Global Battery Management IC Market 2017-2021
About Battery Management IC
Battery management ICs are analog-intensive and application-specific mixed-signal ICs that are used in various end systems and their battery packs. Battery management ICs are semiconductor ICs incorporated into the electronic devices to optimize battery life and performance. Battery management ICs are analog-intensive and application-specific mixed-signal ICs that are used in various end systems such as laptops, notebooks, smartphones, tablets, and smartwatches and their battery packs.
Technavio’s analysts forecast the global battery management IC market to grow at a CAGR of 5.09% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global battery management IC market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Battery Management IC Market 2017-2021
Technavio recognizes the following companies as the key players in the global battery management IC market: Analog Devices, Fairchild Semiconductor, Maxim Integrated, Microchip Technology, NXP Semiconductors, Renesas Electronics, Richtek Technology, ROHM Semiconductor, Semtech, Skyworks Solutions', STMicroelectronics, and Texas Instruments.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increased adoption of energy harvesting. The push toward greener solutions has prompted developments in energy harvesting techniques. Energy harvesting, at present, is a less popular method of powering devices that use non-traditional energy sources. With the limited battery capacities of wearable and portable devices, vendors are looking to increase battery life by converting sources of lost energy into electrical energy. Solar power is the most common way for energy harvesting at present. Harvesting other sources of energy involve more activities in the laboratory. Researchers are using nanotechnology for energy harvesting from a sphere of sources like string vibration, body motion, static electricity, and sound waves in air or water. Maxim Integrated and Texas Instruments have developed products that use energy harvesting for charging. For instance, Maxim Integrated's MAX17710 is an integrated power management IC for load management and energy storage, developed for charging a low-capacity cell from weakly regulated energy harvesting devices having output levels from 1 µW to 100 mW.”
According to the report, one driver in market is increasing popularity of electric vehicles. Advances in battery technology have facilitated some of the recent innovations in the automotive sector, creating a new generation of electric vehicles and hybrid electric vehicles. The demand for electric vehicles is growing significantly, and thus, the automotive manufacturers are investing heavily in them. For example, Porsche, an automobile manufacturer, announced a huge investment of around $1.08 billion, in December 2015, to build a plant that manufactures all electric sports cars. The growing popularity of electric vehicles, along with their big battery packs and high voltages, has propelled massive investment in safe and efficient battery chargers.
Further, the report states that one challenge in market is design of management IC unit. The miniaturization of electronic components has resulted in the integration of multiple functions on a single IC. The difficulty in such integration is that it may be necessary to compromise on the different functions combined into one device. For instance, it is not easy to find a sufficiently good fuel gauge IC, which covers essential battery management systems, combined with other power management functions. Thus, some designs add a dedicated fuel-gauging chip to a battery manager IC that has built-in fuel-gauging. The battery monitoring IC measures individual cell voltages, which are used to determine SOC and battery stack health that meets each of these design challenges. A higher accurate monitor IC uses each cell’s total capacity, reducing the total cost of the battery stack system.
Analog Devices, Fairchild Semiconductor, Maxim Integrated, Microchip Technology, NXP Semiconductors, Renesas Electronics, Richtek Technology, ROHM Semiconductor, Semtech, Skyworks Solutions', STMicroelectronics, and Texas Instruments.