Europe Power Management IC Market Major Manufacturers, Trends, Demand, Share Analysis to 2028

The power management IC market in Europe is expected to grow from US$ 11,342.18 million in 2021 to US$ 17,503.59 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.

The adoption of electric vehicles is growing tremendously across the region. Sales of electric vehicles (EVs) have increased in the Europe markets. The Power management plays a significant role with respect to the efficiency of the device, be it an ultra-low-power wireless sensor network or automotive high-voltage power converter. With a rise in requirement for proper power management, companies are looking at manufacturing customized power management integrated chips. The stringent emission norms in European countries are driving the demand for electric vehicles to a notable extent. Thus, respective policies, norms, incentives, and subsidies promote the sales of electric vehicles across the region. A PMIC is widely used in various automotive applications, such as ADAS, infotainment, battery management, navigation, telematics, and automotive cluster. Thus, rising sales for electric vehicles drive the demand for highly integrated system PMIC for applications requiring up to 8.5 A and high power PMIC used in quad-core processors up to 12 A. The automotive sector is a major contributor in the growth of the power management IC market across the region

📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/TIPRE00027100

The impact of COVID-19 differed from country to country across the Europe region as selected countries experienced an increase in the number of recorded cases and subsequently attracted strict and more extended lockdown periods or social isolation. Germany, Italy, United Kingdom, Russia, and France are the countries that were most affected by various restrictions and limitations. The European automotive industry was severely hit and experienced a decline of over 20 percent in overall automotive production due to stringent supply chain disruption caused by imposed lockdowns. The automotive industry is one of the largest market for power management ICs. However, with the increasing demand for electric vehicles in the region, the outlook post COVID for the automotive industry seems to be favorable. With decreased income level, buyers opted to purchase necessities such as household goods and groceries instead of non-essential, big-ticket purchases like home theatres and LCD TVs. Other sectors that deploy power management ICs such as electric/electronics, manufacturing & construction, telecommunication network, also experienced a weak demand.

📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/europe-power-management-ic-market

 


𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

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) 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

The European PMIC Market: A Hotbed of Innovation

The European PMIC market is witnessing significant growth, driven by the strong demand from the automotive sector. European semiconductor companies are investing heavily in research and development to create innovative PMIC solutions that meet the evolving needs of the EV market.

The region's strong automotive industry, coupled with its focus on technological innovation, makes it a leading hub for PMIC development. European companies are developing advanced PMICs that offer:

  • High Efficiency: To minimize power losses and maximize battery range.
  • High Integration: To reduce the size and cost of electronic systems.
  • Advanced Safety Features: To meet stringent automotive safety standards.
  • Robustness and Reliability: To withstand harsh operating conditions.

The Future of PMICs in the European EV Landscape

The future of the European PMIC market is inextricably linked to the continued growth of the EV sector. As EV adoption accelerates, the demand for advanced PMICs will continue to rise.

Several key trends are expected to shape the future of the market:

  • Increased Integration: PMICs will become increasingly integrated, combining multiple functions into a single chip.
  • Higher Power Density: PMICs will be designed to deliver more power in smaller packages.
  • Enhanced Safety and Reliability: PMICs will incorporate advanced safety features and be designed for long-term reliability.
  • Focus on Efficiency: PMIC design will prioritize energy efficiency to maximize battery range.
  • Smart Power Management: PMICs will incorporate intelligent features, such as adaptive voltage scaling and dynamic power management.

The European PMIC market is poised for significant growth in the coming years, driven by the electric vehicle revolution. As the automotive industry continues its transition towards electrification, PMICs will play an increasingly critical role in ensuring the efficient, reliable, and safe operation of EVs. By investing in research and development and fostering innovation, European companies are well-positioned to capitalize on this growing market and contribute to the sustainable future of transportation. The collaboration between automotive manufacturers and semiconductor companies is crucial to advance the technology needed to power the next generation of electric vehicles. The power that is being managed by these PMIC's is the very core of the EV revolution.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications


 

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