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Automotive Power Management Integrated Circuits Market Demands, Key Players, Revenue Analysis Report 2023

03-25-2023 03:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsnReports

Automotive Power Management Integrated Circuits

Automotive Power Management Integrated Circuits

The automotive power management integrated circuits (PMIC) market refers to the industry that produces and sells electronic components used in managing the power supply and distribution in automotive systems. PMICs are essential components in modern automobiles, as they ensure that the various electronic systems in the vehicle receive stable power supply and operate optimally.

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The market for automotive PMICs is driven by the growing demand for advanced safety features, infotainment systems, and other electronic components in modern vehicles. As cars become more connected and incorporate more electronic systems, the demand for PMICs is expected to grow. Additionally, the increasing demand for electric and hybrid vehicles is expected to drive growth in the market, as these vehicles require more complex power management systems.

Overall, the automotive PMIC market is expected to continue to grow as the demand for electronic systems in vehicles increases. The industry will likely see further innovation and development as new technologies emerge, and the market for electric and autonomous vehicles expands.

The enormous supply gap in automotive power battery management system AFE ICs creates a strong desire to replace foreign products in China.

Among automotive PMICs, AFE ICs for battery management systems (BMS) are in the shortest supply. The analog front end (AFE) IC is the most important device in BMS, responsible for collecting voltage and temperature of battery cells. AFE IC uses specific algorithms to estimate battery parameters (e.g., SOC and SOH), and sends the results to the control chip.

(1) Demand for automotive AFE ICs: in the evolution from 400V to 800V platform, the demand for AFE ICs doubles.

Considering endurance range and charging efficiency of new energy vehicles, mainstream automakers have begun to deploy high-voltage platforms. The evolution from the current mainstream 400V platform to 800V platform has become a megatrend. For higher voltage requires an almost equal proportion of more battery cells in series, the demand for AFE ICs thus surges. It is expected that the platform voltage will increase from 400V to 800V, doubling the demand for automotive AFE ICs.

(2) Supply of automotive AFE ICs: the Chinese market relies on imports, creating a huge gap, so replacing foreign products with the homemade is a matter of great urgency.

High technical barriers, high automotive certification requirements, big challenges, and long cycle are constraints on the mass production of automotive AFE ICs in China. More than 90% of the AFE ICs used in vehicle power batteries still need to be imported. This market is monopolized by foreign analog chip giants like TI, ADI and Infineon. Chinese AFE IC vendors still make initial deployments in the automotive power battery field.

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As a mainstream supplier in the automotive battery management integrated circuits (BMIC) market, TI has extended its order delivery time to 2023 as its BQ Series chips are out of stock and become more expensive, producing a large gap in the market.

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