The global market for reset integrated circuit (IC) is heavily influenced by the growing demand for consumer electronics across the world. The significant increase in the user base of smart phones, tablets, laptops, and wearable gadgets, such as smart watches and smart helmets, is also boosting the demand for reset IC as these electrical gadgets are prone to frequent voltage fluctuations, which can damage their internal circuitry and lead to their malfunctioning, and the usage of reset ICs will prevent the devices from under-functioning and other damaging effects.
In 2016, the global market for reset IC was worth US$1.39 bn. Rising at a CAGR of 12.50% between 2017 and 2025, the opportunity in this market is likely to reach a value of US$3.92 bn by the end of 2025. In terms of volume, the market is estimated to account for 6,100.8 mn units over the same period of time.
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Asia Pacific to Retain Lead
The global market for reset IC is spread across the Middle East and Africa, Asia Pacific, Europe, North America, and Latin America. Presently, Asia Pacific is leading the global market and is expected to remain doing so over the next few years. In 2016, this region held a share of more than 60% of the overall market. Over the coming years, the growing demand for office automation products, IT hardware, and consumer electronics such as smart phones, tablets, laptops, is likely to boost the Asia Pacific market for reset IC substantially.
The significant growth in the Asia Pacific semiconductor industry, thanks to strong government initiative policies in the form of tax exemptions, subsidies, and the increasing grants in research and development activities, is also projected to reflect greatly on the Asia Pacific reset IC market in the near future. The improving economic condition and the increasing disposable income, leading to a rising demand for smart phones and tablets, are some of the other important factors behind the growth of this regional market.
North America, amongst other regional markets for reset IC, is expected to witness a considerable rise in its valuation over the forthcoming years, thanks to the technological advancements in the medical and healthcare industry in this region.
Demand for Reset IC to Remain High in Consumer Electronics Industry
Based on the end user, the global market for reset IC is categorized into the consumer electronics, automotive, industrial, and various other sectors, such as information technology, telecommunication, healthcare, and defense. The demand for reset IC has been higher from the consumer electronics sector and is followed by the automotive industry.
Researchers expect this trend to remain so over the forthcoming years, albeit at the cost of a few shares of the consumer electronics industry since it is already matured. Currently, the production of tablets and laptops has slowed down a bit and the manufacturing of smart phones – although their demand is significantly high at present – will gradually decline in the near future.
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The automotive sector is anticipated to the report an exceptional growth rate over the next few years, owing to the increase in the connectivity systems in vehicles, such as driver assistance systems, navigation systems, and infotainment systems.
Texas Instruments, ST Microelectronics, On Semiconductors, ROHM, Linear Technology, Analog Devices, Maxim Integrated, Cypress Semiconductor, Intersil Corp., and Renesas Electronics are some of the leading manufacturers of reset integrated circuits across the world.
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