Press release
Power Management IC Market to attain a value of US$46 billion by 2019,Emerging Economies Has Fuelled The Demand
The growing demand for smart devices such as tablets, laptops, and smartphones has propelled the growth of the global power management IC market. The rapid growth of the consumer electronics market, particularly across the emerging economies has fuelled the demand for power management ICs. Increased manufacturing of automotives has also contributed largely towards the growth of this market.
In terms of product type, the report categorizes the global power management IC market into motor control IC, integrated ASSP power management IC, voltage regulators, battery management IC, and others such as gate drivers, switching controllers, and power factor correction. Of these, the integrated ASSP power management IC segment holds the majority of the market.
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According to applications, the global power management IC market has been segmented into consumer electronics, automotive, industrial, telecom and networking, and others including medical electronics and military. Among these, the automotive sector led the market in 2012, followed by the consumer electronics segment. During the forecast period, the automotive segment is anticipated to continue dominating the market.
The report studies the global power management IC market across four key regions: Europe, North America, Asia Pacific, and Rest of the World. The demand for power management ICs across the automotive industry from the developing economies in Asia Pacific and Rest of the World is expected to boost the growth of the market. In 2012, Asia Pacific dominated the overall market owing to the growing usage of power management ICs in the consumer electronics industry. North America was the second largest market for power management ICs. The growth of the market in North America can be attributed to the rising demand for automobiles as well as the presence of the key market players.
The global power management IC market is dominated by a few players. The report profiles some of the prominent players in the market such as Texas Instruments, Renesas Electronics, STMicroelectronics, Mitsubishi Electric, ON Semiconductor, Dialog Semiconductor PLC, Linear Technology, Rohm Co Ltd., Maxim Integrated, Fairchild Semiconductor, Semtech Corp., and Toshiba.
According to a recent market research report published by Transparency Market Research, the global power management IC market is estimated to expand at a CAGR of 6.1% during the period between 2013 and 2019. The report, titled “Power Management IC Market - Global Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2013 - 2019,” projects the global power management IC market to be worth US$46.0 bn by 2019. The overall market stood at a valuation of US$29.90 bn in 2012.
Browse the full Power Management IC Market - Global Industry Analysis, Market Size, Share, Growth, Trends And Forecast 2013 - 2019 report at http://www.transparencymarketresearch.com/power-management-ics-market.html
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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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