Smartphone Power Management IC Market size is set to grow by USD 5.37 bn from 2024-2028,growing internet penetration and data traffic boost the market - Technavio

Key Facts

• Technavio has announced its latest market research report titled Global Smartphone Power Management IC Market 2024-2028 For more insights on the historic (2018 - 2022) and forecast market size- Request a sample report Smartphone Power Management IC Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 7.14% Market growth 2024-2028 USD 5.37 billion Market structure Fragmented YoY growth 2022-2023 (%) 5.86 Regional analysis APAC, North America, Europe, Middle East and Africa, and South America Performing market contribution APAC at 76% Key countries US, Canada, China, South Korea, and Japan Key companies profiled Analog Devices Inc., Infineon Technologies AG, MagnaChip Semiconductor Corp., MediaTek Inc., Microchip Technology Inc., Nisshinbo Holdings Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qorvo Inc., Qualcomm Inc., Renesas Electronics Corp., Richtek Technology Corp., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp., STMicroelectronics International NV, Texas Instruments Inc., Toshiba Corp., and Diodes Inc. Segment Overview This smartphone power management ic market report extensively covers market segmentation by 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) Market segmentation by Price The Smartphone Power Management IC Market experiences significant growth due to the increasing complexity of power management requirements in consumer electronic devices, particularly in smartphones.
• The semiconductor industry faces challenges like chip shortage and heat dissipation in chip production, impacting the production and availability of power management ICs for gadgets like smartphones, tablets, smartwatches, IoT devices, wearable electronics, electric vehicles, and data centers.
• Geography Overview The Smartphone Power Management IC Market in APAC is experiencing significant growth due to the increasing popularity of portable electronics, including smartphones, tablets, smartwatches, and IoT devices, in countries like China, India, Japan, South Korea, and Taiwan.
• • The smartphone power management IC market experiences complexity due to the integration of multiple functions, including storage, data security, energy efficiency, and voltage regulators, in miniaturized electronic components.

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