Power Management IC Market Predicted to Cross US$ 59.74 Bn. by 2029, Registering a CAGR of 8.10%

[Akash Ra]

Power Management IC Market Overview:

The Power Management IC Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Power Management IC Market, as well as the causes for variances in the industry’s growth in different regions.

The Power Management IC Market is expected to reach US$ 59.74 Bn. by 2029, at a CAGR of 8.10% during the forecast period.

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Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.

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

Consumer electronics and wearable electronics sectors dominated the market by end-user in 2021 and are anticipated to keep doing so with a CAGR of 8.10% over the next five years. One of the main factors fueling the market's expansion is the expanding need for electronics manufacturing around the globe. PMICs are being more widely used in consumer electronics goods, including smartphones, tablets, and other battery-operated devices, which is driving up demand for PMICs components in the global electronics industry. During the projected period, the smartphone PMIC market is anticipated to expand at a CAGR of 4%. In contrast, the automobile sector is anticipated to grow quickly, at a CAGR of 8.10%.PMICs are being adopted more widely in telematics, entertainment, and in-car electronics.

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Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

• The biggest players in the Power Management IC Market are as follows:

• Texas Instruments Incorporated
• Analog Devices, Inc
• Infineon Technologies AG
• STMicroelectronics
• NXP Semiconductors
• Maxim Integrated
• ON Semiconductor Corporation
• Qualcomm Technologies Inc
• Toshiba Corporation
• Renesas Electronics Corporation
• Mitsubishi Electric Corporation
• ROHM Company Ltd
• Dialog Semiconductor
• Fairchild Semiconductor Corp
• Linear Technology Corporation
• Samsung Semiconductor
• Marvell Semiconductor
• Media Tek

Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Power Management IC Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on the Power Management IC Market:

End-user industries where Power Management IC Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Power Management IC Market manufacturers, influencing the development of the Power Management IC Market in 2020. End-user business demand for Power Management IC Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.

Key Questions Answered in the Power Management IC Market Report are:

In 2021, which segment held the highest proportion of the Power Management IC Market?

What is the Power Management IC Market’s competitive landscape?

What are the primary drivers assisting the Power Management IC Market growth?

Which region has the most market share in the Power Management IC Market?

What will be the Power Management IC Market’s CAGR throughout the projected period?

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