According to the latest report by IMARC Group, titled “Voltage Supervisor ICs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global voltage supervisor ICs market size reached US$ 2.47 Billion in 2022. Voltage supervisor ICs are integrated circuits specifically designed to monitor and control voltage levels in electronic systems. These ICs consist of a comparator, a voltage reference, and a flip-flop or latch circuit. They provide an essential safeguard against power supply-related issues and help prevent system failures, data corruption, and potential damage to electronic components. They also assist in providing extra diagnostic coverage and redundant safety monitoring in systems that require functional safety, such as safety integrity level (SIL) or automotive SIL (ASIL) ratings. As a result, they are widely used in a variety of applications, including microprocessors, microcontrollers, memory modules, power supplies, automotive systems, industrial control systems, and communication equipment.
Global Voltage Supervisor ICs Market Trends:
The rising demand for energy-efficient electronic products is driving the global market. Moreover, the proliferation of electronic devices across various industries, including consumer electronics, automotive, healthcare, and industrial sectors, is catalyzing the market as these ICs are crucial for ensuring the reliable operation and protection of sensitive components in these devices. In line with this, the rapid adoption of the Internet of Things (IoT) and wearable devices is creating a positive market outlook. Besides this, the increasing demand for residential automation for domestic activities, such as lighting, air conditioning, heating, and ventilation systems, is impelling the market further. Apart from this, the rising demand for voltage supervisor ICs in the communications industry for smartphones, battery packs, and telecom power systems is impacting the market favorably. Other factors, including rapid digitization, the widespread adoption of smartphones, and ongoing technological advancements, are also projected to propel the market further. On account of the aforementioned factors, the market value is projected to reach US$ 4.37 Billion by 2028, expanding at a CAGR of 10.1% during 2023-2028.
- Based on the type, the market has been segmented as multiple and single voltage monitors.
- On the basis of the application, the market has been categorized into communication, computing applications, consumer electronics, automotive and industrial segments. Presently, communication exhibits a clear dominance in the market.
- Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific holds the leading position in the market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Infineon Technologies AG, Maxim Integrated (Analog Devices Inc.), Renesas Electronics Corporation, Rohm Co. Ltd., Semiconductor Components Industries LLC, STMicroelectronics N.V., and Texas Instruments Incorporated.
|Base Year of the Analysis
| Historical Period
||Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Infineon Technologies AG, Maxim Integrated (Analog Devices Inc.), Renesas Electronics Corporation, Rohm Co. Ltd., Semiconductor Components Industries LLC, STMicroelectronics N.V., Texas Instruments Incorporated, etc.
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