Latest News:- Smartphone Power Management IC Market: Premium range is expected to lead the Price segment during 2024-2028

Smartphone Power Management IC Market to grow at a CAGR of 6.07% during 2024-2028

The Smartphone Power Management IC Market is expected to grow at a CAGR of 6.07% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 887.02 million. The integration of advanced technologies in modern smartphones necessitates the inclusion of numerous features on a compact platform. Power management ICs (Integrated Circuits) are a crucial component in addressing the power management requirements of these devices. The miniaturization of semiconductor devices is a significant trend, with power management ICs and other power semiconductors being integrated as monolithic devices or systems in packages. This integration not only reduces board space but also enhances power conversion efficiency and minimizes switching losses. With electronic devices employing semiconductors featuring circuit line widths ranging from 10 nm to 20 nm, the demand for power management ICs in smartphones continues to grow. 

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The Premium range subsegment is expected to dominate the Price segment during the forecast period 

Technavio analysts predict that the Premium range subsegment will lead the Price segment during 2024 and 2028 The Smartphone Power Management IC market is experiencing significant growth due to the increasing demand for efficient power management solutions in mobile devices. Manufacturers are prioritizing power savings to extend battery life and enhance user experience. Advanced power management ICs enable dynamic voltage and frequency scaling, power gating, and power clustering, making them essential components in modern smartphones. The market is expected to continue its upward trajectory, driven by technological advancements and rising consumer expectations.

Here are the various ways based on which the market is segmented: 

• Price
  • Premium range
  • Medium range
  • Low range
• Type
  • Integrated ASSP power management ICs
  • Battery management ICs
  • Others
• Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish growing internet penetration and data traffic

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Smartphone Power Management IC Market is witnessing significant growth due to the increasing demand for low voltage regulators and motor control ICs in consumer electronic devices, including cell phones, tablets, smartwatches, and IoT devices. The integration process of Power Management ICs (PMICs) in next-gen mobile networks, such as 4G and 5G, is crucial for managing electrical power flow, voltage monitoring, and voltage safety in these devices. PMICs play a vital role in machine power management by controlling the flow of electrical current to various components in these gadgets. They ensure optimal battery life by regulating voltage levels and managing heat dissipation. Semiconductor components, such as PMICs, are essential for the proper functioning of electronic systems in portable electronics. Moreover, with the increasing popularity of connected devices, the demand for PMICs is expected to grow further. Motor control ICs, a type of PMIC, are also gaining popularity due to their application in motor-driven applications, such as electric vehicles and industrial automation. The market for PMICs is expected to grow at a CAGR of over 7% during the forecast period, driven by the increasing demand for power controls and the need for voltage monitoring and safety in portable electronics.

Market Research Overview

The Smartphone Power Management IC Market is a significant segment of the global semiconductor industry, as classified by Technavio. This market falls under the broader umbrella of the global semiconductor market, which encompasses semiconductor manufacturers producing memory, logic, analog, and micro components; optoelectronics; sensors; and discrete semiconductors. Technavio evaluates the size of the global semiconductor market based on the revenue generated from the shipment of semiconductor Integrated Circuits (ICs). Key players in this market supply ICs to Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs), with offerings ranging from those of Fab and Fabless companies, as well as Integrated Device Manufacturers (IDMs).

The Smartphone Power Management IC Market is experiencing significant growth, fueled by the growing internet penetration and data traffic. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
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