Power Management IC Market Size, Emerging Technologies, Opportunity Assessment, Future Plans, Developments, Key Vendors, Competitive Landscape, Sales Revenue and Global Trends by Forecast 2023

“Market Research Future”
Market Research Future published a research report on “Power Management IC Market Research Report – Global Forecast To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

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.

The wearable electronics sector is expected to experience the highest growth rate owing to growing awareness regarding good health and fitness across the globe, especially, in developing countries. Booming global automotive industry may also witness a significant growth in the market.

The market is growing rapidly. With rising technological innovation, competition, and M&A activities in the industry, many local and regional vendors are offering specific application products for varied end-users. The new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

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Key Players

Some of the key players in the market are Texas Instruments Inc. (U.S.), ON Semiconductor Corp. (U.S.), Analog Devices, Inc. (U.S.), Dialog Semiconductor PLC (U.K.), Maxim Integrated Products, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), and Linear Technology Corp. (U.S.), Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), among others.

Segmentation

The market, on the basis of geography, has been segmented into four major geographic regions North America, Europe, Asia Pacific. Asia Pacific accounts for the largest share of the Power Management IC Market, followed by North America and Europe. This growth can be attributed to the increasing demand for power management IC components from the consumer electronics and automotive sectors in this region.

Regional Analysis:

The Asia Pacific region is one of the centre of the global electronics manufacturing for most of the products and equipment, which use these ICs, and it continues to build on this strong position. The emergence of China and India as viable locations for OEMs to relocate their production operations is contributing to the large share of worldwide electronics manufacturing conducted in Japan, South Korea, Taiwan, and other countries. The potential of a large domestic market in China is fuelled by the country’s large population, which also makes it an attractive location for OEMs. As China emerges as an electronics production leader, the skills and education of the workforce are increasing, which make moving production there even more attractive. This provides increasing productivity and quality attainable at low labour costs.

Toshiba Electronics has announced a new system power management IC (PMIC) designed to optimise power management functions for a wide range of mobile products, such as smartphones, tablets, handheld medical devices, industrial PDAs, barcode readers, and portable instruments. The IC also features an external thermistor that detects the battery’s temperature, helping to prevent overheating while the mobile device is charging.

Escalating demand for power management IC owing to the presence of the prominent market players in North America is anticipated to enhance the global power management IC market growth.

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Intended Audience

  • Component Manufacturers
  • Electronic design automation
  • Original equipment manufacturers
  • Technology investors
  • Research institutes & organizations
  • Product manufacturers

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