Market Highlights
Power Management IC
market, as going by the trend, can gain impressive growth in the foreseeable
future. The global PMIC
Market is expecting an 9.1%CAGR during the forecast period (2020-2030), by achieving USD
67.39 Billion, reveals Market
Research Future (MRFR) in an elaborate study. Further, the study also includes
drivers, segmental analysis and regional analysis to understand the market
dynamics for the future.
Market Drivers
& Challenges
The power management
IC is known for having a broad range of chips that can be incorporated in
battery-operated devices, such as mobile phones and portable media players. It
has been observed that the rising miniaturing trend in the electronics industry
impacting the PMIC market massively in a positive way. The factor has been
counted amongst the prime, which is driving the market to explore more during
the provided forecast period.
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The study reveals that
the consumer electronics sector is a significant end-user of PMIC. Therefore,
the need for efficiency in power, high density and flexibility in the design of
power modules are also some of the influential factors supporting the market
growth. Apart from this, the growth of silicon-carbide (SiC) and gallium
nitride (GaN) is also likely to open new growth avenues for market players
going forward in the forecast period.
On the flip side, the
factor of, development issues mainly in the multi-power domain SoCs could raise
limitation to the adoption rate of power management IC and could hinder the PMIC
Market growth in the coming
years.
Key Players
The increasing focus of leading players in research and development for
new product launch is triggering competition in the global Power Management Integrated Circuit Market. In May 2018, Texas
Instruments Inc. (U.S.) has launched their new product, 100-Mbps single-pair
Ethernet PHY with SGMII support, which has enabled the simplification of
space-constrained automotive designs.
Some of the prominent players of the global power IC 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.
Market
Segmentation
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.
Global Power
Management IC Market, By Region:
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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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?
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