Be the first to like this
In the post smartphone expansion era, power management ICs look to the automotive and industrial market to spur growth in 2017. Yole Development forecasts Power ICs will benefit from multiple key end markets to deliver a 3.6% compound annual growth rate (CAGR) from 2016-2022, in line with the general health of the overall semiconductor industry. The power IC market revenue, which was estimated to have been $14.5 billion U.S. dollars in 2016, which is forecast to reach $18 billion U.S. dollars in the year 2022.
In the power IC quarterly update, Yole examines the entire semiconductor industrial as five major application end markets: automotive, communications, computing, consumer, and industrial. Even though there are common quarterly growth trends amongst these five major markets such as seasonality impacted by consumer behavior, the growth rate between them are largely independent from one another. As a result, it is crucial to understand the growth and decline of each end market individually for power IC suppliers.
In the quarterly update, Yole provide the consolidated tracking information for these five major end markets and provide quarterly forecasts from Q1-2017 to Q4-2018. Furthermore, each of the major end markets are divided into sub market segments. There are a total of more than 40 sub application segments in the annual forecast period of 2017-2022.