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.
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.
Request a PDF Brochure with Future Analysis @
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.