Digital Power Management Multichannel IC Market Expected to Reach $35,109 Million, Globally, by 2022 - Allied Market Research
PORTLAND, Oregon and PUNE India, March 15, 2017 /PRNewswire/ --
According to a new report published by Allied Market Research, titled, "Digital Power Management Multi-Channel IC Market: Global Opportunity Analysis and Industry Forecast, 2014 - 2022," the global digital power management multichannel IC market is expected to reach $35,109 million by 2022 from $11,861 million in 2015, growing at a CAGR of 16.3% from 2016 to 2022.
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Summary of the Digital Power Management Multi-Channel IC Market Report can be accessed on the website at: https://www.alliedmarketresearch.com/digital-power-management-multi-channel-IC-market
Digital power management multi-channel IC's are vital part of electronic devices which provide power management to internal electronic parts. The global digital power management multi-channel IC market is poised to witness significant growth during the forecast period. In 2015, Asia-Pacific dominated the market and contributed more than 41% of the overall market revenue, followed by North America. Presence of key market players in the U.S. and Asia-Pacific, rapid industrialization, primarily in manufacturing sectors, and increase in demand for high-performance devices have fueled the growth of digital power management multichannel IC market. However, complexity with integration of ICs for wide range of applications is one of the key restraints of the market.
Voltage regulators segment dominated the market, accounting for about 27% of the overall market share in 2015, owing to their increase in requirement for various functions, such as step-up, step-down, and voltage inverting. However, battery management IC segment is expected to register a CAGR of 16.4%, and is projected to demonstrate significant growth during the forecast period due to increased demand for small and low-cost products with a long battery life. Moreover, effective battery management has become increasingly important, as portable applications extend into more industries.
Although, Asia-Pacific contributed toward the maximum revenue share in 2015, North America is expected to show high CAGR during the forecast period. This is attributed to various fctors, including increase in demand for electronic products and numerous government initiatives. Moreover, development in digital power management multichannel IC technologies has fueled the market growth in Asian countries, particularly in China, Japan, and India.
According to Komal Sharma, Research Analyst, Semiconductor & Electronics Research at Allied Market Research, "Digital power management multichannel IC technology is rapidly adopted in semiconductor and electronics sectors. In addition, scalable and distributed power management of this technology is estimated to fuel the market growth in both non-industrial and industrial sectors."
Connect to Research Analyst: https://www.alliedmarketresearch.com/connect-to-analyst/1938
Asia-Pacific is projected to show highest growth rate throughout the analysis period. The surge in manufacturing industry activities and increased expenditures in Japan and India, to cater to the exponential growth for emerging consumer electronics have boosted the growth. Technological advancements for cost-effective digital power management multichannel IC in these nations offer lucrative opportunity for the market.
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KEY FINDINGS OF THE DIGITAL POWER MANAGEMENT MULTI-CHANNEL IC MARKET STUDY:
- The consumer electronics application led the overall market revenue in 2015, and is projected to grow at a CAGR of 16.6%.
- Automotive application segment is expected to exhibit rapid growth during the forecast period.
- In 2015, Asia-Pacific led the global market, however, North America is expected to show the highest CAGR.
- In 2015, China led the overall Asia-Pacific market with about one-third of the market share.
Key players adopted acquisition and product launch as their prominent strategies to expand their business operations in the emerging countries. The major players profiled in this report include STMicroelectronics N.V. (Switzerland), Texas Instruments Inc. (U.S.), Maxim Integrated Products, Inc. (U.S.), Renesas Electronics Corp. (Japan), Analog Devices, Inc. (U.S.), Dialog Semiconductor Plc. (UK), NXP Semiconductors (Netherlands), ON Semiconductor Corporation (U.S.), Qualcomm, Inc. (U.S.), and Linear Technology Corporation (U.S.).
Summary of similar reports can be viewed at: https://www.alliedmarketresearch.com/semiconductor-and-electronics/semiconductors-market-report
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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