DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Power Management IC Market - Forecasts from 2016 to 2021" report to their offering.
Power Management IC market is projected to grow to US$39.958 billion by 2021 from US$25.978 billion in 2015 at a CAGR of 7.44%
Growing demand for battery-powered devices such as smartphones, wearable devices, tablets, and digital cameras among others is driving the global power management IC market. Furthermore, increasing demand for energy harvesting technologies coupled with technological advancements is also fuelling the demand for power management market. Growing building control and industrial and retail sectors will propel the growth of power management IC market in the forthcoming years.
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 will also witness a significant market growth of power management IC.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry player profiles as part of this section are Texas Instruments, NXP Semiconductors, Analog Devices, and ON Semiconductor among others.
Segmentation
By Type
- Motor Control IC
- Battery Management IC
- ASSP PMICs
- Voltage regulators
- Others
By Industry Vertical
- Manufacturing
- Automotive
- Consumer electronics
- Communication and Technology
- Healthcare
- Military and Defense
-
Others
Companies Mentioned
- Texas Instruments
- Maxim Integrated Products
- Analog Devices
- Renesas Electronics
- STMicroelectronics
- Linear Technology
- On Semiconductor
- Fairchild Semiconductor International
- Dialog Semiconductor
- NXP Semiconductors
For more information about this report visit http://www.researchandmarkets.com/research/6pmp6h/power_management