Power Management Integrated Circuit Market Outlook 2020 - Industry Analysis, Growth and Forecast To 2025
Power Management Integrated Circuit Market, By Product Type
• Low voltage regulator
• Motor control ICs
• Integrated ASSP power management IC
Power Management Integrated Circuit Market, By End User
• Consumer electronics
• Telecom and networking
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The power management integrated circuit market is gaining popularity due to the increasing demand and adoption of battery-operated electronic devices. A prominent feature of these components supporting its high demand is efficient power management and system controls in electronic devices. An upcoming trend in the power management integrated circuit market is the implementation of these components in IoT devices, which has supported the demand for various smart devices such as smart TVs, smartphones, tablets, smart speakers, etc. The components implemented in smart devices provide enhanced energy efficiency and system control features.
The major factor hindering the power management integrated circuit market is the complexity involved in designing and developing these circuits. The size of these components is compact, creating complication in the fabrication process. These components are costly due to the requirement of technically advanced equipment for manufacturing. This equipment is expensive, which requires high capital investments and restricts small companies from entering the industry. Another factor affecting the power management IC market is the complex integration process for multi-power domain SOCs in the circuits.
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The North American region power management integrated circuit market is growing rapidly owing to the increasing demand for energy-efficient electronic devices. The increasing implementation of these components in connected devices & IoT technology is supporting the industry growth. The U.S. government has invested in smart cities and smart home development, increasing the development of electronic devices and leading to the implementation of these components.
Major players operating in the power management integrated circuit market include Analog Devices Inc., Texas Instruments Inc., Maxim Integrated Products Inc., Infineon Technologies AG, Mitsubishi Group, Daktronics, Inc., ON Semiconductor Corp., Renesas Electronics Corp, STMicroelectronics N.V., and Dialog Semiconductor PLC. These players are focusing on strategic activities such as collaborations & partnerships and mergers & acquisitions. Several companies of the market are developing innovative products to strengthen the product portfolio and gain a competitive advantage by highly investing in R&D activities.
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