Press release
Power Supply in Package and Power Supply on Chip Market Projected to Garner Significant Revenues By 2032
Power Supply in Package and Power Supply on Chip Market
Power Supply in Package and Power Supply on Chip Market Size was valued at USD 1.6 Billion in 2022. The Power Supply in Package and Power Supply on Chip market industry is projected to grow from USD 1.7 Billion in 2023 to USD 2.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2023 - 2032). Growing automation system usage and booming communications industries, are the key market drivers enhancing the market growth.
In the era of miniaturization and integration, power supply solutions are undergoing a transformation, with Power Supply in Package (PSiP) and Power Supply on Chip (PSoC) emerging as key innovations. These compact, efficient, and integrated power solutions are revolutionizing electronic devices, enabling greater functionality, performance, and energy efficiency. As industries embrace the demands of smaller form factors and higher power densities, the PSiP and PSoC market is poised for significant growth and adoption.
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Key Players:
• Texas Instruments Incorporated
• Bel Fuse Inc.
• ON Semiconductor
• Vicor Corporation
• Panasonic Corporation
• Jiangsu Changjiang Electronics Technology Co. Ltd.
• TDK Corporation
• Amkor Technology
• ASE Group
• Intel Corporation,
are the notable vendors in the Power Supply in Package and
Power Supply on Chip market.
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Power Supply in Package and Power Supply on Chip Market Regional Analysis:
The Asia Pacific region dominates the global power supply in package and power supply on chip market. Medical devices and manufacturing facilities in this region create a vast demand for PSiP and PwrSoC products. Besides, rapid industrialization and growing demand for power supply in package and power supply on chip to power automotive systems and portable products drive the market.
Moreover, the strong presence of PSiP & PwrSoC manufacturers and the rapidly growing semiconductor industry in the region drives the market growth. The spurring rise in the telecom sectors across the region and advances in servers, routers, and set-top boxes influence the PSiP and PwrSoC market revenues. Additionally, improving regulations for distributed supply & wall transformer regulations influence the PSiP & PwrSoC market value.
Countries such as India, China, and Japan account for sizable shares in the PSiP and PwrSoC markets in the region. The growing demand for efficient power management to ensure a regular uninterrupted power supply increases the PSiP and PwrSoC market revenues. Furthermore, the growing need for power management ICs and the constantly growing consumer electronics sector boost the PSiP and PwrSoC market share.
Power Supply in Package and Power Supply on Chip Market Segmentation:
The PSiP and PwrSoC market report is segmented into products, applications, and regions. The product segment is bifurcated into the power supply in package (PSiP) and power supply on chip (PwrSoC). The application segment is bifurcated into medical devices, automotive, consumer electronics, military & defense, telecom & IT, and others. The region segment is bifurcated into North America, Europe, Asia-Pacific, the Middle East & Africa, and others.
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The PSiP and PSoC market represents a paradigm shift in power supply design, offering compact, efficient, and integrated solutions for a wide range of electronic devices and applications. PSiP and PSoC technologies enable miniaturization, efficiency, reliability, and flexibility in power management, driving innovation and value creation across industries. As industries embrace the demands of smaller form factors, higher power densities, and energy-efficient designs, the PSiP and PSoC market is poised for continued growth, innovation, and adoption, powering the future of electronic devices and systems.
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