Next-generation 5G network rollout and growing demand for battery-powered devices
DUBLIN, March 29, 2022 /PRNewswire/ — The “Power Management ICs Market Forecast to 2028 – Impact of COVID-19 and Global Analysis – by Product Type (Voltage Regulators, Motor Control, Battery Management, Multi-Channel ICs and Others) and End Use (Consumer Electronics, Automotive, Healthcare, IT & Telecom, Industrial, Other)” report has been added to from ResearchAndMarkets.com offer.
The Power Management IC Market is Expected to Reach $55,042.7 million by 2028 from US$37,772.0 million in 2021; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028.
Power management ICs are responsible for controlling the direction and flow of electrical power.
These PMICs find significant application in various industry verticals, such as telecommunications and networking, consumer electronics, automotive, and transportation. The demand for consumer electronics and home appliances is increasing globally which is expected to drive the demand for embedded PMICs, high power PMICs and monolithic PMICs.
The automotive and transportation industry contributes to the growing demand for power management ICs. Advanced Driver Assistance Systems (ADAS), vehicle infotainment, navigation system, battery management, telematics, and automotive clusters require high-efficiency power management ICs.
Government subsidies, incentives and tax exemptions are driving electric vehicle sales around the world. Such encouragement from government authorities along with strict emission standards is accelerating the demand for electric vehicles and respective power management ICs. With the rapid advancements in Internet of Things (IoT) technology, connected devices tend to increase remarkably in the coming years.
The global power management IC market is segmented on the basis of product type and end-use. The market, based on product type, is segmented into voltage regulators, motor control, battery management, multi-channel ICs and others. Based on end-use, the market is categorized into consumer electronics, automotive, healthcare, IT & telecommunications, industrial, and others.
The adoption of electric vehicles is growing tremendously around the world. Electric vehicle (EV) sales increased, with growth in all three major auto markets in the United States, Chinaand Europe. Sales of electric vehicles in the three main automotive markets mentioned increased by almost 160% (about 2.5 million units) in the first half of 2021 compared to 2020.
This number of units accounted for approximately 25% of new sales in the global automotive market. Power management plays an important role when it comes to device efficiency, whether it’s an ultra-low-power wireless sensor network or a high-voltage automotive power converter. . With an increase in proper power management, companies are making custom power management embedded chips.
In India, the Ministry of Roads, Transport and Highways has released a draft notice that exempts people from paying to renew or issue registration certificates if they own a battery-powered vehicle. Also, strict emission standards in European countries are driving the demand for electric vehicles to a noticeable extent. Thus, the respective policies, guidelines, incentives and subsidies promote the sales of electric vehicles across the world.
A PMIC is widely used in many automotive applications, such as ADAS, infotainment, battery management, navigation, telematics, and automotive cluster. Thus, the increase in electric vehicle sales is driving the demand for highly integrated PMIC systems for applications requiring up to 8.5 A and high-power PMICs used in quad-core processors up to 12 A.
NXP Semiconductors; Analog Devices, Inc.; INFINEON TECHNOLOGIES AG; ROHM CO., LTD. ; Microchip Technology Inc.; Vishay Intertechnology, Inc.; Renesas Electronics Corporation; STMicroelectronics; Texas Instruments Incorporated; and Qorvo, Inc. are some of the major players operating in the global power management IC market.
Main topics covered:
1.1 Scope of the study
1.2 Guidelines for the research report
1.3 Market Segmentation
2. Main Takeaways
3. Research methodology
3.2 Secondary research
3.3 Primary research
4. Power Management ICs Market Landscape
4.1 Market Overview
4.2 PEST analysis
4.3 Ecosystem analysis
4.4 Expert Opinions
5. Power Management ICs Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in consumer electronics sales
5.1.2 Growing inclination towards electric vehicles
5.2 Market Constraints
5.2.1 Limited availability of GaN IC devices
5.3 Market Opportunities
5.3.1 Growing Demand for Battery Powered Devices
5.4 Future trends
5.4.1 Next-generation 5G network deployment
5.5 Impact analysis of drivers and constraints
6. Power Management ICs Market – Geographic Overview
6.1 Global Power Management ICs Market Overview
6.2 Global Power Management ICs Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Power Management ICs Market Analysis – By Product Type
7.2 Power Management ICs Market, by Product Type (2020 & 2028)
7.3 Voltage regulators
7.3.2 Voltage Regulators: Power Management ICs Market – Revenue and Forecast to 2028 (USD Million)
7.4 Integrated motor control circuit
7.5 Battery management integrated circuit
7.6 Multi-channel integrated circuit
8. Power Management ICs Market Analysis – By End Use
8.2 Power Management ICs Market Breakdown, By End Use, 2020 & 2028
8.3 Consumer electronics
8.3.2 Consumer Electronics Market Revenue and Forecast to 2028 (Million US$)
8.6 IT & Telecom
9. Power Management ICs Market – Geographical Analysis
10. Impact of COVID-19 Pandemic on the Global Power Management ICs Market
11. Industry Landscape
11.1 New development
12. Company Profiles
- NXP Semiconductors
- Analog Devices, Inc.
- Infineon Technologies SA
- ROHM CO., LTD.
- Microchip Technology Inc.
- Vishay Intertechnology, Inc.
- Renesas Electronics Corporation
- Texas Instruments Incorporated
- Qorvo, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/8iyzd2
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