Power Management Integrated Circuit Market -The power management integrated circuit market, published by Transparency Market Research, the global PMIC market is expected to reach US$ 56.48 Bn by 2026, expanding at a CAGR of 4.6% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors.
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High smartphone penetration in the last few years has made smartphones and other smart mobile devices very common in the developing and developed countries. Furthermore, 4G internet services have also become reasonable and widely available to smartphone users globally.
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PMICs are employed for simplification of design and extending battery life in smartphones and other smart portable devices. Therefore, the rising trend of smartphones and other smart devices is estimated to be directly proportional to the expansion of the PMIC market.
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The global PMIC market is broadly segmented by product type and end use. By product type, the market is classified into voltage regulators, motor control IC, integrated ASSP power management IC, battery management IC, microprocessor supervisory IC and others. Demand for voltage regulators is increasing in automotive, consumer electronics, industry, telecom & networking and other segments as these ICs help to increase the battery life of handheld devices such as smartphones, tablets, and laptops.
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