Published on : Jul 26, 2017
Albany, New York, July 26, 2017: Recently, the rising demand of battery operated devices in consumer electronics, automobiles, and telecom and networking, among others, have been at the forefront of fuelling growth in the global power management integrated circuit market (PMIC). According to a new study, these integrated circuits help in loss of power during distribution. By this way, they make devices smarter and efficient, this is one reason why they are seeing steady uptake. Market Research Hub (MRH) has freshly added this study to its massive database of research studies. The research titled “Power Management Integrated Circuit (PMIC) Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has analyzed the potential of power management IC market and provides statistics and information on market size, regional analysis for the market.
PMICs, which stands for power management integrated circuits, are electronic components that offer highly integrated, high-performance power management solutions in various end user industries such as automotive, consumer electronics, telecommunication & networking, and others. It functions by managing the flow of power from different power sources, namely batteries, USBs, and wall adapters while maintaining the current limit. At present, the consumer electronics segment accounts for a dominant share of the market because of the exploding market for laptops, smartphones, PCs, tablets, and other consumer electric devices. According to the key findings, the global power management integrated circuit (PMIC) market witnessed to surge rapidly at a CAGR of 5.8% during the period of 2017-2025, and it will attain a value of US$62.71 bn by 2025.
The study provides a comprehensive analysis of market growth through the above forecast period in terms of revenue estimates (in US$ Bn), across various geographies. Besides, the report also identifies and analyzes the evolving trends along with essential drivers and challenges faced by the industry. The geographical segmentation covers major regions, such as North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America. Asia Pacific, among them, contributes the most to revenue because of the presence of a copious number of consumer electronics manufacturing and automobile companies in this region.
The report further segments the market on the basis of product type and application. The different types of power management integrated circuit (PMIC) available in the market are voltage regulators, integrated ASSP power management IC, motor control IC, battery management IC, power factor correctors, microprocessor supervisory IC, switching controllers, and gate drivers. In this section, Porter Five Forces analysis and ecosystem analysis has been included.
The key players profiled in the global PMIC market include Texas Instruments, Inc., Maxim Integrated, STMicroelectronics, Mitsubishi Electric, Renesas Electronics Corporation, Samsung Semiconductor, Dialog Semiconductor PLC, Linear Technology Corporation, ON Semiconductor, Rohm Co., Ltd. and Semtech Corporation.
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