Global Power Management IC Market 2015-2019
- Published: Oct 2015
- Pages: 74
- SKU: IRTNTR7536
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Market overview of power management ICs
Most of our electricity requirements are fulfilled using fossil fuels reserves that are diminishing. Fossil fuels are non-renewable energy sources, and therefore a cause of concern for governments across the world. The growing demand for dedicated power management ICs is a result of such increasing concern over fast-depleting energy resources. Technavio’s market research analysts have projected the power management ICs to reach a market size of approximately $44 billion in 2019.
Worldwide, the focus is on ensuring efficient utilization of power without compromising on performance. Manufacturers are making considerable investments in material resources and funding to ensure that their products meet the market expectation of efficient utilization and effective performance. This is where power management ICs play a crucial role; they ensure optimized performance of electronic devices with minimum possible energy wastage.
Market segmentation by application
Information communication and technology (ICT)
- Computer hardware
- Manufacturing sector
Application of power management IC in the ICT segment mainly refer to the use of power management semiconductors in devices such as smart phones, battery packs, and telecom power systems. This sector is expected to witness high growth due to the rise in the demand for smartphones with cutting edge features and deployment of next-generation LTE wireless networks. According to this market forecast, it is likely to cross revenues worth USD 10 billion until 2019.
Leading regions and market share analysis
The power management IC market in the EMEA region is expected to witness significant growth during the forecast period, with countries such as France, Germany, the UK, and Russia playing an important role in the market's growth. Moreover, Europe is the hub of the automotive industry, and the demand for power management ICs is increasing significantly in the automotive industry.
Leading vendors in the power management IC market
- Fairchild Semiconductor
- Freescale Semiconductor
- Texas Instruments
Next generation automobiles are expected to include speech recognition, video and image compatibilities, and use of IC in LED front lighting, to provide optimal driving experience. The increasing need for constant R&D to improve the utility of automobiles is a key trend that drives the leading vendors of this market.
Key questions answered in the report
- What are the key factors driving the power management IC market?
- What are the key market trends impacting the growth of the power management IC market?
- What are the various opportunities and threats faced by the vendors in the power management IC market?
- Trending factors influencing the market shares for EMEA, ROW, APAC, and Americas?
- Key outcome of the five forces analysis on the power management IC market?
- Growth forecast of the power management IC market until 2019?
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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