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Power Management IC Market Size, Share Appraised to be Valued USD 55,042.7 million by 2028

The global power management IC market is expected to grow from US$ 37,772.0 million in 2021 to US$ 55,042.7 million by 2028; it is estimated to grow at a CAGR of 5.5% during 2021–2028.


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Lisa Seghers

2 years ago | 2 min read

According to the new market research report "Power
Management IC Market
Forecast to 2028 - COVID-19 Impact and Global Analysis
By Product Type (Voltage Regulators, Motor Control, Battery Management,
Multi-Channel ICs, and Others) and End Use (Consumer Electronics, Automotive,
Healthcare, IT & Telecom, Industrial, and Others)", published by The
Insight Partners, the global power management IC market is expected to grow
from US$ 37,772.0 million in 2021 to US$ 55,042.7 million by 2028; it is
estimated to grow at a CAGR of 5.5% during 2021–2028.

The global power management IC market is segmented into five
major regions—North America, Europe, Asia Pacific, Middle East and Africa, and
South and Central America. In 2020, Asia Pacific led the market with a
substantial revenue share, followed by North America and Europe. The demand for
consumer electronics and home appliances is growing substantially. In mobile
phones, a power management integrated circuit (PMIC) handles most power-supply
needs and other blocks, such as audio or interface. Smartphone shipments across
the world are estimated to be around 1.48 billion units by 2023. Therefore, the
growing demand for mobile phones enhances the requirement for cellular phone
power management ICs. Texas Instruments Incorporated and Analog Devices, Inc.
offer high-quality PMICs for various mobile phones.

Get a Sample Copy of
the Report@
https://www.theinsightpartners.com/sample/TIPRE00016997/ 

Due to the COVID-19 pandemic, many companies allowed their
employees to work from home. Also, educational, fitness, and dance classes were
conducted via online platforms. All such developments increased the need for
laptops and personal computers globally. The unit shipments of the PC vendor
Lenovo were above 19 million units across the globe in the third quarter of
2021. The rising number of shipments drives the requirement for monolithic
PMICs used in laptops. Increasing utility of power management ICs in
application/multimedia processors and sub-systems is another market driving
factor.

The continuous growth in COVID-19 patients compelled
government authorities to impose stringent lockdowns across the US and other
regions for the first three quarters of 2020. The manufacturing sector
witnessed severe losses due to temporary factory shutdowns and low production
volumes, which hindered the growth of the automotive, electronics &
semiconductors, and retail sectors. Moreover, the social or physical distancing
measures limited the operations of logistics and other service providers.

NXP Semiconductors;
Analog Devices, Inc.; Infineon Technologies AG; Rohm Co., Ltd.; Microchip
Technology Inc.; Vishay Intertechnology, Inc.; Renesas Electronics Corporation;
STMicroelectronics; Texas Instruments Incorporated; and Qorvo, Inc. are among
the major companies operating in the power management IC market.

Read Detailed Index
of full Research Study at @
https://www.theinsightpartners.com/reports/power-management-ic-market

 About Us:

The Insight Partners is a one stop industry research
provider of actionable intelligence. We help our clients in getting solutions
to their research requirements through our syndicated and consulting research
services. We specialize in industries such as Semiconductor and Electronics,
Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare
IT, Manufacturing and Construction, Medical Device, Technology, Media and
Telecommunications, Chemicals and Materials.

Contact Person: Sameer Joshi

Phone: +1-646-491-9876

Email Id: sales@theinsightpartners.com





 



 







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