With a large number of leading players, the global reset integrated circuit (IC) market demonstrates a competitive landscape, states a new research study by Transparency market Research (TMR). The top five market players, namely, Texas Instruments, Analog Devices, ST Microelectronics, Linear Technology, and On Semiconductor, held more than 55% of the overall market in 2016.
The key companies are majorly involved into product innovation through research and development. Over the coming years, a shift in their focus towards mergers and acquisitions can be seen, notes the research study.
As per the report, the global market for reset IC stood at US$1.39 bn in 2016. Researchers project it to rise at a CAGR of 12.50% during the period from 2017 to 2025 and reach an opportunity worth US$3.92 bn by the end of the period of the forecast. In terms of volume, the market is estimated to touch 6,100.8 mn shipment units over the same period of time. The consumer electronics sector has been registering a higher demand for demand for reset IC and is expected to remain doing so over the forthcoming years, states the report.
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Continued Lead of 1V to 5V Segment
According to the research study, the global reset IC market has been categorized into 1V to 5V, 5V to 10V, and above 10V on the basis of voltage ratings. Among these, the 1V to 5V segment has acquired the dominant position. Analysts expect this segment to retain its position throughout the forecast period.
The report further presents an analysis of the global market for reset IC on the basis of the geography. The Middle East and Africa, Asia Pacific, Europe, North America, and Latin America have been considered as the key regional market for reset IC in this research study. Asia Pacific, among these, has occupied the leading position in this market and is projected to maintain it over the next few years.
This region held a share of more than 60% in the overall market in 2016. The rising demand for IT hardware, office automation products, and consumer electronics, such as tablets, smart phones, and laptops, is expected to propel the Asia Pacific market for reset IC over the period of the forecast. Apart from this, the strengthening economy and the subsequent rise in the disposable income of consumers are also anticipated to stimulate this regional market in the near future, notes the study.
Increasing Demand for Electronic Gadgets to Influence Market Growth
“The rising demand for consumer electronics, globally, has impacted the worldwide reset IC market greatly,” says a TMR analyst. The increasing penetration of smart phones, laptops, tablets, and various wearable gadgets, such as smart watches and smart helmets, is also reflecting positively on the demand for reset IC. Electric gadgets, such as these, can be severely damaged by the frequent voltage fluctuations. As reset ICs safeguard the internal circuits of these devices, preventing them from malfunctioning, their usage has increased substantially, boosting the market’s growth.
Presently, the market looks flourishing. However, the inability to bear extreme voltage fluctuations of these circuits may affect their uptake and create obstacles in their progress path in the years to come, states the research report.
Company Name: Transparency Market Research
Contact Person: Mr. Rohit Bhisey
Country: United States