Global Power Management Integrated Circuit (PMIC) Market: Snapshot

Power management integrated circuit (PMIC) is an integrated circuit that aids in managing power requirements of the host system. It functions by managing the flow of power from different power sources, namely batteries, USBs, and wall adapters, while maintaining the current limit. They also help in loss of power during distribution. This way they make devices smarter and more efficient and this is one reason why they are seeing steady uptake.

Power management integrated circuit (PMIC) find application in consumer electronics such as Bluetooth headsets, smartphones, and MP3 players to portable industrial and medical equipment. On account of continuous product innovation, ICs are becoming cheaper and smaller. This is yet another reason for their steady sales.

Besides consumer electronics, the growing demand of battery operated devices in automobiles and telecom and networking are also said to be boosting growth in the global power management integrated circuit market (PMIC).

As per a report by Transparency Market Research, the global power management integrated circuit (PMIC) market will likely rise at a CAGR of 5.8% during the period between 2017 and 2025 to attain a value of US$62.71 bn by 2025.

power management integrated circuit market

Booming Smart Devices Market Makes Consumer Electronics the Main Application Segment

Depending upon applications, the global power management integrated circuit (PMIC) market can be classified into automotive, industry, consumer electronics, and telecom and networking, among others including medical electronics and military applications. At present, the consumer electronics segment accounts for a dominant share in the market because of the exploding market for laptops, smartphones, PCs, tablets, and other consumer electric devices. In the years ahead too, the segment is predicted to lead the market for the very same reasons. Efficient power management, functionality, and features of PMICs have led to their increased demand in automotive application too. In the years ahead, however, the segment of telecom and networking is predicted to surpass all others in terms of growth rate by registering a 6.1% CAGR from 2015 to 2025.

The different types of power management integrated circuit (PMIC) available in the market are voltage regulators, integrated ASSP power management IC, motor control IC, battery management IC, power factor correctors, microprocessor supervisory IC, switching controllers, and gate drivers. Voltage regulators, which help regulate one or more DC/AC voltages or maintain voltage at a constant level, account for maximum sales at present due to its application in consumer electronics, automobiles, and industries and telecommunication.

Presence of Numerous Consumer Electronics Manufacturers Makes Asia Pacific Market Leader

Based on geography, North America, South America, Europe, Asia Pacific, and the Middle East and Africa are the key regions in the global power management integrated circuit (PMIC) market. Asia Pacific, among them, contributes the most to revenue because of the presence of a copious number of consumer electronics manufacturing and automobile companies in this region. In the upcoming years too, the market in Asia Pacific is expected to progress impressively, mainly on account of China, which is a nerve center of technological innovation in Asia Pacific. The revenue in the Asia Pacific power management integrated circuit (PMIC) market was around US$14.81 bn in 2016. Besides Asia Pacific, North America is another key market which is predicted to expand at a healthy clip in the next couple of years.

Prominent participants in the global power management integrated circuit (PMIC) market are Maxim Integrated, Texas Instruments, Inc., STMicroelectronics, Mitsubishi Electric, Renesas Electronics Corporation, Samsung Semiconductor, Dialog Semiconductor PLC, Linear Technology Corporation, ON Semiconductor, Rohm Co., Ltd., and Semtech Corporation.

Global Power Management Integrated Circuit (PMIC) Market: Scope

This report on the global Power Management Integrated Circuit (PMIC) market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the global PMIC market growth during the said period. Technologies that are playing a major role in the driving the global PMIC market have also been covered in the study. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (in US$ Bn), across different geographies. 

Global Power Management Integrated Circuit (PMIC) Market: Segmentation 

The PMIC market has been segmented on the basis of product and application. Based on product, the market has been further classified into Voltage Regulators, Motor Control IC, Integrated ASSP Power Management IC, Battery Management IC, Microprocessor Supervisory IC and Others. The others segment comprises of Switching Controllers, Power Factor Correctors, and Gate Drivers. 

By Application, the market is classified into Automotive, Consumer Electronics, Industry, Telecom & Networking and Others. In application, the others segment includes Medical Electronics and Military applications. Geographically, the report classifies the global PMIC market into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region wise prominent countries covered in the report include the following - U.S, Canada, U.K., Germany, France, Russia, China, Japan, India, UAE, Saudi Arabia, South Africa, Brazil, and Argentina. 

Global Power Management Integrated Circuit (PMIC) Market: Segmentation 

The report includes drivers, restraints, opportunities and trends in the PMIC market. Porter Five Forces analysis which identifies bargaining power of supplier, bargaining power of buyer, threat from new entrant, threat from substitute and threat from competition in PMIC market is also included in the report. Ecosystem analysis which identifies key stake holders in the PMIC market is also covered in the report. 

The report also covers segment wise comparison matrix, market attractiveness analysis and market share analysis for all regions covered in the scope of study. 

Competition matrix includes segment growth matrix, 2017 - 2025 (%), segment revenue contribution, 2017 - 2025 (%), and segment compounded growth matrix (CAGR %). Market attractiveness identifies and compares segments market attractiveness on the basis of CAGR and market share index for the forecast period. 

Global Power Management Integrated Circuit (PMIC) Market: Competitive Analysis

The report also includes competition landscape which include competition matrix, market share analysis of major players in the global PMIC market based on their 2016 revenues and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players. 

Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2014 to 2016. The key players profiled in the global PMIC market include Texas Instruments, Inc., STMicroelectronics, Mitsubishi Electric, Renesas Electronics Corporation, Dialog Semiconductor PLC, Linear Technology Corporation, Maxim Integrated, ON Semiconductor, Rohm Co., Ltd.,  Samsung Semiconductor, and Semtech Corporation. 

The Global Power Management IC market is segmented as below:

By Product

  • Voltage Regulators
  • Motor Control IC
  • Integrated ASSP Power Management ICs
  • Battery Management ICs
  • Microprocessor Supervisory IC
  • Others (Switching controllers, Power Factor Correctors, Gate Drivers etc)

By Application

  • Automotive
  • Consumer Electronics
  • Industry
  • Telecom and Networking
  • Others (Military, Medical Electronics etc.)

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America