Power Management IC Market is expected to reach $61.33 billion by 2023, with CAGR of 6.4%
Global Power Management IC Market Trends, Estimation and Forecast | 2024
(EMAILWIRE.COM, February 07, 2018 ) Power Management IC Market (PMIC) Market By Type (Voltage Regulators, Battery Management ICs, Motor Control ICs and Integrated ASSP (application-specific standard product), By Industry Verticals (Electronics, Automotive, Telecommunications and Others (Defense and aerospace, railway and healthcare) Industry trends, Estimation & Forecast, 2016 2024
Power Management IC Market is expected to reach $61.33 billion by 2023, with CAGR of 6.4%. The voltage regulators segment is highest revenue generating segment of power management IC market.
Power Management IC (PMIC) is a semiconductor electronic component which manages the power requirement of host system in any device. It operates by managing the flow of power from different sources such as, batteries, and USB and wall adaptors. These integrated circuits are gaining popularity and witnessing increased demand across different application sectors such as consumer electronics, automobiles, industrial, medical and medical instruments. Power management, system control, battery management, interface & audio functions, and other system specific functions are key features of PMIC which helps it to achieve optimum power integration.
Browse details of 134 pages research report on Global Power Management IC Market @ https://www.researchcosmos.com/reports/global-power-management-ic-market-trends-estimation-and-forecast-2024/798808307
Market Dynamics
Need for longer battery life, evolving awareness about energy efficiency, and decline in per unit price of PMIC are key elements fueling the growth of global PMIC market. In addition applications in automobiles, Smartphone, tablets and others portable handheld devices are expected to spur the market throughout the forecast period. Owing to tremendous growth in Smartphone and automobile industry, the global PMIC market is expected to grow at 6.4% CAGR.
The complex integration with multi power system on chip (SoC) and the size of the PMIC are some of the factors that might restrain the growth of PMIC market for further growth.
Increasing efficiency of power management IC and evolving application in numerous sectors are prime opportunities forecasted for global PMIC market. Further, automation in automobiles and growing smart cities will also help in growth of global PMIC market.
Competitive Landscape
The global PMIC market is identified by high competition among present vendors. The market is highly versatile and key vendors compete on the basis of pricing, product innovation, quality and performance of the IC. Growing research and development in PMIC sectors backed with high investment will further intensify the competition. For instance, MediaTek Labs launched New HDK and Extend the LinkIt Development Platform for RTOS to Wearables on October 2016.
Avail Sample Market Brochure of the report for more information to evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/798808307
Market Segmentation
Global PMIC market is segmented on the basis of product, application, and geography. Product segmentation is further segmented into voltage regulators, motor control ICs, integrated ASSP power management ICs, battery management ICs, and others. Automotive, consumer electronics, industries, telecom & networking, and others are segments based on application categorization. The market is segmented based on four regions, namely North America, Europe, Asia-Pacific, and Rest of World (RoW).
Some of key players such are Dialog Semiconductor PLC, Linear Technology, Maxim Integrated, Mitsubishi Electric, ON Semiconductor Corp., Renesas Electronics Corp, Rohm Co Ltd., Semtech Corporation, STMicroelectronics N.V., and Texas Instruments Inc.
Got some questions, Inquire @ https://www.researchcosmos.com/inquire/798808307
KEY MARKET SEGMENTS
BY PRODUCT
Voltage regulators
Motor control ICs
Integrated ASSP Power Management ICs
Battery Management ICs
Others
BY APPLICATION
Automotive
Consumer Electronics
Industrial
Telecom & Networking
Others
BY GEOGRAPHY
North America
o U.S.
o Mexico
o Canada
Europe
o UK
o Germany
o France
o Rest of the Europe
Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
RoW
o Latin America
o Middle East
o Africa
KEY PLAYERS
Dialog Semiconductor PLC
Linear Technology
Maxim Integrated
Mitsubishi Electric
ON Semiconductor Corp.
Renesas Electronics Corp
Rohm Co Ltd.
Semtech Corporation
STMicroelectronics N.V.
Texas Instruments Inc.
Need Customization, Discuss your requirements with our analyst @ https://www.researchcosmos.com/customization/798808307
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. Were associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Kevin Stewart
Sales Manager
Research Cosmos
www.researchcosmos.com
kevin@researchcosmos.com
# +1 888 709 8757
Power Management IC Market is expected to reach $61.33 billion by 2023, with CAGR of 6.4%. The voltage regulators segment is highest revenue generating segment of power management IC market.
Power Management IC (PMIC) is a semiconductor electronic component which manages the power requirement of host system in any device. It operates by managing the flow of power from different sources such as, batteries, and USB and wall adaptors. These integrated circuits are gaining popularity and witnessing increased demand across different application sectors such as consumer electronics, automobiles, industrial, medical and medical instruments. Power management, system control, battery management, interface & audio functions, and other system specific functions are key features of PMIC which helps it to achieve optimum power integration.
Browse details of 134 pages research report on Global Power Management IC Market @ https://www.researchcosmos.com/reports/global-power-management-ic-market-trends-estimation-and-forecast-2024/798808307
Market Dynamics
Need for longer battery life, evolving awareness about energy efficiency, and decline in per unit price of PMIC are key elements fueling the growth of global PMIC market. In addition applications in automobiles, Smartphone, tablets and others portable handheld devices are expected to spur the market throughout the forecast period. Owing to tremendous growth in Smartphone and automobile industry, the global PMIC market is expected to grow at 6.4% CAGR.
The complex integration with multi power system on chip (SoC) and the size of the PMIC are some of the factors that might restrain the growth of PMIC market for further growth.
Increasing efficiency of power management IC and evolving application in numerous sectors are prime opportunities forecasted for global PMIC market. Further, automation in automobiles and growing smart cities will also help in growth of global PMIC market.
Competitive Landscape
The global PMIC market is identified by high competition among present vendors. The market is highly versatile and key vendors compete on the basis of pricing, product innovation, quality and performance of the IC. Growing research and development in PMIC sectors backed with high investment will further intensify the competition. For instance, MediaTek Labs launched New HDK and Extend the LinkIt Development Platform for RTOS to Wearables on October 2016.
Avail Sample Market Brochure of the report for more information to evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/798808307
Market Segmentation
Global PMIC market is segmented on the basis of product, application, and geography. Product segmentation is further segmented into voltage regulators, motor control ICs, integrated ASSP power management ICs, battery management ICs, and others. Automotive, consumer electronics, industries, telecom & networking, and others are segments based on application categorization. The market is segmented based on four regions, namely North America, Europe, Asia-Pacific, and Rest of World (RoW).
Some of key players such are Dialog Semiconductor PLC, Linear Technology, Maxim Integrated, Mitsubishi Electric, ON Semiconductor Corp., Renesas Electronics Corp, Rohm Co Ltd., Semtech Corporation, STMicroelectronics N.V., and Texas Instruments Inc.
Got some questions, Inquire @ https://www.researchcosmos.com/inquire/798808307
KEY MARKET SEGMENTS
BY PRODUCT
Voltage regulators
Motor control ICs
Integrated ASSP Power Management ICs
Battery Management ICs
Others
BY APPLICATION
Automotive
Consumer Electronics
Industrial
Telecom & Networking
Others
BY GEOGRAPHY
North America
o U.S.
o Mexico
o Canada
Europe
o UK
o Germany
o France
o Rest of the Europe
Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
RoW
o Latin America
o Middle East
o Africa
KEY PLAYERS
Dialog Semiconductor PLC
Linear Technology
Maxim Integrated
Mitsubishi Electric
ON Semiconductor Corp.
Renesas Electronics Corp
Rohm Co Ltd.
Semtech Corporation
STMicroelectronics N.V.
Texas Instruments Inc.
Need Customization, Discuss your requirements with our analyst @ https://www.researchcosmos.com/customization/798808307
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. Were associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Kevin Stewart
Sales Manager
Research Cosmos
www.researchcosmos.com
kevin@researchcosmos.com
# +1 888 709 8757
Contact Information:
Research Cosmos
Kevin
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Research Cosmos
Kevin
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results