North America Power Management IC Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Voltage Regulators, Motor Control, Battery Management, Multi-Channel ICs, and Others) and End-Use (Consumer Electronics, Automotive, Healthcare, IT and Telecom, Industrial, and Others)
The power management IC market in North America is expected to grow from US$ 8,389.24 million in 2021 to US$ 12,439.66 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.
Demand for consumer electronics products is increasing remarkably across the region. A few of the popular consumer electronics products are mobile phones, laptops, television sets, and tablets. Requirement for home appliances, such as washing machine, air conditioners, refrigerators, dish washers, and refrigerator, is growing substantially. In a mobile phone, power management integrated circuit (PMIC) handles most of the power-supply needs and other blocks, such as audio or interface. The growing demand for mobile phones enhances the requirement for cellular phone power management ICs. Texas Instruments Incorporated and Analog Devices, Inc. offer high quality PMICs for various mobile phones. Due the COVID-19 pandemic, many companies gave work from home to most of their employees wherever it was possible. Also, educational classes, fitness classes, and dance classes are on online platforms. All such developments increased the need for laptops and personal computers across the world. The unit shipments of the PC vendor Lenovo were above 19 million units across the globe in the third quarter of 2021. Rising number of shipments drives the requirement for monolithic PMICs used in laptops. Increasing utility of power management ICs in application/multimedia processors and sub-systems is another market driving factor. Newly launched power management solutions feature low dropouts (LDOs) and multiple outputs employing DC-DC converters. In 2020, more than 195 million notebook units were shipped across the world, and the figure is estimated to increase to over 210 million units by the end of 2021. The growing sales of notebook units drives the demand for respective notebook chipset power management ICs. Therefore, the rapidly growing demand for consumer products in various developing countries across the region propels the growth of the power management IC market.
The continuous growth in the number of virus-infected patients compelled government authorities to impose stringent lockdowns across the U.S. and other regions for the first three quarters of 2020. The manufacturing sector witnessed severe losses due to temporary factory shutdowns and low production volumes, which hindered the growth of automotive, electronics & semiconductor and retail sectors. Moreover, the social or physical distancing measures put limitations on the operations of logistics and other service providers. Owing to the COVID-19 infection, lower-income and old buyers seemed to be less optimistic towards expenditure on non-essentials and their spending declined by around 9 percent in 2020 as compared to 2019. This impacted the sales of various consumer electronics products such as smart watches, wearable, fitness trackers etc. In the United States, assembly plant closures affected the market from supply side. However, during the Q3 of 2020, the industries started to open, hence once again the supply chain resumed its operations. Therefore, the effects of COVID-19 pandemic had weakened the North America's power management IC market; however, the market experienced positive impact as the demand for power management IC started growing in the US as the end user industries started their operations from Q3 of 2020.
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 North America power management IC market. The North America power management IC market is expected to grow at a good CAGR during the forecast period.
North America Power Management IC Market Revenue and Forecast to 2028 (US$ Million)
North America Power Management IC Market Segmentation
North America Power Management IC Market – By Product Type
- Voltage Regulators
- Motor Control
- Battery Management
- Multi-Channel ICs
- Others
North America Power Management IC Market – By End-Use
- Automotive
- Consumer Electronics
- IT and Telecom
- Healthcare
- Industrial
- Others
North America Power Management IC Market – By Country
- US
- Canada
- Mexico
North America 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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Power Management IC Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Power Management IC Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Sales of Consumer Electronics Products
5.1.2 Surging Inclination Toward Electric Vehicles
5.2 Market Restraints
5.2.1 Confined Availability of GaN IC Devices
5.3 Market Opportunities
5.3.1 Raising Demand for Battery Powered Devices
5.4 Future Trends
5.4.1 Deployment of Next-Generation 5G Network
5.5 Impact Analysis of Drivers and Restraints
6. North America Power Management IC Market Overview
6.1 North America Power Management IC Market Overview
6.2 North America Power Management IC Market Revenue Forecast and Analysis
7. North America Power Management IC Market Analysis – By Product Type
7.1 Overview
7.2 North America: Power Management IC Market, by Product Type
7.3 Voltage Regulators
7.3.1 Overview
7.3.2 Voltage regulators: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Motor Control IC
7.4.1 Overview
7.4.2 Motor control IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Battery Management IC
7.5.1 Overview
7.5.2 Battery Management IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Multi-Channel IC
7.6.1 Overview
7.6.2 Multi-Channel IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Power Management IC Market Analysis – By End-Use
8.1 Overview
8.2 North America: Power Management IC Market, by End-Use
8.3 Consumer Electronics
8.3.1 Overview
8.3.2 Consumer Electronics Market Revenue and Forecast to 2028 (US$ Million)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive Market Revenue and Forecast to 2028 (US$ Million)
8.5 Healthcare
8.5.1 Overview
8.5.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)
8.6 IT & Telecom
8.6.1 Overview
8.6.2 IT & Telecom Market Revenue and Forecast to 2028 (US$ Million)
8.7 Industrial
8.7.1 Overview
8.7.2 Industrial Market Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecast to 2028 (US$ Million)
9. North America Power Management IC Market – Country Analysis
9.1 Overview
9.1.1 North America: Power Management IC Market, by Key Country
9.1.1.1 US: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Power Management IC Market, by Product Type
9.1.1.1.2 US: Power Management IC Market, by End-Use
9.1.1.2 Canada: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Power Management IC Market, by Product Type
9.1.1.2.2 Canada: Power Management IC Market, by End-Use
9.1.1.3 Mexico: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Power Management IC Market, by Product Type
9.1.1.3.2 Mexico: Power Management IC Market, by End-Use
10. Impact of COVID-19 Pandemic on North America Power Management IC Market
10.1 Overview
11. Industry Landscape
11.1 New Development
12. Company Profiles
12.1 NXP Semiconductors
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Analog Devices, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 INFINEON TECHNOLOGIES AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 ROHM CO., LTD.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Microchip Technology Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Vishay Intertechnology, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Renesas Electronics Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 STMicroelectronics
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Texas Instruments Incorporated
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Qorvo, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Power Management IC Market Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Power Management IC Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Power Management IC Market, by End-Use –Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Power Management IC Market Segmentation
Figure 2. North America Power Management IC Market Segmentation – By Country
Figure 3. North America Power Management IC Market Overview
Figure 4. North America Power Management IC Market, by Product Type
Figure 5. North America Power Management IC Market, By Country
Figure 6. PEST Analysis – North America
Figure 7. Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. North America Power Management IC Market Impact Analysis of Drivers and Restraints
Figure 10. North America Power Management IC Market Revenue Forecast and Analysis (US$ Million)
Figure 11. North America: Power Management IC Market Revenue Share, by Product Type (2020 and 2028)
Figure 12. Voltage Regulators: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Motor control IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Battery Management IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Multi-Channel IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America: Power Management IC Market Revenue Share, by End-Use (2020 and 2028)
Figure 18. Consumer Electronics Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Automotive Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Healthcare Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. IT & Telecom Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Industrial Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Geographic Overview of North America Power Management IC Market
Figure 25. North America: Power Management IC Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. US: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Canada: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Mexico: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in North American Country Markets
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America power management IC market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the power management IC market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution