Power Management Integrated Circuit (PMIC) Market - Snapshot
Power Management Integrated Circuit (PMIC) is an integrated circuit that helps manage power requirements of the host system. This IC type manages the flow of power from various power sources such as USB, batteries, and wall adapters, while maintaining the current limit. They are getting cheaper and smaller due to advancements in technology. Additionally, devices equipped with power management ICs tend to be smarter and more efficient, as they regulate the flow of power from in and out of the device. Therefore, demand for such devices is increasing rapidly. They find application in consumer electronics, automotive, industries, and telecommunication and networking. Inclusion of these in various devices has helped utilize power efficiently and extended the life of these devices. Power management ICs are expected to witness increased demand in the market in the near future due to the advanced features and developed technology. The global PMICmarket is projected to expand at a CAGR of 4.6% during the forecast period and reach US$ 56.48Bn by 2026.
Power management ICs (PMICs) are developed for polymer/Li-ion battery-based applications and are used in portable devices such as smartphones, notebooks, tablets, media players, navigation devices, and handheld medical and industrial devices. Users can integrate these devices with the help of PMICs, into a car stereo directly with the help of plug-in cradle or USB cable. These further ease system development by integrating functions to applications such as touch screen support, power audio interfaces, backlighting, and coin cell backup supply switching & charging, and LED drivers. Therefore, portable consumer electronic products are estimated to witness consistent increase in demand in the near future. The PMIC market is likely to expand due to the increase in demand for such devices. The impact of this driver is projected to remain high during the forecast period. According to CISCO VNI, 11.6 billion mobile connected devices are expected by 2021. Furthermore, by 2021, the total number of smartphones are anticipated to be over 50% of global devices.
Another key driver contributing to the increased usage of PMICs is the rising demand for energy efficient products. There are several government policies to save and reduce energy consumption, energy emissions, or energy costs at an international level. Hence, several PMICs are incorporated in devices that monitor consumption of power and energy. Portable products which operate on batteries include these ICs for efficient usage of power. Therefore, the PMIC market is likely to expand due to the rising demand for energy efficient products. The impact of this driver is estimated to remain high during the forecast period. According to the International Energy Agency, in 2016, global investment in energy efficiency was approximately US$ 231 Bn, 9% higher than the previous year.
Amongst product types, voltage regulators are expected to consistently maintain their dominance throughout the forecast period. Voltage regulators are largely used in the electronic circuitry of a device. They are designed or used to automatically maintain voltage at a constant level and therefore are important for smooth functioning of digital electronic devices. Demand for voltage regulators is further increasing, as these ICs increase the battery life of handheld devices such as smartphones, tablets, and laptops. Therefore, they are increasingly finding applications in automotive, consumer electronics, industries, and telecom & networking, etc.
Attracted by this expanding market and underlying latent demand, several players are offering a low pricing strategy for PMIC .Companies are also focusing on expanding their business through strategic mergers and acquisitions. For example, in 2016, ON Semiconductor Corporation acquired Fairchild Semiconductor International, Inc. Also, in 2015, Infineon Technologies AG acquired International Rectifier Corporation. Some of the prominent players identified in the PMIC market includes Analog Devices, Inc., STMicroelectronics N.V., Mitsubishi Electric Corp, Renesas Electronics Corporation, Texas Instruments, Inc., Linear Technology Corporation, Maxim Integrated Products, Inc., ON Semiconductor Corporation, Rohm Co., Ltd., Toshiba Corporation, and Semtech Corporation.
Power Management Integrated Circuit (PMIC) Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the power management integrated circuit (PMIC) market at the global and regional level. The report provides analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report emphasizes on all the major trends and services playing a key role in the PMIC market growth during 2018 - 2026. It also focuses on restraining factors, market drivers, and opportunities of the PMIC market during the said period. The study provides a complete perspective about the PMIC market’s growth throughout the research study in terms of value (in US$ Bn)across various geographies, including Asia Pacific, South America, North America, Middle East & Africa (MEA), and Europe.
The report includes a detailed value chain analysis, which is focused on offering an extensive view of the global PMIC market.Porter’s Five Forces analysis is also provided to understand the competitive scenario in the global PMIC market. The study incorporates market attractiveness analysis, wherein the market segments for product type and end use are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity.In order to give a complete analysis of the overall competitive scenario in the PMIC market, every geographic region mentioned in the report is provided with an attractiveness analysis.
A market overview chapter in the PMIC market report explains the market trends and dynamics that includes the market restraining factors, drivers, and opportunities of the current and future PMIC market. A market outlook analysis has also been provided globally in the report. Additionally, the report also provides analysis of different business strategies being adopted by the market leaders of the PMIC market. Market introduction chapter assists in gaining an idea of different trends and services related to PMIC along with their materials and end uses.
Global PMIC Market: Scope of the Report
The study provides a decisive view of the global PMIC market, by segmenting the market on the basis of product type into voltage regulators, motor control IC, integrated ASSP power management IC, battery management IC, microprocessor supervisory IC and others. By end use, the market has been classified into automotive, consumer electronics, industry, telecom & networking and others. The report provides a detailed breakdown of the PMIC market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.
The report further highlights the competitive scenario within the PMIC market, thus ranking all the major players according to their key recent developments and their geographic presence. The insights for the PMIC market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
On the basis of country, the North America market is bifurcated into Canada, the U.S., and Rest of North America. Furthermore, the Europe market is analyzed acrossthe U.K., France, Germany, Russia, and Rest of Europe. The APAC PMIC marketis also segmented at a country level which includes China, Japan, India, and Rest of Asia Pacific. Middle East &Africa covers the UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa. Similarly, the South America region includes Brazil, Argentina, and Rest of South America. This report provides all the strategic information required to understand the PMIC market along with its material and end use. Also, the report provides insights related to the components and different end use according to the various geographical regions mentioned above.
Global PMIC Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources include annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, etc.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the PMIC market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected & analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global PMIC Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global PMIC market. Market players have been profiled in terms of attributes such as company overview, financial overview, SWOT analysis, business strategies, and recent developments. Key players in the PMIC market are Analog Devices, Inc., STMicroelectronics N.V., Mitsubishi Electric Corp, Renesas Electronics Corporation, Texas Instruments, Inc., Linear Technology Corporation, Maxim Integrated Products, Inc., ON Semiconductor Corporation, Rohm Co., Ltd., Toshiba Corporation, and Semtech Corporation. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.
The PMIC market has been segmented as follows:
PMIC Market, by Product Type
- 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.)
PMIC Market, by End-use
- Consumer Electronics
- Telecom and Networking
- Others (Military, Medical Electronics etc.)
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East &Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America