According to the recent study the voltage superior IC market is projected to reach an estimated $4.2 billion by 2028 from $2.7 billion in 2023, at a CAGR of 9% from 2023 to 2028. Growth in this market is primarily driven by growing demand for energy efficient electronic devices and increasing adoption in the aerospace and marine industries.
A more than 150 – page report is developed to understand trends, opportunities and forecast in voltage superior IC market by product type (multiple voltage monitor and single voltage monitor), application (communication, computing applications, consumer electronics, automotive, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Multiple voltage monitor market is expected to remain the largest segment during the forecast period.”
Based on product type, the voltage superior IC market is segmented into multiple voltage monitor and single voltage monitor. Lucintel forecasts that the multiple voltage monitor market is expected to remain the largest segment due to growing need for such ICs, which can monitor as well as control multiple voltages simultaneously.
“Within the voltage superior IC market, the consumer electronics segment is expected to remain the largest application”
Based on application the consumer electronics segment is expected to witness the highest growth over the forecast period due to the increasing application in various electronic devices, such as industrial controllers, digital cameras, MP3 players, bluetooth devices, and intelligent instruments, and personal digital assistants (PDAs).
“Asia pacific will dominate the voltage superior IC market in near future”
APAC will remain the largest region due to increasing security concern, surging demand for consumer electronics, and widespread adoption in the automotive industry.
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Major players of voltage superior IC market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Infineon Technologies AG, Maxim Integrated, STMicroelectronics, Rohm, and Texas Instruments are among the major voltage superior IC providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/voltage-superior-ic-market.aspx or helpdesk@lucintel.com
