Market Research Future published a research report on “Power Management Integrated Circuits Market Research Report - Global Forecast To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
The Power Management Integrated Circuits Market is cementing its foothold due owing to the traction generated by information and communication sector globally, thus expecting an exponential expansion with 8.8% CAGR during the forecast period (2018-2023), declares Market Research Future (MRFR). The valuation of the market is also recorded as USD 38,388.9 Mn to achieve in the same period. The study encompasses several thriving factors and drivers that are contributing to the market’s growth in the present as well as in the future. PMIC includes a broad range of chips and can be integrated into battery-operated devices, such as mobile phones and portable media players.
Market Drivers & Trends
According to the report published by MRFR, the rising miniaturing trend in the electronics industry has a massive impact which is the chief Power Management Integrated Circuits market influencer. Apart from the information and communication sector, it is also getting popular with consumer electronics sector being a significant end-user of PMIC, which can be a great boon for the global Power Management Integrated Circuits market.
On the other hand, the factors such as the need for efficient power, high density and design flexibility of power modules are supporting the market growth inevitably. At the same time, the growth of silicon-carbide (SiC) and gallium nitride (GaN) are also likely to open new growth opportunities for market players going forward and acquire more valuation. On the flip side, the factor of development issues in multi-power domain SoCs can limit the adoption rate of power management IC in the coming years, thus restricting the market growth in the forecast period.
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Some of the key players in the market are Texas Instruments Inc. (U.S.), ON Semiconductor Corp. (U.S.), Analog Devices, Inc. (U.S.), Dialog Semiconductor PLC (U.K.), Maxim Integrated Products, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), and Linear Technology Corp. (U.S.), Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), among others.
The global power management IC market has been segmented on the basis of product and application. Based on products, the power management IC market has been segmented into voltage regulators, motor control ICs, integrated ASSP power management ICs, battery management ICs, and others. Among these products, the integrated ASSP power management ICs segment includes energy management ICs, wireless charging ICs, power factor correction controllers, LED driver ICs, battery charging and management ICs, Hot-swap controllers and power-over-ethernet (PoE) controllers. The power management ASIC/ASSP segment is anticipated to dominate the global market during the forecast period owing to the increased use of these products in smart phones, laptops, tablets, and other portable devices.
On the basis of application, the power management IC market is segmented into automotive, consumer electronics, industries, telecom and networking, wearable and others. Among these, the consumer electronics segment offer lucrative opportunities for the market players and is anticipated to project the fastest growth compared to other applications during the forecast period.
Detailed Regional Analysis:
On the basis of region, the global PMIC market is segmented into North America, Europe, Asia-Pacific and the rest of the world. Among these regions, Asia-Pacific accounts for the highest share in the global power management IC market, owing to the rise in demand for automated devices and semiconductors in this region. The booming automotive industry is driving the market in the North America region. High adoption of smart portable devices is fueling the demand for PMIC, leading to the expansion of the power management IC market in the rest of the world.
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TABLE OF CONTENTS
LIST OF FIGURES
Figure 1 Market Synopsis 17
Figure 2 Market Attractiveness Analysis: Global Power Management Ic (Pmic) Market In 2018 18
Figure 3 Global Power Management Ic (Pmic) Market Analysis, By Product, Market Share (%) 19
Figure 4 Global Power Management Ic (Pmic) Market Analysis, By Application, Market Share (%) 20
Figure 5 Global Power Management Ic (Pmic) Market Analysis, By Region, Market Share, 2018 (%) 21
Figure 6 Global Power Management Ic (Pmic) Market: Structure 23
Figure 7 Research Process 24
Figure 8 Top-Down & Bottom-Up Approaches 27
Figure 9 Market Dynamics Overview 30
Figure 10 Drivers Impact Analysis: Power Management Ic (Pmic) Market 32
Figure 11 Restraints Impact Analysis: Power Management Ic (Pmic) Market 33
Figure 12 Power Technology And Operating Frequency Of Materials 34
Figure 13 Value Chain: Power Management Ic (Pmic) Market 35
Know More about this Report @ https://www.marketwatch.com/press-release/power-management-ic-pmic-market-2019-global-size-historical-analysis-industry-growth-future-trends-competitive-landscape-opportunities-and-regional-forecast-2023-2019-05-22
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