Power Management IC Market Size, Share and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Power Management IC Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global power management IC market reached a value of US$ 27.4 Billion in 2019. A power management integrated circuit (PMIC) refers to an array of combined microchips that are used to manage the flow of energy between transistors and capacitors in electronic devices. It is commonly utilized in battery-operated electronics, including smartphones, portable media players, wearable devices and healthcare equipment. It performs various operating functions, such as power and battery management, system control, voltage regulation, audio and interface functions and other application-specific tasks. Owing to this, PMIC finds extensive applications across electronics, automotive, computing devices, communication and healthcare industries.

The growing demand for battery-powered consumer devices across the globe is one of the key factors driving the growth of the market. Furthermore, the growth of the telecommunication sector and various technological advancements in wireless technology and peripheral devices are other major growth-inducing factors. The market is also being driven by the growing environmental-consciousness leading to the construction of cities with smart grid systems as their integral part. This is leading to an increasing demand for PMIC systems to manage wired and non-wired connections. Additionally, rising automation in the automotive industry is contributing significantly to the market growth. Automobile manufacturers utilize PMIC systems to efficiently manage extreme battery voltage fluctuations, extend the battery life and operate security systems. Other factors, including the widespread adoption of energy harvesting systems and the integration of Big Data and Internet of Things (IoT) across various industry verticals, are projected to drive the market in the upcoming years. Looking forward, IMARC Group expects the global power management IC market to exhibit moderate growth during 2020-2025.

Breakup by Product:

Linear Regulator ICs
Switching Regulator ICs
Voltage Reference ICs
Power Management ASICs/ASSPs
Others

Breakup by Application:

Communication
Computing Devices
Consumer Electronics
Automotive
Healthcare
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Analog Devices Inc., Dialog Semiconductor Plc, Linear Technology Corporation, Maxim Integrated Products Inc., NXP Semiconductors, On Semiconductor Corporation, Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments Inc., etc.

Key Questions Answered in This Report:

1. What is the impact of COVID-19 on the global power management IC market?

The outbreak of the coronavirus disease (COVID-19) has negatively impacted the market as governments of various countries have imposed complete lockdowns leading to the temporary closure of manufacturing facilities, which has limited the production output.

2. What was the global power management IC market size in 2019?

The global power management IC market was worth US$ 27.4 Billion in 2019.

3. What are the major global power management IC market drivers?

The rising demand for battery-powered consumer devices and the rapid growth of the telecommunication sector represent the primary factors catalyzing the market growth. Moreover, various technological advancements in wireless technology and peripheral devices are also contributing to the market growth.

4. What are the major global power management IC market trends?

The market is propelled by the widespread adoption of energy harvesting systems and the integration of the Internet of Things (IoT) and big data analytics with power management ICs.

5. What will be the global power management IC market outlook during the next five years?

The global power management IC market value is expected to reach US$ 42 Billion by 2025.

6. What is the global power management IC market breakup by product?

Based on the product, the market has been categorized into linear regulator ICs, switching regulator ICs, voltage reference ICs, power management ASICs/ASSPs, and others. Power management ASIC/ASSPs represent the most popular product.

7. What is the global power management IC market breakup by application?

On the basis of the application, the market has been classified into communication, computing devices, consumer electronics, automotive, healthcare and others. Consumer electronics currently exhibit a clear dominance in the market.

8. What are the major regional markets in the global power management IC industry?

Region-wise, Asia Pacific (China, Japan, India, Indonesia, South Korea, Australia and others) holds the leading position in the market. Other regions include North America (the United States and Canada), Europe (Germany Italy, the United Kingdom, France, Russia, Spain and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.

9. Who are the leading players in the global power management IC industry?

Leading players operating in the industry are Analog Devices, Inc., Dialog Semiconductor PLC, Linear Technology Corporation, Maxim Integrated Products, Inc., NXP Semiconductors N.V., On Semiconductor Corporation, Renesas Electronics Corporation, ST Microelectronics International N.V. and Texas Instruments Incorporated.

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