TMCnet News

Global Power Management IC Market - Analysis, Technologies & Forecasts to 2020 - Key Vendors are Freescale Semiconductor, Qualcomm & ROHM - Research and Markets

[October 10, 2016]

Global Power Management IC Market - Analysis, Technologies & Forecasts to 2020 - Key Vendors are Freescale Semiconductor, Qualcomm & ROHM - Research and Markets

Research and Markets has announced the addition of the "Global Power Management IC Market 2016-2020" report to their offering.

The report forecasts the global power management IC market to grow at a CAGR of 7.59% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The global power management IC market is driven by factors such as increasing demand for energy-efficient devices. A dramatic rise in the consumption and cost of energy worldwide has forced consumers to save energy and devise methods to minimize environmental impacts caused by carbon emissions.

This has increased the demand for power-saving electronic products in the market. Other market drivers are growth in smart home and smrt grid technology, increasing processing power in computing and mobile devices, and increased adoption of smartphones and tablets.

Further, the report states that the increased miniaturization of semiconductor electronic devices has pressurized power management semiconductor IC manufacturers to reduce the board space while maintaining manufacturing costs. This requires over 30 different high-and low-voltage circuits and analog functions are to be integrated on a single chip, increasing design complexity and the cost of manufacturing.

Key vendors: