Digital Power Management Multichannel IC Market Overview:
Global digital power management multichannel IC market is expected to reach $35,109 million by 2022 from $11,861 million in 2015, and growing at a CAGR of 16.3% from 2016-2022. Digital power management multichannel IC provides power management to internal electronic parts. The global market is projected to witness significant growth during the forecast period, owing to growth in adoption of consumer electronics, increase in concerns over battery management, and rise in issues about energy conservation associated with technological advancements. The demand for smart phones and battery-operated products is expected to register a twofold increase by 2022 in the developing countries.
The global digital power management multichannel IC market is segmented on the basis of product type, application, and geography.
The voltage regulator and integrated ASSP segments together accounted for more than 50% of the share in the overall digital power management multichannel IC market in 2015. According to type, voltage regulator segment dominated the market, accounting for 27.63% of the total market in 2015. Along with voltage regulator, integrated ASSP, battery management, and motor control segments are expected to grow during the study period.
The consumer electronics application segment marginally dominated the market in 2015, and is anticipated to continue this trend. Automotive, industry, and telecom & networking application segments are expected to grow at a significant CAGR.
Increase in Demand for Improved Devices
The major driver of the market is the range of applications and features provided by multichannel PMICs to improve device performance. Growth in demand for consumer electronics devices with respect to improved battery performance and increase in awareness about energy conservation techniques among consumers further fueling the growth of the multichannel PMIC market.
Integration of ICs
Integration of multichannel PMICs is complex for multipower domain SoCs, which limits its applications over the market. Moreover, the system requires robust methodology for their implementation, thus, restraining the market growth.
The report provides a comprehensive analysis of major market players such as STMicroelectronics N.V. (Switzerland), Texas Instruments Inc. (U.S.), Maxim Integrated Products, Inc. (U.S.), Renesas Electronics Corp. (Japan), Analog Devices, Inc. (U.S.), Dialog Semiconductor Plc. (UK), NXP Semiconductors (Netherlands), On Semiconductor Corporation (U.S.), Qualcomm, Inc. (U.S.), and Linear Technology Corporation (U.S.), and the prominent strategies adopted by them.
- The study provides an in-depth analysis of the global digital power management multichannel IC market to elucidate the prominent investment pockets in the market
- Current and future trends are outlined to determine the overall market scenario and single out profitable trends
- The report provides information about key drivers, restraints, and opportunities with impact analysis
Digital Power Management Multichannel IC Market Report Highlights
By Product Type
Key Market Players
STMicroelectronics N.V., Dialog Semiconductor Plc., NXP Semiconductors, On Semiconductor Corporation, Linear Technology Corporation, Texas Instruments Inc., Qualcomm, Inc., Analog Devices, Inc., Renesas Electronics Corp., Integrated Products, Inc.
Other players in the value chain include
ROHM Semiconductor, Infineon Technologies AG, Active-Semi, Inc., Analog Devices, Inc.
Power Management Multichannel IC market is growing at a considerable rate, and is projected to hold significant growth opportunities in the future. Cost-effectiveness, high operating efficiency, and multifunctional features of PMICs are expected to create lucrative market opportunities. In addition, energy-efficient solutions such as low power consumption devices are projected to fuel the market growth. Energy efficient solutions such as low power consumption devices will show drastic growth in coming years. As use of PMICs is crucial in these devices, it is expected to make favorable conditions for this market in future. Increasing adoption of digital PMIC’s in smartphones, portable media players, GPS devices and wearable devices are expected to rise is one of the lucrative targets for investment.
PMIC market is expected to grow significantly in Asia-Pacific, owing to an increase in sales of smart phones in China and India. Chinese hardware manufacturers of consumer electronics are anticipated to gain a stronger foothold in the market, resulting in increase in demand for PMICs. Semiconductor market and overall sales of PMIC are expected to decline, especially in Japan and Korea, and are anticipated to grow in countries such as India, China, and Taiwan.
Most of the companies operating in PMICs market are focusing on product launches to satisfy newly emerging market requirements and compete with competitors’ products. Product launch is the end objective of new product development and is the process of bringing new product in the market. Some of the leading market players are STMicroelectronics N.V., Texas Instruments Inc., Maxim Integrated Products, Inc., Renesas Electronics Corp., and Analog Devices, Inc.