Global Power Management Integrated Circuit (PMIC) Market: Growth Underpinned by Explosive Consumer Electronics Sales

Power management integrated circuit (PMIC) is an integrated circuit that aids in managing power requirements of the host system. It functions by managing the flow of power from different power sources, namely batteries, USBs, and wall adapters, while maintaining the current limit. They also help in loss of power during distribution. This way they make devices smarter and more efficient and this is one reason why they are seeing steady uptake.

Power management integrated circuit (PMIC) find application in consumer electronics such as Bluetooth headsets, smartphones, and MP3 players to portable industrial and medical equipment. On account of continuous product innovation, ICs are becoming cheaper and smaller. This is yet another reason for their steady sales.

Besides consumer electronics, the growing demand of battery operated devices in automobiles and telecom and networking are also said to be boosting growth in the global power management integrated circuit market (PMIC).

As per a report by Transparency Market Research, the global power management integrated circuit (PMIC) market will likely rise at a CAGR of 5.8% during the period between 2017 and 2025 to attain a value of US$62.71 bn by 2025.

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Booming Smart Devices Market Makes Consumer Electronics the Main Application Segment

Depending upon applications, the global power management integrated circuit (PMIC) market can be classified into automotive, industry, consumer electronics, and telecom and networking, among others including medical electronics and military applications. At present, the consumer electronics segment accounts for a dominant share in the market because of the exploding market for laptops, smartphones, PCs, tablets, and other consumer electric devices. In the years ahead too, the segment is predicted to lead the market for the very same reasons. Efficient power management, functionality, and features of PMICs have led to their increased demand in automotive application too. In the years ahead, however, the segment of telecom and networking is predicted to surpass all others in terms of growth rate by registering a 6.1% CAGR from 2015 to 2025.

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The different types of power management integrated circuit (PMIC) available in the market are voltage regulators, integrated ASSP power management IC, motor control IC, battery management IC, power factor correctors, microprocessor supervisory IC, switching controllers, and gate drivers. Voltage regulators, which help regulate one or more DC/AC voltages or maintain voltage at a constant level, account for maximum sales at present due to its application in consumer electronics, automobiles, and industries and telecommunication.

Presence of Numerous Consumer Electronics Manufacturers Makes Asia Pacific Market Leader

Based on geography, North America, South America, Europe, Asia Pacific, and the Middle East and Africa are the key regions in the global power management integrated circuit (PMIC) market. Asia Pacific, among them, contributes the most to revenue because of the presence of a copious number of consumer electronics manufacturing and automobile companies in this region. In the upcoming years too, the market in Asia Pacific is expected to progress impressively, mainly on account of China, which is a nerve center of technological innovation in Asia Pacific. The revenue in the Asia Pacific power management integrated circuit (PMIC) market was around US$14.81 bn in 2016. Besides Asia Pacific, North America is another key market which is predicted to expand at a healthy clip in the next couple of years.

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Prominent participants in the global power management integrated circuit (PMIC) market are Maxim Integrated, Texas Instruments, Inc., STMicroelectronics, Mitsubishi Electric, Renesas Electronics Corporation, Samsung Semiconductor, Dialog Semiconductor PLC, Linear Technology Corporation, ON Semiconductor, Rohm Co., Ltd., and Semtech Corporation.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

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This release was published on openPR.