A substantially cutthroat competitive landscape exists in the global reset integrated circuit (IC) circuit market, observes Transparency Market Research, based on a recent report. The market mainly showcased a consolidated outlook, wherein five key players comprised more than 55% of the total market shares in 2016. These five companies in the global reset integrated Circuit (IC) market are: On Semiconductor, Texas Instruments, ST Microelectronics, Analog Devices, and Linear Technology. Most of the players are highly participating in product innovation, by undertaking extensive research and development. In addition to this strategy, a noticeable trend is being observed regarding the competitive landscape, wherein a lot of emphasis on acquisitions and mergers, as per our expert analysts.
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North America Rakes in Maximum Revenue from Sales
The global reset integrated circuit (IC) market has been divided into various segments based on voltage rating, end user, and geography. On the basis of voltage ratings, the global reset integrated circuit (IC) market has been categorized into 1V to 5V, 5V to 10V, and above 10V. From these, the 1V to 5V segment has acquired a dominant position, mainly due to application in various sectors, as well as affordable costs. Expert studies expect this segment to retain its leading position throughout the entire forecast period from 2017 – 2025. From a geographical viewpoint, the global reset integrated circuit (IC) market consists of the following segments: Asia Pacific, Europe, Latin America, Middle East and Africa, and North America. From these, the North American region has held the mantle of leading segment as a result of extensive requirement of the circuits from different sectors.
Rise in Demand of Consumer Electronics Boosts Market
Rapidly surging economy and rise in the disposable income seen among consumers in the Asia Pacific region is expected to bolster the global integrated circuit (IC) market. This is mainly as a result of increased buying capacity amongst people and a preference of quality integrated circuits. An extensive surge in hardware used for automation products, IT systems, and consumer electronics such as smartphones, tablets, and laptops has also expected to positively contribute to the global reset integrated IC circuit market. Of these, consumer electronics has seen a maximum gain in not just production, but also in demand for utilization. The reset integrated circuits play a crucial role in the composition of these electronics, thus causing the associated market to gravitate further with a healthy growth rate. Even gadgets such as smart watches and helmets employ the use of reset integrated circuit (IC) market, which has seen an immense rise, thus expected to provide a tailwind to the market. Due to voltage fluctuations, the internal circuits in electronic gadgets may get destroyed. The reset integrated circuits can prevent this from happening, and hence are prove beneficial to the market.
In contrast to these boosting factors, the global reset integrated circuit (IC) market is influenced by a few hindrances. A chief obstacle involves the inability of circuits to sustain extreme fluctuations of the circuits that might affect their sales. However, numerous changes are expected to take place in the inherent composition of these circuits as a result of profound innovation from key market players. This is expected to significantly dilute the negative effects of the restraints affecting the reset integrated circuit (IC) market.