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Global Automotive Power Management IC Market to Reach $10.18 Billion by 2031 - Exclusive DeepTech M-A-P™ Analysis by BIS ResearchDemand for automotive power management ICs is expected to increase with the rise in the electric vehicle fleet. FREMONT, Calif., Nov. 15, 2022 /PRNewswire/ -- BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Automotive Power Management IC Market – A Global and Regional Analysis.  According to this study, the market size of the global automotive power management IC (PMIC) was valued at $4.17 billion in 2021 and is projected to reach $10.81 billion by 2031. The following factors are responsible for the increase in demand for automotive PMIC:
The detailed study is a compilation of 211 market data tables and 55 figures spread through 246 pages. Check out the detailed table of content here https://bisresearch.com/requestsample?id=1380&type=toc Analyst's Take on the Market Projection According to Shamal Gawande, Senior Research Analyst, BIS Research, "The automotive power management IC market is evolving at a rapid pace and is anticipated to continue to spur at the same pace in the following years. Businesses are coming up with innovative solutions and launching new products in the market. Collaborations and product launches are the key strategies assisting the market's growth. The massive shift in consumer preferences has provided a viable opportunity for automotive manufacturers to gain strong ground in this domain. Moreover, increasing awareness regarding power management and electric cars along with growing safety concerns are expected to increase the adoption of automotive power management ICs globally." Request a FREE sample of this report here https://bisresearch.com/requestsample?id=1380&type=download Existing Competitive Landscape The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are Power Clinic Inc., Silergy Corp., Lion Semiconductor, TOREX USA Corp., Rante East Electronic Trading Co., Limited, Texas Instruments Incorporated, SMIC, Analog Devices Inc., NXP Semiconductors B.V., Onsemi, Infineon Technologies AG, STMicroelectronics, Sanken Electric Co., Ltd., Allegro MicroSystems, Microchip Technology Incorporated, Renesas Electronics Corporation, Cypress Semiconductor Corporation, Qualcomm Technologies, Inc., Rutronik Elektronische Bauelemente GmbH, Maxim Integrated, and more. Recent Developments in the Global Automotive Power Management IC Market
Passenger Cars Segment to Witness the Highest Growth During the Forecast Period 2022-2031 As per the study conducted by BIS Research, the passenger cars segment is expected to dominate the market during the forecast period 2022-2031. High demands for battery-operated devices, fast-paced technological advances, and the proliferation of new semiconductor applications have contributed to the surge in power management integrated circuits (PMICs) usage. Heavy commercial vehicle system designers turn to PMICs to optimize power management, protect against overvoltage or overcurrent faults, implement human-machine interfaces, manage battery life and charging, and perform many other control functions for mechanical, electromechanical, and electronic devices. Want to learn more about the latest trends in the power electronics industry? Speak to our analysts Exclusive DeepTech™ MAP Analysis for Automotive by BIS Research: Global Automotive Inverter Market Global Lithium-Ion Battery Recycling Market Global Electric Vehicle Fast-Charging System Market About BIS Research: BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes. Contact: Bhavya Banga Logo: https://mma.prnewswire.com/media/495163/BIS_Research_Logo.jpg
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