New Analysis Report – Global Power Management IC Market 2016-2020 report is the latest addition to RnRMarketResearch.com.
The global power management IC market is driven by factors such as increasing demand for energy-efficient devices. A dramatic rise in the consumption and cost of energy worldwide has forced consumers to save energy and devise methods to minimize environmental impacts caused by carbon emissions. This has increased the demand for power-saving electronic products in the market. Other market drivers are growth in smart home and smart grid technology, increasing processing power in computing and mobile devices, and increased adoption of smartphones and tablets.
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The analysts forecast global power management IC market to grow at a CAGR of 7.59% during the period 2016-2020. Automation in automobiles will be a key trend for market growth. Automobiles are undergoing a massive digital makeover as an increasing number of automakers are considering automation as a serious trend. Leading automakers such as Toyota, Audi, and Mercedes have invested considerable resources in the R&D of vehicle automation. The next-generation automobiles are expected to include speech recognition, video and image compatibilities, and IC-integrated LED front lighting. Semiconductor content has a crucial role in vehicle automation, especially in networked communication and driving automation. It constantly provides accurate information for the inbuilt artificial intelligence for an optimal drive experience. In this scenario, the role of power management ICs is to optimally supply power to all essential electronic components of the vehicle.
The following companies are the key players in the global power management IC market: Fairchild Semiconductor, Freescale Semiconductor, Qualcomm, ROHM, STMicroelectronics, and Texas Instruments. Other Prominent Vendors in the market are: Analog Devices, Intersil, Intel, Linear Technology, Maxim Integrated, Mitsubishi Electric, ON Semiconductor, and Renesas.
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This report covers the present scenario and the growth prospects of the global power management IC market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of power management ICs.
The market is divided into the following segments based on geography:
The report, Global Power Management IC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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