In this report, Technavio covers the market outlook and growth prospects of the global hot swap controllers market for 2016-2020. To calculate the market size, Technavio analysts consider the revenue generated from the sales of hot swap controllers worldwide during the forecast period. The report also presents the vendor landscape and a corresponding analysis of the top vendors operating in the market.
“In 2015, the telecommunications segment accounted for a revenue share of above 61%, followed by the computer hardware segment with around 39%. The revenue share of the computer hardware segment will reduce to almost 32% during the forecast period,” says Navin Rajendra, an industry expert from Technavio, specializing in embedded systems research.
Technavio’s research study segments the global hot swap controllers market into the following regions:
In 2015, APAC dominated the global hot swap controllers market with a revenue of USD 1.5 billion and accounted for a share of almost 67%. APAC was followed by the Americas with a market share of nearly 22% and EMEA with a market share of about 12%.
The hot swap controllers market in APAC will grow to USD 2.35 billion by 2020, growing at a CAGR of above 9% during the forecast period. The primary reason for the substantial revenue contribution from this region is the high concentration of OEMs and ODMs in the region. The growing demand for hot swap controllers in Ethernet switches, storage systems, and SSDs, which are largely manufactured in APAC, will fuel the market growth in this region. The low establishment and labor costs, high quantity of raw materials, and business-friendly government policies have helped companies launch their production centers in this region.
“Technological advances in power semiconductor technology are also fueling the growth of the market in this region. Countries such as China, Taiwan, South Korea, and Japan are home to firms that have a strong presence in the electronics manufacturing industry, which is another key reason for APAC's dominance in the global market,” says Navin.
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The hot swap controllers market in the Americas is foreseen to reach USD 617.5 million in 2020, growing at a CAGR of about 5% during the forecast period. The market share of the Americas will rise gradually due to increased industrialization in the region. This will have a positive impact on the growth of the market. Though the US and Canada are mature markets, manufacturing facilities that produce consumer electronic devices and network equipment are still being established in countries such as Mexico, Brazil, and Argentina. This will increase the demand for hot swap controllers in the Americas during the forecast period.
The hot swap controllers market in EMEA will grow to USD 319.4 million by 2020, growing at a CAGR of 4.33% during the forecast period. EMEA had the lowest share in the global hot swap controllers market in 2015, which will fall further to 10.64% market share by 2020. Increased concentration of electronic manufacturing hubs in APAC, especially in China, and the booming demand for electronics in the Americas are responsible for the fading focus on the European hot swap controllers market.
The prominent vendors in the market are:
- Analog Devices
- Linear Technology
- Maxim Integrated
- Microchip Technology
- ON Semiconductor
- Texas Instruments
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