Power Management ICs Market, By Product (Voltage Regulators, Motor Control IC, Integrated ASSP Power Management IC, Battery Management IC, Others), By End user (Automotive & Transportation, Consumer Electronics, Industrial, Telecom & Networking, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Power management integrated circuits (PMICs) is an electronic device, which is used to control and manage power in an effective manner. These integrated circuits are commonly used in any consumer electronics device including portable media players, medical equipment, mobile phones, wearable devices, and others. Furthermore, power management ICs find application in consumer electronics, automobiles, industrial, healthcare, and telecommunication sectors.
Market Dynamics
The rising demand for electrification in the automotive industry is one of major factor that is expected to boost the market growth over the forecast period. Market players are adopting strategies of partnership for development of connected vehicles. For instance, in September 2021: Qualcomm Technologies Inc., a subsidiary of Qualcomm Incorporated, entered into partnership with Trimble Inc., for the development of high-accuracy positioning solutions for connected vehicles. Qualcomm Technologies is going to combine Trimble’s RTX technology with select Qualcomm Snapdragon Automotive 5G and 4G platforms, which is expected to deliver highly accurate positioning for maintaining the lane position to improve the autonomous driving solutions and advanced driver-assistance systems (ADAS).
Furthermore, increasing need of energy efficient battery powered devices has driven demand for power management ICs. For instance, on December 17, 2022, South Korea-based MagnaChip Semiconductor Corporation launched first power management integrated circuits (PMICs) for laptops with UHD display panels.
Market Taxonomy
This report segments the Global Power Management ICs market on the basis of product, end user, and region. On the basis of product, the Global Power Management ICs market is segmented into voltage regulators, motor control IC, integrated ASSP power management IC, battery management IC, and others. On the basis of end user, the Global Power Management ICs market is segmented into automotive & transportation, consumer electronics, industrial, telecom & networking, and others. On the basis of region, the Global Power Management ICs market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA).
Key features of the study:
This report provides an in-depth analysis of the Global Power Management ICs market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players.
It profiles leading players in the Global Power Management ICs Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Key companies covered in the Global Power Management ICs market include Analog Devices Inc., Dialog Semiconductor PLC, Infineon Technologies AG, Maxim Integrated Products Inc., Mitsubishi Group, NXP Semiconductors, ON Semiconductor Corp., Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments Inc., and Rohm Co Ltd.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The Global Power Management ICs market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Power Management ICs market.
Detailed Segmentation:
Global Power Management ICs Market, By Product:
Voltage Regulators
Motor Control IC
Integrated ASSP Power Management IC
Battery Management IC
Others
Global Power Management ICs Market, By End user:
Automotive & Transportation
Consumer Electronics
Industrial
Telecom & Networking
Others
Global Power Management ICs Market, By Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Company Profiles
Analog Devices Inc *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Dialog Semiconductor PLC
Infineon Technologies AG
Maxim Integrated Products Inc.
Mitsubishi Group
NXP Semiconductors
ON Semiconductor Corp.
Renesas Electronics Corporation
STMicroelectronics N.V.
Texas Instruments Inc.
Rohm Co Ltd.
*Browse all the market data tables and figures on “Global Power Management ICs Market- Forecast to 2027”
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