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The global power management IC market reached a value of US$ 28.5 Billion in 2021.
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.
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.
The global power management IC market is expected to exhibit a CAGR of 8.6% during 2022-2027.
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. Voltage Reference Ics represent the most popular product.
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.
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.
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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