The global Power Management Integrated Circuits Market size was valued at $33.96 billion in 2019 and is projected to reach $51.4 billion by 2027, growing at a CAGR of 5% from 2021 to 2027. Technological advances and increasing demand for battery operated devices are: These are the major drivers for the global Power Management Integrated Circuits Market. Additionally, the growth of the PMIC market is directly related to the growth of the consumer electronics (mainly smartphones) and automotive segments. Among all the drivers mentioned above, smart phones play a crucial role in the increased demand for PMIC. The sales of smart phone are expected to achieve its peak in the next few years.
A full report of Power Management Integrated Circuits Market available at https://www.orionmarketreports.com/power-management-integrated-circuits-market/25168/
Power Management Integrated Circuits Market- Segmentation
By Product Type
• Voltage Regulators
• Linear Voltage Regulators
• DC/DC Regulators
• Motor Control IC
• Integrated ASSP Power Management IC
• Battery Management IC
• Other Power Management IC
By End Use
• Automotive & Transportation
• Consumer Electronics
• Industrial
• Telecom & Networking
• Others
Major Players
• Texas Instruments Inc.
• ON Semiconductor Corporation
• Analog Devices Inc.
• Dialog Semiconductor Plc.
• NXP Semiconductors N.V.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
