital picture frames that push the segment.
IHS believes that 1.06 billion touch devices will ship this year, up from 515 million in 2010. Apple products accounted for 54 percent of touch screen products shipped in 2011.