The application of power management integrated circuits in various end-use industries is boosting the growth of this market
In the present times, there is an increasing demand for IoT and power optimization solutions, due to which smart grids, energy storage systems and electric cars are becoming popular all over the world. This situation creates a huge opportunity for power management integrated circuit manufacturers. With the help of power management integrated circuits, the usage of power sources across various industrial applications can be optimized. Hence, it is estimated that there is an increasing demand for power management integrated circuits in storage systems and electric car market in order to extract high performance and enable sophisticated power management to improve the efficiency and extend battery life of devices. In addition, due to the phenomenon of globalization and rapidly rising industrialization, there is a rise in factory and commercial automation. Hence, there is a requirement of high efficiency in energy conversion and will increase the demand for high power density in the near future. This creates a lucrative opportunity for power management integrated circuit manufacturers to provide reliable power management integrated circuits for factory and commercial automation that can operate at high temperatures.
High adoption of power management integrated circuits in various industries in the APEJ region bodes well for the global market
Power management integrated circuits are increasingly used in various industry verticals such as electronics, factory automation and control, grid infrastructure, medical, healthcare and fitness, space, avionics and defence. Various kinds of industries use low power, highly integrated microprocessor platforms that require both multiple voltage rails and battery management. Power management integrated circuits (PMICs) provide highly integrated, high-performance solutions for wide ranging automotive, consumer and industrial applications. In addition, in order to implement technology in manufacturing and production, industries in the APEJ region are moving towards automation. Increasing levels of automation and demand from various industry verticals is projected to positively affect the growth of the power management integrated circuit market across the APEJ region.
Global Power Management Integrated Circuit Market Analysis (2012-2016) and Opportunity Assessment (2017-2027), By Application
As per the projections given by Future Market Insights, the automotive segment in the application category was estimated to be valued at nearly US$ 4,350 Mn in 2017 and is likely to touch a valuation of nearly US$ 8,150 Mn in 2027, accounting for a CAGR of 6.5% during the period of assessment 2017-2027. The communication equipment segment in the application category was estimated to be valued at nearly US$ 3,550 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 9,000 Mn in 2027, exhibiting a CAGR of 9.8% during the period of forecast. The enterprise systems segment in the application category was estimated to be valued at nearly US$ 2,650 Mn in 2017 and is likely to reach a valuation of nearly US$ 4,500 Mn in 2027, displaying a CAGR of 5.5% during the period of assessment.
This report tracks the global power management integrated circuit market and presents the value forecast for this market for a period of 10 years. Power management integrated circuits have enormous applications in several end use industries such as automotive, industrial, communication equipment, enterprise system and personal electronics. In the automotive sector, highly integrated and robust power management integrated circuits are used to manage extreme battery voltage fluctuations, support system security functions, extend the battery life of the vehicles, and integrate mobile technologies with vehicles.
A clear and seamless report structure for better ease of understanding
In order to have an ease of understanding and for the better organization of the report, the report on global power management integrated circuit market has been divided into four distinct parts. The first part of the report contains the introduction section that has the executive summary of the report along with the market taxonomy and the definition of the power management integrated circuits. This valuable section of the report also contains information on the value chain analysis of the global power management integrated circuit market. The macroeconomic factors that are operating in the global power management integrated circuit market along with the market snapshot are also discussed in detail in the report. Key regulations that are applicable in the global power management integrated circuit market are also discussed in this section of the report.
The second part of the report contains the regional power management integrated circuit market analysis and the regions are chosen as per the market taxonomy. In this section of the report, besides the regional market numbers, there is detailed information given on the regional drivers, restraints and trends that are influencing the power management integrated circuit market. The last part of the report contains the global power management integrated circuit market analysis and forecast by application and by region. This section of the report contains important market numbers in the form of market attractiveness index, incremental dollar opportunity and basis point share analysis.
A treasure-trove of competitive intelligence
Another part of the report features the competition landscape of the global power management integrated circuit market and has information on the key players operating in this market. The competition landscape contains detailed information on the important companies operating in the global power management integrated circuit market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with the SWOT analysis of the companies. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global power management integrated circuit market in detail and also reveals how they implement their strategies and vision to stay at top in this highly competitive market.
Our highly acclaimed research methodology to ensure maximum accuracy
Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the global power management integrated circuit market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global power management integrated circuit market.