DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ghppxv/global_power) has announced the addition of the "Global Power Management IC Market 2015-2019" report to their offering.
The global power management IC market to grow at a CAGR of 6.94% over the period 2014-2019.
This report covers the current scenario and growth prospects of the global power management IC market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sale of power management ICs across various application segments. The report includes a discussion of the key vendors operating in this market.
The global power management IC market is expected to grow at a significant rate during the forecast period, primarily due to certain emerging trends. One such trend is automobile automation. In automation, semiconductor contents are required to constantly provide accurate information in order for the inbuilt artificial intelligence (AI) to drive optimally. In this scenario, the role of power management ICs is to optimally supply power to all essential electronic components of the vehicle.
According to the report, one of its major drivers is the increasing demand for energy-efficient devices. In the recent past, there has been a dramatic rise in the consumption and cost of energy worldwide. This has prompted consumers to conserve energy and reduce the associated environmental impacts that arise from carbon emissions. This scenario has increased the demand for power-saving electronic products.
Further, the report states that the growth of the market is curtailed by certain challenges. The level of technological sophistication involved in designing power management ICs is posing a challenge to IC manufacturers.
- Fairchild Semiconductor
- Freescale Semiconductor
- Texas Instruments
Other prominent vendors
- Analog Devices
- Linear Technology
- Maxim Integrated
- Mitsubishi Electric
- ON Semiconductor
- Renesas Electronics
For more information visit http://www.researchandmarkets.com/research/ghppxv/global_power