According to the latest market research study released by Technavio, the global power management IC market is expected to grow at a CAGR of more than 7% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global power management IC market based on application:
Global power management IC market share by application 2015
|
Communication |
33.04% |
|
Computing Application |
16.36% |
|
Consumer Electronics |
15.79% |
|
Automotive |
15.17% |
|
Industrial |
13.57% |
|
Others |
6.07% |
Source: Technavio
The top three revenue contributing product segments are discussed below:
Global power management IC market in communication industry
The global power management IC market in the communication segment was valued at over $11 billion in 2015 and is expected to grow at a CAGR of almost 8% by 2020. The use of IC semiconductor is used extensively in the telecom-based application for power management in devices like smartphones, battery packs, telecom power systems, and networking. The increasing demand for smartphones will raise the deployment of advanced LTE wireless networks for improved network services, thereby fueling the growth of this market segment. The increased scalability of IC semiconductors progresses network systems for other communication devices like call-enabled tablets and PNDs. Advanced IC semiconductors enable the ability to perform high-processing functions on mobile devices.
“The utilization of improved power management ICs has increased with the advent of innovative network communication products such as fiber optics and RF connectivity solutions. These systems help in operating next-generation network signals that consume high battery power. The vendors are focusing on innovative approaches like larger displays and better touch functionality with the help of power management techniques. These technological advancements in the communication industry will propel the growth of the market,” says Sunil Kumar Singh, a lead analyst at Technavio for research on semiconductor equipment.
Global power management IC market in computing applications
The global power management IC market in the computing applications segment was valued at almost $6 billion in 2015 and is expected to grow at a CAGR of over 7% by 2020. The application of power management ICs in this segment is highest for motherboards, notebooks, ultrabooks, tablets, servers, gaming units, and graphic cards. The rising requirement for mobile devices with multiple functionalities will lead to the growth of this market segment. The advent of cloud computing and virtualization is increasing the complexities of data center management and is raising the requirement for systems integrated with high-performance power discrete semiconductor components like power ICs. Such technological advancements and increased applications for cloud computing will boost the market growth for power management ICs during the forecast period.
Global power management IC market for consumer electronics
The global power management IC market in the consumer electronics segment valued at about $5 billion in 2015 and is expected to grow at a CAGR of around 8% by 2020. The introduction of advanced electronic gadgets integrated with smart features like touch-based displays, keypads, and inbuilt memory will lead to the growth of this market segment. The increasing requirement for efficient battery management in battery-powered devices like mobile electronic devices is driving the demand for power management ICs. The advent of IoT has redefined the home appliances market, and manufacturers are using IC semiconductors to deliver products that have high performance with more functionalities, are energy efficient, and offer reduced operating costs. The usage of power management ICs, home appliances increases their connectivity with other smart appliances. Smart wearables are revolutionizing the market and power management ICs help in the designing of all new microdevices. These semiconductors enable connectivity with smartphones and boosts processing capabilities in wearable tech.
The top leading vendors operating in the global power management IC market are:
- Fairchild Semiconductor
- Freescale Semiconductor
- ROHM Semiconductor
- Texas Instruments
- Qualcomm
- STMicroelectronics
Other prominent vendors in the market include Analog Devices, Intersil, Intel, Linear Technology, Maxim Integrated, Mitsubishi Electric, ON Semiconductor, and Renesas.
A more detailed analysis is available in the Technavio report titled, ‘Global Power Management IC Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global RF IC Market 2016-2020
- Global BCD Power IC Market 2016-2020
- Semiconductor Market in Vietnam 2016-2020
- Global LED Backlight Display Driver ICs Market 2016-2020
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