Power Management IC Market is expected to reach US$ 59.74 Bn. by 2029, at a CAGR of 8.10% during the forecast period.
Power Management IC Market Overview:
The global Power Management IC Market Research Report 2022-2029 by Maximize Market Research is a customized and in-depth analysis of the Power Management IC industry, with a focus on the global market trend in the same forecast period.
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Power Management IC Market Scope:
The worldwide ” Power Management IC Market” study looks at important industry factors including progress, segmentation, growth prospects, opportunities, challenges, and competitive analysis. The segmentation analysis focuses on revenue and forecast by region, kind, and application for the period 2021-2027. This study investigates the market size, development status, and forecast, as well as a company profile. It also provides information on the competitive climate as well as data from the most important firms.
Power Management IC Market Drivers:
Increasing adoption of PMIC in battery-operated products such as mobile phone devices and portable media players is a major driving factor behind the growth of the market. Growing technological advancements in power management devices, the rising market for electronics and semiconductor manufacturing industry across the globe, the increasing requirement for cost-effective devices to manage power and for energy-efficient battery-operated devices, the growing popularity of technologies such as energy harvesting and increasing demand of power management devices for the applications like IoT, medical, industrial, consumer, automotive and many others are expected to improve the growth of the market during the forecast period.
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Power Management IC Market Segmentation:
by Product
Voltage regulators
Motor control ICs
Integrated ASSP Power Management ICs
Battery Management ICs
Others
by End User
Automotive / Transportation
Consumer Electronics
Wearable Electronics
Industrial
Telecom and Networking
Others
Power Management IC Market Key Players: The key players are
1. Texas Instruments Incorporated
2. Analog Devices, Inc
3. Infineon Technologies AG
4. STMicroelectronics
5. NXP Semiconductors
6. Maxim Integrated
7. ON Semiconductor Corporation
8. Qualcomm Technologies Inc
9. Toshiba Corporation
10.Renesas Electronics Corporation
11.Mitsubishi Electric Corporation
12.ROHM Company Ltd
13.Dialog Semiconductor
14.Fairchild Semiconductor Corp
15.Linear Technology Corporation
16.Samsung Semiconductor
17.Marvell Semiconductor
18.Media Tek
Regional Analysis:
The research report is organised into sections based on area, manufacturer, type, and application. Each category provides output estimates for the years 2021 through 2027. Consumption by Application is also supplied for the forecasted period of 2021 to 2027. Understanding the categories helps determine the importance of numerous components that contribute to market growth.
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COVID-19 Impact Analysis on Power Management IC Market:
The research provides light on COVID-19 by considering changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of current market forces, and substantial government initiatives into account. Based on the market effect of COVID-19, the revised study provides insights, analysis, projections, and predictions.
Key Questions Answered in the Power Management IC Market Report are:
- Which segment grabbed the largest share in the Power Management IC market in 2020?
- How is the competitive landscape of the Power Management IC market?
- Which are the key factors aiding the Power Management IC market growth in the forecast period (2021-2027)?
- Which region held the maximum share in the Power Management IC market in 2020?
- What will be the CAGR of the Power Management IC market during the forecast period (2021-2027)?
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