Power Management Integrated Circuit (PMIC) Market – Growth Underpinned by Explosive Consumer Electronics Sales

Mitsubishi Electric, Texas Instruments, Inc., STMicroelectronics, Linear Technology Corporation, Renesas Electronics Corporation, Dialog Semiconductor PLC, Maxim Integrated, ON Semiconductor, Rohm Co., Ltd., Semtech Corporation, and Samsung Semiconductor, Inc. are to name a few companies operating in the global power management integrated circuit (PMIC) market.

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The main types of products purveyed in the global power management integrated circuit (PMIC) market are voltage regulators, motor control IC, Integrated ASSP Power Management IC, Battery Management IC, Microprocessor Supervisory IC, etc. Savvy manufacturers are focusing mostly on the production of voltage regulators as their demand is maximum on account of the fast-expanding consumer electronics, automotive, and telecom and networking industries.

Based on applications, the global power management integrated circuit (PMIC) market can be segmented into automotive, industry, consumer electronics, and telecom and networking, among others including medical electronics and military applications. Of them, the segment of consumer electronics leads the market on account of the massive sales of laptops, smartphones, PCs, tablets, and other consumer electric devices. In the years ahead too, the segment is predicted to retain its leading position. In terms of growth rate, however, the segment of telecom and networking is slated to outpace all others by clocking a 6.1% CAGR between 2015 and 2025.

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Geography-wise, the key segments of the global power management integrated circuit (PMIC) market are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific, among them, accounts for a leading share in the market vis-à-vis revenue. This is mainly on account of the concentration of a large number of consumer electronics manufacturing and automobile companies in this region. In the foreseeable future too, the market in Asia Pacific is expected to make gigantic strides, powered primarily by China – the hotbed for technological developments. The region grossed a revenue of US$14.81 bn in 2016.

The rising demand of battery operated devices in consumer electronics, automobiles, and telecom and networking, among others, have been at the forefront of fuelling growth in the global power management integrated circuit market (PMIC). Apart from that, the rising concerns pertaining to loss of power and energy during distribution has also led to the growth in the market. “Power Management Integrated Circuit (PMIC) is an integrated circuit that helps manage power requirements of the host system.