According to the latest market study released by Technavio, the global bus switch IC market is expected to grow at a CAGR of more than 4% during the forecast period.
This industry research report identifies Toshiba, Texas Instruments, and NXP as the key vendors in the global bus switch IC market. This industry research report also presents a competitive analysis of the market by application (consumer electronics, computer electronics, and data centers) and by geography (the Americas, APAC and EMEA).
Overview of the global bus switch IC market
Research analysis on the global bus switch IC market identifies that the growing demand for cloud computing and Internet of Things (IoT) is one of the major factors that will have a positive impact on the market’s growth. With the rise in globalization and urbanization across all regions around the world, the IoT market is witnessing significant growth. A large number of people have easy access to cloud computing solutions and communication portals and it has been observed that more than 80% of all data center traffic will be cloud based in the next three years. System downtime and loss of data will significantly affect businesses that depend on cloud computing. This will demand the need for bus switches since they allow module replacements without bringing down the system. Additionally, bus switches also support non-transparency and multi-root features that provide redundancy and failover accurate levels of in enterprise applications. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 4% by 2021.
Owing to the emergence of several platforms that provide a range of services, the communications sector is witnessing numerous changes. The public switched telecommunication network (PSTN) is one such communication platform and it is being adopted in several developing nations since it offers access to all commercial and residential buildings. Merging network technologies, services, and in-terminal equipment will provide a new business model to the communication sector. Additionally, this convergence will also enable access to communication services across different networks and the ease to provide services over multiple platforms. This will result in the increasing convergence of commercial and residential networks, which according to this market research and analysis, will be one of the major trends that will gain traction in the bus switch IC market.
Competitive landscape and key vendors
The bus switch IC market is highly competitive due to the rising competition among the existing players and the emergence of regional players. To sustain the competition, the key vendors are coming up with market strategies such as forming new entity or M&A. For instance, NXP Semiconductors has divested its Standard Products business line to form a new company called Nexperia which is expected to be a major player in the market. Such initiation by the vendors of the market will subsequently intensify the competition among the large and small market players in the forecast period.
The leading vendors in the market are –
- Texas Instruments
The other prominent vendors in the market are Diodes, Integrated Device Technology (IDT), Microsemi, Nexperia, ON Semiconductor, and WeEn Semiconductors
Segmentation by application and analysis of the bus switch IC market
- Consumer electronics
- Computer electronics
- Data centers
The consumer electronics segment accounted for the major shares in this market. These consumer electronics segment comprises of devices used for personal/home consumption. There is an increased preference for home appliances with smart features such as easy access to the Internet which will allow the user to operate it from remote locations. With the increasing demand for digitalization from the end user, vendors in this market are investing in the research and development of advanced technology. The growing demand for connectivity, networking, and cross-functionality between devices, will propel the growth of the bus switch IC market in this segment.
Geographical segmentation and analysis of the bus switch IC market
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market throughout the forecast period. This is mainly due to growth in the manufacturing bases of original equipment manufacturers (OEMs). The developing countries in the APAC witness a growing demand for domestic consumer electronics from the end users. The growing consumer awareness about the use of advanced technology and the inclination towards better standard of living, will boost the market’s growth in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global bus switch IC market?
- What are the key market trends impacting the growth of the global bus switch IC market?
- What are the challenges to market growth?
- Who are the key vendors in the global bus switch IC market?
- What are the market opportunities and threats faced by the vendors in the global bus switch IC market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global bus switch IC market?
Technavio also offers customization on reports based on specific client requirement.
This upcoming market research report on the global bus switch IC market is an essential part of Technavio’s hardware and semiconductor portfolio and offers key insights into the market space for embedded systems. Technavio’s insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies.
By considering the market forecast and size and the surging demand for various embedded systems, the market research professionals at Technavio offer an all-inclusive picture of the global bus switch IC market for the estimated period of 2017 to 2021. Additionally, our research practices help clients develop better growth policies and keep pace with the repetitively changing market landscape. This market study also offers a complete analysis of various embedded systems services based on the interpretation of the data grouped from specific resources such as channel partners and market stakeholders. This upcoming market research report on the global bus switch IC market also covers vendors like Nexperia, Mouser, Jameco Electronics, Integrated device technology, Fairchild, Texas Instruments, Toshiba, Pericom, On Semiconductor, and Microsemi.
This upcoming industry report on the global bus switch IC market also considers the growth of the related embedded systems markets such as the supercapacitor, which is expected to grow at a CAGR of more than 9% during the forecasted period. According to our analysts, the ability of the bus switches to be used for hot swapping and increasing demand for high-speed computing and communications systems are expected to influence the demand for bus switch ICs in the coming years. Additionally, to offer clients the scope to identify probable market prospects and expand in niche markets, this report on the global bus switch IC market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry report on the global bus switch IC market also offers insights into quick-growing segments within the hardware and semiconductor industry, including sectors like displays, sensors, and lighting. Furthermore, the report also offers insights into the changing competitive landscape and gives clients a realistic picture of the future direction of the industry.
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