Global Reset IC Market 2018-2022
About Reset IC
The reset IC market is characterized by the presence of many established vendors. These vendors are increasingly competing against each other based on factors such as product quality, product portfolio, and reliability. The top vendors in the reset integrated circuit (IC) market are identified based on research and developmental activities, experience, customer base, goodwill, geographical presence, and their financial condition. Based on end-user the market can be segmented into consumer electronics, telecommunication, automotive, industrial, and healthcare. The consumer electronics segment includes tablets, smart watches, home appliances, smart bands, smartphones, desktops, and portable PCs. The demand for reset ICs is increasing due to the rising sales of these consumer electronics.
Technavio’s analysts forecast the global reset IC market to grow at a CAGR of 11.89% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global reset IC market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of reset IC.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Reset IC Market 2018-2022
Technavio recognizes the following companies as the key players in the global reset IC market: Analog Devices, ON Semiconductor, ROHM Semiconductor, STMicroelectronics, and Texas Instruments.
Other Prominent Vendors in the market are: Cypress Semiconductor, Diodes, Maxim Integrated, Renesas Electronics, and Seiko Instruments.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing investments in autonomous cars. Autonomous cars are also known as self-driving cars. They are capable of driving themselves and navigating without any human interaction. Several investments have been made in the development of self-driving cars.”
According to the report, one of the major drivers for this market is growing popularity of smart grid technology. The demand for smart grids is increasing since they provide real-time information and are highly reliable. This in turn, results in an increased development of smart grids projects. The integration of network capabilities and computational intelligence enhances the maintenance of electric grids by allowing a smooth exchange of data between various components such as smart appliances, smart meters, generators, transmission lines, and transformers. The increasing installation of smart utility meters is driving the need for MCUs. This in turn, boosts the need for reset integrated circuit (IC) to bring the MCU back to a stable state, in case of an overload on the internal circuitry.
Analog Devices, ON Semiconductor, ROHM Semiconductor, STMicroelectronics, Texas Instruments, Cypress Semiconductor, Diodes, Maxim Integrated, Renesas Electronics, and Seiko Instruments.