Power Management IC Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Linear Regulators Supervision, Sequencing, And Control, Battery Charging And Management, Switching Regulator, Others), By Industry Vertical (Manufacturing, Automotive, Consumer Electronics, Communication And Technology, Healthcare, Military And Defense, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Sep 2021 Report Code: KSI061610394 Pages: 123

The power management IC market is projected to grow at a CAGR of 8.04% during the forecast period to reach US$56.864 billion by 2026, from US$33.094 billion in 2019. Power management integrated circuits (ICs) are used to convert the flowing electric supply voltage into the voltage required by the device circuit. Different electronic devices require different voltages for smooth operations. High voltage may cause the device to burn out and fail whereas low voltage won’t allow the device to operate. Hence to regulate the required voltage supply, power management ICs are used in the devices. The prime reasons driving the market growth during the forecasted period are rising automation across several industry verticals and increasingly complex structures of these devices. However, complex designs of power management ICs have the potential to constrain the market.

Linear regulators supervision and switching regulator power management ICs are projected to hold a large share of the market during the forecasted period owing to increasing operations. However, battery charging and management ICs are expected to grow at a significant rate.

Based on type, power management ICs are distinguished upon the role played as linear regulators supervision, sequencing and control, battery charging and management, switching regulator, and others. Linear regulators supervision and switching regulator power management ICs are projected to hold a large share of the market during the forecasted period. Linear regulators use error amplifiers to compare regulator output voltage and internal reference voltage in order to regulate and set voltage flow in the circuit. Further, owing to their compact size and convenience usage coupled with sensitive analog applications, linear regulators ICs are more popular than other ICs.

Switching regulator ICs, however, is more effective than linear regulators due to their low effective output transistors. These regulators are also known as DC or DC converters and are available in a variety of circuit topologies. But switching regulators generate noise which plays as a disadvantage over their installment despite having a competitive advantage over linear regulators.

In addition to the above 2 ICs, battery charging and management ICs are projected to show lucrative growth and are expected to grow at the fastest CAGR. With automation around various verticals, demand for batteries has surged significantly that supports the market growth. Furthermore, innovation and rising penetration of portable batteries and power banks also contribute significantly to the market.

Automotive, consumer electronics, communication, and technology industries are facing robust demand which favors the market adoption of power management ICs and projects lucrative growth opportunities for the market.

By end-user industry, the power management ICs are segmented into manufacturing, automotive, consumer electronics, communication and technology, healthcare, military and defense, and others. robust growth in the automotive, consumer electronics, communication, and technology sectors are projected to provide lucrative opportunities for the power management ICs market and increase the market size significantly. The surge in disposable income coupled with rising living standards and technology penetration has surged the demand for consumer electronics, especially smart devices such as smart TV, smartwatch, smartphones, and others, which support the industry demand for power management ICs. Furthermore, environmental concerns and technology enhancement has surged the usage of electronic cars which further increases the demand for power management ICs. Tesla and Hyundai are leading electronic car producers in the world. Electric vehicle sales have been surging globally. In India, electric vehicles sales surged by 20% in 2019 -20 to 1.56 lakh units. In 2018-29, total EV sales stood at 1.3 lakh units in the country. Furthermore, in 2019, 2.1 million electric cars were sold globally, a 40% year-on-year increase, as reported by IEA. Hence, the increasing penetration of electronic vehicles has increased the market demand for ICs in the automotive sector.

Covid Insights.

The coronavirus pandemic rattled the market for power management ICs, by severely affecting the end-users industries. Nationwide lockdown implemented to contain the spread of virus resulted in shut down of manufacturing units across major industry verticals and supply chain disruption, decreasing the market size significantly. Data from International Organization for Motor Vehicle Manufacturers shows that sales of automobiles globally fall significantly due to the covid pandemic. Data shows a fall in sales of all vehicles from 90.423 million in 2019 to 77.971 million in 2020. Sales of passenger cars fell to 53.598 million from 63.730 million in 2019. Furthermore, the production of vehicles also decreased notably. in 2019, globally 91.788 million vehicles were produced. But due to covid restriction, production fell to 77.621 million in 2020. However, the healthcare and communication industries supported the market growth owing to continuous operations. Furthermore, rigorous investment in these sectors helped in the market recovery. But lockdowns in the Asia Pacific region, the region where this sector is mushrooming, impacted the market drastically.

Power Management IC Market Scope:

Report Metric Details
 Market size value in 2019  US$33.094 billion
 Market size value in 2026  US$56.864 billion
 Growth Rate  CAGR of 8.04% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Industry Vertical, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Texas Instruments, Analog Devices Inc., Maxim Integrated, Infineon Technologies AG, Nordic, Renesas Electronics Corporation, STMicroelectronics, Microchip Technology Inc., On Semiconductor, Dialog Semiconductor, NXP Semiconductors
 Customization scope  Free report customization with purchase

 

Key Market Segments

  • By Type
    • Linear Regulators Supervision
    • Sequencing and Control
    • Battery Charging and Management
    • Switching Regulator
    • Others
  • By Industry Vertical
    • Manufacturing
    • Automotive
    • Consumer Electronics
    • Communication and Technology
    • Healthcare
    • Military and Defence
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Thailand
      • Taiwan
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the power management IC market size by 2026?
A1. The power management IC market is projected to reach a market size of US$56.864 billion in 2026.


Q2. What is the size of the power management IC market?
A2. Power Management IC Market was valued at US$33.094 billion in 2019.


Q3. What are the growth prospects for the power management IC market?
A3. The global power management IC market is projected to grow at a CAGR of 8.04% during the forecast period.


Q4. What factors are anticipated to drive the power management IC market growth?
A4. The prime reasons driving the power management IC market growth are rising automation across several industry verticals and increasingly complex structures of these devices.


Q5. How is the global power management IC market segmented?
A5. The power management IC market has been segmented by type, industry vertical, and geography.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis

5. Power Management IC Market, by Type 
5.1. Introduction
5.2. Linear Regulators Supervision
5.3. Sequencing and Control
5.4. Battery Charging and Management
5.5. Switching Regulator
5.6. Others 

6. Power Management IC Market, by Industry Vertical
6.1. Introduction
6.2. Manufacturing
6.3. Automotive
6.4. Consumer Electronics
6.5. Communication and Technology
6.6. Healthcare
6.7. Military and Defence
6.8. Others 

7. Power Management IC Market, by Geography
7.1. Introduction
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. United Kingdom 
7.4.4. Spain 
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Israel
7.5.4. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. India
7.6.3. South Korea
7.6.4. Taiwan
7.6.5. Thailand
7.6.6. Indonesia 
7.6.7. Japan
7.6.8. Others

8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Company Profiles
9.1. Texas Instruments
9.2. Analog Devices Inc.
9.3. Maxim Integrated
9.4. Infineon Technologies AG
9.5. Nordic 
9.6. Renesas Electronics Corporation
9.7. STMicroelectronics 
9.8. Microchip Technology Inc.
9.9. On Semiconductor 
9.10. Dialog Semiconductor
9.11. NXP Semiconductors

Texas Instruments

Analog Devices Inc.

Maxim Integrated

Infineon Technologies AG

Nordic

Renesas Electronics Corporation

STMicroelectronics

Microchip Technology Inc.

On Semiconductor

Dialog Semiconductor

NXP Semiconductors

 

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