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Power Management IC Market 2023: Market Trends, Emerging Opportunities and Key VendorsMarket Highlights 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 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. The market is growing rapidly. With rising technological innovation, competition, and M&A activities in the industry, many local and regional vendors are offering specific application products for varied end-users. The new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology. Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5038 Key Players Some of the key players in the market are Texas Instruments Inc. (U.S.), ON Semiconductor Corp. (U.S.), Analog Devices, Inc. (U.S.), Dialog Semiconductor PLC (U.K.), Maxim Integrated Products, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), and Linear Technology Corp. (U.S.), Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), among others. Market Segmentation: The global Power Management IC Market has been segmented on the basis of product and application. Based on products, the power management IC market has been segmented into voltage regulators, motor control ICs, integrated ASSP power management ICs, battery management ICs, and others. Among these products, the integrated ASSP power management ICs segment includes energy management ICs, wireless charging ICs, power factor correction controllers, LED driver ICs, battery charging and management ICs, Hot-swap controllers and power-over-ethernet (PoE) controllers. The power management ASIC/ASSP segment is anticipated to dominate the global market during the forecast period owing to the increased use of these products in smart phones, laptops, tablets, and other portable devices. On the basis of application, the power management IC market is segmented into automotive, consumer electronics, industries, telecom and networking, wearable and others. Among these, the consumer electronics segment offer lucrative opportunities for the market players and is anticipated to project the fastest growth compared to other applications during the forecast period. Regional Analysis 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. The Asia Pacific region is one of the centre of the global electronics manufacturing for most of the products and equipment, which use these ICs, and it continues to build on this strong position. The emergence of China and India as viable locations for OEMs to relocate their production operations is contributing to the large share of worldwide electronics manufacturing conducted in Japan, South Korea, Taiwan, and other countries. The potential of a large domestic market in China is fuelled by the country's large population, which also makes it an attractive location for OEMs. As China emerges as an electronics production leader, the skills and education of the workforce are increasing, which make moving production there even more attractive. This provides increasing productivity and quality attainable at low labour costs. Toshiba Electronics has announced a new system power management IC (PMIC) designed to optimise power management functions for a wide range of mobile products, such as smartphones, tablets, handheld medical devices, industrial PDAs, barcode readers, and portable instruments. The IC also features an external thermistor that detects the battery's temperature, helping to prevent overheating while the mobile device is charging. Escalating demand for power management IC owing to the presence of the prominent market players in North America is anticipated to enhance the global power management IC market growth. Intended Audience Component Manufacturers Electronic design automation Original equipment manufacturers Technology investors Research institutes & organizations Product manufacturers Get complete Report @ https://www.marketresearchfuture.com/reports/power-management-ic-market-5038 TABLE OF CONTENTS LIST OF TABLES Table 1 Global Power Management IC Market: By Region, 2017-2023 Table 2 North America Power Management IC Market: By Country, 2017-2023 Table 3 Europe Power Management IC Market: By Country, 2017-2023 Table 4 Asia-Pacific Power Management IC Market: By Country, 2017-2023 Table 5 Middle East & Africa Power Management IC Market: By Country, 2017-2023 Table 6 Latin America Power Management IC Market: By Country, 2017-2023 Table 7 Global Power Management IC By Product Market: By Regions, 2017-2023 Table 8 North America Power Management IC By Product Market: By Country, 2017-2023 Table 9 Europe Power Management IC By Product Market: By Country, 2017-2023 Table10 Asia-Pacific Power Management IC By Product Market: By Country, 2017-2023 Table11 Middle East & Africa Power Management IC By Product Market: By Country, 2017-2023 Table12 Latin America Power Management IC By Product Market: By Country, 2017-2023 Table13 Global Power Management IC By Technology Market: By Regions, 2017-2023 Table14 North America Power Management IC By Technology Market: By Country, 2017-2023 Table15 Europe Power Management IC By Technology Market: By Country, 2017-2023 Table16 Asia-Pacific Power Management IC By Technology Market: By Country, 2017-2023 Table17 Middle East & Africa Power Management IC By Technology Market: By Country, 2017-2023 Table18 Latin America Power Management IC By Technology Market: By Country, 2017-2023 Continued… Know More about this Report @ http://www.abnewswire.com/pressreleases/power-management-ic-market-share-historical-analysis-developments-sales-revenue-future-plans-competitive-landscape-opportunity-assessment-and-global-trends-by-forecast-2023_285024.html About Us: 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. 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