South America Power Management IC Market Share by Size and Growth 2028

The power management IC market in South America is expected to grow from US$ 1,656.83 million in 2021 to US$ 2,201.71 million by 2028; it is estimated to grow at a CAGR of 4.1% 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.

In the South America region, Brazil was the worst hit country followed by Ecuador, Chile, Peru, and Argentina in 2020. To curb the spread of the virus, all economic activities in the region were halted partially. COVID-19 pandemic severely affected the sales of automobiles, consumer electronics products and home appliances in the region. Lockdowns imposed in various cities had compelled production plant operators to suspend their operation temporarily, which has led to the discontinuation in the demand for electronic parts during Q2 and Q3 of 2020. Hence, during that period, the power management IC market experienced decline in demand for respective end users. The long-term demand prospects are expected to show remarkable growth with growing requirement for new edge technologies, including machine learning, AI deep learning, machine vision and 3D printing. These factors are anticipated to create favorable market growth in the next 3 to 4 years.

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 South America power management IC market. The South America power management IC market is expected to grow at a good CAGR during the forecast period.

South America Power Management IC Market Revenue and Forecast to 2028 (US$ Million)

South America Power Management IC Market Segmentation

South America Power Management IC Market – By Product Type

Voltage Regulators
Motor Control
Battery Management
Multi-Channel ICs
Others

South America Power Management IC Market – By End-Use

Automotive
Consumer Electronics
IT and Telecom
Healthcare
Industrial
Others

South America Power Management IC Market – By Country

Brazil
Argentina
Rest of SAM

South 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.

South America Power Management IC Market Strategic Insights

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South America Power Management IC Market Segmentation Analysis

South America Power Management IC Market Report Highlights

South America Power Management IC Report Scope

Report Attribute	Details
Market size in 2021	US$ 1,656.83 Million
Market Size by 2028	US$ 2,201.71 Million
CAGR (2021 - 2028)	4.1%
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 & Telecom Industrial
Regions and Countries Covered
South and Central America	Brazil, Argentina, Rest of South and Central America
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.