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Power Management Integrated Circuit Market By Product Type (Voltage regulators Motor control ICs, Integrated ASSP Power Management ICs, Battery Management ICs, Microprocessor Supervisory ICs), By Application (Automotive, Industrial, Consumer Electronics, Telecommunications and Others) - Growth, Future Prospects, and Competitive Landscape, 2019 -2027

Rising demand for automobiles and increasing use of consumer electronics across the globe drive the power management integrated circuit market.

The power management integrated circuit market is poised to touch US$ 51.7 Bn by 2027, growing at a CAGR of 6.5% during an estimated timeframe from 2019 to 2027 on a global scale. Growing adoption of energy-efficient consumer electronics, rising demand for smartphones & tablets, continuous expansion of automotive & industrial sectors, and increasing use of battery-powered devices in telecommunication and healthcare sectors are projected to ensure continued growth for power management integrated circuits in the years to come. However, the complex integration process for multi-power domain SOCs of PMICs, high equipment cost, complicated installation process, and huge capital investments are a few causes that might hamper the market progression of power management integrated circuits. 

Market Synopsis

Increasing demand for consumer electronics to drive growth prospects.

Power Management Integrated circuits (PMICs) are a vital component and has become merely used in consumer products like tablets, television, computer & server system, industrial applications such as medical equipment, fitness equipment, and portable instruments, and electronics devices requiring energy-efficient power management solutions. Furthermore, global consumer products manufacturing companies are extensively collaborating with local partners to develop proprietary technology to enhance their businesses. For instance, in 2017, Procter & Gamble Co. invested around US$ 100 million in E-center's digital innovation in Singapore.

Consumer electronics generated a sales revenue of around US$ 5.389 million in 2018, driving the global demand for power management integrated circuits. In addition, the rising inclusion of electronic components in vehicles, rapid adoption of smartphones, and increasing number of battery control solutions enhanced the market over the forecast period.

The Asia Pacific to Dominate, North America to Witness Strong Growth

Asia-Pacific holds a market share of about 65% in the global power management IC market due to an increase in the number of original design manufacturers (ODM) and original equipment manufacturers (OEM). Furthermore, increasing automotive and consumer electronics applications are projected to boost the demand for power management integrated circuits over the forecast period. In addition, government initiatives such as "Vision 2020" and "Make in India" are progressively drawing the attention of international players to set up local production units across the region. For instance, Integrated Device Technology has been acquired by Renesas Electronics Corporation, thereby will expand the company's system on a chip, advanced microcontroller, and power management ICs.

The increasing demand for energy-efficient electronic devices has expanded the market for power management integrated circuits (ICs) in North America. Furthermore, the growing implementation of PMIC components in IoT technology and connected devices are supporting industrial growth in North America. In addition, the development and investment in smart homes and cities' increasing adoption of electronic gadgets by the U.S. government have further spurred the demand for power management integrated circuits across the region.

Key Players & Competitive Landscape:

The leading manufacturers profiled in the study include Texas Instruments Incorporated, Maxim Integrated Products Inc., ON Semiconductor Corp, Infineon Technologies AG, Mitsubishi Corp, Analog Devices, Inc., STMicroelectronics NV, Dialog Semiconductor PLC, Renesas Electronics Corporation, and QUALCOMM, Inc. among others.

Historical & Forecast Period

This research study provides qualitative and quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The research study on the power management integrated circuit market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. In addition, the report provides an all-around view of the global power management integrated circuit market based on its product type, application, and geography.

Frequently Asked Questions:

The market for Power Management Integrated Circuit is expected to reach US$ 51.7 Bn in 2028.

The Power Management Integrated Circuit market is expected to see significant CAGR growth over the coming years, at 6.5%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

Texas Instruments Incorporated, ON Semiconductor Corp, Analog Devices, Inc., Dialog Semiconductor PLC, Maxim Integrated Products Inc., Infineon Technologies AG, Mitsubishi Corp, STMicroelectronics NV, Renesas Electronics Corporation are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Dec 2019
Category:  Energy
Report ID:   60101
Report Format:   PDF
Pages:   160
Rating:    4.7 (66)
Delivery Time: 24 Hours to 48 Hours   
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