Know What Experts Have Predicted About Smartphone Power Management IC Market

Posted by Loise Williams on December 12th, 2019

The global smartphone power management IC market is expected to grow at a CAGR of 4.47% during the forecast period. Based on price, the global smartphone PMIC market has been segmented into Premium range, Medium range, and Low range. As per the latest market research report published by Technavio, the global cardiovascular therapeutics market size has the potential to grow by USD 16.19 billion during 2020-2024. Get the free sample report below for the detailed information.

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Premium-range smartphones are integrated with advanced technologies such as AI, gesture recognition, haptics, facial recognition, voice recognition, and others. These technologies require gyroscopes, accelerometers, proximity sensors, light sensors, barometers, and fingerprint sensors. Premium-range smartphones incorporate several PMICs, such as battery management ICs, DC/DC switching regulators, voltage reference ICs, linear regulators, and LED driver ICs, to address the needs of high-bandwidth applications. 

Smartphone manufacturers are integrating advanced technologies such as AI, HMI, and virtual assistants. Therefore, there is a requirement for high power and battery capacity. In addition, such smartphones have high chances of overheating of internal components. Hence, to control the excessive use of power and overheating of components, smartphone manufacturers are integrating multi-functional PMICs. The increasing integration of advanced technologies and features in smartphones will accelerate the demand for PMICs, thereby driving the growth of the global smartphone power management IC market during the forecast period.