Tablet production to grow 25% this year, predicts IHS
Despite concerns tablet growth might slow, IHS Technology forecasts tablet production will surge 25 percent this year compared with last year.
Overall, IHS expects production of connected devices will top 6 billion units this year, up 6 percent from last year, the largest production increase in four years.
Leading the way will be game console production, which is forecast to increase at a robust 45 percent rate, spurred on by a product refresh of Sony's PlayStation and Microsoft's Xbox late last year.
"The improved growth this year of the connected devices industry marks the return of higher production as manufacturers deliver all sorts of connectivity equipment to users. Given the voracious appetite of consumers for social media and their yen for always-on connectivity, it's little surprise that makers will continue to turn out such devices to keep buyers engaged," says Jagdish Rebello, senior director for information technology at IHS.
"The biggest surge in production took place in the earlier years of the connected devices era in the first seven years after the new millennium, when production spiked by as much as 27 percent annually and yearly growth rates frequently hovered in the 20 percent range," Rebello adds.
Connected device production growth rates are expected to slow in the next few years, even though total units produced will continue to rise. Between 2015 and 2017, an estimated 19.42 billion new connected devices will hit the market.
- see the IHS release
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