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The global Power Management Integrated Circuits (PMICs) Market Size is expected to attain a market size of $56.7 billion by 2022, rising at a CAGR of 23.3% during the forecast period.
Power Management Integrated Circuits (PMICs) are electronic components which offer highly integrated, high-performance power management solutions to different end users, namely, automotive, consumer electronics, telecommunication & networking, and others. PMICs, due to features such as power management, system control, battery management, interface & audio functions, and other system specific functions has the ability to offer optimum integration solutions. The PMICs today are majorly used in voltage regulators, battery management IC, integrated ASSP power management IC, motor control IC, etc.
With the integration of PMIC?s, it is possible to design high-efficiency solutions which lead to extended battery life and also reduce power dissipation. PMIC market is growing rapidly due to factors such as technological advancements and increased demand for battery-operated devices. Complex integration processes involved in multi-power domain SOCs of PMICs would be the major factor that would restrain the market growth. For instance, multi-voltage SOCs need highly robust methodology and tool sets to implement, which will lead to complications. The complicated process involved would restrain the market growth. Based on the Product Type, the Power Management Integrated Circuit (PMIC) market is segmented into Voltage Regulator, Integrated ASSP, Battery Management ICs, Motor Control IC, and Others.
Based on the Vertical, the market is segmented into Consumer Electronics, Automotive, Telecom & Networking, Industrial, and Others. Based on region, Power Management Integrated Circuit (PMIC) market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Taiwan and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. Asia-Pacific remained the dominant region in the global Power Management Integrated Circuit (PMIC) market in 2015. North America would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders of the Power Management Integrated Circuit (PMIC) market.
Key companies profiled in the report include Texas Instruments Inc., Maxim Integrated Products Inc., Infineon Technologies AG, Cypress Semiconductor Corporation, NXP Semiconductors N.V., Omron Corporation, Renesas Electronics Corp, and STMicroelectronics N.V.