Power Management Integrated Circuit Market Size Worth $ 55,042.7 Million, Globally, by 2028 at a CAGR of 5.5%
NEW YORK, January 11, 2022 / PRNewswire / – According to the new market research report, “Power Management Integrated Circuit Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Product Type (Voltage Regulators, Control of engine, battery management, multichannel integrated circuits and others) and End Use (consumer electronics, automotive, healthcare, IT and telecommunications, industrial and others) ”, published by The Insight Partners, The Global Market For Energy Management Integrated Circuits ‘diet should go from $ 37,772.0 million in 2021 to US $ 55,042.7 million by 2028; it is estimated to increase at a CAGR of 5.5% during 2021-2028.
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Power Management Integrated Circuits Market: Competitive Landscape and Key Developments
NXP semiconductors; Analog devices, Inc .; Infineon Technologies SA; Rohm Co., Ltd .; Microchip Technology Inc .; Vishay Intertechnology, Inc .; Renesas electronics company; STMicroelectronics; Texas Instruments Incorporated; and Qorvo, Inc. are among the major players featured in this market research. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global power management integrated circuits market and its ecosystem.
As part of the expansion of the product portfolio for driver surveillance camera processors, Renesas has launched a secure seven-channel power management integrated circuit (PMIC), which promises to lower the cost. system, power losses and design time.
In August 2021, Renesas Electronics Corporation’s new in-car infotainment solution includes a combination of Dialog’s PMIC and CMIC with Renesas automotive R-Car SoCs, timing ICs and buck regulators.
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Power management integrated circuits are responsible for controlling the direction and flow of electrical energy. These PMICs find important application in various industry verticals, such as telecommunications and networks, consumer electronics, automotive and transportation. The demand for many consumer electronics products, such as cell phones, laptops, laptops, personal computers, televisions, washing machines, refrigerators and air conditioners, is increasing globally, which is expected to drive demand for integrated PMICs, high power PMICs, and monolithic PMICs.
The automotive and transportation sector contributes to the growing demand for Power Management Integrated Circuit Market. Advanced Driver Assistance Systems (ADAS), vehicle infotainment, navigation system, battery management, telematics and automotive clusters require high efficiency power management integrated circuits. Government subsidies, incentives and tax exemptions are boosting sales of electric vehicles around the world. Such encouragement from government authorities, along with stringent emission standards, is accelerating the demand for electric vehicles and respective power management integrated circuits. With the rapid advancement of Internet of Things (IoT) technology, connected devices tend to increase dramatically in the years to come.
The impact of COVID-19 differs from country to country Europe, as some countries have seen an increase in COVID-19 cases and subsequently attracted strict and more prolonged lockdowns or social isolation. Countries such as Germany, Italy, Great Britain, Russia, France, and Turkey were most affected by various restrictions and limitations. The European auto industry has been badly affected and has seen a drop of more than 20% in overall auto production due to severe supply chain disruption caused by the lockdowns imposed. The automotive industry is one of the largest markets for power management integrated circuits. However, with the growing demand for electric vehicles in the region, the COVID-19 post-pandemic outlook for the auto industry appears favorable. With reduced income levels, shoppers have chosen to purchase basic necessities, such as housewares and groceries, rather than non-essential and expensive purchases such as home theaters and LCD TVs. Other industries that are deploying power management integrated circuits, such as power / electronics, manufacturing and construction, and telecommunications networks, have also experienced weak demand.
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Increased demand for battery powered devices To propel the growth of the power management integrated circuits market:
The use of battery powered devices is increasing in various developing countries with increasing urbanization. Some portable battery-powered devices are camcorders, cameras, medical instruments, personal digital assistants, power tools, and portable GPS devices. The 14-channel power management integrated circuit finds extensive use in wireless audio, voice recognition assistant, AV receivers, and soundbars. Power management intelligent integrated circuit is widely used in camera modules, optical modules, and solid-state drives (SSDs). In 2020, 2.3 million digital SLR cameras were shipped worldwide. The increase in digital SLR camera shipments would create the need for PMIC. In 2020, Renesas Electronics Corporation introduced ISL78083, a power management IC for multiple HD camera modules. In addition, the use of highly integrated PMICs is growing significantly in various portable medical devices. Since Nordic nPM1100 power management ICs offer an extremely compact form factor, its demands are increasing for many connected medical devices. The adoption of these battery-operated devices will lead to the growth of power management integrated circuits.
Power Management Integrated Circuit Market: Overview of Voltage Regulators
A voltage regulator is a circuit that produces and maintains a constant output voltage, regardless of the input voltage or load conditions. Voltages from a power source are maintained within a range compatible with other electrical components by voltage regulators (VR). While voltage regulators are generally used to convert direct current to direct current, some can also convert alternating current to alternating current or alternating current to direct current. Voltage regulators are used in cost-sensitive, noise-sensitive, low-current, low-space end users such as consumer electronics. A linear regulator can be used in a hearing aid because it does not include a switching element which could emit unwanted noise and interfere with the performance of the device. Some of the major suppliers of voltage regulators are ROHM CO., LTD. and Rhopoint components.
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