Power Management Integrated Circuits Market was valued at $37,802 million in 2015, and is expected to reach $57,888 million by 2022, growing at a CAGR of 6.1% from 2016 to 2022. The voltage regulators segment is anticipated to dominate the global market during the forecast period. The Asia-Pacific region dominated the global market, accounting for approximately 46.3% share.
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The global PMICs market is expected to witness significant growth during the forecast period, owing to surge in production of automobile & battery supported portable electronic devices, increase in need for better performance efficiency, and rise in concerns associated with the cost incurred for power management solutions. The demand for battery supported devices, such as smartphones, is expected to witness noticeable increase in the coming years, mainly in the Asia-Pacific countries such as India and China.
Growing emphasis on consumer electronics industries concerned with semiconductor manufacturing, telecommunication and networking and automotive are expected to boost the growth of PMICs.
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