BCD Power IC: Key market research findings
- Increased automation in automobiles
- Energy-efficient devices gaining importance on global scale
Technavio has released a new market research report on the global BCD power IC market, which is expected to grow at a CAGR of 7% by 2020. Rapid adoption of smartphones and tablets has boosted the demand for power management ICs on a global scale. The integration of BCD ICs in smartphones is crucial for extended battery life, displays, application processors, and baseband processors. APAC dominates the global BCD power IC market, accounting for 71% of the total market share. High concentration of original equipment manufacturers (OEMs) and original device manufacturers (ODMs) is the major reason for this region’s growth.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Increased automation in the automobiles has increased the application of power ICs. Next-generation automobiles are expected to include speech recognition, video and image compatibilities, and power IC-integrated LED front lighting to provide an optimal driving experience. BCD power ICs will be used for efficient power management for optimized performance of automobiles, through optimized combustion of fuel,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The deployment of power management semiconductor ICs in electronic devices minimizes power consumption, augments reliability and robustness, and makes the devices energy-efficient. The efficient power conversion process reduces carbon dioxide emissions and energy costs, further accelerating the demand for power management semiconductor ICs.
The leading vendors in the global BCD power IC market are Maxim Integrated, STMicroelectronics, Texas Instruments, TSMC, and Global Foundries. There is intense competition in the global BCD power IC market due to the strong positions of the existing vendors. Factors such as technological advances in the semiconductor market and strategic alliances among vendors will intensify the competition during the forecast period.
A more detailed analysis is available in the Technavio report, Global BCD Power IC Market 2016-2020
We can customize reports by other regions and specific segments upon request.
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