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Power Management IC market to Develop at 6.1% CAGR between 2013 and 2019

Posted on Jun 21, 2015

A recent report on the global power management IC market, released by Transparency Market research (TMR), estimates the market to develop at a CAGR of 6.1% during the period from 2013 to 2019 and attain a value of US$46 billion by 2019.The report, titled “Power Management IC Market - Global Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2013 - 2019”, also states that in 2012, the market stood at US$29.90 billion.

Browse the full Power Management IC Market - Global Industry Analysis, Market Size, Share, Growth, Trends And Forecast 2013 - 2019 report at http://www.transparencymarketresearch.com/power-management-ics-market.html

According to the report, the global market for power management IC has been classified into the markets for integrated ASSP power management IC, motor control IC, battery management IC, voltage regulators, and others such as switching controllers, gate drivers, and power factor correction. Among these, the market for integrated ASSP ICs holds the biggest share in the global market for power management ICs.Based on the application, the report categorizes the global power management IC market into the markets for telecom and networking, automotive, industrial, consumer electronics, and others such as military, electronics, and the healthcare industry. In 2012, the automobile industry led the global power management IC market and was followed by the market for consumer electronics. The market for automobiles is expected to maintain its dominance during the forecast period.

                                  

The demand for power management IC in the automotive industry from the developing economies in Asia Pacific and Rest of the World is the main factor behind this growth, while the rise in the demand for smart devices such as laptops, tablets, and smartphones is fuelling the demand for power management ICs in the consumer electronics market, notes the market study.The report also analyzes the regional power management IC markets spread across North America, Europe, Asia Pacific, and Rest of the World. In 2012, the market in Asia Pacific occupied the leading position in the global market for power management ICs. The rise in the usage of the power management ICs in consumer electronics is the key factor that has triggered the growth of this market.The power management IC market in North America ranked second among all the regional markets in 2012. The growth of this market in North America is attributed to the rise in demand for automobiles in the region. The ample presence of market participants in the region has also stimulated the market development in this region.

The global market for power management ICs is a concentrated market controlled by a few key players. The market report also evaluates the company profiles of major enterprises operating in the global power management IC market. International Rectiier, Renesas Electronics, Texas Instruments, STMicroelectronics, ON Semiconductor, Mitsubishi Electric, Dialog Semiconductor PLC, Rohm Co Ltd., Linear Technology, Maxim Integrated, Semtech Corp., Fairchild Semiconductor, and Toshiba are some of the major participants of this market profiled in this report.

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