New York, NY, May 31, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Power Management Integrated Circuit Market By Product (Integrated ASSP Power Management IC, Microprocessor Supervisory IC, Motor Control IC, Voltage Regulators, and Battery Management IC) and By End-Use (Consumer Electronics, Automotive, Telecom and Networking, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global power management integrated circuit market was around USD 45.99 billion in 2018 and is expected to reach approximately USD 70.86 billion by 2025, at a CAGR of slightly above 6.37%between 2019 and 2025.
The integrated circuit, also known as microchip or chip, manages power flow between transistors, tiny resistors, and capacitors. An integrated circuit is made of silicon and looks like a small wafer and can hold anywhere from one or more number of resistors, transistors, and capacitors. It is used in devices like timer, computer memory or microprocessor, and amplifier.
Browse through 55 Tables & 24 Figures spread over 110 Pages and in-depth TOC on “Global Power Management Integrated Circuit Market Share 2018: Industry Size, Growth, Trends Analysis and Forecast, 2025”.
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The global power management intergraded circuit market is likely to grow significantly in the years ahead, owing to the rising need for energy conservation. Technological innovations in the smartphones will also drive the power management integrated circuit market, as it improves its cost and performance and decreases carbon footprints. Moreover, rising demand for smart grid generation and smart homes, growing need to process power for cellular devices and increasing adoption of smartphones and tablets are also contributing to the power management integrated circuit market. Additionally, the surging IC demand in the automobile sector and consumer electronics has also complemented the market growth.
With ongoing improvements in the data network and internet speed, the 3G, 4G, and 5G network providers are working to offer consumers with upgraded circuit phones to match customer expectations, which will further support the power management integrated circuit market. However, rising complexity in the designing and developing PMIC/MCMs architecture and uncertain economic stability in the market may hinder the market growth.
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The power management integrated circuits market is segmented on the basis of product and end-use. The product segment of the power management integrated circuit market includes integrated ASSP power management IC, voltage regulators, microprocessor supervisory IC, battery management IC, and motor control IC. Voltage regulators have various benefits considering its use in electronic devices. It helps in maintaining the desired voltage level, even in the floating input power or supply. On the basis of end-use, the power management intergraded circuit market includes consumer electronics, automotive, telecom and networking, and others.
The North American power management integrated circuit market is likely to grow significantly in the years ahead, owing to the surging demand for smartphones, growing automotive purchases, and rising consumer preference for electric vehicles. Smartphones, wearable devices, and the automotive industry majorly contribute to the U.S. economy. The growing demand for industrial motion control is also expected to fuel this regional market. Furthermore, cellular and automotive strategies to develop and meet the constantly rising demand by means of merger and acquisition and relocations of facilitates are observed across the region. This, in turn, is expected to create new opportunities for the market.
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The European Union is projected to drive the market over the forecasted timeline, due to the growing number of R&D activities witnessed in the automation sector and portable devices for achieving more energy efficiency. Manufacturers in the European Union are developing customized solutions in intergraded circuits to meet the evolving demand in various industrial applications.
The Asia Pacific region is expected to hold a substantial share of the global market in the future, owing to the presence of developing countries like India and China. The growing adoption of consumer electronics has led to further market growth in this region. The regional government plans on investing in constructing high-speed rail and flourishing telecommunication sector are also likely to drive the Asia Pacific power management integrated circuit market. Other factors pushing the Asia Pacific includes the growing manufacturing of smartphones, cellular devices, touch-sensitive devices, and automobiles.
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In Latin America, the power management integrated circuit market is growing at a considerable rate, as the Brazilian government is making efforts to attract renowned companies to invest in their production plans of semiconductor plants. Moreover, the companies involved in these plans will be exempted from federal taxes, such as ISS, COFINS, and PIS. Additionally, Latin America relies on other nations to fulfill its needs for smartphones and other electronics.
The rising demand for energy-efficient LED lights, portable devices, and electric vehicles will drive the Middle Eastern and African power management integrated circuit market in the future.
Some leading players of the global power management integrated circuit market are STMicroelectronics (Switzerland), Semiconductor (U.S.), Dialog Semiconductor (UK), Analog Devices (U.S.), Linear Technology (U.S.), Texas Instruments (U.S.), and Maxim Integrated Products (U.S.).
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This report segments the global power management integrated circuit market into:
Power Management Integrated Circuit Market: Product Analysis
- Voltage Regulators
- Motor Control IC
- Integrated ASSP Power Management IC
- Battery Management IC
- Microprocessor Supervisory IC
Power Management Integrated Circuit Market: End-Use Analysis
- Automotive
- Consumer Electronics
- Telecom and Networking
- Others
Power Management Integrated Circuit Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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