Market Research Future +1 (339) (US) (UK) Power Management IC Market Research Report - Global Forecast To 2023 Power management integrated circuit (PMIC) is an integrated circuit that aids in managing power requirements of the host system. It functions by managing the flow of power from different power sources, namely batteries, USBs, and wall adapters, while maintaining the current limit. They also help in loss of power during distribution. This way they make devices smarter and more efficient and this is one reason why they are seeing steady uptake. The global Power Management IC market is expected reach a valuation of USD 38,388.9 Mn by the year 2023, reflecting a CAGR of 8.8% during the forecast period ( ). The wearable electronics sector is expected to experience the highest growth rate owing to growing awareness regarding good health and fitness across the globe, especially, in developing countries. Booming global automotive industry may also witness a significant growth in the market.

Market Research Future +1 (339) (US) (UK) Regional Analysis In 2017, Asia Pacific (APAC) accounted for the largest market share in terms of value. Asia Pacific PMIC market is expected to witness a CAGR of 8.9% during the forecast period. APAC led by China offers lucrative market opportunities and is the go-to destination for market players. Economic upsurge and presence of an enormous semiconductor industry are some of the key factors boosting the market prospects in the region. Additionally, the presence of a large number of wafer fabrication manufacturers is contributing the market growth in APAC. China makes a significant contribution to the global semiconductor component supply, which characterizes its strong position in the market. The high investor confidence which is substantiated by favorable government policies indicates towards a business-friendly climate in APAC for the next several years. Access Full market-5038https:// market-5038

Market Research Future +1 (339) (US) (UK) Market Segments: The market, on the basis of geography, has been segmented into four major geographic regions North America, Europe, Asia Pacific. Asia Pacific accounts for the largest share of the Power Management IC Market, followed by North America and Europe. This growth can be attributed to the increasing demand for power management IC components from the consumer electronics and automotive sectors in this region. Request a Sample

Market Research Future +1 (339) (US) (UK) Major Players in this Research: Texas Instruments Incorporated., Toshiba Corporation, Renesas Electronics Corporation, Analog Devices, STMicroelectronics, Maxim Integrated, Infineon Technologies AG, NXP Semiconductors, Dialog Semiconductors, and ON Semiconductor. The power management integrated circuits (PMIC) market is influenced by various macro-economic elements such as rapid technological change, rising demand for efficient consumer electronics, and fluctuations in currency exchange rates. Therefore, it is important for market keep a dynamic approach and compete on parameters such as price, quality and credibility. Know More about this management-ic-markethttps:// management-ic-market

Market Research Future +1 (339) (US) (UK) About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.Market Research Future (MRFR), In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Know more