Enjoy complimentary customisation on priority with our Enterprise License!
Based on Technavio's market sizing methodology, the smartphone power management IC market size is predicted to surge to USD 3.90 billion from 2021 to 2026 at a CAGR of 5.8%.
This market research report extensively covers market segmentation by:
The market vendors are the following - Analog Devices Inc., Dialog Semiconductor Plc, Diodes Inc., Infineon Technologies AG, MagnaChip Semiconductor Corp., MediaTek Inc., Microchip Technology Inc., Nisshinbo Holdings Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qorvo Inc., Qualcomm Inc., Renesas Electronics Corp., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp., STMicroelectronics International NV, Texas Instruments Inc., and Toshiba Corp. among others.
Download the Free Report Sample to Unlock the market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing internet penetration and data traffic is notably driving the market growth, although factors such as the increasing complexity of PMIC design may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smartphone power management IC industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Market Driver
One of the key factors driving growth in the market is the growing internet penetration and data traffic. Smartphones incorporate various mobile applications related to social media, online video streaming, and video gaming. These applications account for a large amount of mobile data traffic. The growing investments in 4G/5G networks have significantly increased data transfer speeds and are also resulting in high Internet penetration. The smartphone Internet user penetration increased in recent years, with more than 4.66 billion active internet users in October 2020. Furthermore, the increasing use of social networking sites is leading to high data traffic. Consumers prefer to stay connected to the Internet for multiple purposes, such as accessing social networking sites, data synchronization, web browsing, checking emails, and using GPS applications for navigation. The increasing use of high-bandwidth applications is resulting in the need for energy-efficient and optimized power management systems. This is compelling smartphone OEMs to integrated high-performance PMICs due to high battery power consumption.
Key Market Trend
The miniaturization of semiconductor devices is a market trend that is expected to have a positive impact in the coming years. The integration of multiple technologies in smartphones is leading to the incorporation of multiple features on a single platform. The extensive use of PMICs in smartphones is driving the need for the miniaturization of semiconductor devices. The deployment of PMICs in smartphones not only enables high power conversion efficiency but also minimizes switching losses. Currently, electronic devices use semiconductors with circuit line widths in the 10 nm-20 nm range. However, ultra-miniature circuits with line widths in the 0 nm-10 nm range are expected to be introduced during the forecast period. Furthermore, some smartphone manufacturers are integrating low-dropout (LDO) linear regulators in smartphones to reduce size and energy loss. The regulators switch off the unused sections of smartphones, thus increasing the life of the battery and reducing power consumption. For such reasons, it is expected that the miniaturization of smartphone components will have a positive impact on the demand for PMICs.
Key Market Challenge
The increasing complexity of PMIC design will be a major challenge for the power management IC market during the forecast period. The miniaturization of electronic components has resulted in the integration of multiple functions on a single IC. However, this may result in compromising on different functions. For instance, it is challenging to find a sufficiently good fuel gauge IC that covers essential battery management systems, combined with other power management functions. Therefore, some designs add a dedicated fuel-gauging chip to a battery manager IC that has built-in fuel gauging. However, vendors need to invest more in R&D and focus on providing optimized products with the right balance of performance, power, and price. This increases complexity and results in a delay in the development of PMICs as vendors need to spend more time in design and development.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global smartphone power management IC market as a part of the global semiconductor market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as focusing on mergers, acquisitions, and collaborations to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
74% of the market's growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for smartphone power management IC in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing smartphone penetration in countries such as China, India, Japan, South Korea, and Taiwan will facilitate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in APAC hindered the growth of the market in 2020. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, were under partial or full lockdowns due to the pandemic. Post the lifting of lockdown restrictions, smartphone manufacturers witnessed a gradual recovery in sales in Q3 of 2020 with the growing demand from people working remotely. The demand for smartphones is expected to increase through 2023 owing to the upcoming launch of 5G smartphones in several countries such as India, Thailand, Vietnam, and Singapore of the region.
To gain further insights on the market contribution of various segments Request for a FREE sample
The market share growth by the premium range segment will be significant during the forecast period. Smartphone manufacturers are integrating advanced technologies such as AI, HMI, and virtual assistants. Therefore, there is a requirement for high power and battery capacity. Technavio expects that the increasing integration of advanced technologies and features in smartphones will accelerate the demand for power management ICs during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.
|
Smartphone Power Management IC Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
|
Market growth 2022-2026 |
$ 3.90 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
4.52 |
|
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
|
Performing market contribution |
APAC at 74% |
|
Key consumer countries |
US, Canada, China, South Korea, and Japan |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Analog Devices Inc., Dialog Semiconductor Plc, Diodes Inc., Infineon Technologies AG, MagnaChip Semiconductor Corp., MediaTek Inc., Microchip Technology Inc., Nisshinbo Holdings Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qorvo Inc., Qualcomm Inc., Renesas Electronics Corp., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp., STMicroelectronics International NV, Texas Instruments Inc., and Toshiba Corp. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Price
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Get the report (PDF) sent to your email within minutes.
