Power Management IC (PMIC) Market 2019 Global Size, Historical Analysis, Industry Growth, Future Trends, Competitive Landscape, Opportunities and Regional Forecast 2023
Market Research Future published a research report on “Power Management IC Market Research Report – Global Industry Forecast To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – May 22, 2019 /MarketersMedia/ —
Market Snapshot
The global Power Management IC market is expected reach a valuation of USD 38,388.9 Mn by the year 2023, reflecting a CAGR of 8.8% during the forecast period (2018-2023). PMIC consists of a broad range of chips and can be integrated in battery-operated devices, such as mobile phones and portable media players. The rising miniaturing trend in the electronics industry is having a massive impact on the PMIC market. PMIC not only manage the flow and direction of electrical power but also helps in overcoming space constraints. The consumer electronics sector is a major end-user of PMIC. The need for power efficiency, high density and design flexibility of power modules are some of the factors supporting the market growth. At the same time, growth of silicon-carbide (SiC) and gallium nitride (GaN) is likely to open new growth avenues for market players going forward. On the other hand, development issues in multi-power domain SoCs can limit the adoption rate.
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Key Players
Texas Instruments Incorporated., Toshiba Corporation, Renesas Electronics Corporation, Analog Devices, STMicroelectronics, Maxim Integrated, Infineon Technologies AG, NXP Semiconductors, Dialog Semiconductors, and ON Semiconductor.
The Power Management IC Market is influenced by various macro-economic elements such as rapid technological change, rising demand for efficient consumer electronics, and fluctuations in currency exchange rates. Therefore, it is important for market keep a dynamic approach and compete on parameters such as price, quality and credibility.
The report covers the development strategies adopted by the companies between 2015 to 2018.
Key questions addressed by the report
• Which applications / segments provides the maximum growth opportunity?
• What are the emerging technologies and how it would disrupt the market?
• Who are the key players dominating the market, followed by other prominent vendors and strategies adopted by them?
• What was the market size and what would be the forecast in next few years?
• Regional and country attractiveness: mid to long term outlook?
• Market dynamics including trends, opportunities, drivers, challenges and how this would impact the market eco-system?
Market Segmentation
• By Product – Integrated ASSP power management IC (Battery Management IC, Energy Management ICs, LED Drivers ICs, PoE Controllers, PFC Controllers Hot Swap Controllers, Hot Swap Controllers, Wireless Charging ICs) Motor Control IC and Voltage Regulators.
• By Application – Consumer and Wearable Electronics, Automotive, Telecom and Networking and Industries.
Global Power Management IC Market, By Region:
In 2017, Asia Pacific (APAC) accounted for the largest market share in terms of value. Asia Pacific PMIC market is expected to witness a CAGR of 8.9% during the forecast period. APAC led by China offers lucrative market opportunities and is the go-to destination for market players. Economic upsurge and presence of an enormous semiconductor industry are some of the key factors boosting the market prospects in the region. Additionally, the presence of a large number of wafer fabrication manufacturers is contributing the market growth in APAC. China makes a significant contribution to the global semiconductor component supply, which characterizes its strong position in the market. The high investor confidence which is substantiated by favorable government policies indicates towards a business-friendly climate in APAC for the next several years.
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Key Development:
Texas Instruments has recently launched four small and accurate data converters, namely DAC80508, DAC70508, ADS122C04, and ADS122U04.
In November 2018, Toshiba launched a new 4-channel high-efficiency linear power amplifier IC—TCB702FNG.
In December 2018, Renesas Electric launched USB-C buck-boost battery charger to support both Narrow Voltage Direct Charging (NVDC) and Hybrid Power Buck-Boost (HPBB) charging.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 515643
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