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Global Power Management Integrated Circuit Market 2018-2023:The global power management integrated circuits market is expected to register a CAGR of 8.94% over the forecast period (2018 - 2023). The scope of the report is limited to the segmentation of the power management integrated circuit based on the product type and application of these ICs. The growth opportunities are also included in this report, while the regions considered in the scope of the report include North America, Europe, and others.
Power management integrated circuit (PMIC) is an integrated circuit that has wide applications because of its role in battery management, voltage regulation, and charging functions. These ICs are mostly used in battery operated devices and consumer electronics such as smartphones, Bluetooth headsets, and portable industrial and medical equipment. The increasing global demand for consumer electronics is expected to drive the power management integrated circuit market. With evolving technology and growing importance of energy management, these ICs also find applications in technologies like Advanced Driving Assistance Systems (ADAS) and even IoT devices and smart wearables. The increased demand for luxury cars with ADAS systems is likely to increase the demand for PMICs globally.
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Companies Mentioned:
Analog Devices, Inc, Dialog Semiconductor PLC, Intel Corporation, IXYS Corporation, Qualcomm Incorporated, MediaTek Inc., Mitsubishi Electric, ON Semiconductor Corp., Samsung Semiconductor, STMicroelectronics N.V., Texas Instruments Incorporated
Demand in Smartphones Segment to Drive the Market
Among the wide applications of PMICs, i.e., consumer electronics like smartphones, tablets, and others portable handheld devices, industrial and medical instruments, etc., the smartphones segmented is expected to be the largest. Globally, the smartphones penetration is expected to grow by a CAGR of 5%, as mentioned by IMF. Overheating and poor battery life are the most common smartphone-related complaints consumers have globally. To address these issues, smartphone component manufacturers like Qualcomm are looking at achieving higher performance in devices with power and thermal constraints with PMICs in the design. Besides consumer electronics, the growing demand for battery operated devices in automobiles, telecom, and networking, are also said to promote growth in the global power management integrated circuit market (PMIC).
Demand for ADAS in luxury cars is also expected to impact the growth of the PMICs market significantly. Considering the ability of PMICs to reduce power consumption of the batteries, these are used for prolonging the power in IoT devices. The growth trend of IoT connected devices also could impact the growth of the market.
Europe Expected to be an Emerging Market
Majority of the smartphone sales happen in China, followed by the US. Although North America dominates the consumer electronics market, it is estimated that Western Europe will have the highest market share among the smartphone segment by 2020. Also, Europe is one of the innovative automotive markets globally and rapid penetration and mass adoption of ADAS is expected, thus fuelling the growth of the power management integrated circuits market in this region.
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Key Developments:
• December 2017: Dialog Semiconductor released their first Nanopower PMICs that support battery life for the always-on connected application. These two new PMICs are the smallest of their class in the market, thus giving a competitive advantage over the other manufacturers in the market. Due to the small size of these PMICs, they can easily be fit into better smartphone designs.
The key players include - TEXAS INSTRUMENTS INC. (US), ON SEMICONDUCTOR CORP. (US) ANALOG DEVICES, INC. (US), DIALOG SEMICONDUCTOR PLC (UK), MAXIM INTEGRATED PRODUCTS, INC. (US), STMICROELECTRONICS NV (SWITZERLAND), AND LINEAR TECHNOLOGY CORP. (US), amongst others.
Reasons to Purchase the Report:
• Analyzing the advancements in the power management integrated circuits market are changing market scenario
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Identifying the type of service and end-user is expected to dominate the market
• Identifying the regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3 month analyst support, along with the Market Estimate sheet (in Excel)
Report customization and benefits:
• This report can be customized to meet your requirements. Please connect with our analyst/sales representative, who will ensure you get a report that suits your needs.
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Some Point from TOC:
1. Introduction
2. Research Scope and Methodology
3. Market Overview
4. Market Dynamics
5. Technology Snapshot
6. Market Segmentation
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Outlook of Global Power Management Integrated Circuits Market
….Continued
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