Precision Measurement ICs Market Size will Observe Substantial Growth by 2031

Precision Measurement ICs: Introduction

  • Precision measurement ICs are integrated circuits that are specifically used for making precise and accurate measurements for across-the-board precision analog applications for industrial, IoT, healthcare, and other sensing applications
  • Precision measurement ICs reduce design and wiring complexity, and increase battery life for sensors and other devices

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Growth of Industrial IoT or Industry 4.0 driving the Precision Measurement ICs Market

  • Industry 4.0 is a family of inter-connected technologies that enables industry to collect, analyze, and decide upon massive amounts of diverse and distributed data, which calls for precise tests and measurements. Thus with greater adoption of Industrial IoT, the market for  precision measurement ICs is expected to witness rapid growth during the forecast period
  • The growth of healthcare IoT systems in the wake of the COVID-19 pandemic is also expected to drive the growth of the precision measurement ICs market
  • The rising sense of quality control, and enhanced health and safety measures being implemented at manufacturing units is another  factor that is expected to propel the market growth of precision measurement ICs

The APAC market set to witness significant growth during the forecast period

  • In terms of region, the precision measurement ICs market can be divided into North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America.
  • North America is expected to lead the market share during the forecast period due to the presence of a huge number of manufacturing facilities that are implementing industrial automation. The APAC market for precision measurement ICs on the other hand, is expected to witness maximum growth during the forecast period backed by growing manufacturing prowess in China, Japan, South Korea, and India.

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Key Players Operating in the Precision Measurement ICs Market

The precision measurement ICs market is highly fragmented with steep competition amongst the key players. Market players are focused on innovation and continuous research and development as key strategic initiatives. Some of the major players covered in the report are:

  • Maxim Integrated
  • Texas Instruments
  • Analog Devices
  • NXP Semiconductors
  • ON Semiconductor

Global Precision Measurement ICs Market: Research Scope

  • Global Precision Measurement ICs Market, by Type
    • Current Sense Amplifiers
    • Digital to Analog Converters
    • Analog to Digital Converters
    • Programmable Gain Amplifier
    • Others
  • Global Precision Measurement ICs Market, by Application
    • Data Acquisition
    • Industrial Process Control
    • Medical Instrumentation
    • Power-management Systems
    • Others
  • Global Precision Measurement ICs Market, by End-use Industry
    • Healthcare
    • Manufacturing
    • Telecom
    • Automotive
    • Others
  • Global Precision Measurement ICs Market, by Region
    • North America
      • U.S.
      • Canada
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • New Zealand
      • South Korea
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Mexico
      • Brazil
      • Argentina

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