Global Power Management IC Market 2016-2020
About Global Power Management IC Market
The global power management IC market is driven by factors such as increasing demand for energy-efficient devices. A dramatic rise in the consumption and cost of energy worldwide has forced consumers to save energy and devise methods to minimize environmental impacts caused by carbon emissions. This has increased the demand for power-saving electronic products in the market. Other market drivers are growth in smart home and smart grid technology, increasing processing power in computing and mobile devices, and increased adoption of smartphones and tablets.
Technavio’s analysts forecast the global power management IC market to grow at a CAGR of 7.59% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global power management IC market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of power management ICs.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Power Management IC Market 2016-2020
Technavio recognizes the following companies as the key players in the global power management IC market: Fairchild Semiconductor, Freescale Semiconductor, Qualcomm, ROHM, STMicroelectronics, and Texas Instruments.
Other Prominent Vendors in the market are: Analog Devices, Intersil, Intel, Linear Technology, Maxim Integrated, Mitsubishi Electric, ON Semiconductor, and Renesas.
Commenting on the report, an analyst from Technavio’s team said: “Automation in automobiles will be a key trend for market growth. Automobiles are undergoing a massive digital makeover as an increasing number of automakers are considering automation as a serious trend. Leading automakers such as Toyota, Audi, and Mercedes have invested considerable resources in the R&D of vehicle automation. The next-generation automobiles are expected to include speech recognition, video and image compatibilities, and IC-integrated LED front lighting. Semiconductor content has a crucial role in vehicle automation, especially in networked communication and driving automation. It constantly provides accurate information for the inbuilt artificial intelligence for an optimal drive experience. In this scenario, the role of power management ICs is to optimally supply power to all essential electronic components of the vehicle.”
According to the report, proliferation of energy-efficient devices will be a key driver for market growth. Energy resources have been depleting around the globe. With growing electricity consumption, the generation of power is posing a challenge to governments worldwide. This has led to a major concern regarding efficient utilization of electricity as an energy source. The need for conserving energy and reducing the associated environmental impacts that arise from carbon emissions has increased the demand for power-saving electronic products. The integration of power management semiconductor ICs in electronic devices reduces power consumption while augmenting the system's reliability and robustness. It increases the energy efficiency of electronic products. Moreover, the efficient power conversion process reduces CO2 emissions and energy costs, which further accelerates the demand for power management semiconductor ICs.
Further, the report states that the increased miniaturization of semiconductor electronic devices has pressurized power management semiconductor IC manufacturers to reduce the board space while maintaining manufacturing costs. This requires over 30 different high- and low-voltage circuits and analog functions are to be integrated on a single chip, increasing design complexity and the cost of manufacturing. With rapid technological advances and trend of miniaturization, the size of circuits and chips are constantly decreasing, while the demand for uncompromised performance is continuously increasing. This poses a challenge to power management IC manufacturers as they have to design high-performance IC chips with reduced size and at low cost.
Freescale Semiconductor, Qualcomm, ROHM, STMicroelectronics, Texas Instruments, Analog Devices, Intersil, Intel, Linear Technology, Maxim Integrated, Mitsubishi Electric, ON Semiconductor, and Renesas.
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