Power Management IC Market Size, Share, Emerging Trends, Sales Revenue, Development Strategy, Competitive Landscape, Opportunity Assessment and Regional Forecast 2023

Power Management IC Market Size, Share, Emerging Trends, Sales Revenue, Development Strategy, Competitive Landscape, Opportunity Assessment and Regional Forecast 2023

Market Research Future
Market Research Future published a research report on “Power Management IC Market Research Report – Global Forecast To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Synopsis

MRFR reports that the global Power Management IC market is set to surpass a valuation of USD 38,300 Mn by 2023, growing at 8.8% CAGR between 2018 and 2023. With electronic products becoming smaller and compact, the importance of PMIC continues to grow further. These ICs are gaining traction in the semiconductor industry due to their superior functional capabilities. They offer a range of solutions for challenges faced in developing complex electronic designs. Demand for PMIC is expected to remain strong in the forthcoming years, which is a positive indication for market players. Further, the growing popularity gallium nitride (GaN) and silicon-carbide (SiC) is likely to reflecting favorably on the PMIC market during the forecast period.

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Key Players

Some of the key players in the market are Texas Instruments Inc. (U.S.), ON Semiconductor Corp. (U.S.), Analog Devices, Inc. (U.S.), Dialog Semiconductor PLC (U.K.), Maxim Integrated Products, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), and Linear Technology Corp. (U.S.), Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), among others.

Market Segmentation:

The global Power Management IC Market has been segmented on the basis of product and application. Based on products, the power management IC market has been segmented into voltage regulators, motor control ICs, integrated ASSP power management ICs, battery management ICs, and others. Among these products, the integrated ASSP power management ICs segment includes energy management ICs, wireless charging ICs, power factor correction controllers, LED driver ICs, battery charging and management ICs, Hot-swap controllers and power-over-ethernet (PoE) controllers. The power management ASIC/ASSP segment is anticipated to dominate the global market during the forecast period owing to the increased use of these products in smart phones, laptops, tablets, and other portable devices. 

On the basis of application, the power management IC market is segmented into automotive, consumer electronics, industries, telecom and networking, wearable and others. Among these, the consumer electronics segment offer lucrative opportunities for the market players and is anticipated to project the fastest growth compared to other applications during the forecast period.

Detailed Regional Analysis:

On the basis of region, the global PMIC market is segmented into North America, Europe, Asia-Pacific and the rest of the world. Among these regions, Asia-Pacific accounts for the highest share in the global power management IC market, owing to the rise in demand for automated devices and semiconductors in this region. The booming automotive industry is driving the market in the North America region. High adoption of smart portable devices is fueling the demand for PMIC, leading to the expansion of the power management IC market in the rest of the world.

Intended Audience

  • Component Manufacturers
  • Electronic design automation
  • Original equipment manufacturers
  • Technology investors
  • Research institutes & organizations
  • Product manufacturers

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1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.3 List Of Assumptions

2.4 Market Structure

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Forecast Model

5 Market Dynamics

5.1 Overview

5.2 Drivers

5.2.1 Miniaturization Of Electrical Components For Consumer Electronics And Wearables

5.2.2 Integrating Mixed-Signal ICs With PMICs

5.3 Opportunity

5.3.1 Growth Of Silicon Carbide (SiC) And Gallium Nitride (GaN) Materials

5.4 Restraint

5.4.1 Development Issues In Multi-Power Domain SoCs 


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