Power Management ICs Market, By Product (Voltage Regulators, Motor Control IC, Integrated ASSP Power Management IC, Battery Management IC, Others), By End user (Automotive & Transportation, Consumer Electronics, Industrial, Telecom & Networking, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
Power management integrated circuits (PMICs) is an electronic device, which is used to control and manage power in an effective manner. These integrated circuits are commonly used in any consumer electronics device including portable media players, medical equipment, mobile phones, wearable devices, and others. Furthermore, power management ICs find application in consumer electronics, automobiles, industrial, healthcare, and telecommunication sectors.
The rising demand for electrification in the automotive industry is one of major factor that is expected to boost the market growth over the forecast period. Market players are adopting strategies of partnership for development of connected vehicles. For instance, in September 2019: Qualcomm Technologies Inc., a subsidiary of Qualcomm Incorporated, entered into partnership with Trimble Inc., for the development of high-accuracy positioning solutions for connected vehicles. Qualcomm Technologies is going to combine Trimble’s RTX technology with select Qualcomm Snapdragon Automotive 5G and 4G platforms, which is expected to deliver highly accurate positioning for maintaining the lane position to improve the autonomous driving solutions and advanced driver-assistance systems (ADAS).
Furthermore, increasing need of energy efficient battery powered devices has driven demand for power management ICs. For instance, on December 17, 2020, South Korea-based MagnaChip Semiconductor Corporation launched first power management integrated circuits (PMICs) for laptops with UHD display panels.
This report segments the Global Power Management ICs market on the basis of product, end user, and region. On the basis of product, the Global Power Management ICs market is segmented into voltage regulators, motor control IC, integrated ASSP power management IC, battery management IC, and others. On the basis of end user, the Global Power Management ICs market is segmented into automotive & transportation, consumer electronics, industrial, telecom & networking, and others. On the basis of region, the Global Power Management ICs market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA).
Key features of the study:
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