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Power Management IC Market Detailed Analysis of Key Industry Players

power management ic market


The Power Management IC (PMIC) Market is expected to be valued at USD 34.86 Billion by 2022, at a CAGR of 8.08% between 2016 and 2022. Increasing demand for battery powered devices such as smartphones, wearable devices, tablets, digital cameras, navigation systems and others is acting as driver for the growth of the PMIC market. Moreover, technological advancement and growing trend of energy harvesting technologies are also driving the growth of this market.
This report segments the PMIC market on the basis of mounting scheme, crystal cut, general circuitry, application, and geography. The market, on the basis of product, has been segmented into linear regulators, switching regulators, voltage references, and power management ASIC/ASSP/others. The PMIC market for power management ASIC/ASSP/others which includes battery charging & management ICs, energy management ICs, LED driver ICs, power-over-Ethernet (PoE) controllers, power factor correction (PFC) controllers, hot swap controllers, and wireless charging ICs, accounted for the largest share in 2015. ASIC/ASSP/others market is also expected to witness highest growth rate during the forecast period.

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The PMIC ecosystem comprises several key market players such as Texas Instruments Inc. (U.S.), ON Semiconductor Corp. (U.S.), Analog Devices, Inc. (U.S.), Dialog Semiconductor PLC (U.K.), Maxim Integrated Products, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), and Linear Technology Corp. (U.S.) among others. These companies are either the manufacturer or the system integrators of PMICs and provide solutions to end-users, catering their unique requirements. The end users are from a wide range of applications, including consumer electronics, wearable electronics, healthcare, building control, automotive, and industrial & retail.
The PMIC market for the wearable electronics application sector is expected to exhibit the highest growth rate during the forecast period, due to the increasing demand for power management in the smartphones and fitness & activity trackers. Apart this, the automotive is also expected to witness considerable growth rate during the forecast period, as PMICs are being used widely in infotainment, ADAS, telematics, and automotive passive safety applications.
The market, on the basis of geography, has been segmented into four major geographic regions— North America, Europe, APAC, and RoW. APAC accounted for the largest share of 36.1% of the power management IC market in 2015, followed by North America and Europe. The market in APAC is expected to grow at a CAGR of 9.98% during the forecast period. This growth can be attributed to the increasing demand for power management IC components from the consumer electronics and automotive sectors in this region.
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