HOME › Press Releases › Power Management IC (PMIC) Market worth 34.86 Billion USD by 2022
Power Management IC (PMIC) Market worth 34.86 Billion USD by 2022
According to the new market research report "Power Management IC (PMIC) Market by Product (Linear Regulator, Switching Regulator, Voltage References, Battery Management IC, Energy Management IC, LED Driver IC, POE Controller, Wireless Charging IC), Application, and Geography - Global Forecast to 2022", the power management IC (PMIC) market is estimated to reach USD 34.86 Billion by 2022, growing at a CAGR of 8.08% between 2016 and 2022. The increasing applications of PMICs in various sectors such as consumer electronics, wearable electronics, automotive, healthcare, industrial & retail, and building control are driving the growth of the PMIC market.
Browse 71 market data Tables and 71 Figures spread through 160 Pages and in-depth TOC on "Power Management IC (PMIC) Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
Consumer electronics expected to have the largest market share during the forecast period
The PMIC market is segmented on the basis of application into consumer electronics, wearable electronics, automotive, healthcare, industrial & retail, and building control. The market for PMIC was dominated by the consumer electronics sector due to the increasing use of PMIC components in an extensive range of consumer electronics devices such as tablets, smartphones, laptops, wireless audio devices, digital cameras, and portabel navigation systems among others.
Power management ASICs/ASSPs/others to dominate the PMIC market during the forecast period
Power management products such as battery charging & management ICs, energy management ICs, LED driver ICs, Power-over-Ethernet (PoE) controllers, power factor correction (PFC) controllers, hot swap controllers, and wireless charging ICs are expected to account for the largest share of the PMIC market during the forecast period. The market for power management ASICs/ASSPS/others is also expected to grow at the highest CAGR during the period due to the increasing use of these products in smartphones, tablets, laptops, and other portable devices. The increasing demand for battery charging & management ICs in portable devices and LED driver ICs in lighting applications is also driving the growth of this market.
Market in APAC expected to have the largest share and grow at the fastest rate
The PMIC market in APAC is expected to have the largest share of the global power management IC (PMIC) market during the forecast period. This is because of the increasing adoption of the PMICs across multiple application areas, majorly automotive and consumer electronics, in this region. APAC also offers potential growth opportunities for the PMIC market since there is an increase in the demand for smartphones, tablets, laptops, smartwatches, and activity & fitness monitors among others. Thus, various application sectors, such as consumer electronics, leverage the features of PMICs to provide high performance power management solutions.
The report covers detailed information regarding the major factors influencing the growth of the PMIC market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has also been done to provide insights into their business overview, product and service offerings, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the PMIC market.
Some of the key players operating in the PMIC market are Texas Instruments Inc. (U.S.), ON Semiconductor Corp. (U.S.), Analog Devices, Inc. (U.S.), Fairchild Semiconductor Corp. (U.S.), Dialog Semiconductor PLC (U.K.), Maxim Integrated Products, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), NXP Semiconductors Netherlands B.V. (Netherlands), Linear Technology Corporation (U.S.), and Renesas Electronics Corporation (Japan).
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India