Power Management IC Market - Increasing Demand of Wearable Devices

Driven by continuous growth in the sale of battery operated devices such as smartphones, tablets, cars and others devices, global market for power management IC was valued at USD 29.90 billion in 2012. It is expected to reach USD 46 billion by 2019, growing at a CAGR of 6.1% from 2013 to 2019.

Power management ICs also find application in industries such as automobiles,medical and industrial among others.

Growing demand forbattery operated devices such as tablets, smartphones and PCs among others has furthermore supported the market growth. The adoption of power management ICs inenergy generation and conservation methods has additionally supported the growth of this market.The demandforpower management IC can also be attributed to the growing demand of battery operated cars and medical equipments.

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The growing concerns related to loss of energy during its distribution have led to the incorporation of the ICs in order to avoid wastage of power during its distribution. The increasing demand of wearable devices in military and defense has also contributed to the growth of the power management IC.

Geographically, Asia Pacific held the largest share in the power management IC market in 2012. The demand for power management IC in Asia Pacific is primarily driven by the growing demand for consumer electronics such as smartphones, smart watches, tablets and laptops among others

In 2012, Asia Pacific was followed byNorth America in terms of geographical market share. The growth in the region is attributed to the increasing applications across automotive, industrial, consumer electronics and energy sectors in the region.

North America market is also supported by the investment made by the government in the research and development activities. In addition, some of the key players in the semiconductor industry such as ON Semiconductor and Maxim Integrated are based in North America.

Power management IC is a consolidated market. Texas Instruments, STMicroelectronics, Renesas Electronics, ON Semiconductor, Mitsubishi Electric, Linear Technology, Dialog Semiconductor PLC, Maxim Integrated, Rohm Co Ltd., Semtech Corporation, Fairchild Semiconductor, Toshiba and International Rectifier among others are some of the key players in the power management ICmarket.

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