PMIC (Global Power Management IC market) comprises of an expansive scope of chips and can be incorporated in battery-worked gadgets, for example, cell phones, and compact media players. The rising miniaturing pattern in the gadgets business is massively affecting the PMIC advertise. PMIC not just deal with the stream and bearing of electrical power yet, in addition, helps in beating space requirements. The purchaser hardware segment is a noteworthy end-client of PMIC. The requirement for power effectiveness, high thickness and plan adaptability of intensity modules are a portion of the variables supporting the market development. Simultaneously, the development of silicon-carbide (SiC) and gallium nitride (GaN) is probably going to open new development roads for market players going ahead. Then again, improvement issues in multi-control space SoCs can constrain the reception rate. The global market is projected to reach the value of USD 38,388.9 Mn by the year 2023, by growing at a CAGR of 8.8% during the forecast period (2018-2023).
The Global Power Management IC market is segmented on the basis of its application, product, and regional demand. On the basis of its application, the market is segmented into Automotive, Consumer and Wearable Electronics, Telecom and Networking and Industries. Based on its product, the market is bifurcated into Voltage Regulators and Integrated ASSP power management IC (Energy Management ICs, Battery Management IC, LED Drivers ICs, PoE Controllers, Hot Swap Controllers, PFC Controllers Hot Swap Controllers, Wireless Charging ICs) Motor Control IC.
Geographically, the Global Power Management IC market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Toshiba Corporation, Renesas Electronics Corporation, Analog Devices, STMicroelectronics, among others are some of the major players in the Global Power Management IC market.