The global power management IC market is currently growing at a CAGR of 6.15% between the periods of 2013 to 2019. By those statistics, the market will be worth $46 billion by 2019, after being priced at $29.9 billion in 2012.
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All facts and statistics have been compiled using a research report titled “Power Management IC Market - Global Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2013 – 2019”, by Transparency Market Research.
The report states major reasons for the growth of the power management IC market as technological enhancements and a growing requirement for battery-powered devices that function for longer hours on a single charge. The report also mentions that the rise in demand for consumer electronics and automobiles is likely to be what caused the rise in the market’s CAGR.
The report utilizes a segmentation process based on type, applications, and geography to dissect the power management IC market. By product type, the research report categorizes the market under voltage regulators, battery management ICs, motor control IC, integrated ASSP Power Management ICs, gate drivers, power factor correctors, and switching controllers.
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By application, the report distinguishes between automobile, telecommunications and networking, computing, consumer electronics, military, medical electronics, and industrial purposes.
The research report pegs the automobile application market to be the largest one in the field of power management ICs. Other fields mentioned to be in bloom by the report include consumer electronics and medical electronics. It says that the major reasons for this growth are an increasing demand for PMICs in laptops, smartphones, and tablet PCs, along with growing concerns for saving more power.
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By geography, the report analyzes North America, Europe, Asia-Pacific, and Rest of the World. The report states the Asia-Pacific region to show the largest growth in production and use of power management ICs, with a market share of 45% recorded in 2012. The second-best growth is shown by North America. The report cites reasons for this growth as a booming automobile sector, along with a number of semiconductor factories being based in the U.S.
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Key players listed by the report include International Rectifier, Texas Instruments, Toshiba, STMicroelectronics, Fairchild Semiconductor, ON Semiconductor, Dialog Semiconductor Plc, Semtech Corporation, Mitsubishi Electric, Renesas Electronics, Maxim Integrated, and Rohm Co Limited. It states that the market is a highly consolidated one, with top players holding a strong majority of the sales, leaving lesser room for minor global players and regional names.
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