Power Management IC Market To Reach USD 46.15 Billion By
New York, United States, June 25, 2021 (GLOBE NEWSWIRE) – Market Snapshot:
According to a comprehensive research report from Market Research Future (MRFR), “Global Power Management Integrated Circuit Market information by product, application and region – forecast to 2027”Market size to reach USD 46.15 billion at a CAGR of 9.5% by 2025
Power Management Integrated Circuits (PMICs) are electronic components providing fully integrated high performance power management solutions for a wide range of application categories such as automotive, consumer electronics, telecommunications and networks. PMICs offer optimal integration solutions due to their operational characteristics such as power management, interface and audio functions, system control, battery management, as well as other specific functions. to the system.
The Major Key Players Covered in Power Management Integrated Circuits Market are:
- Texas Instruments Incorporated (United States)
- STMicroelectronics (Switzerland)
- NXP Semiconductors (Netherlands)
- Analog Devices Inc. (United States)
- Infineon Technologies AG (Germany)
- Qualcomm Technologies Inc (United States)
- Toshiba Corporation (Japan)
- Maxim integrated (United States)
- ON Semiconductor Corporation (United States)
- ROHM Company Ltd (Japan)
- Renesas Electronics Corporation (Japan)
- Mitsubishi Electric Corporation (Japan)
- Dialog Semiconductor (United Kingdom)
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The USP market exclusively encompassed:
Power management integrated circuits are said to have seen strong demand in industry verticals, especially consumer electronics. This demand is mainly due to the trend towards the miniaturization of electrical components for consumer electronics and portable devices, which has led to a growing need for higher energy efficiency, high density and flexibility. in the design of power supply modules for compact devices. The electronics industry across the world is currently impacted by stringent environmental and energy efficiency regulations, which have led to various developments, such as the miniaturization and convergence of almost all electronic devices in daily use. The miniaturization of the device is carried out taking into account all the input / output ports and various other components in the assembly that are important to the final product. Miniaturization has increased the need for integrated power for processors and application-specific subsystems. In addition, these components provide better support for the transition from analog to digital designs and provide increased flexibility, smaller form factors, and increased efficiency for consumer electronics and portable devices.
However, the complexity involved in the design and production of these circuits is a key factor hampering the power management integrated circuit market. The size of these components is compact, which makes the manufacturing process more difficult. These components are expensive due to the need for technically advanced equipment. This equipment is expensive, requires high capital expenditure, and prevents small businesses from entering the industry. Another aspect affecting the power management integrated circuit industry is the complex integration process for multi-power domain SOCs in circuits. This process requires the integration of various components in a complex chip comprising automated equipment. External factors, such as fluctuating commodity prices and trade policies, hamper market development.
Browse the In-Depth (175 Pages) Power Management Integrated Circuits Market Research Report:
Market segmentation covered by research:
The global power management integrated circuit industry has been segmented into products and applications.
Based on the product, the global PMIC market has been divided into ASSP power management ICs, motor control ICs, and voltage regulators.
On the basis of applications, the global PMIC market has been divided into consumer and portable electronics, automotive, telecommunications and networking, and industrial.
Globally, the Power Management Integrated Circuit industry has been classified to North America, Europe, Asia-Pacific (APAC), and the rest of the world.
APAC will increase rapidly
Asia-Pacific is expected to experience rapid regional market growth. Rising disposable incomes and improving living standards, along with an increasingly aging population and health awareness, are some of the factors driving the demand for consumer electronics, such as smartphones, tablets and portable devices. This, in turn, is fueling the demand for power management integrated circuits by the consumer electronics industry in emerging Asian economies like Japan, China, and India. The increased demand for automobiles, especially passenger vehicles, combined with the expansion of the industrial and retail sectors, will further increase the demand for these integrated circuits in the APAC region. However, due to the need for a robust methodology and tools for implementation, the complex integration process for multi-power domain SOCs may reduce the growth of the Power Management IC market. feed during the forecast period.
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September 2019: Qualcomm Technologies Inc. has partnered with Trimble Inc. to develop high precision positioning solutions for connected vehicles. Qualcomm will combine Trimble’s RTX technology with certain Qualcomm Snapdragon Automotive 4G and 5G platforms, which are expected to provide extremely precise positioning to keep the lane in position to improve advanced driver assistance systems (ADAS).
July 2019: Qualcomm Wireless Communications Technologies Limited (China), a subsidiary of Qualcomm Incorporated, has partnered with Tencent Games on digital entertainment projects.
January 2019: Maxim Integrated introduced MAX20004 / 6/8, MAX20034, MAX20098 — three converters and step-down controllers. All three devices are compact and offer superior efficiency that enables designers to overcome space constraints and power issues in next-generation automotive applications.
Impact of COVID-19 on the Global Power Management Integrated Circuit Market
COVID-19 has prompted the entire semiconductor industry to prepare quickly and make short-term decisions with long-term consequences. Semiconductor companies work in a complex ecosystem, operating internationally throughout the value chain with a wide range of suppliers and partners of raw materials, assembly, testing, packaging and manufacturing. ‘equipment. The demand for telecommunications and networks is expected to increase due to factors such as increased use of broadband, increased demand for cloud services and video streaming. In addition, in the medium to long term, COVID-19 is expected to further increase the need for digital transformation, technologies such as 5G, IoT, AI and smart edge computing for future optimization. However, the fall in OEM production and the decline in demand for mobile phones and other consumer electronics have limited the market for power management integrated circuits somewhat. In addition, the decline in various capital expenditures and delays in various planned projects in various end-use industries have affected the global economy.
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