Power Management IC Market 2018 by Global Leaders: Linear Technology, ON Semiconductor, Analog Devices, Maxim Integrated Products, Renesas Electronics, Toshiba

Market Research Future published a research report on “Power Management IC Market Research Report - Global Forecast To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

Power management integrated circuit (PMIC) is an integrated circuit that aids in managing power requirements of the host system. It functions by managing the flow of power from different power sources, namely batteries, USBs, and wall adapters, while maintaining the current limit. They also help in loss of power during distribution. This way they make devices smarter and more efficient and this is one reason why they are seeing steady uptake.
The wearable electronics sector is expected to experience the highest growth rate owing to growing awareness regarding good health and fitness across the globe, especially, in developing countries. Booming global automotive industry may also witness a significant growth in the market.

The market is growing rapidly. With rising technological innovation, competition, and M&A activities in the industry, many local and regional vendors are offering specific application products for varied end-users. The new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

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The global power management IC market is expected to grow at a CAGR of 7% over the forecast period.

Segmentation

The global power management IC market is segmented on the basis of product, application and region. Based on the product, the market is classified into voltage regulators, motor control ICs, integrated ASSP power management ICs, battery management ICs, and others. Of these, power management ASICs is further sub-segmented as energy management ICs, wireless charging ICs, power factor correction controllers, LED driver ICs, battery charging & management ICs, Hot-swap controllers, and power-over-ethernet (PoE) controllers. The applications of the power management IC are found in automotive, consumer electronics, industries, telecom & networking, wearables and others.

Increasing electrification in vehicles such as hybrid and electric vehicles, is energizing the market for power management ICs in vehicles. Staying connected via smartphones and tablets is the modern way of life and to this end, today’s car drivers are opting for Bluetooth, cellular technologies, and other telematics functions. All these features require semiconductors to distribute and control power through vehicles. Intermediate safety milestones such as automatic emergency braking (AEB) is necessary to a road system that will accommodate self-driving cars. Other factors driving the market for power management ICs are the need for more fuel-efficient systems, a higher proportion of electric vehicles, and more electronic content per vehicle as required for improved vehicle emission levels.

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.

Regional Analysis

The global power management IC market is led by Asia Pacific. The robust demand in this region from automotive industries may influence the global power management IC market growth. However, growing applications in the consumer electronics for power management ICs is expected to propel the growth of the market for power management IC market in next few years. The second-best growth is shown by North America due to booming automobile sector along with a number of semiconductor factories being based in the U.S.

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Intended Audience

• Component Manufacturers
• Electronic design automation
• Original equipment manufacturers
• Technology investors
• Research institutes & organizations
• Product manufacturers

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