Power Management IC (PMIC) Market:
Executive Summary
A power management integrated circuit (PMIC) is a unit designed for power management. When it comes to these types of power management IC, it refers to a variety of chips available in the market. Several products come with DC to DC converters. It is common to find power management IC in devices that use battery for its operation, such as portable media players and mobile phones. Majority of the power management IC uses BiCMOS process for production. However, there are also models which have serial bus communication interface. The reason why manufacturers prefer to use power management IC for DC-DC conversion is because it maintains the quality and accuracy of the signal.
The power management IC performs functions such as power sequencing, power-source election, battery charging, voltage scaling, along with other miscellaneous functions. The job of this circuit is to control the direction and flow of electricity. The reason why power management IC market exists is because of the device’s power design. As the internal voltage varies, this circuit helps in the operation of the equipment. Certain power management IC comes with power conversion efficiency of 95%. Some products also come with dynamic voltage and frequency scaling (DVFS).
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Power management IC are compact in size, due to which, they occupy less space in electronics. Manufacturers prefer using them in areas where it is difficult to reach. The reason why power management IC is popular is that it brings down the number of components required for various projects. This single chip can perform a wide variety of functions. It also has excellent heat dissipation ability, making it the component of choice in equipment which undergoes high pressure and temperature.
Global Power Management IC (PMIC) Market is valued at approximately USD 21 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9% over the forecast period 2019-2026.
Market Key Player
Texas Instruments Inc., Toshiba Corporation, Renesas Electronics corporation, Analog Devices, STMicorelectronic, Maxim Integrated, Infineon Technologies AG, NXP Semiconductors, Dialog Semiconductor, ON Semiconductor
Market segmentation
The objective of the study is to provide reliable information. When it comes to market segmentation, one category is by product. In this classification, the units are Integrated ASSP Power Management IC (PMIC)Power Management IC, Motor Control IC, and Voltage Regulators. The second market segmentation is by application, such as telecom and networking, automotive, consumer and wearable electronics.
Regional analysis
Under regional analysis, the markets chosen for the study have a high demand for power management IC, as they are the hubs for electronic equipment production. In North America, the popular countries are U.S, Canada, and Mexico. For Europe, the study covers countries such as UK and Germany. When it comes to Asia Pacific, China, India, and Japan are part of the report. Brazil is the only country from Latin America, while other regions fall into rest of the world.
Latest industry news
Power management IC has become crucial to radar-based camera systems, as it helps cut down on space. The reason is that it makes the use of external voltage-setting resistors. As these devices can operate directly from the battery of the vehicle, it eliminates the need for pre-regulator. Due to power management IC market bringing down the bill of materials and footprint, there are significant savings for the manufacturer. As a result, there is an improvement in system reliability. On top of that, it eliminates environmental effects causing fluctuations in the external components.
Continuous…
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