Press release
Power Management IC Market - Offers Valuable Market Forecasts & Figures
The demand for technologically advanced systems will be particularly conspicuous in the automobile sector and consumer electronics sector. Broadly, the global power management IC market is segmented on the basis of product type, applications, and geography.
The trend of innovation and other top trends have been analyzed in detail in the research report. Furthermore, the impact of these trends on the growth of the various regional markets is analyzed in depth in the research study.
Backed by extensive primary and secondary research, the report on the global power management IC market offers valuable market forecasts and figures that will help new entrants and established key players get a clear perspective on the growth roadmap of this market.
Overview of the Global Power Management IC Market
Power management integrated circuits (IC) deliver high-performance power management. They are used in a broad range of commercial and industrial applications.
Application-wise, the global power management IC market is divided into automotive, industrial, telecom and networking, consumer electronics, and others. The global power management IC market is led by the automobile industry, followed by the consumer electronics industry.
By product type, the global power management IC market is divided into battery management ICs, integrated ASSP power management ICs, motor control ICs, voltage regulators, and others. The integrated ASSP power management ICs sector held the biggest share in the global power management IC market.
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The global power management IC market is projected to expand at a 6.1% CAGR during the forecast period from 2013 to 2019. In 2012, the global power management IC market was worth US$29.9 bn and by 2019, it is expected to be worth US$46.0 bn. Besides the growing technological advancements, the global power management IC market will also benefit from the growing use of these ICs in medical equipment and battery-operated cars.
Geography-wise, the global power management IC market is classified into Europe, North America, Asia Pacific, and Rest of the World (RoW). Asia Pacific dominates the global power management IC market due to their growing use of these ICs in the consumer electronics sector in this region.
In addition to this, the presence of several key participants will further support the development of the power management IC market in this region. North America was the second largest regional market in the global power management IC market. The North America market benefits from the rising demand for automobiles in this region.
Companies mentioned in the research report
The global power management IC market is highly competitive in nature and marked by the presence of several international and local players. Some of the top companies operating in the global power management IC market are Rohm Co., Semtech Corporation, Dialog Semiconductor, Maxim Integrated, Linear Technology, Mitsubishi Electric, ON Semiconductor, Renesas Electronics, STMicroelectronics, and Texas Instruments.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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