Digital Power Management Multichannel IC Market by Product Type and Application - Global Opportunity Analysis and Industry Forecast | Texas Instruments, MAXIM INTEGRATED PRODUCTS UK LIMITED, Renesas Electronics, Analog Devices, Dialog Semiconductor, NXP S
Digital Power Management Multi-Channel IC Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $35,109 million by 2022, registering a CAGR of 16.3% during the period 2016-2022.
Digital power management multi-channel ICs are vital part of electronic devices which provide power management to internal electronic parts. The global digital power management multi-channel IC market is poised to witness significant growth during the forecast period. In 2015, Asia-Pacific dominated the market and contributed more than 41% of the overall market revenue, followed by North America. Presence of key market players in the U.S. and Asia-Pacific, rapid industrialization, primarily in manufacturing sectors, and increase in demand for high-performance devices have fueled the growth of digital power management multichannel IC market. However, complexity with integration of ICs for wide range of applications is one of the key restraint of the market.
Voltage regulators segment dominated the market, accounting for about 27% of the overall market share in 2015, owing to their increase in requirement for various functions, such as step-up, step-down, and voltage inverting. However, battery management IC segment is expected to register a CAGR of 16.4%, and is projected to demonstrate significant growth during the forecast period due to increased demand for small and low-cost products with a long battery life. Moreover, effective battery management has become increasingly important, as portable applications extend into more industries.
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Although, Asia-Pacific contributed toward the maximum revenue share in 2015, North America is expected to show high CAGR during the forecast period. This is attributed to various factors, including increase in demand for electronic products and numerous government initiatives. Moreover, development in digital power management multichannel IC technologies has fueled the market growth in Asian countries, particularly in China, Japan, and India.
Asia-Pacific is projected to show highest growth rate throughout the analysis period. The surge in manufacturing industry activities and increased expenditures in Japan and India, to cater to the exponential growth for emerging consumer electronics have boosted the growth. Technological advancements for cost-effective digital power management multichannel IC in these nations offer lucrative opportunity for the market.
Major Market Players Profiled
•Texas Instruments Inc.
•Maxim Integrated Products Inc.
•Renesas Electronics Corp.
•Analog devises Inc.
•Dialog Semiconductor Plc.
•On Semiconductor Corporation
•Linear Technology Corporation
Power Management Multichannel IC market is growing at a considerable rate, and is projected to hold significant growth opportunities in the future. Cost-effectiveness, high operating efficiency, and multifunctional features of PMICs are expected to create lucrative market opportunities. In addition, energy-efficient solutions such as low power consumption devices are projected to fuel the market growth. Energy efficient solutions such as low power consumption devices will show drastic growth in coming years. As use of PMICs is crucial in these devices, it is expected to make favorable conditions for this market in future. Increasing adoption of digital PMIC’s in smartphones, portable media players, GPS devices and wearable devices are expected to rise is one of the lucrative targets for investment.
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PMIC market is expected to grow significantly in Asia-Pacific, owing to an increase in sales of smart phones in China and India. Chinese hardware manufacturers of consumer electronics are anticipated to gain a stronger foothold in the market, resulting in increase in demand for PMICs. Semiconductor market and overall sales of PMIC are expected to decline, especially in Japan and Korea, and are anticipated to grow in countries such as India, China, and Taiwan.
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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