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Power Management IC Market: By Product [Integrated ASSP power management IC (Battery Management IC, Energy Management ICs, LED Drivers ICs, PoE Controllers, PFC Controllers, Hot Swap Controllers, Wireless Charging ICs), Motor Control IC and Voltage Regulators], By Application (Consumer and Wearable Electronics, Automotive, Telecom and Networking) and Region - Forecast Till 2023
Market analysis
PMIC (Global Power Management IC market) comprises of an expansive scope of chips and can be incorporated in battery-worked gadgets, for example, cell phones, and compact media players. The rising miniaturing pattern in the gadgets business is massively affecting the PMIC advertise. PMIC not just deal with the stream and bearing of electrical power yet, in addition, helps in beating space requirements. The purchaser hardware segment is a noteworthy end-client of PMIC. The requirement for power effectiveness, high thickness and plan adaptability of intensity modules are a portion of the variables supporting the market development. Simultaneously, the development of silicon-carbide (SiC) and gallium nitride (GaN) is probably going to open new development roads for market players going ahead. Then again, improvement issues in multi-control space SoCs can constrain the reception rate. The global market is projected to reach the value of USD 38,388.9 Mn by the year 2023, by growing at a CAGR of 8.8% during the forecast period (2018-2023).
Market segmentation
The Global Power Management IC market is segmented on the basis of its application, product, and regional demand. On the basis of its application, the market is segmented into Automotive, Consumer and Wearable Electronics, Telecom and Networking and Industries. Based on its product, the market is bifurcated into Voltage Regulators and Integrated ASSP power management IC (Energy Management ICs, Battery Management IC, LED Drivers ICs, PoE Controllers, Hot Swap Controllers, PFC Controllers Hot Swap Controllers, Wireless Charging ICs) Motor Control IC.
Regional demand
Geographically, the Global Power Management IC market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
Toshiba Corporation, Renesas Electronics Corporation, Analog Devices, STMicroelectronics, among others are some of the major players in the Global Power Management IC market.
Market analysis
PMIC (Global Power Management IC market) comprises of an expansive scope of chips and can be incorporated in battery-worked gadgets, for example, cell phones, and compact media players. The rising miniaturing pattern in the gadgets business is massively affecting the PMIC advertise. PMIC not just deal with the stream and bearing of electrical power yet, in addition, helps in beating space requirements. The purchaser hardware segment is a noteworthy end-client of PMIC. The requirement for power effectiveness, high thickness and plan adaptability of intensity modules are a portion of the variables supporting the market development. Simultaneously, the development of silicon-carbide (SiC) and gallium nitride (GaN) is probably going to open new development roads for market players going ahead. Then again, improvement issues in multi-control space SoCs can constrain the reception rate. The global market is projected to reach the value of USD 38,388.9 Mn by the year 2023, by growing at a CAGR of 8.8% during the forecast period (2018-2023).
Market segmentation
The Global Power Management IC market is segmented on the basis of its application, product, and regional demand. On the basis of its application, the market is segmented into Automotive, Consumer and Wearable Electronics, Telecom and Networking and Industries. Based on its product, the market is bifurcated into Voltage Regulators and Integrated ASSP power management IC (Energy Management ICs, Battery Management IC, LED Drivers ICs, PoE Controllers, Hot Swap Controllers, PFC Controllers Hot Swap Controllers, Wireless Charging ICs) Motor Control IC.
Regional demand
Geographically, the Global Power Management IC market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
Toshiba Corporation, Renesas Electronics Corporation, Analog Devices, STMicroelectronics, among others are some of the major players in the Global Power Management IC market.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
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- By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
