The Power Management IC Market is expected to witness a high growth during the forecast period. The market is estimated to grow from USD 20.09 Billion in 2015 to USD 34.86 Billion by 2022, at a CAGR of 8.08% from 2016 to 2022. The base year considered for the study is 2015 and the forecast period provided is between 2016 and 2022. The objective of the report is to provide a detailed analysis of the market based on product, application, and geography; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and detailed value chain and Porter’s five forces analysis. In addition, its objective is to strategically profile the key players and comprehensively analyze their market ranking and core competencies, along with detailing the competitive landscape for market player, and new product launches, acquisitions, expansions, partnerships, agreements, and contracts in the PMIC market.

The market, on the basis of application, has been further segmented into automotive, wearable electronics, consumer electronics, healthcare, building control, and industry & retail. The consumer electronics application held the largest market share of the global PMIC market in 2015. The power management ICs are used in a variety of consumer electronic devices such as smartphones, tablets, wireless audio devices, laptops, portable navigation systems, and digital cameras among others. Besides their extensive usage, the PMICs allow manufacturers acquire low-cost devices while maintaining the performance of the overall systems. The PMICs are being replaced with the conventional use of voltage regulators in electronic devices such as laptops since they are available as a multi-chip-package. These factors are driving the growth of the PMIC market for the consumer electronics sector.

Get PDF Brochure : https://www.marketsandmarkets.com/requestsampleNew.asp?id=441

The PMIC market for the wearable electronics application sector is expected to exhibit the highest growth rate during the forecast period, due to the increasing demand for power management in the smartphones and fitness & activity trackers. Apart this, the automotive is also expected to witness considerable growth rate during the forecast period, as PMICs are being used widely in infotainment, ADAS, telematics, and automotive passive safety applications.

However, complex integration process for multi–power domain SOCs of PMICs is a major factor that is inhibiting the growth of the PMIC market. The multi-voltage SOCs require robust methodology and toolset for implementation and hence, a proper tool for analog and digital part is a crucial factor. Some of the major players in the PMIC market are Texas Instruments Inc. (U.S.), ON Semiconductor Corp. (U.S.), Analog Devices, Inc. (U.S.), Fairchild Semiconductor Corp. (U.S.), Dialog Semiconductor PLC (U.K.), Maxim Integrated Products, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), NXP Semiconductors Netherlands B.V. (Netherlands), Linear Technology Corp. (U.S.), and Renesas Electronics Corp. (Japan). These players adopted various strategies such as new product developments, mergers & acquisitions, collaborations, and agreement to grow in the PMIC market.