Power Management Integrated Circuit (IC) Market is estimated to be US$ 30.63 billion by 2030 with a CAGR of 4.8% during the forecast period
Power Management Integrated Circuit (PMIC) is an
integrated circuit that has wide End Users 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. A wide range
of PMICs is presently being used for a wide range of applications. PMICs, when
assembled with high-performance process technologies, offer high-efficiency
solutions that extend battery life and reduce power consumption.
The report "Global Power Management Integrated Circuit (IC) Market, By Product
(Voltage Regulators, Motor Control ICs, and Battery Management ICs), By
End-User (Automotive, Consumer Electronics, Industrial, Communication, and
Other End Users), and By Region (North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa) - Trends, Analysis and Forecast
till 2030.
Key Highlights:
·In January
2019, Maxim integrated revealed MAX20004/6.8, MAX20034, and MAX20098- three
buck converters and controllers. The three devices are small and provide
greater efficiency that enables designers to address the space constraints and
power challenges of next- generation automotive applications.
·In November
2018, Dialog Semiconductor PLC unveiled its fully integrated nano-power PMICs
for IoT applications, the DA9070, and DA9073. The new and more powerful PMICs
are built on the success of Dialog's first nano power offerings, further
highlighting how Dialog has pushed the boundaries of its PMIC technology to
improve low-power IoT applications.
Analyst View:
Power management integrated circuit market is
primarily driven by various technological developments in the products and
increasing demand for battery operated devices globally. Increasing
awareness about fire protection systems and the benefits of better technology
for fire prevention are driving the growth of the market. Consumers are looking
for the latest technological products, and the market is witnessing growing
investment. The power management integrated
circuit market is expected to grow at a significant pace during the forecast
period, due to emerging trends, such as vehicle automation. Automakers require
dedicated semiconductor content to provide accurate information to the inbuilt
artificial intelligence for an optimal drive. Increased use of next-generation
mobile networks, such as 4G and 5G, is expected to fuel target market growth.
Key Market Insights from the
report:
The global power management integrated
circuit (IC) market accounted for US$ 30.63 billion by 2030 and is projected to register a moderate CAGR of 4.8%
over the forecast period. The market report has been segmented on the basis
of product end-user, and region.
·By
product, voltage regulators are expected to consistently maintain their
dominance throughout the forecast period.
·By end- user,
communication end user is expected to hold major revenue share.
·By region,
Asia-Pacific was leading PMIC market with the highest CAGR, whereas North
America is expected to be fastest growing regional market in the PMIC market.
Also Europe is expected to be growing in terms of market share.
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Competitive Landscape:
The prominent player operating in the global
power management integrated circuit (IC) market includes Texas Instruments
Inc., ON Semiconductor Corp, Analog Devices Inc., Dialog Semiconductor PLC,
Maxim Integrated Products Inc., Linear Technology Corporation,
STMicroelectronics N.V., NXP Semiconductors N.V., Mitsubishi Group, Renesas
Electronic Corp.
The market provides detailed information
regarding industrial base, productivity, strengths, manufacturers, and recent
trends which will help companies enlarge the businesses and promote financial
growth. Furthermore, the report exhibits dynamic factors including segments,
sub-segments, regional marketplaces, competition, dominant key players, and
market forecasts. In addition, the market includes recent collaborations,
mergers, acquisitions, and partnerships along with regulatory framework across
different regions impacting the market trajectory. Recent technological
advances and innovations influencing the global market are included into the
report.
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