Power management and integrated circuits play vital role to manage power requirement of the host computer system running multiple user operating system like VMS, UNIX and NetWare NDS among others. Increasing demand for power optimization solutions and IoT (Internet of Thing) has led to gradual adoption of energy storage system, electric cars and smart grids across the globe. This leads to create massive opportunities for power management and integrated circuit as an essential element in efficient utilization of power sources across several industries.
According to the Future Market Insights report, the global power management and integrated circuits market was valued at US$ 20,450.0 Mn in 2017 and estimated to reach US$ 41,250.0 Mn by the end of 2027. The market is expected to register an excellent CAGR of 7.3% during the forecast period 2017 – 2027.
What are the dynamic factors of the market to surge demand for power management and integrated circuits?
- Increasing demand for automation across all types on industries
- Increasing adoption of electrification among vehicles
- Continuous integration of new technology and innovative product launch
- Increasing demand for remote sensing solutions together with the growing adoption of cloud technologies
- Heavy investment in resource and development activities to launch innovative products and solutions
Which region is expected to hold potential opportunities for power management and integrated circuits market?
The Asia-Pacific excluding Japan (APEJ) witnesses gigantic growth in industries with the increasing population thereby leads to offer tremendous market growth opportunities in the near future. Power management and integrated circuits find wide application in several industries such as grid infrastructure, factory automation and control, electronics, healthcare, medical, avionics, space and defense. Some of them are utilizing low power and well integrated microprocessor platforms which necessitates multiple voltage battery and rails management. To achieve this, power management and integrate circuits offer high performance solutions for consumer, automotive and industrial application. In accordance with the trending automation in industries, implementation of innovative technologies is highly likely to surge demand for power management and integrated circuits in this region
On the other hand, with the increasing demand for electric cars in the North America, manufacturers of power management and integrated circuits are likely to gain profitable market gains during the forecast period. Growing need for being connected through various medium like tablets and smartphone coupled with rising inclination towards cellular connectivity while driving. This has led to surge demand for semiconductors in order to provide well-organized distribution and control of power using power management and integrated circuits. Based on these factors, market players are expected to gain substantial growth during the forecast period.
Where can market players foresee high level of profitability margin among various types of industrial sectors?
Increasing demand for electric and hybrid automobiles for high performance and improved efficiency is expected to surge demand for power management integrated circuits. On the account of globalization and rapid industrialization, rise in automation among factories and commercial places is anticipated to increase demand for high power density. This is highly attributed to growing concern about over exploitation of conventional energy sources, thereby creates significant opportunities for power management and integrated circuits manufacturers in the near future.
Who are the key stake holder in power management and integrated circuits market?
Companies like Texas Instruments, ON Semiconductor, Infineon Technologies AG, Renesas Electronics Corporation, Microchip Technology and Samsung, Skyworks, ROHM Semiconductor, NXP Semiconductors, Cypress Semiconductor Corporation, Semtech Corporation, Analog Devices, Inc., Samsung and Dialog Semiconductor are likely to account for maximum value share in power management and integrated circuits market.
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