Integrated Circuit Market To Reap Excessive Revenues By 2018 - 2026
Providers of power management integrated circuit (PMIC) solutions have been tapping into the wide cross-section of demands for ICs in space-constrained applications. Revenue streams in the power management ICs market stem from the need for high-power density and a configurable power management design in computationally intensive platforms, notes Transparency Market Research. Key players have been seeing new opportunities from the constant flux of wearable, sensors, and internet of things devices in several industry verticals. They are quick to unveil solutions that increase programmability, maximize performance per watt, and reduce power dissipation. Some of the companies who have been at the forefront of the revenues in the PMIC market are Maxim Integrated Products, Texas Instruments, Inc., ON Semiconductor Corporation, Mitsubishi Electric Corporation, STMicroelectronics N.V., and Analog. The global PMIC market is projected to climb to US$ 56.48 bn by the end 2026, cl...