Global ICs market in WPMDs is Projected to Grow at a CAGR of 13.5%

Date: 2015-08-12

“The global ICs market in WPMDs is projected to grow at a CAGR of 13.5% during the forecast period of 2014 to 2019. The growth of the global ICs market in WPMDs is driven by factors such as the increasing use of ICs in application areas such as ECG/EKG monitor, heart rate monitor, and blood pressure monitor, among others. In the global market, the Power IC (PMIC) and driver IC segments are expected to be the highest revenue-generators and drive the market in the coming years.

In this report, the global ICs market in WPMDs has been broadly classified on the basis of type into Power IC (PMIC), driver IC, and logic IC. The PMIC and driver IC segments together accounted for a market share of 74.9% in 2014 and are projected to grow at CAGRs of 13.3% and 14.2% respectively, during the given forecast period.  

The various application segments for the ICs market in WPMDs have been identified as ECG/EKG monitor, heart rate monitor, pedometer/activity tracker, blood glucose monitor, blood pressure monitor, and digital thermometer, among others.

There are numerous players in the global ICs market in WPMDs, which makes it highly competitive. As of 2014, the top market players of this market have been identified as Texas Instruments, Inc., STMicroelectronics N.V., FreeScale Semiconductor, Inc., ON Semiconductor, and Analog Devices Inc., among others. Texas Instruments and STMicroelectronics together accounted for a huge majority of the overall market share in 2014.

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