The automotive power management Integrated Circuit (IC) market size reached USD 539.3 Million in 2022 and is expected to register a revenue CAGR of 4.2% during the forecast period to the latest analysis by Emergen Research. The rising demand for Advanced Driver Assistance Systems (ADAS) is a key factor driving revenue growth of the market. Several factors are driving revenue growth of the automotive power management Integrated Circuit (IC) market, including increased production and sales of electric vehicles, increased adoption of 5G networks, and rising demand for PMICs in sophisticated driver assistance systems (ADAS). Automobile manufacturers increasingly regard themselves as both service providers and product manufacturers. Manufacturers are investing in a wide range of innovative mobility services in addition to developing the next generation of connected and autonomous vehicles that will improve traffic flow and safety. Moreover, technological advancements are creating improved, more efficient products which are expected to drive market revenue growth even more. For instance, in 2021, Infineon Technologies introduced TAGLE9012DQU and TLE9015DQU, two new battery management integrated circuits. The integrated circuits allow an efficient solution for monitoring and balancing battery cells. The devices are appropriate for a variety of industrial, consumer, and automotive applications, including Mild Hybrid Electric Vehicles (MHEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicles (PHEV), and Battery-powered Electric cars (BEV).

Some of the key factors driving the growth of the global Automotive Power Management Integrated Circuit market include expanding R&D efforts to develop novel Automotive Power Management Integrated Circuit products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.

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Effect of COVID-19 on the global market for Automotive Power Management Integrated Circuit

The COVID-19 pandemic had a significant negative influence on the market for Automotive Power Management Integrated Circuit in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Automotive Power Management Integrated Circuit were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Automotive Power Management Integrated Circuit in 2020. Additionally, demand for Automotive Power Management Integrated Circuit decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Automotive Power Management Integrated Circuit market : Competitive Landscape

The prominent players operating in the Automotive Power Management Integrated Circuit market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Automotive Power Management Integrated Circuit market .

Some of the prominent players operating in the market are:

Analog Devices Inc., Texas Instruments Incorporated, Infineon Technologies AG, Sanken Electric Co., Ltd., SMIC, NXP Semiconductors B.V., STMicroelectronics, Allegro MicroSystems, Renesas Electronics Corporation, and Microchip Technology Incorporated

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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Key questions answered in the report:

What will be the development pace of Automotive Power Management Integrated Circuit market ?

What are the key factors driving the Global Automotive Power Management Integrated Circuit market ?

Who are the key manufacturers in the market space?

What are the openings, hazards, and outline of the market?

What is sales, revenue, and price analysis of top manufacturers of Automotive Power Management Integrated Circuit market ?

Who are the distributors, traders, and dealers of Automotive Power Management Integrated Circuit market ?

What are the Automotive Power Management Integrated Circuit market opportunities and threats faced by the vendors in the Global Automotive Power Management Integrated Circuit industries?

What are deals, incomes, and value examinations by types and utilizations of the market?

What are deals, income, and value examinations by areas of enterprises?

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Segments Covered in this report are:

• Vehicle Type Outlook (Revenue, USD Million; 2019–2032)
  • Heavy Passenger Vehicle
  •  
  • Light Passenger Vehicle
  •  
  • Passenger Vehicle
•  
• Application Outlook (Revenue, USD Million; 2019–2032)
  • Telematics
  •  
  • Battery Management
  •  
  • ADAS & Safety
  •  
  • Powertrain
  •  
  • Body Electronics & Infotainment Systems
•  
• Regional Outlook (Revenue, USD Million; 2019–2032)
  • North America
    1. U.S.
    2.  
    3. Canada
    4.  
    5. Mexico
  •  
  • Europe
    1. Germany
    2.  
    3. France
    4.  
    5. U.K.
    6.  
    7. Italy
    8.  
    9. Spain
    10.  
    11. Benelux
    12.  
    13. Rest of Europe
  •  
  • Asia Pacific
    1. China
    2.  
    3. India
    4.  
    5. Japan
    6.  
    7. South Korea
    8.  
    9. Rest of APAC
  •  
  • Latin America
    1. Brazil
    2.  
    3. Rest of LATAM
  •  
  • Middle East & Africa
    1. Saudi Arabia
    2.  
    3. UAE
    4.  
    5. South Africa
    6.  
    7. Turkey
    8.  
    9. Rest of MEA

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Regional Bifurcation of the Automotive Power Management Integrated Circuit market Includes:

• North America (U.S., Canada)
•  
• Europe (U.K., Italy, Germany, France, Rest of EU)
•  
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
•  
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
•  
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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