DUBLIN, May 17, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Power Management IC (PMIC) Market - Global Forecast to 2022" report to their offering.
This research forecasts the power management IC market to reach USD 34.86 Billion by 2022, at a CAGR of 8.08% between 2016 and 2022.
The major factors driving the growth of this market include increasing demand for battery-powered devices such as smartphones, wearable devices, tablets, digital cameras, navigation systems, and others. Rising demand for power management ICs to enhance device performance and provide day-long lasting battery are other important factors propelling the growth of the market.
Technological advancements and growing trend of energy harvesting technologies is another major factor responsible for the growth of the Power Management IC Market. In addition, the increasing applications of PMICs in various sectors such as consumer electronics, wearable electronics, automotive, healthcare, industrial & retail, and building control are fuelling the growth of the PMIC market.
Consumer electronics held the largest share of the global Power Management IC Market in 2015. This is because PMICs are increasingly being used in electronic devices such as smartphones, tablets, laptops, and wireless audio devices among others. The market for consumer electronics is mainly driven by the increasing adoption of the PMICs to minimize power consumption for an enhanced battery life and improved device efficiency; it is expected to hold the largest share of the Power Management IC Market during the forecast period.
However, complex integration process for multi-power domain SOCs of PMICs is a major factor that is hindering the growth of the market. The multi-voltage SOCs require robust methodology and toolsets for implementation and hence, a proper tool for analog and digital part is a crucial factor.
- Analog Devices, Inc.
- Dialog Semiconductor Plc
- Fairchild Semiconductor International, Inc.
- Linear Technology Corp.
- Maxim Integrated Products, Inc.
- Nxp Semiconductors
- On Semiconductor Corp.
- Renesas Electronics Corp.
- Stmicroelectronics N.V.
- Texas Instruments Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Power Management Ic Market, By Product
8 Power Management Ic Market, By Application
9 Power Management Ic Market, By Geography
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/mk9x64/power_management
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SOURCE Research and Markets