PMICs are becoming increasingly popular among Chinese panel makers. In nations like India, China, and Taiwan, semiconductor and embedded device sales are predicted to increase. In the future years, high-efficiency, low-power-consumption gadgets are likely to develop significantly.
The global power management integrated circuits (PMIC) market was valued at $37,802 million in 2015 and is expected to reach $57,888 million by 2022, according to a new report published by Allied Market Research titled, Power Management Integrated Circuits (PMIC) Market by Product Type and End User: Global Opportunity Analysis and Industry Forecast, 2014-2022. During the projected period, the voltage regulators sector is expected to dominate the worldwide market. In 2015, the Asia-Pacific region led the worldwide market, accounting for over 46.3 percent of the total.
The global PMICs market is expected to grow significantly over the forecast period, owing to an increase in the production of automobiles and battery-powered portable electronic devices, as well as an increase in the demand for higher performance efficiency and concerns about the cost of power management solutions. In the future years, demand for battery-powered gadgets such as smartphones is predicted to rise significantly, particularly in Asia-Pacific nations such as India and China. PMICs are predicted to expand due to a growing focus on consumer electronics sectors such as semiconductor manufacturing, telecommunications and networking, and automotive.
In 2015, the automotive and consumer electronics category dominated the worldwide market, and this trend is projected to continue over the forecast period. In 2015, the voltage regulators and integrated ASSP power management ICs sectors accounted for 27.00 percent and 25.01 percent of the worldwide market share, respectively. During the period 2016-2022, these sectors are expected to dominate the global PMICs market.
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