DUBLIN, October 10, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Power Management IC Market 2016-2020" report to their offering.
The report forecasts the global power management IC market to grow at a CAGR of 7.59% during the period 2016-2020.
Automation in automobiles will be a key trend for market growth. Automobiles are undergoing a massive digital makeover as an increasing number of automakers are considering automation as a serious trend. Leading automakers such as Toyota, Audi, and Mercedes have invested considerable resources in the R&D of vehicle automation. The next-generation automobiles are expected to include speech recognition, video and image compatibilities, and IC-integrated LED front lighting. Semiconductor content has a crucial role in vehicle automation, especially in networked communication and driving automation. It constantly provides accurate information for the inbuilt artificial intelligence for an optimal drive experience. 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, proliferation of energy-efficient devices will be a key driver for market growth. Energy resources have been depleting around the globe. With growing electricity consumption, the generation of power is posing a challenge to governments worldwide. This has led to a major concern regarding efficient utilization of electricity as an energy source. The need for conserving energy and reducing the associated environmental impacts that arise from carbon emissions has increased the demand for power-saving electronic products. The integration of power management semiconductor ICs in electronic devices reduces power consumption while augmenting the system's reliability and robustness. It increases the energy efficiency of electronic products. Moreover, the efficient power conversion process reduces CO2 emissions and energy costs, which further accelerates the demand for power management semiconductor ICs.
Further, the report states that the increased miniaturization of semiconductor electronic devices has pressurized power management semiconductor IC manufacturers to reduce the board space while maintaining manufacturing costs. This requires over 30 different high-and low-voltage circuits and analog functions are to be integrated on a single chip, increasing design complexity and the cost of manufacturing.
- Fairchild Semiconductor
- Freescale Semiconductor
- Texas Instruments
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Industry overview
PART 06: Market landscape
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Market snapshot
PART 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/skfq4n/global_power
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SOURCE Research and Markets