Voltage Regulators Segment to dominate South America Power Management IC Market during 2020–2028

According to a new market research study on “South America Power Management IC Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and End-Use,” is expected to reach US$ 2,201.71 million by 2028 from US$ 1,656.83 million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The report provides trends prevailing in the South America power management IC market along with the drivers and restraints pertaining to the market growth. Prospering demand for battery powered devices, fostering sales of consumer electronics products, and deployment of next-generation 5G network are the major factor driving the growth of the South America power management IC market. However, less availability of GaN IC devices hinders the growth of South America power management IC market.

In the South America region, Brazil was the worst hit country followed by Ecuador, Chile, Peru, and Argentina in 2020. To curb the spread of the virus, all economic activities in the region were halted partially. COVID-19 pandemic severely affected the sales of automobiles, consumer electronics products and home appliances in the region. Lockdowns imposed in various cities had compelled production plant operators to suspend their operation temporarily, which has led to the discontinuation in the demand for electronic parts during Q2 and Q3 of 2020. Hence, during that period, the power management IC market experienced decline in demand for respective end users. The long-term demand prospects are expected to show remarkable growth with growing requirement for new edge technologies, including machine learning, AI deep learning, machine vision and 3D printing. These factors are anticipated to create favorable market growth in the next 3 to 4 years.

The South America power management IC market is segmented on the basis of product type, end-use, and country. Based on product type, the market is segmented into voltage regulators, motor control, battery management, multi-channel ICs, and others and others. In 2020, voltage regulators segment held the largest share in the market, battery management is expected to be the fastest growing segment during the forecast period. Based on end-use, the market is segmented into automotive, consumer electronics, IT and telecom, healthcare, industrial, and others. In 2020, consumer electronics segment held the largest share in the market, automotive is expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into the Brazil, Argentina, and Rest of SAM. In 2020, Brazil held the largest share in the market, and It is also expected to be the fastest growing country during the forecast period.

NXP Semiconductors; Analog Devices, Inc.; INFINEON TECHNOLOGIES AG; ROHM CO., LTD.; Microchip Technology Inc.; Vishay Intertechnology, Inc.; Renesas Electronics Corporation; STMicroelectronics; Texas Instruments Incorporated; and Qorvo, Inc. are among the leading companies in the South America power management IC market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Texas Instruments Incorporated is constructing a new plant in Richardson, where it is going to produce PMICs for various industry verticals. These PMICs would be available through retailers like Mouser and Arrow.

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