The growing popularity of consumer electronics to accelerate the growth of the power management IC market

The global market for power management ICs is estimated to account for US$5,142.17 million in value at the end of 2027, presenting a 5.3% CAGR during the forecast period (2020-2027).

Power Management ICs Market, By Product (Voltage Regulators, Motor Driver IC, ASSP Integrated Power Management IC, Battery Management IC, Others), By End User (automotive and transportation, consumer electronics, industrial, telecommunications and network, other) and by Region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa) is estimated at US$XX million in 2021 and is expected to show a CAGR of XX% over the forecast period (2021-2028), as highlighted in a new report by Coherent Market Insights

Market Overview:

Power Management Integrated Circuits (PMICs) are essentially semiconductor wafers used to design an efficient power system in portable battery-powered devices such as tablets, laptops, and smartphones. This system helps control and manage the flow of power from various power sources such as batteries, USB and wall adapters while balancing the current limit.

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Competitive Landscape:

Analog Devices Inc., Dialog Semiconductor PLC, Infineon Technologies AG, Maxim Integrated Products Inc., Mitsubishi Group, NXP Semiconductors, ON Semiconductor Corp., Renesas Electronics Corporation, STMicroelectronics NV, Texas Instruments Inc., Rohm Co Ltd.

Key factors:

Rising demand for wearable devices is driving the growth of the power management IC market. They are mainly in portable devices such as smartphones, tablets, etc. According to the 31st Annual Survey of Computer Use in Business 2020, Brazil has 342 million portable devices, including smartphones, laptops and tablets. Services and banking are those which invest the most, with 11.3% and 11%, followed by industry, with 4.8%, and commerce, with 3.8%. The smartphone is the most used in banking transactions and on social networks. In the current scenario, four smartphones are purchased for every TV sold.

Growing popularity of energy efficient products that incorporate PMICs to monitor electricity and energy consumption. Portable products that operate on batteries composed of these integrated circuits for efficient use of energy.

Geographically, the report examines the production, consumption, revenue, market share, growth rate and forecast for the following regions:

๐Ÿ”นNorth America (US, Canada)

๐Ÿ”นAsia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

๐Ÿ”นEurope (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

๐Ÿ”นLatin America (Brazil, Mexico, Others)

๐Ÿ”นThe Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

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Covid-19 impact analysis:

Electronic or semi-conductor companies encounter difficulties in operating their installation in this critical situation. Additionally, some businesses have also temporarily shut down while others are struggling to continue operations. However, many companies are experiencing strong growth due to the increasing demand for semiconductors in the manufacture of medical devices and other medical products. This encourages manufacturers to increase production capacity and supply worldwide.

Key points to remember:

  1. The power management IC market is expected to grow at a CAGR of XX% during the forecast period owing to the expansion of the semiconductor industry.
  2. The Asia-Pacific region is expected to witness significant growth over the forecast period due to strong demand for consumer electronics. According to the India Brand Equity Foundation, Indiaโ€™s home appliance and consumer electronics (ACE) market reached Rs. 76,400 crore ($10.93 billion) in 2019. The home appliance and consumer electronics industry consumer electronics is expected to double to Rs. 1.48 lakh crore (US$21.18 billion) by 2025.

Some of the important questions answered by this report include:

โœ… Who are the top five biometric technology market players?

โœ… What will the biometric technology market look like in the coming years?

โœ… Which products and applications will dominate the biometrics technology market?

โœ… What are the drivers and restraints of the Biometric Technology market?

โœ… Which regional market will represent the strongest growth?

โœ… What will be the CAGR and market size of the Biometrics Technology market during the forecast period?

โœ… What is the current market size, what will it be in 2029, and what will the growth rate be?

โœ… What are the constraints to market growth?

โœ… What market opportunities and risks do key companies face?

โœ… Who are the main competitors and what is their strategic approach?

โœ… What are the market entry challenges for new players?

Market Scale and Segment Analysis:

Global Power Management ICs Market, By Product:

Global Power Management ICs Market, By End User:

Global Power Management ICs Market, By Region:

    • North America

    • Latin America

    • Europe

    • Asia Pacific

    • Middle East and Africa

Continueโ€ฆ.

Key points to remember:

  1. The power management IC market is expected to grow at a CAGR of XX% during the forecast period owing to the expansion of the semiconductor industry.
  2. The Asia-Pacific region is expected to witness significant growth over the forecast period due to strong demand for consumer electronics. According to the India Brand Equity Foundation, Indiaโ€™s home appliance and consumer electronics (ACE) market reached Rs. 76,400 crore ($10.93 billion) in 2019. The home appliance and consumer electronics industry consumer electronics is expected to double to Rs. 1.48 lakh crore (US$21.18 billion) by 2025.
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