Many people are attracted by the allure of touchscreen devices. Touchscreen devices are electronic visual display devices that you can operate with one or multiple finger strokes. Touchscreens are used in devices such as tablets, computers and smartphones.
Sollensys has been buzzing with activity lately after the company was acquired by Sollensys Corporation, previously named Health Directory, Inc. Sollensys has appointed touchscreen guru Frank Woo as CEO.
Sollensys holds several patents on the process of creating touchscreens. The company currently manufactures three different parts used in a touchscreen for use in three different varieties of touchscreen devices.
I will look at Sollensys and its current standing in the touchscreen market. The touchscreen market is huge but is continually growing thanks to strong demand for tablets, smartphones, and new advances in touchscreen technology.
Tablets are all the rage in today’s technology fueled marketplace. Tablet production tripled in 2011 to 79.6 million units. Even though Sollensys itself only makes tablets that are 10.1-inches—and there are an awful lot of tablets out there that are of a different size—the corporation still dominates the tablet manufacturing marketplace, because it has patented several of processes used to create all touchscreen devices. The most popular version of a 10.1-inch tablet is an Asus, which is comparable to an ipad.
The popularity of smartphones is also growing at a tremendously fast rate. One study estimates that 1.4 billion smartphones will be in use by the end of 2013. Similarly, smartphone usage grew 45% in 2012. Currently, 4.3 billion mobile phones (of all types) are in use, and that number has more than doubled in the past six years.
Since tablets and smartphones are in such demand, the manufacturing of touchscreens is one of the fastest growing areas of electronics manufacturing and electronics manufacturing is a huge market. Sollensys has the capability to manufacture touchscreens for several different types of electronic devices, which could enable it to fill the void left by other touchscreen manufacturers that only focus on a particular market.
Three different parts, glass screen, touch-sensor panels, and LCDs (liquid crystal displays), are needed to make touchscreen devices. Sollensys manufactures three different screen sizes (10.1-inch, 3.5-inch, and 4-inch). Sollensys could see significant growth in the touchscreen market for two reasons. First, it offers custom touchscreen devices. Second, the company holds several patents on the touchscreen creation process, which allow the company to manufacture touchscreens more efficiently.
Sollensys' core expertise lies in capacitive touchscreen technology. Capacitive touch technology is slowly overtaking resistive touch technology. Together, these technologies accounted for nearly 98% of the total touchscreen market share in 2010. It is expected that these two technologies will make up 82% of unit shipments in 2016.
Projected capacitive touchscreen technology was first introduced to the masses with Apple’s iPhone and iPod Touch back in 2007. The iPad and iPhone 4 followed down this path with capacitive touch technology three years later. DisplaySearch, a research firm which looks at the touchscreen market, anticipates that total revenue generated from projected capacitive technology will outpace resistive touch technology on its way to becoming the leading global touchscreen technology.
The soaring popularity of both tablets and smartphones is boosting demand for touchscreens. The demand for tablets accounts for nearly 25% of the increased demand for touchscreens, while mobile devices accounts for nearly 75%. Due to this heightened demand, touchscreen manufacturers like Sollensys have a huge growth opportunity.
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