Power management ICs are key components that help in regulating voltage levels, battery charging and protection from overvoltage or overcurrent. They find applications in automotive, consumer electronics, industrial and telecommunication equipment requiring efficient power control and management.
The global Power Management Ics Market is estimated to be valued at Us$ 41666.64 Mn in 2023 and is expected to exhibit a CAGR Of 5.7% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the power management ICs market is the growing demand for automotive battery management systems. With increasing electrification of vehicles, advanced battery management ICs are witnessing high demand for performing critical tasks such as cell balancing, voltage regulation and battery monitoring. They ensure optimal performance of the Li-ion batteries used in electric vehicles and hybrid vehicles by protecting the batteries from over-charging and over-discharging. This enhances the battery life as well as provides safe operation of electric vehicles.
Segment Analysis
The global power management ICs market is segmented by product, application, and geography. Based on product, the market is divided into voltage regulators, motor control ICs, integrated ASSP power management ICs, battery management ICs, and others. Among these, the voltage regulators segment dominated the market in 2022 and is expected to maintain its dominance over the forecast period. Voltage regulators have wide applications in various electronic devices and they help in maintaining a stable voltage level by automatically raising or lowering voltage levels.
Key Takeaways
The Global Power Management Ics Market Demand is expected to witness high growth, exhibiting a CAGR of 5.7% over the forecast period, due to increasing demand for consumer electronics and the growing adoption of IoT devices.
Regional analysis
Asia Pacific dominated the power management ICs market in 2022 and is expected to continue its dominance over the forecast period. The growing consumer electronics industry, rising disposable income, and rapid industrialization are some of the key factors driving the demand for power management ICs in Asia Pacific.
Key players
Key players operating in the power management ICs market are Analog Devices Inc., Dialog Semiconductor PLC, Infineon Technologies AG, Maxim Integrated Products Inc., Mitsubishi Group, NXP Semiconductors, ON Semiconductor Corp., Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments Inc., and Rohm Co Ltd. These players are focusing on new product launches and expansion strategies to gain a competitive advantage in the market. For instance, in 2022, STMicroelectronics launched a new family of buck regulators with 75V power MOSFETs for automotive applications.
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The report will assist reader with better understanding and decision making.The Smartphone Power Management Ics market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Smartphone Power Management Ics industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Smartphone Power Management Ics and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/26016-smartphone-power-management-ics-market-analysis-reportThe major players covered in Smartphone Power Management Ics are:QualcommMediaTek Inc.STMicroelectronicsDialogFujitsuTION SemiMaximBy Type, Smartphone Power Management Ics market has been segmented intoVoltage RegulatorsIntegrated ASSP Power Management ICsBattery Management ICsOthersBy Application, Smartphone Power Management Ics has been segmented into: Android System SmartphoneIOS System SmartphoneOthersThe report offers in-depth assessment of the growth and other aspects of the Smartphone Power Management Ics market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
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