The global power management IC market is projected to reach $31 billion by 2028, at a CAGR of 6.6% during 2023-2028. The growth of power management IC market is driven by increasing demand for battery powered devices, such as smartphones, wearables devices, digital cameras, and navigation systems, and rising trend for IoT technology and energy-efficient devices.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the power management IC market by
product (linear regulators, switching regulators, voltage references, and power
management ASICs/ASSPs), application (consumer electronics, wearable electronics,
automotive, healthcare, industrial & retail, and building control), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the power management IC market?
Q.4 What are some
changing demands of customers in the power management IC market?
Q.5 What are the new
developments in the power management IC market? Which companies are leading
these developments?
Q.6 What strategic initiatives
are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this power management IC area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this power management IC market?
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Market Segmentation:
Based on product, the
power management IC market is segmented into linear regulators, switching
regulators, voltage references, and power management ASICs/ASSPs.. The power
management ASICs/ ASSPs segment accounted for the largest share of the market
in 2023 and is expected to register the highest CAGR during the forecast
period, due to increasing demand for consumer electronics along with growing
demand for battery charging and management ICs in portable devices.
APAC is expected to
witness the highest growth during the forecast period due to increase in
vehicle production by OEMs and growing demand for consumer electronics in
countries like China, India, and Japan.
Key Players in the power
management IC market are Texas Instruments, ON Semiconductor, Analog Devices,
Dialog Semiconductor PLC, STMicroelectronics, NXP Semiconductors Netherlands
B.V., Linear Technology Corporation, and Renesas Electronics Corporation.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/power-management-ic-market.aspx.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Roy Almaguer
Lucintel
Dallas,
Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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