The demand for Power Management Integrated Circuits (PMIC) is growing continuously due to the increasing demand for consumer electronic devices, such as smartphones, tablets and smart TVs, in most of the established and growing economies. A radical rise in the consumption and cost of energy in the world has forced consumers to save energy and devise methods to minimise the environmental impacts caused by carbon emissions. Power management integrated circuit (PMIC) market surpassed value worth US$ 20.9 billion in 2018, as per a new FMI study. The market is projected to grow at 6.4% y-o-y in 2019 and key factors responsible for the projected growth of the market include,
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The FMI study finds that demand for power management integrated circuit (PMIC) in communication equipment application is projected to grow at a higher rate. In 2019, PMIC application in communication equipment is expected to grow at 8.5% y-o-y. The projected growth can be attributed to buoyancy in the telecommunication industry owing to increasing demand for connectivity and adoption of communication equipment starting from analogue switches to smartphones to communication satellites.
Personal Electronics Application Registers Leading Revenues
The FMI study finds that demand for power management integrated circuit (PMIC) remains higher in personal electronics devices. In 2018, sales of power management integrated circuit garnered revenues worth over US$ 5.7 billion in 2018 and held 27% of the global PMIC market share. The demand trend in personal electronics application is expected to continue in 2019 at the rate of 6.6% y-o-y.
A plethora of personal electronics devices and their rising adoption rate in the wake of increasing millennial population, expansion of middle class and increased purchase capacity are factors responsible for the increasing demand for power management integrated circuit (PMIC) in personal electronics application. In addition, manufacturers in the consumer electronics industry highly utilize PMIC to optimize energy consumption in compact devices.
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PMIC Marketplace Moderately Consolidated
Leading players in the power management integrated circuit (PMIC) marketplace share considerable revenues. Texas Instruments, STMicroelectronics, NXP Semiconductors N.V., ON Semiconductor Corporation and Analog Devices, Inc. are prominent market players, of which ON Semiconductor is the front runner.
Small and mid-sized players are leveraging strategies such as introduction of low-priced products to establish a stronghold in the domestic market. Increasing revenues of these players are eating into the shares of prominent PMIC market players.
Market Participants
According to FMI analysis, business partnerships with other Power Management Integrated Circuit (PMIC) manufacturers and long-term business contracts are projected to help the vendors of Power Management Integrated Circuits (PMICs) increase revenue from the market. In addition, new innovation strategies and research & development strategies will enable them to benefit from the new growth opportunities available in the Power Management Integrated Circuit (PMIC) market.
Some of the major market participants profiled in the global Power Management Integrated Circuit (PMIC) market report are: ON Semiconductor Corporation, Texas Instruments, NXP Semiconductors N.V., STMicroelectronics, ROHM Semiconductor, Analog Devices, Inc., Renesas Electronics Corporation, Maxim Integrated, Infineon Technologies AG, Cypress Semiconductor Corporation, Skyworks Solutions, Inc., Microchip Technology Inc., Semtech Corporation and Samsung.
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Key Segments
By Application
- Automotive
- Communication Equipment
- Enterprise Systems
- Industrial
- Personal Electronics
Table Of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Market Overview
3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
4. Global Market Analysis 2013-2017 and Forecast 2018-2028
5. North America Power Management Integrated Circuit Market Analysis 2013-2017 and Forecast 2018-2028
6. Western Europe Power Management Integrated Circuit Market Analysis 2013-2017 and Forecast 2018-2028
7. Eastern Europe Power Management Integrated Circuit Market Analysis 2013-2017 and Forecast 2018-2028
8. Latin America Power Management Integrated Circuit Market Analysis 2013-2017 and Forecast 2018-2028
9. Asia Pacific Excluding Japan (APEJ) Power Management Integrated Circuit Market Analysis 2013-2017 and Forecast 2018-2028
10. Japan Power Management Integrated Circuit Market Analysis 2013-2017 and Forecast 2018-2028
11. Middle East and Africa Power Management Integrated Circuit Market Analysis 2013-2017 and Forecast 2018-2028
12. Forecast Factors: Relevance and Impact
13. Forecast Assumptions
14. Competition Landscape
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