Providers of power management integrated circuit (PMIC) solutions have been tapping into the wide cross-section of demands for ICs in space-constrained applications. Revenue streams in the power management ICs market stem from the need for high-power density and a configurable power management design in computationally intensive platforms, notes Transparency Market Research. Key players have been seeing new opportunities from the constant flux of wearable, sensors, and internet of things devices in several industry verticals. They are quick to unveil solutions that increase programmability, maximize performance per watt, and reduce power dissipation.
Some of the companies who have been at the forefront of the revenues in the PMIC market are Maxim Integrated Products, Texas Instruments, Inc., ON Semiconductor Corporation, Mitsubishi Electric Corporation, STMicroelectronics N.V., and Analog.
Automotive manufacturers and industrial sectors adopting voltage converters and regulators are key factors propelling the expansion of the global PMIC market. World over, there has been substantial uptake of PMICs extending battery life and reducing power dissipation in several of the compact devices hitting the consumer markets. Over the years, various emerging consumer markets have seen a surge of such devices. A large drive for the business proposition for PMICs stems from the proliferating sales of such consumer electronics, most notably smartphones.
Semiconductor devices with configuration and programmable features are gathering traction among electronics manufacturers in various parts of the world. A case in point is the growth in popularity of field-programmable gate array and systems-on-chip semiconductor ICs.
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Deluge of Mobile Connected Devices Reflects on Promising Avenues of Emerging Markets
Several of aforementioend growth factors are the salient characteristics of emerging markets, notably Asia Pacific. In fact, the report projects the Asia Pacific PMIC market to expand at CAGR of 5.5% from 2018 to 2026. Proliferating demands for Li-ion battery-based applications in portable devices among the regional consumers have catalyzed the rise in opportunities in the regional market. Further, the growth has been fueled by the rapid applications of PMICs in automotive.
The study provides a decisive view of the global PMIC market, by segmenting the market on the basis of product type into voltage regulators, motor control IC, integrated ASSP power management IC, battery management IC, microprocessor supervisory IC and others. By end use, the market has been classified into automotive, consumer electronics, industry, telecom & networking and others. The report provides a detailed breakdown of the PMIC market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.
The report further highlights the competitive scenario within the PMIC market, thus ranking all the major players according to their key recent developments and their geographic presence. The insights for the PMIC market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
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On the basis of country, the North America market is bifurcated into Canada, the U.S., and Rest of North America. Furthermore, the Europe market is analyzed acrossthe U.K., France, Germany, Russia, and Rest of Europe. The APAC PMIC marketis also segmented at a country level which includes China, Japan, India, and Rest of Asia Pacific. Middle East &Africa covers the UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa. Similarly, the South America region includes Brazil, Argentina, and Rest of South America. This report provides all the strategic information required to understand the PMIC market along with its material and end use. Also, the report provides insights related to the components and different end use according to the various geographical regions mentioned above.
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