openPR Logo
Press release

Power Management Integrated Circuits Market to Grow $51.04 Billion, Globally, by 2027 at 5.3% CAGR - PMIC Industry Outlook

11-16-2020 03:04 PM CET | Media & Telecommunications

Press release from: Allied Analytics

Power Management Integrated Circuits Market to Grow $51.04

Rise in technological advancements, surge in demand for battery-operated devices, and growth of the semiconductor industry and semiconductor applications drive the growth of the global power management integrated circuits market. In addition, increase in sales of consumer electronics & automobiles and reduction in cost & area density supplement the market growth. However, multi-power domain system on chip (SOC) of PMICs hampers the market growth. On the contrary, rise in application domains of PMICs is expected to open lucrative opportunities for the market players in the future.

As per the report, the global power management integrated circuits (PMICs) industry was pegged at $33.96 billion in 2019, and is projected to reach $51.04 billion by 2027, growing at a CAGR of 5.3% from 2020 to 2027.

Download 275+ Pages PDF Sample Report: https://www.alliedmarketresearch.com/request-sample/1945

The voltage regulators segment dominated the market

Based on product type, the voltage regulators segment held the lion's share in 2019, accounting for more than one-fourth of the global power management integrated circuits market, owing to the increasing need for power supply. However, the battery management IC segment is projected to portray the highest CAGR of 6.4% during the forecast period, due to growing production capability and sales of battery-operated electronic gadgets.

The industrial segment to manifest the highest CAGR through 2027

By end use, the industrial segment is estimated to register the highest CAGR of 6.1% from 2020 to 2027. This is owing to technological innovations, continuous introduction of low-priced vehicles in the market, competitive rivalry among major manufacturers, and changing preferences of customers. However, the automotive and transportation segment held the lion's share in 2019, contributing to more than one-fourth of the global power management integrated circuits market, due to rise in automation in industries, smart grid & metering, and continuous innovations in battery-supported equipment.

Enquire For More Details: https://www.alliedmarketresearch.com/purchase-enquiry/1945

COVID-19 scenario:

The COVID-19 pandemic has severely affected the semiconductor industry. Market players had to make short-term decisions despite knowing its long-term implications.
The key market players in the PMIC industry are dependent on raw materials, workforce for their assembly, testing, and packaging. However, the prolonged lockdown has disrupted the supply chain, and in turn, manufacturing.
Since the lockdown, the demand for telecom and networking services has increased due to increased broadband usage, rise in demand for cloud services and video services.
Post-pandemic, the need for digital transformation is expected to increase with the emergence of 5G and edge computing.

The Asia-Pacific, followed by North America, held the largest share

By region, the market across Asia-Pacific, followed by North America, held the lion's share in 2019, accounting for nearly half of the market. In addition, the region is expected to register the highest CAGR of 6.3% during the forecast period, owing to presence of many large manufacturers of electronic devices. The global power management integrated circuits market across North America is expected to register a CAGR of 4.2% from 2020 to 2027.

Major market players

Texas Instruments Inc.
Analog Devices Inc.
ON Semiconductor Corp.
Maxim Integrated Products Inc.
Dialog Semiconductor PLC
Infineon Technologies AG
NXP Semiconductors
Renesas Electronics Corporation
Mitsubishi Group
STMicroelectronics N.V.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us:

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Power Management Integrated Circuits Market to Grow $51.04 Billion, Globally, by 2027 at 5.3% CAGR - PMIC Industry Outlook here

News-ID: 2188178 • Views: 260

More Releases from Allied Analytics

Global Mobile Payment Market Share Growing at 30.1% CAGR to Generate $12.06 Tril …
Increase in penetration of smartphones across the globe and rise in the m-commerce industry in emerging countries are the major factors driving the growth of the mobile payment market. On the other hand, rising data breaches and security issues in mobile payment restrains the growth to some extent. However, growth in usage of NFC, RFID, and host card emulation technology in mobile payment and surge in demand for fast and
Why Head-Up Display (HUD) Market is Growing at Faster Pace in American Regions? …
Rise in demand for high-tech vehicles, higher penetration rate of head-up displays in the aerospace and defense sector, demand for safety features in automobiles, and challenging driving conditions drive the growth of the global head-up display market. However, its high cost hampers the market. On the contrary, advancements in AR technology and emergence of new applications are expected to create lucrative opportunities for the market players. COVID-19 scenario: As the majority of
Why Smart Devices Market Growing at a Faster Rate? Regional Analysis and Growth …
Most of the companies are developing new products to increase market share and the primary strategy adopted by most companies is partnerships and collaborations as it allows them to share technical expertise. Some of the key companies profiled in this report are Samsung, Apple, Pebble, Mayo Clinic, Google, Adafruit, Sony, Panasonic and Vuzix. Smart Devices are devices that perform various smart functions such as health monitoring, people tracking, driving
GaN Power Device Market Set to Grow $1.24 Billion by 2027, at 35.4% CAGR
Decrease in prices of GaN devices, increase in demand for GaN devices for wireless charging, and rise in adoption of GaN devices in electric vehicle have boosted the growth of the global GaN power device market. In addition, increase in requirement of GaN devices for commercial RF applications augments the growth of the market. On the other hand, lack of availability of GaN material hampers the market growth to some

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020