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Global Power Management IC Market: Competition to Heat up With Innovative Technologies Going Mainstream, finds TMR

Posted on Dec 19, 2016

In the global power management IC market, teeming with global and regional players, a handful of prominent companies dominate, finds a report by Transparency Market Research. Competition is cutthroat on account of the players competing with each other on the basis of pricing, quality, innovation, and performance and support services. Emergence of technologies such as the Internet of Things (IoT) and soaring popularity of wearable technology, particularly in the rapidly growing, densely populated economies of India and China, is slated to encourage new entrants into the market. This would further intensify the competitive environment, along with substantial thrust on research and development. 

Some such big names operating in the industry are Texas Instruments, STMicroelectronics, Renesas Electronics, Mitsubishi Electric, Maxim Integrated, Dialog Semiconductor PLC, ON Semiconductor, Linear Technology, Rohm Co Ltd., Fairchild Semiconductor, and Toshiba. The TMR report forecasts the global power management IC market to reach a staggering value of US$46.0 bn by 2019. 

Powered by Robust Automotive Industry Asia Pacific to Lead Market Growth 

According to the different types of products, the global market for power management IC can be classified into motor control IC, voltage regulators, integrated ASSP power management IC, battery management IC, and others, including switching controllers, gate drivers, and power factor correction. Among them, the integrated ASSP power management IC segment leads the market with maximum share. 

Application-wise, the market can be divided into automotive, consumer electronics, industrial, telecom and networking, and others such as military and medical electronics. Between the two, the automotive segment has a dominant hold over the market, which it is predicted to retain in the upcoming years as well. It is followed by the consumer electronics segment. 

Asia Pacific, Europe, North America, and the Rest of the World are the main markets geography-wise. Among the four, Asia Pacific and the Rest of the World are pegged as future engines of growth for the global market for power management IC. This is because the robust demand generated by the rapidly expanding automotive industry in the region. In fact, Asia Pacific dominated the overall market in 2012 due to the increasing application of power management ICs in the consumer electronics industry. North America, powered by the rising demand from the automotive sector and the presence of the prominent market players, followed Asia Pacific in the second position. The market in the region is also being underpinned by heavy investments in research and development by the government. 

Smart Devices and Wearable Tech Boost Growth 

“Power management ICs, solid state devices used to control the direction and flow of electrical power, offer high-performance power management. They provide high efficiency power conversion to minimize energy loss in the form of heat. Technological advancements such as innovation in terms of programmability and configurability of a system are shaping the dynamics of the global power management IC market,” explains the analyst of the report. The emergence and unprecedented proliferation of battery-operated smart devices, namely smartphones, tablets, laptops, and wearable technology has provided a shot in the arm of the global power management IC market.

Besides, tremendous sales in the consumer electronics market, especially in high-growth emerging economies has fuelled the demand for power management ICs. Increased manufacture of automobiles too has significantly upped growth in the market. “Growing demand of battery operated cars and medical equipment has propelled the market. Increasing concerns related to loss of energy during its distribution have led to the incorporation of the ICs in order to avoid wastage of power during its distribution,” adds the analyst of the report. 

This review is based on the findings of a TMR report titled “Power Management IC Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2013-2019.” 

Power Management IC Market, by Type 

  • Voltage Regulators
  • Motor Control IC
  • Integrated ASSP Power Management ICs
  • Battery Management ICs
  • Others (switching controllers, power factor correction, gate drivers, etc.) 

Power Management IC Market, by Applications 

  • Automotive
  • Consumer Electronics
  • Industrial
  • Telecom and Networking
  • Others (military, medical electronics, etc.) 

Power Management IC Market, by Regions 

  • Europe
  • North America 
  • Asia Pacific 
  • Rest of the World 

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