Asia Pacific Power Management IC Market Share by Size and Growth 2028

The power management IC market in Asia Pacific is expected to grow from US$ 14,992.81 million in 2021 to US$ 21,081.37 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

Usage of battery powered devices is rising substantially in various developing countries with increasing urbanization. A few portable battery-operated devices are camcorders, cameras, medical instruments, personal digital assistants, power tools, and portable GPS. For various audio and video applications, 14-channel power management integrated circuit find significant use across wireless audio, voice recognition assistant, A/V receivers, and sound bars. Smart power-management integrated circuit is widely used across camera module, optical module, and solid state drives (SSDs). A total of about 2.3 million units of DSLR cameras were shipped across the world in 2020. Rising shipments of DSLR cameras would create need for respective PMICs used in cameras in the coming years. In 2020, Renesas Electronics Corporation introduced ISL78083, a power management IC for multiple HD camera modules. In addition, the use of highly integrated PMIC is growing considerably in various portable medical devices. Since Nordic nPM1100 power management ICs offers an extremely compact form factor, their requirement is growing for various connected medical devices. As per estimations, more than 190 million healthcare IoT devices will be installed across the world by the end of 2025. Shipment of connected ear-worn devices is anticipated to be over 95 million units by 2023, which would create lucrative scope for programmable power management ICs specifically designed for ultra-low-power wearable applications. Thus, high demand for ear-worn devices further drives the market growth.

Several economies in the Asia Pacific region experienced a sharp decline in their GDP in 2020 due to sudden closedown of majority of economic activities across the country. As per the to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major countries such as India, China, Australia, and Japan, which are also experiencing inflation. India is the worst-hit country by the pandemic in this region. The limitations imposed by governments to control the spread of COVID-19 during initial time frame of the outbreak in the mentioned countries affect the production process due to restriction of limited workforce. Automotive and consumer electronics are the key sectors which contribute towards the growth of power management IC market in the region. Due to job loss or salary cut, buying capacity of the consumer reduced considerably. This impacted the sales of television sets, washing machines, air conditioners and other electronic appliances. According to Automobile Industry Associations, Indian automotive industry suffered daily loss of US$ 31,164 million approximately during 2020. However, as the economies re-opened and industries began their operations, the demand for power management ICs from various end users has started to grow gradually. India is the country where record count of vaccinations is take place. Also, with ease in earlier restrictions, companies is able to work with higher capacity.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific power management IC market. The Asia Pacific power management IC market is expected to grow at a good CAGR during the forecast period.

Asia Pacific Power Management IC Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Power Management IC Market Segmentation

Asia Pacific Power Management IC Market – By Product Type

Voltage Regulators
Motor Control
Battery Management
Multi-Channel ICs
Others

Asia Pacific Power Management IC Market – By End-Use

Automotive
Consumer Electronics
IT and Telecom
Healthcare
Industrial
Others

Asia Pacific Power Management IC Market – By Country

China
Taiwan
Japan
South Korea
Rest of APAC

Asia Pacific Power Management IC Market – Companies Mentioned

NXP Semiconductors
Analog Devices, Inc.
INFINEON TECHNOLOGIES AG
ROHM CO., LTD.
Microchip Technology Inc.
Vishay Intertechnology, Inc.
Renesas Electronics Corporation
STMicroelectronics
Texas Instruments Incorporated
Qorvo, Inc.

Asia Pacific Power Management IC Market Strategic Insights

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Asia Pacific Power Management IC Market Segmentation Analysis

Asia Pacific Power Management IC Market Report Highlights

Asia Pacific Power Management IC Report Scope

Report Attribute	Details
Market size in 2021	US$ 14,992.81 Million
Market Size by 2028	US$ 21,081.37 Million
CAGR (2021 - 2028)	5.0%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Product Type Voltage Regulators Motor Control Battery Management Multi-Channel ICs By End-Use Consumer Electronics Automotive Healthcare IT and Telecom Industrial
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	NXP Semiconductors Analog Devices, Inc. INFINEON TECHNOLOGIES AG ROHM CO., LTD. Microchip Technology Inc. Vishay Intertechnology, Inc. Renesas Electronics Corporation STMicroelectronics Texas Instruments Incorporated Qorvo, Inc.