According to a new market report published by Transparency Market "Power Management IC Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global Power Management IC market is expected to reach a value of USD 46 billion by 2019, growing at a CAGR of 6.1% from 2013 to 2019. Growing demand of battery operated devices in automobiles, consumer electronics, industrial and military among others has led to the increase in demand of power management IC. Asia Pacific was the largest contributor in the power management IC market and accounted for a market share of 45% in 2012.
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Several types of power management IC include voltage regulators, motor control IC, Integrated ASSP Power Management ICs and battery management IC among others. Depending on the need and application the ICs are included in various devices and used accordingly. Among the various types of power management IC, Integrated ASSP Power Management ICs has the largest market as it is used in specific applications.
Among different applications, automobile/transportation was the largest followed by consumer electronics in 2012, and is expected to maintain its leading position throughout the forecasted period. The demand for PMIC in automobile sector is mainly supported by growing demand in emerging regions such as Asia Pacific and RoW. In consumer electronics sector, the demand for power management IC is primarily driven by the growing demand of smartphones, tablets, and laptops among others.
Geographically, Asia Pacific held the largest share in the power management IC market in 2012. The reason behind is the growing demand and increased usage of PMIC in in the consumer electronics industry. North America followed Asia Pacific in terms of geographical market share. The growth in the region is attributed to the growing demand of automobiles and number of semiconductor industry based in the region.
Power management IC is a consolidated market. Texas Instruments, STMicroelectronics, Renesas Electronics, ON Semiconductor, Mitsubishi Electric, Linear Technology, Dialog Semiconductor PLC, Maxim Integrated, Rohm Co Ltd., Semtech Corporation, Fairchild Semiconductor, Toshiba and International Rectifier among others are some of the key players in the global power management IC market.