Global Digital IC Market 2018-2022
About Digital IC
A digital integrated circuit (IC) is required to keep a microcontroller unit(MCU), microprocessor, or a logical circuit under control. The digital IC is required to ensure stable operation of the devices. Digital IC includes memory devices, micro devices, and logical devices. Memory devices include volatile and non-volatile memory.
Technavio’s analysts forecast the global digital IC market to grow at a CAGR of 7.82% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global digital IC market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Digital IC Market 2018-2022
Technavio recognizes the following companies as the key players in the global digital IC market: Analog Devices, Maxim Integrated, SAMSUNG, STMicroelectronics, Qualcomm Technologies, and Texas Instruments.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing investments in autonomous cars. With the growing investments in the development of self-driving cars, vendors in the digital ICs market focus on offering driverless cars using an onboard computer requiring digital ICs. These vehicles depend on the combination of actuators, sensors, and powerful processors to execute the software.”
According to the report, one driver in the market is growing adoption of consumer electronics. With the increasing focus on enhancing the digital experience by system integrators, the reliability of digital ICs has increased considerably in the recent years.
Further, the report states that one challenge in the market is miniaturization of electronic devices. The increase in miniaturization of semiconductor electronic devices has compelled IC manufacturers to reduce the board space while maintaining costs.