Power Management IC Market 2019 – By Analyzing the Performance of Various Competitors
Market Highlights Power management integrated circuit (PMIC) is an integrated circuit that aids in managing power requirements of the host system. It functions by managing the flow of power from different power sources, namely batteries, USBs, and wall adapters, while maintaining the current limit. They also help in loss of power during distribution. This way they make devices smarter and more efficient and this is one reason why they are seeing steady uptake. The wearable electronics sector is expected to experience the highest growth rate owing to growing awareness regarding good health and fitness across the globe, especially, in developing countries. Booming global automotive industry may also witness a significant growth in the market. The market is growing rapidly. With rising technological innovation, competition, and M&A activities in the industry, many local and regional vendors are offering specific application products for varied end-users. The new manufacturer e...