The power management IC (PMIC) market will reach $34.86 billion by 2022, at a CAGR of 8.08% from 2016 to 2022. Increasing demand for energy-efficient battery-powered devices expected to drive the power management IC (PMIC) market. This growth can be attributed to the factors such as increasing demand for energy-efficient devices, technological advancements in the PMICs, and the growing trend of energy harvesting technologies that leverage the PMIC features. The increasing applications of PMICs in various sectors such as consumer electronics, wearable electronics, automotive, healthcare, industrial & retail, and building control are also driving the growth of the PMIC market. Complete report on power management IC (PMIC) market spread across 160 pages, profiling 10 companies and supported with 71 tables and 71 figures is now available at http://www.rnrmarketresearch.com/power-management-ic-pmic-market-by-product-linear-regulator-switching-regulator-voltage-references-battery-management-ic-energy-management-ic-led-driver-ic-poe-controller-wireless-charging-ic-application-st-to-2022-market-report.html .
The power management IC (PMIC) market in APAC is expected to grow at the highest CAGR between 2016 and 2022. Factors such as the rapid adoption of PMICs in the consumer electronics, automotive, and industrial & retail sectors and increase in the usage of linear regulators, switching regulators, battery management ICs, LED driver ICs, and hot-swap controllers in this region are contributing to the growth of the power management IC (PMIC) market in APAC.
Power management ASICs/ASSPs/others to dominate the PMIC market during the forecast period. The market for power management ASICs/ASSPS/others is also expected to grow at the highest CAGR during the period due to the increasing use of these products in smartphones, tablets, laptops, and other portable devices. The increasing demand for battery charging & management ICs in portable devices and LED driver ICs in lighting applications is also driving the growth of this market.
The consumer electronics sector is expected to account for the largest share of the overall power management IC (PMIC) market during the forecast period. In addition, due to the increase in demand for PMICs for battery-powered devices used in the healthcare, wearable electronics, and healthcare sectors, the PMIC market is expected to gain traction in the next five to six years. The PMIC market for the building control and industrial & retail sectors is also expected to witness a significant growth during the forecast period.
The key players in the power management IC (PMIC) market profiled in this report are Texas Instruments Inc. (U.S.), ON Semiconductor Corp. (U.S.), Analog Devices, Inc. (U.S.), Fairchild Semiconductor Corp. (U.S.), Dialog Semiconductor PLC (U.K.), Maxim Integrated Products, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), NXP Semiconductors (Netherlands), Renesas Electronics Corporation (Japan) and Linear Technology Corporation (U.S.). Make an Inquiry on “Power Management IC (PMIC) Market by Product (Linear Regulator, Switching Regulator, Voltage References, Battery Management IC, Energy Management IC, LED Driver IC, POE Controller, Wireless Charging IC), Application, and Geography - Global Forecast to 2022”research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=542985 .
On a related note, another research titled LED Driver Market for Lighting Global Forecasts to 2022 says, the LED driver market for lighting is expected to reach USD 24.98 billion by 2022, at a CAGR of 26.3% between 2016 and 2022. Outdoor & traffic lighting expected to lead the end-user application of the LED driver for lighting during the forecast period. Asia-Pacific expected to hold the largest market share during the forecast period. Companies like Osram GmbH (Germany), Harvard Engineering (U.K.), Texas Instruments (U.S.), Maxim Integrated (U.S.), Macroblock, Inc. (Taiwan), Atmel Corporation (U.S.), General Electric (U.S.), Cree, Inc. (U.S.), and Rohm Semiconductors (Japan) have been profiled in this 153 pages research report available at http://www.rnrmarketresearch.com/led-driver-market-for-lighting-by-driving-method-constant-current-and-constant-voltage-luminaire-type-a-type-t-lamps-reflectors-integral-modules-components-driver-ic-and-discrete-end-user-application-a-ts-to-2022-market-report.html .
Explore more reports on Electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics .
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