LONDON–(BUSINESS WIRE)–Technavio’s
latest market research report on the global
digital IC market
provides an analysis of the most important
trends expected to impact the market outlook from 2018-2022. According
to Technavio analysts, the global
digital IC market
will grow at a CAGR of close to 8% during
the forecast period. The growing adoption of consumer electronics is a
major factor driving the market’s growth.

The use of digital IC in devices such as smartphone and tablets have
become crucial. The increasing focus on improving digital experience by
system integrators has resulted in the rising reliability of digital
ICs. On the other hand, integration of features such as gesture and
voice command in these devices require digital ICs in the back-end.
Consumer electronics devices such as smartphones and monitors also
extensively use digital ICs, which are considered as a significant
potential segment by the players in the market because of the high
volume of production/shipment of smartphones and monitors worldwide.

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In this report, Technavio highlights the increasing investments in
autonomous cars as one of the key emerging trends in the global digital
IC market:

Increasing investments in autonomous cars

Autonomous cars are also known as self-driving cars as they do not have
any interaction with a human driver. Autonomous vehicles depend on a
combination of sensors, actuators, and powerful processors to execute
the software. The operation provided by autonomous cars are navigation
and guidance, driving and safety, and managing basic internal systems.

“Automation in the automotive sector will require analog signals to
be converted into digital, thereby, requiring the use of digital and
mixed ICs. As the automotive segment is expected to undergo
digitalization over the forecast period, the global digital IC market is
also expected to grow uniformly. From infotainment systems to electric
vehicle charging and keyless entry, players in the market are designing
short-range digital signal ICs to cater to automotive applications,”
says
a senior analyst at Technavio for research on embedded
systems
.

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Global digital IC market segmentation

This market research report segments the global
digital IC market
into the following products (logical devices,
memory devices, and micro devices), end users (consumer electronics,
telecommunication, and automotive), and key regions (the Americas, APAC,
and EMEA).

The logical devices segment held the largest market share in 2017,
accounting for nearly 40% of the market. The market share for this
product is expected to decrease by 2022. The fastest growing product is
memory devices, which will account for nearly 37% of the total market
share by 2022.

APAC was the leading region for the global digital IC market in 2017,
accounting for a market share of nearly 71%. By 2022, APAC is expected
to continue dominating the market and register the highest growth rate.

 

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