Power Management Integrated Circuit (PMIC) Market Trends, and Forecast, 2021-2031

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Power Management Integrated Circuit (PMIC) Market Is Expected To Grow Tremendously By 2026 By Transparency Market Research Published January 13, 2022

Providers of power management integrated circuit (PMIC) solutions have been tapping into the wide cross-section of demands for ICs in space-constrained applications. Revenue streams in the power management ICs market stem from the need for high-power density and a con몭gurable power management design in computationally intensive platforms, notes Transparency Market Research. Key players have been seeing new opportunities from the constant 몭ux of wearable, sensors, and internet of things devices in several industry verticals. They are quick to unveil solutions that increase programmability, maximize performance per watt, and reduce power dissipation. Some of the companies who have been at the forefront of the revenues in the PMIC market are Maxim Integrated Products, Texas Instruments, Inc., ON Semiconductor Corporation, Mitsubishi Electric Corporation, STMicroelectronics N.V., and Analog. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=B&rep_id=749 The global PMIC market is projected to climb to US$ 56.48 bn by the end 2026, clocking a CAGR of 4.6% from 2018 to 2026. Rapid Uptake of Portable Consumer Electronics Fuel Application

Automotive manufacturers and industrial sectors adopting voltage converters and regulators are key factors propelling the expansion of the global PMIC market. World over, there has been substantial uptake of PMICs extending battery life and reducing power dissipation in several of the compact devices hitting the consumer markets. Over the years, various emerging consumer markets have seen a surge of such devices. A large drive for the business proposition for PMICs stems from the proliferating sales of such consumer electronics, most notably smartphones. Semiconductor devices with con몭guration and programmable features are gathering traction among electronics manufacturers in various parts of the world. A case in point is the growth in popularity of 몭eld-programmable gate array and systems-on-chip semiconductor ICs. Deluge of Mobile Connected Devices Re몭ects on Promising Avenues of Emerging Markets Several of aforementioend growth factors are the salient characteristics of emerging markets, notably Asia Paci몭c. In fact, the report projects the Asia Paci몭c PMIC market to expand at CAGR of 5.5% from 2018 to 2026. Proliferating demands for Li-ion battery-based applications in portable devices among the regional consumers have catalyzed the rise in opportunities in the regional market. Further, the growth has been fueled by the rapid applications of PMICs in automotive. Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php? rep_id=749&ltype=S The deluge of mobile connected devices has kept the prospect of Asia Paci몭c substantially lucrative in the global PMIC market over the past few years. Further, the rapidly growing demands for PMIC in networking devices in the key economies of the region has also driven new prospects in the market. Growing demand for energy-e몭cient products have propelled the popularity of lowpower PMICs. The uptake has been motivated increasingly by government regulations to optimize the energy consumption and heat dissipation from consumer electronics. Advances made in wearable have also stimulated high level of integration of chips, thus unlocking new potential in the global PMIC market. Semiconductor companies striving for solutions that reduce the standby power

consumption of an appliance has expanded the scope of innovations in the market. The study presented here is based on a report by Transparency Market Research (TMR) titled “Power Management Integrated Circuit (PMIC) Market (Product – Voltage Regulators, Motor Control IC, Integrated ASSP Power Management IC, Battery Management IC, Microprocessor Supervisory IC; End use – Automotive, Consumer Electronics, Industry, Telecom and Networking) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.” TMR Latest News Publication: https://www.prnewswire.com/newsreleases/몭ourishing-electronics-industry-to-serve-as-growth-booster-forsemiconductor-wafer-cleaning-equipment-market-between-2019-and-2027-tmr301235590.html About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail 몭exible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the uni몭ed market intelligence engine. Sign Up for a 7 day free trial! Contact Rohit Bhisey Transparency Market Research USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Blog: https://tmrblog.com/

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