Power Management IC Market 2019 Global Share and Industry Leaders: Linear Technology, Dialog Semiconductor PLC, Renesas Electronics, Toshiba, ON Semiconductor, Texas Instruments

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 Synopsis

Power management integrated circuits or PMICs are such integrated circuits that manage power requirements of the host system. PMIC comprises a broad range of chips and is included in battery-operated devices, such as mobile phones and portable media players to minimize the amount of occupied space. Power management ICs control the flow and direction of electrical power and perform more than one function such as various power conversions and power controls including under voltage protection and voltage supervision. Their incorporation in equipment helps to improve the overall design and operational efficiency with offering benefits like better conversion and heat dissipation.

The global Power Management IC Market is driven by factors such as increasing demand for energy-efficient devices. A dramatic rise in the consumption and cost of energy worldwide has forced consumers to save energy and devise methods to minimize environmental impacts caused by carbon emissions. This has increased the demand for power-saving electronic products in the market. Other market drivers are growth in smart home and smart grid technology, increasing processing power in computing and mobile devices, and increased adoption of smartphones and tablets.

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Governments of most of the countries across the globe have started increasing their investments in the development of smart cities. Smart cities rely on public Wi-Fi networks to offer a number of services such as access to education and healthcare, infrastructure management, safety and security, traffic management, and waste and water management. These networks help citizens access the Internet on their smartphones and tablet computers. Such increase in the development of smart cities may also augment the demand for power management ICs in the coming years.

The complex integration with multi power system on chip (SoC) and the size of the PMIC are some of the factors that may restrain the growth of PMIC market for further growth.

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

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.

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.

Competitive Analysis:

The increasing focus of leading players in research and development for new product launch is triggering competition in the global power management IC market. In May 2018, Texas Instruments Inc. (U.S.) has launched their new product, 100-Mbps single-pair Ethernet PHY with SGMII support, which has enabled the simplification of space-constrained automotive designs.

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.

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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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