Power Management IC (PMIC) Market By Product (Voltage regulators, Motor control ICs, Integrated ASSP Power Management ICs, Battery Management ICs ), By Application (Automotive, Consumer Electronics, Industrial, Telecom & Networking ), Industry Trends, Estimation & Forecast, 2016 - 2024

September 2017

 Pages: 134

 ERC 5642


Power Management IC (PMIC) Market was valued at $40.21 billion in 2016 and is projected to reach $61.33 billion by 2023, growing at a CAGR of 6.4% from 2017 to 2023. In 2016, the voltage regulators segment generated the highest revenue share in the global PMIC market.

Power Management Integrated Circuits (PMICs or PMU), as the name suggests, are integrated circuits that monitor and fulfill the power requirements of a host system. Power management ICs are chips that are mainly capable of electric power controlling or/and power conversion, along with other functions such as battery charging, power-source selection, voltage scaling, and power sequencing. Such integrated circuits are widely used in portable media players and mobile phones, as they provide highly integrated low-power microprocessor platform. Power management ICs are witnessing a surging demand across numerous sectors such as automobiles, medical instruments, consumer electronics, and industrial sector. The global power management IC market is highly versatile and projects stiff competition among the numerous market players. The market players are focusing on innovations, product price, support services, and quality & performance of their product, in order to outpass their competitors.

Market Determinants

The rising awareness regarding efficient use of power and surging demand for portable devices with longer shelf life are anticipated to offer a robust growth to the global power management IC market. The market size is expected to spur during the forecast period, owing to the declining prices of integrated circuits and their wide adoption in smartphones, automobiles, tablets, and other devices. The increasing sales trend of smartphones and automobiles is expected to boost the market growth throughout the forecast period. However, the complex integration processes involved in multi-power domain SOCs of PMICs is hindering the market growth.


Power Management IC Market

Market Segmentation

The PMIC market is segmented on the basis of product, application, and geography. Based on the product, the market is segmented into voltage regulators, motor control ICs, integrated ASSP power management ICs, battery management ICs, and others. The applications of the market are automotive, consumer electronics, industries, telecom & networking, and others. The market is segmented based on four regions, namely North America, Europe, Asia-Pacific, and Rest of World (RoW). The consumer electronics segment offers lucrative scope to industry players and is expected to exhibit higher growth as compared to the other segments during the forecast period. Asia Pacific accounted for the highest revenue share in the global market in 2016, owing to the increase in demand for semiconductor & automated devices.

The key players active in this market are Texas Instruments Inc., STMicroelectronics N.V., Renesas Electronics Corp, ON Semiconductor Corp., Mitsubishi Electric, Linear Technology, Maxim Integrated, Dialog Semiconductor PLC, Semtech Corporation, and Rohm Co Ltd.

Power Management IC Market Segmentation

By Product
   • Voltage regulators
   • Motor control ICs
   • Integrated ASSP Power Management ICs
   • Battery Management ICs
   • Others

By Application
   • Automotive
   • Consumer Electronics
   • Industrial
   • Telecom & Networking
   • Others

By Geography
   • North America
           o U.S.
           o Mexico
           o Canada
   • Europe
           o UK
           o Germany
           o France
           o Rest of the Europe
   • Asia-Pacific
           o China
           o Japan
           o India
           o South Korea
           o Rest of Asia-Pacific
   • RoW
           o Latin America
           o Middle East
           o Africa

Power Management IC Market Key Players

   • Texas Instruments Inc.
   • STMicroelectronics N.V.
   • Renesas Electronics Corp
   • ON Semiconductor Corp.
   • Mitsubishi Electric
   • Linear Technology
   • Maxim Integrated
   • Dialog Semiconductor PLC
   • Semtech Corporation
   • Rohm Co Ltd.

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    What Information does this report contain?

    • What was the market size of the Global Power Management IC (PMIC) Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Global Power Management IC (PMIC) Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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