NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, “Automotive Power Management IC Market – A Global and Regional Analysis: Focus on Product, Application, and Country Analysis – Analysis and Forecast, 2022 –2031” – https://www.reportlinker.com/p06362930/?utm_source=GNW
Globally networked vehicles are leading the automotive industry into a new era. Vehicles are used with extensive sensor platforms that generate huge amounts of data from different systems such as LIDAR, telematics control units or OBD-II interfaces.
At the same time, the advent of 5G and its underlying low-latency, high-bandwidth V2X technology is enabling dozens of new automotive use cases.
The market for automotive power management ICs is in the growth phase. The implementation of power management ICs in electric vehicles is increasing.
As a result, the market is expected to prosper over the forecast period.
The market for automotive power management ICs is driven by several factors, including increasing production and sales of electric cars, increasing implementation of 5G networks, and increasing demand for PMICs in advanced driver assistance systems (ADAS).
Automobile manufacturers increasingly see themselves both as service providers and as manufacturers of products. In addition to creating the next generation of connected and autonomous vehicles that improve traffic flow and safety, manufacturers are investing in a wide range of innovative mobility services.
Effects of COVID-19
COVID-19 caused disruptions in the semiconductor industry supply chain. It had short- and long-term impact on the automotive power management IC market.
The environment for semiconductor operations is quite complex. Suppliers and partners around the world need many raw materials for assembly, testing, packaging and equipment.
The growing use of the Internet is benefiting the market for automotive power management ICs. As the market is predominantly driven by the expansion of auto sales and production, the impact of the COVID-19 pandemic on the automotive power management IC market was inevitable.
Due to the repeated lockdowns and closures of manufacturing units, the production and sales of cars slowly increased in different parts of the world.
Segmentation 1: by application
• ADAS and Security
• Battery management
• Body electronics and infotainment systems
• Power train
Due to the increasing demand for electric vehicles, the ADAS and security segment is expected to dominate the automotive power management ICs market during the forecast period 2022-2031.
Segmentation 2: by vehicle type
• Passenger cars
• Light commercial vehicles
• Heavy commercial vehicles
In terms of vehicle type, the automotive power management IC market is expected to be dominated by the passenger car segment.
Segmentation 3: by input voltage
• 6 to 32 volts
Automotive power management ICs with a power range of 6-32V are expected to dominate the market during the forecast period. This segment is expected to grow at moderate rates between 2021 and 2031.
Segmentation 4: by mounting type
• Plated Through Hole (PTH)
• Surface mount (SMT)
Due to the rising demand for surface mount ICs in vehicles, the surface mount assembly (SMT) segment is expected to dominate the automotive power management ICs market during the forecast period.
Segmentation 5: by region
• North America
• Asia Pacific and Japan
• South America
• Middle East and Africa
Europe generated the highest revenue at $1.23 billion in 2021, driven by increased EV sales in the Europe region. The automotive power management ICs market is attractive in Europe due to the availability of various market segments.
Recent developments in the automotive power management IC market
• In June 2022, Renesas Electronics Corporation released the ISL78083, a power management IC (PMIC) aimed at simplifying power supply design for use in multiple HD camera modules, development cycles, bill of materials (BOM) costs and risks to reduce in the supply chain.
• In June 2021, Microchip expanded its broad portfolio of dsPIC33C DSCs to cover the large memory segment with the new ISO 26262 compliant dsPIC33CK1024MP7xx family. This new family of dsPIC33C DSCs with 1MB Flash enables applications running automotive software such as AUTOSAR, OS, MCAL drivers, ISO 26262 functional safety diagnostics and safety libraries. The dsPIC33 DSC family also includes a high-performance deterministic central processing unit (CPU) and specialized peripherals for general-purpose automotive, advanced sensing and control, digital power, and motor control applications.
• In April 2021, STMicroelectronics released a new fully integrated power management IC (PMIC) for AMOLED displays that combines low quiescent current and improved flexibility to extend battery life in portable devices.
• In April 2021, Infineon Technologies AG introduced a new family of battery management ICs, including TLE9012DQU and TLE9015DQU. The ICs enable an optimized solution for battery cell monitoring and balancing. The devices are suitable for a variety of industrial, consumer and automotive applications such as: B. Mild Hybrid Electric Vehicle (MHEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV) and Battery Electric Vehicle (BEV).
Demand – Drivers and Constraints
The following are the demand drivers for the Automotive Power Management ICs market:
• Increase in sales of electric vehicles
• Increasing demand for driver assistance systems (ADAS)
The market is also expected to face some limitations due to the following challenge:
• Thermal challenges for the power supply of high-current rails
How can this report add value to an organization?
Product/Innovation Strategy: Increasing demand for cooling batteries and high-temperature parts in electric vehicles is driving the growth of the automotive power management IC market. Therefore, the automotive power management IC market business is a high-investment, high-revenue model.
Growth/Marketing Strategy: The automotive power management ICs market is an exponentially growing market that presents tremendous opportunities for market participants. Some of the strategies covered in this segment are product launches, partnerships and collaborations, business expansions and investments.
The companies’ preferred strategy has been product launches, partnerships and collaborations to strengthen their position in the global automotive power management ICs market.
Competitive Strategy: Among the key players operating in the Automotive Power Management IC market analyzed and profiled in the study are Automotive Power Management IC market-based product manufacturers, offering raw or processed products. Additionally, a detailed competitive benchmarking of the players active in the Automotive Power Management IC market has been prepared to help the reader understand how players compete against each other and presents a clear landscape of the market.
Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations help the reader to understand the untapped revenue streams in the market.
Summary of key market players and competition
The profiled companies were selected based on input collected from primary experts that analyzed company coverage, product portfolio and market penetration.
The top segment players leading the automotive power management ICs market include private companies occupying approximately 30% of the market share, while public companies capture approximately 70% of the market share.
Some of the prominent names that have established themselves in this market are:
Company type 1: Private company
• Power Clinic Inc.
• Silergy Corp.
• Lion semiconductors
• TOREX USA Corp.
• Rantle East Electronic Trading Co., Limited
Company type 2: public companies
• Texas Instruments Incorporated
• Analog Devices Inc.
• NXP Semiconductors BV
• Infineon Technologies AG
• Sanken Electric Co.,Ltd.
• Allegro MicroSystems
• Microchip Technology Incorporated
• Renesas Electronics Corporation
• Cypress Semiconductor Corporation
• Qualcomm Technologies, Inc.
• Rutronik Electronic Components GmbH
• Maxim integrated
Companies that are not part of the above pool have been well represented in various sections of the report (where applicable).
• North America
• South America
• Rest of South America
• Great Britain
• Rest of Europe
• Middle East and Africa (MEA)
• Asia Pacific and Japan
• South Korea
• Rest of Asia Pacific
Read the full report: https://www.reportlinker.com/p06362930/?utm_source=GNW
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