Power Management Integrated Circuits (PMICs) Market Overview:
Global power management integrated circuits (PMIC) market generated $37,802 million revenue in 2015, and is projected to reach $57,888 million by 2022, registering a CAGR of 6.1% from 2016 to 2022. PMICs, which stands for power management integrated circuits, are electronic components that offer highly integrated, high-performance power management solutions in various end user industries such as automotive, consumer electronics, telecommunication & networking, and others. PMICs offer optimum integration solutions, owing to their characteristic features such as power management, system control, battery management, interface & audio functions, and other system specific functions. In the present scenario, a wide range of PMICs are used, which include voltage regulators, battery management IC, integrated ASSP power management IC, and motor control IC. They offer high-efficiency solutions to extended battery life and reduce power dissipation.
The global PMIC market is driven by factors such as technological advancements and increased demand for battery-operated devices. Moreover, upsurge in sales of consumer electronics (especially smartphones) and boom in the automobile sectors have supplemented the market growth. Increased use of next generation mobile networks such as 3G, 4G, and 5G are expected to fuel the market growth. In addition, increased adoption of data centers, spiraling growth of the light emitting diode (LED) market, rise in awareness of energy harvesting solutions, growth in renewable energy market & smart grids, and extensive use of PMICs in hybrid electric vehicles are some of the key drivers of the market.
However, complex integration processes involved in multi-power domain SOCs of PMICs is hampering the market growth. For instance, multi-voltage SOCs require robust methodology and tool sets for implementation, which in turn affecting the adoption of such technology.
The report provides valuable, in-depth insights on the industry, which include product manufacturers & suppliers, original equipment manufacturers (OEMs), assemblers, testers, and packaging players, fabless players, chipset manufacturers, and others. PMIC manufacturers have focused on developing technologies to develop compact and high-performance multifunctional power management ICs, select appropriate line of action, prioritize & align their efforts and investments.
The PMIC market is segmented on the basis of product type, end use, and geography. Based on the product type, the market is segmented into voltage regulators, motor control ICs, integrated ASSP power management ICs, battery management ICs, and others. The end users of the market are automotive/transportation, consumer electronics, industries, telecom & networking providers, and others. The market is segmented based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. North America is further segmented into the U.S., Mexico and Canada; whereas, Europe includes the UK, Russia, Germany, Italy, France, and rest of Europe. The countries covered under the Asia-Pacific region are China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific. LAMEA includes Latin America, Middle East, and Africa.
End use of Digital Power Management IC Solutions
Leading market players have focused on expanding their business operations across emerging countries by introducing innovative solutions. The major players profiled in this report are Texas Instruments Inc., ON Semiconductor Corp., Analog Devices Inc., Dialog Semiconductor PLC, Maxim Integrated Products Inc., Linear Technology Corporation, Infineon Technologies AG, Mitsubishi Group, Renesas Electronics Corp, and STMicroelectronics N.V.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the global power management integrated circuits (PMICs) market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The report includes quantitative analyses of the industry for the period of 2014‐2022 to enable stakeholders to capitalize on the prevailing market opportunities.
- Competitive intelligence of the leading players of the industry highlights the business practices followed by them across various geographies.
Power Management Integrated Circuits (PMICs) Market Key Segments
By Product Type
- Voltage regulators
- Motor control ICs
- Integrated ASSP Power Management ICs
- Battery Management ICs
By End Use
- Consumer Electronics
- Telecom & Networking
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players
- Texas Instruments Inc.
- ON Semiconductor Corp.
- Analog Devices Inc.
- Dialog Semiconductor PLC
- Maxim Integrated Products Inc.
- Linear Technology Corporation
- Infineon Technologies AG
- Mitsubishi Group
- Renesas Electronics Corp
- STMicroelectronics N.V.