Daily Management Review

Technavio Report Forecasts 12% CAGR In Global Reset IC Market For 2018-2022, Driven By Growth Of IoT


Technavio Report Forecasts 12% CAGR In Global Reset IC Market For 2018-2022, Driven By Growth Of IoT
The latest report from Technavio market research forecasts that the global reset IC market would register a growth of CAGR 12 per cent during 2018 and 2022.
The report is based on the segmentation of the aforesaid market according to end-user. The segments mentioned in the report are consumer electronics, telecommunication, automotive, industrial, and healthcare. The report also segments the industry on the basis of type 1-5 V, 5-12 V, and above 10 V as well as on the basis of geography - the Americas, APAC, and EMEA.
According to the report, the market drivers for the industry include growth of smart grid technology, enhancement in the need for external brownout protection and the development of Internet of Things (IoT).
According to the report, the importance of smart grids in the energy industry has enhanced due to their reliability and real-time information. A smart grid is a system that helps to detect and react to local changes in the usage of electricity and is a form of electricity supply network that is integrated with digital communications technology. Computational intelligence and network capabilities are also included in these systems.
According to a senior analyst at Technavio for embedded systems research, “Smart grids are developed to improved operations and the maintenance of electric grids by allowing smooth exchange of data between various components. Transmission lines, generators, transformers, smart meters, smart appliances, and energy-efficient devices are components of a smart grid.”
Brownout is defined as the restriction or reduction of electrical power in an area. When a brownout happens, there is regulations or a limit to the voltage available in contrast to a complete removal of supply of voltage for a certain period during a blackout. Some of the reasons for brownouts is overload of voltage o the power grid and older electrical systems. A reset IC sometimes integrates a brownout detector (BOD) and it enables a system to prevent a reset in cases when is an unexpected drop in voltage for a small period of time.
The global reset IC market has been majorly driven by a large growth in IoT. Equipped with unique indicators, an integration of computing devices, machines, objects, and people through a system is referred to a IoT. Data and information is transferred over a network in IoT, without any intervention or participation of human-to-human or human-to-computer contact. There has been a significant increase in the demand for bandwidth as IoT has enhanced demand for connected devices. By the use of a common networking standard allowing for interoperability among a large range of smart devices, vendors in the market are attempting to meet that demand of connecting multiple products, such as gateways, home appliances, entertainment systems for smart homes.
Growth in IoT will increase the need for enabler technologies which in turn is expected to influence demand of semiconductor foundries.
The global market for reset IC would be driven by the potential that is shown by use of IoT in several applications.

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