The global digital power management multichannel IC market is anticipated to reach $35,109 million by 2022 from $11,861 million in 2015, growing at a CAGR of 16.3% from 2016 to 2022.
Power management multichannel integrated circuits (PMICs) are used in electronic devices, which are powered by portable rechargeable batteries. They are employed in devices that run on electricity, and are used in mobile phones, portable media players, and battery-operated devices. PMICs perform multiple functions such as battery charging, voltage scaling, power sequencing, power source selection, and DC-to-DC conversion. Significant applications of power management multichannel ICs are observed in consumer electronics segment. For instance, small PMICs are targeted for wearable and fitness devices or other portable low-power consumer end equipment. The PMIC market for consumer electronics, such as mobile phones, is growing at a considerable rate owing to changes observed in charging technology.
The PMIC market is driven by rise in demand for enhanced device performance, prolonged battery life, and increase in trend of energy harvesting technologies with advancements. The inclusion of multiple power sources for devices and the complex integration process for ICs are anticipated to restrict the growth of the market. Growth in demand for low power consumption and high-performance devices is expected to provide an opportunity to the market growth.
The market is segmented based on the type of product used in battery management IC, voltage regulator, motor control IC, and integrated ASSP power management IC, and others. On the basis of application, the market is classified into consumer electronics, automotive, industry, telecom &networking, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in PMIC market include STMicroelectronics N.V. (Switzerland), Texas Instruments Inc. (U.S.), Maxim Integrated Products, Inc. (U.S.), Renesas Electronics Corp. (Japan), Analog Devices, Inc. (U.S.), Dialog Semiconductor Plc. (UK), NXP Semiconductors (Netherlands), ON Semiconductor Corporation (U.S.), Qualcomm, Inc. (U.S.), and Linear Technology Corporation (U.S.).
POTENTIAL BENEFITS FOR STAKEHOLDERS
By Product Type
Other players in the value chain, include (profiles not included in the report):
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