Power Management IC Market 2019 by Key Trends, Size, Share and Forecast 2023

Posted by Akash Sangshetti on October 17th, 2019

Market Synopsis

The power requirements of the host system are managed by the power management integrated circuits (PMIC). The compactness of the PMIC aids the application of these ICs in portable media players, mobile phones and other battery operated devices. The benefits provided by PMIC, such as efficient power conversion and heat dissipation, are increasing the rate of incorporation of PMIC in a wide range of devices.

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).

Market Drivers and Restraints:

The consumption and cost of energy had increased dramatically since past few years, inducing demand for energy-efficient devices. The growing demand for power saving electronic devices is increasing the application of power management IC in a wide range of products, which is acting as a major driving force for the expansion of the global power management IC market. The rapid progress in smart grid technology, the inclination of the urban population towards smart homes, increased usage of portable devices such as tablets and smart phones, increasing processing time on computing are some of the important factors that are increasing the demand for PMIC in the market, leading to the expansion of the global power management IC market. The rapid development of automotive industry is increasing the application of PMIC in hybrid electric vehicles extensively, which is fueling the growth of the power management IC, globally.

Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/5038

The increasing investment of governments of different countries in research and development for building smart cities that include the application of advanced technology is generating demand for energy conservation, leading to the increased adoption of power management IC in different sectors. This rise is demand is projecting a positive impact on the growth of the global power management IC market. Along with these, the rise in awareness for energy harvesting solutions, increased application of LED (light emitting diodes) and the rise in the number of data centers are some other vital factors driving the global power management IC market.

Key Players

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.

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.

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.

Get complete Report @ https://www.marketresearchfuture.com/reports/power-management-ic-market-5038

TABLE OF CONTENTS

LIST OF TABLES

Table 1 Market Synopsis

Table 2 List Of Assumptions

Table 3 Global Power Management Integrated Circuit (Pmic) Market, By Product, 2017–2023 (Usd Million)

Table 4 Global Power Management Integrated Circuit (Pmic) Market, By Application, 2017–2023 (Usd Million)

Table 5 Global Power Management Integrated Circuit (Pmic) Market, By Region, 2017–2023 (Usd Million)

Table 6 Asia-Pacific: Power Management Integrated Circuit (Pmic) Market, By Country, 2017–2023 (Usd Million)

Table 7 Asia-Pacific: Power Management Integrated Circuit (Pmic) Market, By Product, 2017–2023 (Usd Million)

Table 8 Asia-Pacific: Power Management Integrated Circuit (Pmic) Market, By Application, 2017–2023 (Usd Million)

Table 9 China: Power Management Integrated Circuit (Pmic) Market, By Product, 2017–2023 (Usd Million)

Table 10 China: Power Management Integrated Circuit (Pmic) Market, By Application, 2017–2023 (Usd Million)

Table 11 Japan: Power Management Integrated Circuit (Pmic) Market, By Product, 2017–2023 (Usd Million)

Table 12 Japan: Power Management Integrated Circuit (Pmic) Market, By Application, 2017–2023 (Usd Million)

Table 13 India: Power Management Integrated Circuit (Pmic) Market, By Product, 2017–2023 (Usd Million)

Table 14 India: Power Management Integrated Circuit (Pmic) Market, By Application, 2017–2023 (Usd Million)

Table 15 Rest Of Asia-Pacific: Power Management Integrated Circuit (Pmic) Market, By Product, 2017–2023 (Usd Million)

Table 16 Rest Of Asia-Pacific: Power Management Integrated Circuit (Pmic) Market, By Application, 2017–2023 (Usd Million)

Continued…

About Us:

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.

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312