Market Overview

Global $42.42 Bn Power Management IC Market 2018-2023: Major Players Are Texas Instruments, NXP Semiconductor, Dialog Semiconductor, and Renesas Electronic - ResearchAndMarkets.com

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The "Power
Management IC Market - Forecasts from 2018 to 2023"
report has
been added to ResearchAndMarkets.com's offering.

The power management IC market was valued at US$28.515 billion in 2017
and is projected to expand at a CAGR of 6.84% over the forecast period
to reach US$42.422 billion by 2023.

Growing demand for battery-powered devices such as smartphones, wearable
devices, tablets, and digital cameras among others is driving the global
power management IC market. Furthermore, increasing demand for energy
harvesting technologies coupled with technological advancements is also
fueling the demand for these ICs over the forecast period. Growing
building control, industrial and retail sectors will propel the power
management IC market growth in the forthcoming years.

The wearable electronics sector is expected to experience the highest
growth rate owing to growing awareness regarding good health and fitness
across the globe, especially in developing countries. Booming global
automotive industry is also contributing to the demand for these ICs
during the forecast period.

Geographically, Asia Pacific is anticipated to witness rapid regional
market growth. Rising disposable incomes and improving living standard
along with growing aging population and health awareness are some of the
factors augmenting the demand for consumer electronics such as
smartphones, tablets, and wearable devices. This, in turn, is driving
the demand for power management ICs by consumer electronics industry in
Asian emerging economies such as Japan, China, and India.

Rising demand for automotive, especially the passenger vehicles coupled
with booming industrial and retail sectors will further fuel the demand
for these ICs in the APAC region. However, complex integration process
for multi-power domain SOCs due to a requirement of robust methodology
and toolsets for implementation will restrain the market growth during
the forecast period.

Major industry players profiled as part of the report are Texas
Instruments, NXP Semiconductor, Dialog Semiconductor, and Renesas
Electronic Corporation among others.

Segmentation:

The power management IC market has been analyzed through following
segments:

By Type

  • Linear Regulator
  • Switching Regulator
  • Voltage Regulator
  • Power Management ASSP

By Industry Vertical

  • Manufacturing
  • Automotive
  • Consumer Electronics
  • Communication and Technology
  • Healthcare
  • Military and Defense
  • Others

Companies Mentioned

  • Texas Instruments
  • Analog Devices, Inc.
  • Maxim Integrated
  • Renesas Electronic Corporation
  • STMicroelectronics
  • ON Semiconductor
  • Dialog Semiconductor
  • NXP Semiconductor

For more information about this report visit https://www.researchandmarkets.com/research/p3tcjj/global_42_42_bn?w=4

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