Global Power Management Integrated Circuits Market: Increasing Adoption Of Electronic Devices To Fuel The Market

The global Power Management Integrated Circuits market size was valued at $32.63 Billion in 2020 and is expected to reach $51.81 Billion by 2028 growing at the CAGR of 5.70% from 2021 to 2028.

Power management integrated circuits are said to have a high demand in the Electronics industry across various verticals. Consumers want more power efficiency in their products which in turn has led to a 'desire' for premium power management in smaller components. It's this trend, in particular, that is leading towards a greater requirement for more efficient, effective, and cost-effective power management solutions (from the ICs) to be produced.

This is because electronics manufacturers are looking to make their components more compact - creating an increased need for higher density solutions, better integration, and increased flexibility of discrete semiconductors within both chipsets & boards.

Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=005363

Key Players

Some of the major Power Management Integrated Circuits players holding high market share include Texas Instruments Inc, ON Semiconductor Corp., and Analog devises Inc. These players use acquisition and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Texas Instruments Inc
● ON Semiconductor Corp.
● Analog devises Inc.
● Dialog Semiconductor PLC
● Maxim Integrated Products Inc.
● NXP Semiconductors
● Infineon Technologies AG
● Mitsubishi Group
● Renesas Electronics Corporation
● STMicroelectronics

The recently published research report on Global Power Management Integrated Circuits Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Power Management Integrated Circuits market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Power Management Integrated Circuits market report also includes the following data points:
● COVID19 Impact on Power Management Integrated Circuits market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Power Management Integrated Circuits market

Buy Latest Copy of Report Now at Higher Discount! https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=005363

Segmental Analysis

Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Power Management Integrated Circuits Market:
o Voltage Regulators
o Linear Voltage Regulators
o DC Regulators
o Motor Control IC
o Integrated ASSP Power Management IC
o Others

Market Segment By End Use with focus on market share, consumption trend, and growth rate of Power Management Integrated Circuits Market:
o Automotive & Transportation
o Consumer Electronics
o Industrial
o Others

For more information: https://evolvebi.com/product/power-management-integrated-circuits-market-analysis-2021-2028/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The Asia Pacific is going to have a lot of growth in some areas. The Asia Pacific will have a high demand for electronic devices, which means that more power management ICs will be needed in the region. The Asia Pacific has some growing economies, for example, China and India. These two economic giants have been driving the region forward economically. The Asia Pacific area also includes Japan where people are getting richer and want to buy new things.
The Asia Pacific will show a high growth rate in the need for power management ICs from consumer electronic products such as smartphones, tablets, fitness trackers and wearable technologies like smart glasses.

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Contact: +1 773 644 5507 / +91 635 396 3987
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

This release was published on openPR.