Global Battery Management ICs Market to Reach $8.8 Billion by 2026
SAN FRANCISCO, June 3, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Battery Management ICs - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Global Battery Management ICs Market to Reach US$8.8 Billion by the Year 2026
The U.S. Market is Estimated at $1 Billion in 2021, While China is Forecast to Reach $2.2 Billion by 2026
Arrival of numerous power hungry consumer electronic devices is spelling opportunities for efficient and long-lasting batteries. Going forward, the market will continue to grow at a rapid pace, fueled by the development of technologically advanced products, such as 3D TVs, smart remotes, tablets, and mobile phones. For instance, 3D TVs uses glasses powered by batteries to provide consumers with 3D experience without the hassle of cables. Rapid adoption of this technology in the coming years is expected to increase the demand for batteries to power 3D experience. Similarly, smart remotes which execute connectivity between devices require frequent battery replacements as a result of their heavy-duty nature. In addition, smartphones are also continuing to increase in penetration rates. The remarkable claim lies in the inexorable union of voice, vision, and the Internet, making smartphones an indispensable, and multifunctional tool.
Authentication ICs Segment to Reach $868.4 Million by 2026
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SOURCE Global Industry Analysts, Inc.