30-May-2019 | Zion Market Research
Zion Market Research has published a new report titled “Power Management Integrated Circuit Market By Product (Integrated ASSP Power Management IC, Microprocessor Supervisory IC, Motor Control IC, Voltage Regulators, and Battery Management IC) and By End-Use (Consumer Electronics, Automotive, Telecom and Networking, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global power management integrated circuit market was around USD 45.99 billion in 2018 and is expected to reach approximately USD 70.86 billion by 2025, at a CAGR of slightly above 6.37%between 2019 and 2025.
The integrated circuit, also known as microchip or chip, manages power flow between transistors, tiny resistors, and capacitors. An integrated circuit is made of silicon and looks like a small wafer and can hold anywhere from one or more number of resistors, transistors, and capacitors. It is used in devices like timer, computer memory or microprocessor, and amplifier.
Browse the full “Power Management Integrated Circuit Market By Product (Integrated ASSP Power Management IC, Microprocessor Supervisory IC, Motor Control IC, Voltage Regulators, and Battery Management IC) and By End-Use (Consumer Electronics, Automotive, Telecom and Networking, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/power-management-ic-market
The global power management intergraded circuit market is likely to grow significantly in the years ahead, owing to the rising need for energy conservation. Technological innovations in the smartphones will also drive the power management integrated circuit market, as it improves its cost and performance and decreases carbon footprints. Moreover, rising demand for smart grid generation and smart homes, growing need to process power for cellular devices and increasing adoption of smartphones and tablets are also contributing to the power management integrated circuit market. Additionally, the surging IC demand in the automobile sector and consumer electronics has also complemented the market growth. With ongoing improvements in the data network and internet speed, the 3G, 4G, and 5G network providers are working to offer consumers with upgraded circuit phones to match customer expectations, which will further support the power management integrated circuit market. However, rising complexity in the designing and developing PMIC/MCMs architecture and uncertain economic stability in the market may hinder the market growth.
The power management integrated circuits market is segmented on the basis of product and end-use. The product segment of the power management integrated circuit market includes integrated ASSP power management IC, voltage regulators, microprocessor supervisory IC, battery management IC, and motor control IC. Voltage regulators have various benefits considering its use in electronic devices. It helps in maintaining the desired voltage level, even in the floating input power or supply. On the basis of end-use, the power management intergraded circuit market includes consumer electronics, automotive, telecom and networking, and others.
By region, the North American power management integrated circuit market is likely to grow significantly over the years ahead, owing to the surging demand for smartphones, growing automotive purchases, and rising consumer preference for electric vehicles. In addition, stringent government policies for optimum utilization of available energy are also driving this regional market. The Asia Pacific region is expected to hold a substantial share of the global market in the future, owing to the presence of developing countries like India and China. The growing adoption of consumer electronics has led to further market growth in this region. The regional government plans on investing in constructing high-speed rail and flourishing telecommunication sector are also likely to drive the Asia Pacific power management integrated circuit market.
Some leading players of the global power management integrated circuit market are STMicroelectronics (Switzerland), Semiconductor (U.S.), Dialog Semiconductor (UK), Analog Devices (U.S.), Linear Technology (U.S.), Texas Instruments (U.S.), and Maxim Integrated Products (U.S.).
This report segments the global power management integrated circuit market into:
Power Management Integrated Circuit Market: Product Analysis
Power Management Integrated Circuit Market: End-Use Analysis
Power Management Integrated Circuit Market: Regional Analysis
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