The automotive power management Integrated Circuit (IC) market size reached USD 539.3 Million in 2022 and is expected to register a revenue CAGR of 4.2% during the forecast period to the latest analysis by Emergen Research. The rising demand for Advanced Driver Assistance Systems (ADAS) is a key factor driving revenue growth of the market. Several factors are driving revenue growth of the automotive power management Integrated Circuit (IC) market, including increased production and sales of electric vehicles, increased adoption of 5G networks, and rising demand for PMICs in sophisticated driver assistance systems (ADAS). Automobile manufacturers increasingly regard themselves as both service providers and product manufacturers. Manufacturers are investing in a wide range of innovative mobility services in addition to developing the next generation of connected and autonomous vehicles that will improve traffic flow and safety. Moreover, technological advancements are creating improved, more efficient products which are expected to drive market revenue growth even more. For instance, in 2021, Infineon Technologies introduced TAGLE9012DQU and TLE9015DQU, two new battery management integrated circuits. The integrated circuits allow an efficient solution for monitoring and balancing battery cells. The devices are appropriate for a variety of industrial, consumer, and automotive applications, including Mild Hybrid Electric Vehicles (MHEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicles (PHEV), and Battery-powered Electric cars (BEV).
The global Automotive Power Management Integrated Circuit market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Automotive Power Management Integrated Circuit market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Analog Devices Inc., Texas Instruments Incorporated, Infineon Technologies AG, Sanken Electric Co., Ltd., SMIC, NXP Semiconductors B.V., STMicroelectronics, Allegro MicroSystems, Renesas Electronics Corporation, and Microchip Technology Incorporated
Research Report on the Automotive Power Management Integrated Circuit Market Addresses the Following Key Questions:
- Who are the dominant players of the Automotive Power Management Integrated Circuit market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Automotive Power Management Integrated Circuit market?
- What are the key growth drivers and restraining factors of the Automotive Power Management Integrated Circuit market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Automotive Power Management Integrated Circuit market and its key segments?
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Emergen Research has segmented the global Automotive Power Management Integrated Circuit market on the basis of type, type of care, and region
Segments Covered in this report are:
Vehicle Type Outlook (Revenue, USD Million; 2019–2032)
- Heavy Passenger Vehicle
- Light Passenger Vehicle
- Passenger Vehicle
Application Outlook (Revenue, USD Million; 2019–2032)
- Battery Management
- ADAS & Safety
- Body Electronics & Infotainment Systems
Regional Outlook (Revenue, USD Million; 2019–2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
In conclusion, the Automotive Power Management Integrated Circuit Market report is an exhaustive database that will help readers formulate lucrative strategies. The Automotive Power Management Integrated Circuit Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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