The global power management IC market analyst says 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. —
Complete report on power management IC market spread across 72 pages, analyzing 6 major companies and providing 37 data exhibits are now available at http://www.rnrmarketresearch.com/global-power-management-ic-market-2016-2020-market-report.html
According to the 2016 power management IC market report, proliferation of energy-efficient devices will be a key driver for market growth. Energy resources have been depleting around the globe. With growing electricity consumption, the generation of power is posing a challenge to governments worldwide. This has led to a major concern regarding efficient utilization of electricity as an energy source. The need for conserving energy and reducing the associated environmental impacts that arise from carbon emissions has increased the demand for power-saving electronic products. The integration of power management semiconductor ICs in electronic devices reduces power consumption while augmenting the system's reliability and robustness. It increases the energy efficiency of electronic products. Moreover, the efficient power conversion process reduces CO2 emissions and energy costs, which further accelerates the demand for power management semiconductor ICs.
The communications segment accounted for more than 33% of the total market shares and dominated the power management IC market. Semiconductor ICs are mainly used in devices such as smartphones, battery packs, and telecom power systems. The increasing demand for communication devices such as call-enabled tablet computers and personal navigation devices (PNDs) will bolster the market’s growth prospects in the coming years. Also, the improvement in network communication products such as fiber optics and RF connectivity solutions and the adoption of latest technologies such as large displays and better touch functionalities, will also fuel the growth of the market in the next four years. Order a copy of Global Power Management IC Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=704093
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.
APAC will be the major revenue contributor to the power management IC market throughout the next four years and also estimates that this region will account for more than 71% of the total market shares by 2020. This is mainly due to the high concentration of original equipment manufacturers (OEMs) and original device manufacturers (ODMs) in the region.
Global Power Management IC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue generated from the sales of power management ICs.
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