Power Management IC Market Demand & Competitive Analysis by Leading Manufacturers by 2027

Power Management Integrated Circuits Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Voltage Regulators, Motor Control IC, Integrated ASSP Power Management IC, Battery Management IC, and Other Power Management IC) and End Use (Automotive & Transportation, Consumer Electronics, Industrial, Telecom & Networking, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

The global power management integrated circuits market size was valued at $33.96 billion in 2019, and is projected to reach at $51.04 billion by 2027, growing at a CAGR of 5.3% from 2019 to 2027. Asia-Pacific is expected to be the leading contributor to the global power management integrated circuits market, followed by North America and Europe.

Download Research Report Sample & TOC @
https://www.alliedmarketresearch.com/request-sample/1945

Power management ICs are highly integrated power management solutions used for a wide range of battery-operated electronic devices. PMICs are extensively used to fulfill power requirements in various applications such as consumer electronics, automobile, telecom & networking, and in the industrial sector. The global PMICs market is estimated to witness significant growth during the forecast period.

The growth is primarily due to rise in production of automobile & battery supported portable electronic devices, increase in emphasis over performance efficiency, and surge in concerns associated with the costs incurred for power management solutions. The demand for battery-supported devices such as smart phones is expected to register a noticeable increase in future majorly from Asia-Pacific countries such as India and China.

Growth in emphasis on industries such as consumer electronics inclusive of semiconductor manufacturing, telecommunication & networking, and automotive are expected to boost the growth of PMICs. However, factors such as increase in complexity in designing and developing PMIC architecture and uncertainty in the economic stability of the market are likely to limit the power management integrated circuits market growth.

Voltage regulators are primarily used in electronics devices to maintain a constant output level of voltage despite fluctuations in input supply or current. Voltage regulators are used in various application areas such as automation, data processing, and lighting. Furthermore, these devices are very crucial in power supply systems. Voltage regulators are followed by integrated ASSP power management; it is a semiconductor-embedded device designed for application specific functioning. Integrated ASSP PMICs captured the second largest market share in 2019.

Inquiry Before Buying @
https://www.alliedmarketresearch.com/purchase-enquiry/1945

The power management IC market is segmented on the basis of product type, end use, and region.

Based on product type, the voltage regulators segment held the lion's share in 2019, accounting for more than one-fourth of the global power management integrated circuits market, owing to the increasing need for power supply. However, the battery management IC segment is projected to portray the highest CAGR of 6.4% during the forecast period, due to growing production capability and sales of battery-operated electronic gadgets.

By end use, the industrial segment is estimated to register the highest CAGR of 6.1% from 2020 to 2027. This is owing to technological innovations, continuous introduction of low-priced vehicles in the market, competitive rivalry among major manufacturers, and changing preferences of customers. However, the automotive and transportation segment held the lion's share in 2019, contributing to more than one-fourth of the global power management integrated circuits market, due to rise in automation in industries, smart grid & metering, and continuous innovations in battery-supported equipment.

By region, the market across Asia-Pacific, followed by North America, held the lion's share in 2019, accounting for nearly half of the market. In addition, the region is expected to register the highest CAGR of 6.3% during the forecast period, owing to presence of many large manufacturers of electronic devices. The global power management integrated circuits market across North America is expected to register a CAGR of 4.2% from 2020 to 2027.

Request for Customization @
https://www.alliedmarketresearch.com/request-for-customization/1945

The key players profiled in the report include Texas Instruments Inc., ON Semiconductor Corp., Analog Devices Inc., Dialog Semiconductor PLC, Maxim Integrated Products Inc., NXP Semiconductors, Infineon Technologies AG, Mitsubishi Group, Renesas Electronics Corporation, and STMicroelectronics N.V. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their power management integrated circuits market share.

Key Findings Of The Study
• In 2019, the voltage regulators segment dominated the global PMIC market, accounting for around 27.00% revenue share.
• The automotive/transportation segment is expected to dominate the global market throughout the forecast period.
• Asia-Pacific dominated the global power management integrated circuits market in 2019, with China being the market leader.

Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.