Power Management Integrated Circuits (PMICs) control the host system's power requirements. PMIC is made up of a wide variety of chips and can be combined with battery-operated devices, such as portable media players and cell phones, to overcome space constraints. Power management ICs also handle electrical power flow and path and perform more than one task, including various power conversions and power controls under-voltage safety and voltage monitoring. Incorporating them into any equipment helps increase overall design and operational performance, providing benefits such as improved conversion and heat dissipation.
MARKET SCOPE
The "Global Smartphone Power Management IC Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the smartphone power management IC market with detailed market segmentation by price, functions, and geography. The report provides key statistics on the market status of the leading smartphone power management IC market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on price, the global smartphone power management IC market is segmented into premium range, medium range, and low range.
- On the basis of functions, the market is segmented into battery management, charging functions, and others.
MARKET DYNAMICS
Drivers:
- The introduction of emerging technology into smartphones is one of the main drivers of market development. Therefore, smartphone manufacturers are raising the size of semiconductor components as the number of functionalities increases and thus increasing the use of PMICs as they allow multiple functions to be combined into a single chip, resulting in more efficient use of board space and machine power.
- The rising trend of miniaturization among smartphone manufacturers in the forecast period would further fuel demand for PMICs.
Restraints:
- High initial cost may hinder the growth of the global smartphone power management IC market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smartphone power management IC market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smartphone power management IC market in these regions.
IMPACT OF COVID-19 ON SMARTPHONE POWER MANAGEMENT IC MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the smartphone power management IC market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from smartphone power management IC market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smartphone power management IC market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Analog Devices, Inc.
- Dialog Semiconductor
- Maxim Integrated?
- MediaTek Inc.
- NXP Semiconductors.
- Semiconductor Components Industries, LLC
- Qualcomm Technologies, Inc.
- SAMSUNG
- STMicroelectronics
- Texas Instruments Incorporated.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.