Power Management Ic Market Is Anticipated To Grow At A Cagr Of 6.6% During 2023-2028

By Author: Lucintel LLC
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The global power management IC market is projected to reach $31 billion by 2028, at a CAGR of 6.6% during 2023-2028. The growth of power management IC market is driven by increasing demand for battery powered devices, such as smartphones, wearables devices, digital cameras, and navigation systems, and rising trend for IoT technology and energy-efficient devices.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the power management IC market by product (linear regulators, switching regulators, voltage references, and power management ASICs/ASSPs), application (consumer electronics, wearable electronics, automotive, healthcare, industrial & retail, and building control), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the power management IC market?
Q.4 What are some changing demands of customers in the power management IC market?
Q.5 What are the new developments in the power ...
... management IC market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this power management IC area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this power management IC market?

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Market Segmentation:
Based on product, the power management IC market is segmented into linear regulators, switching regulators, voltage references, and power management ASICs/ASSPs.. The power management ASICs/ ASSPs segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand for consumer electronics along with growing demand for battery charging and management ICs in portable devices.
APAC is expected to witness the highest growth during the forecast period due to increase in vehicle production by OEMs and growing demand for consumer electronics in countries like China, India, and Japan.
Key Players in the power management IC market are Texas Instruments, ON Semiconductor, Analog Devices, Dialog Semiconductor PLC, STMicroelectronics, NXP Semiconductors Netherlands B.V., Linear Technology Corporation, and Renesas Electronics Corporation.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/power-management-ic-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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