Power Management Integrated Circuit Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Rising demand for automobiles coupled with increasing use of consumer electronics, across the globe to drive the power management integrated circuit market

The power management integrated circuit market is poised to touch US$ 51.7 Bn by 2029, growing at a CAGR of 6.5% during an estimated timeframe from 2021 to 2029 on a global scale. Growing adoption of energy-efficient consumer electronics, rising demand of smartphones & tablets, continuous expansion of automotive & industrial sectors and increasing use of battery-powered devices in telecommunication and healthcare sectors is projected to ensure continued growth for power management integrated circuit in the years to come. The complex integration process for multi-power domain SOCs of PMICs, high equipment cost, complicated installation process, and huge capital investments are few causes that might hamper the market progression of power management integrated circuit.

Increasing demand for consumer electronics to drive growth prospects

Power Management Integrated circuits (PMICs) are the vital component and has become merely used in consumer products like tablets, television, computer & server system, industrial applications such as medical equipment, fitness equipment and portable instruments, and electronics devices requiring energy efficient power management solutions. Furthermore, global consumer products manufacturing companies are extensively collaborating with local partners to develop proprietary technology to enhance their businesses. For instance, in 2019, Procter & Gamble Co. invested around US$ 100 million for a digital innovation E-center in Singapore.

The consumer electronics has generated a sales revenue of around US$ 5.389 million, in 2020, thereby driving the demand for power management integrated circuit globally. In addition, the rising inclusion of electronic components in vehicles, rapid adoption of smartphones, and increasing number of battery control solutions enhanced the market over the forecast period.

Asia Pacific to Dominate, North America to Witness Strong Growth

Asia-Pacific holds a market share of about 65% in the global power management IC market due to an increase in the number of original design manufacturers (ODM) and original equipment manufacturers (OEM). Increasing applications from automotive and consumer electronics are projected to boost the demand for power management integrated circuits over the forecast period. In addition, various government initiatives such as “Vision 2020” and “Make in India” are progressively drawing the attention of international players to set up local production units across the region. For instance, Integrated Device Technology has been acquired by Renesas Electronics Corporation, thereby will expand the company's system on a chip, advanced microcontroller, and power management ICs.

The increasing demand for energy-efficient electronic devices has expanded the market for power management integrated circuits (ICs) in North America. Furthermore, the growing implementation of PMICs components in IoT technology and connected devices is supporting the industrial growth in North America. Development and investment for smart homes and cities, increasing adoption towards electronic gadgets by the U.S. government, have further spur out the demand for power management integrated circuits across the region.

Key Players & Competitive Landscape:

Some of the leading manufacturers profiled in the study include Texas Instruments Incorporated, Maxim Integrated Products Inc., ON Semiconductor Corp, Infineon Technologies AG, Mitsubishi Corp, Analog Devices, Inc., STMicroelectronics NV, Dialog Semiconductor PLC, Renesas Electronics Corporation and QUALCOMM, Inc. among others.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2021 to 2029, considering 2020 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

The research study on power management integrated circuit market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global power management integrated circuit market based on its product type, application and geography.

Key segments covered in the report are as follows:

Product Type Segment (2021-2029; US$ Bn)

• Voltage regulators Motor control ICs
• Integrated ASSP Power Management ICs
• Battery Management ICs
• Microprocessor Supervisory ICs

Application Segment (2021-2029; US$ Bn)

• Automotive
• Industrial
• Consumer Electronics
• Telecommunications
• Others

Geography Segment (2021-2029; US$ Bn)

• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

• What was the global power management integrated circuit market size in 2019 & 2020?
• What is estimated forecast and market projections up to 2029?
• Which is largest regional power management integrated circuit market?
• Which application has the largest penetration of power management integrated circuit and related facilities?
• Which are the predominant trends shaping the global power management integrated circuit market?
• Which is the most promising, attractive, and less-explored product type segment in the global power management integrated circuit market?
• Who are the leading manufacturers in the global power management integrated circuit market?
• What are the premiere strategies adopted by the leading players in the global power management integrated circuit market?

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