Power Management Integrated Circuit Market Poised to Hit Healthy CAGR by 2027

Power management integrated circuitsaids in managing power supplies of various applications. This power management integrated circuits include an extensive range of chips which consist of either electronic power conversion or important power control functions. Power management integrated circuit widely used in battery-operated devices such as mobile phones, portable media players which help in space utilization

The power management integrated circuit also controls the movement and direction of electrical power. Different electronic devices have multiple internal voltages and sources of external power which mean that power design of the device has numerous requirements for operation. The power management integrated circuit is a circuit which has various function including power conversions, under voltage protection and voltage supervision. All these features integrated into power management integrated circuit which helps in the management of power supplies of many applications.

Power Management Integrated Circuit Market: Market Dynamics

Increasing demand for energy-efficient battery-powered devices, technology advancements, increased usage of consumer electronics applications, rapid industrialization, rising demand for integrated circuits in manufacturing industry, demand for increasing functionality in smartphones & tablets and increase in smart grid utilization, demand for multi-featured portable gadgets are major drivers of power management integrated circuit market

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Complexity in integration of ICs and security issues in applications are the restraints of power management integrated circuit market

Advanced technologies for cost-effective digital power management multichannel IC creates an opportunity for the power management integrated circuit.

Power Management Integrated Circuit Market: Market Segmentation

Segmentation Overview

Power management integrated circuitmarket segmented by product type, application, and region. By product type, Power Management Integrated Circuitmarket segmented into Motor control IC, Voltage regulator, integrated ASSP, battery management IC and switching controllers. By application, Power management integrated circuitmarket segmented into automotive, telecommunication, industrial, manufacturing, medical, retail, military and consumer electronics.

Segmentation by product type in Power Management Integrated Circuit market:

Motor control IC

Voltage regulator

Integrated ASSP

Battery management IC

Switching controllers

Others

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Segmentation by application in Power Management Integrated Circuit market:

Automotive

Telecommunication

Industrial

Manufacturing

Medical

Retail

Military

Consumer electronics

Global Power Management Integrated Circuit Market: Competition Landscape

Few prominent players in Power management integrated circuitmarket includeRenesas Electronics Corporation, Texas Instruments Incorporated, Intel Corporation,Qualcomm Inc., Marvell Semiconductor, Inc., MediaTek Inc., IXYS Integrated Circuits Division Inc.,Maxim Integrated Products, Inc., NXP Semiconductors NV, Dialog Semiconductor Inc., Silicon Mitus, Inc., Exar Corporation, STMicroelectronics, Inc., International Rectifier Corporation, Intersil Corporation, Linear Technology Corporation and Rohm Semiconductor (Shanghai) Co., Ltd.

Power Management Integrated Circuit Market: Regional Outlook

APEJ is expected to have the largest share in power management integrated circuit during the forecast period market followed by North America, Western Europe, and MEA regions owing to increasing adoption of the power management ICs in various sectors which includes consumer electronics, industrial and others in Asia-pacific region. Also, growth in consumption of cost efficient power management devices is expected to contribute to the development of power management integrated circuit in other regions.

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