London, 25 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global IC market 2015-2019, which is estimated to grow at a CAGR of 3.96% during 2014-2019.
Vendors in the market are focusing on reducing the cost and simplifying technology to capture potential OEM customers. At the same time, any fluctuation in demand for the devices that use ICs will have a direct impact on the demand for ICs. Innovation is high in the market, with an increase in the number of vendors offering products with enhanced stability and performance.
“Semiconductor content plays a key role in this process, especially in networked communication and driving automation,” says Faisal Ghaus, Vice President of Technavio.
“Next-generation automobiles are likely to include speech recognition, video and image compatibilities, and use ICs in LED front lighting, to provide optimal driving experience.”
Key Market Drivers
- Increased adoption of smartphones and tablets
- Increased adoption of Ultrabook PCs
- Increased adoption of digital TVs
- Growth in smart home and smart grid technology
Key Market Trends
- Growing focus on IoT
- Automation in automobiles
- Growing popularity of wearable technology
Key Market Vendors
- Intel
- Micron Technology
- Qualcomm
- Samsung Electronics
- SK Hynix
- TSMC
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
