Europe Power Management IC Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Voltage Regulators, Motor Control, Battery Management, Multi-Channel ICs, and Others) and End-Use (Consumer Electronics, Automotive, Healthcare, IT and Telecom, Industrial, and Others)
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.
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. COVID-19 has compelled manufacturers to streamline their production processes to tackle the unexpected disruption and resolve uncertain challenges like physical distancing. Considering increasing vaccination drives, demand is expected to recover by the end of 2022 with companies investing in making operations more productive and efficient.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe power management IC market. The Europe power management IC market is expected to grow at a good CAGR during the forecast period.
Europe Power Management IC Market Revenue and Forecast to 2028 (US$ Million)
Europe Power Management IC Market Segmentation
Europe Power Management IC Market – By Product Type
- Voltage Regulators
- Motor Control
- Battery Management
- Multi-Channel ICs
- Others
Europe Power Management IC Market – By End-Use
- Automotive
- Consumer Electronics
- IT and Telecom
- Healthcare
- Industrial
- Others
Europe Power Management IC Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Power Management IC Market – Companies Mentioned
- 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. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Power Management IC Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Power Management IC Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Elevating Sales of Consumer Electronics Products
5.1.2 Raising Inclination Toward Electric Vehicles
5.2 Market Restraints
5.2.1 Restricted Availability of GaN IC Devices
5.3 Market Opportunities
5.3.1 Boosting Demand for Battery Powered Devices
5.4 Future Trends
5.4.1 Deployment of Next-Generation 5G Network
5.5 Impact Analysis of Drivers and Restraints
6. Europe Power Management IC Market Overview
6.1 Europe Power Management IC Market Overview
6.2 Europe Power Management IC Market Revenue Forecast and Analysis
7. Europe Power Management IC Market Analysis – By Product Type
7.1 Overview
7.2 Europe: Power Management IC Market, by Product Type
7.3 Voltage Regulators
7.3.1 Overview
7.3.2 Voltage regulators: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Motor Control IC
7.4.1 Overview
7.4.2 Motor control IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Battery Management IC
7.5.1 Overview
7.5.2 Battery Management IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Multi-Channel IC
7.6.1 Overview
7.6.2 Multi-Channel IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Power Management IC Market Analysis – By End Use
8.1 Overview
8.2 Europe: Power Management IC Market, by End-Use
8.3 Consumer Electronics
8.3.1 Overview
8.3.2 Consumer Electronics Market Revenue and Forecast to 2028 (US$ Million)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive Market Revenue and Forecast to 2028 (US$ Million)
8.5 Healthcare
8.5.1 Overview
8.5.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)
8.6 IT & Telecom
8.6.1 Overview
8.6.2 IT & Telecom Market Revenue and Forecast to 2028 (US$ Million)
8.7 Industrial
8.7.1 Overview
8.7.2 Industrial Market Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Power Management IC Market – Country Analysis
9.1 Overview
9.1.1 Europe: Power Management IC Market, by Key Country
9.1.1.1 France: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 France: Power Management IC Market, by Product Type
9.1.1.1.2 France: Power Management IC Market, by End-Use
9.1.1.2 Germany: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Germany: Power Management IC Market, by Product Type
9.1.1.2.2 Germany: Power Management IC Market, by End-Use
9.1.1.3 Italy: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Power Management IC Market, by Product Type
9.1.1.3.2 Italy: Power Management IC Market, by End-Use
9.1.1.4 UK: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Power Management IC Market, by Product Type
9.1.1.4.2 UK: Power Management IC Market, by End-Use
9.1.1.5 Russia: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Power Management IC Market, by Product Type
9.1.1.5.2 Russia: Power Management IC Market, by End-Use
9.1.1.6 Rest of Europe: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Power Management IC Market, by Product Type
9.1.1.6.2 Rest of Europe: Power Management IC Market, by End-Use
10. Impact of COVID-19 Pandemic on Europe Power Management IC Market
10.1 Overview
11. Industry Landscape
11.1 New Development
12. Company Profiles
12.1 NXP Semiconductors
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Analog Devices, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 INFINEON TECHNOLOGIES AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 ROHM CO., LTD.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Microchip Technology Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Vishay Intertechnology, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Renesas Electronics Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 STMicroelectronics
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Texas Instruments Incorporated
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Qorvo, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Power Management IC Market Revenue and Forecast to 2028 (US$ Million)
Table 2. France: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Power Management IC Market Segmentation
Figure 2. Europe Power Management IC Market Segmentation – By Country
Figure 3. Europe Power Management IC Market Overview
Figure 4. Europe Power Management IC Market, by Product Type
Figure 5. Europe Power Management IC Market, By Country
Figure 6. PEST Analysis – Europe
Figure 7. Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. Europe Power Management IC Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Power Management IC Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe: Power Management IC Market Revenue Share, by Product Type (2020 and 2028)
Figure 12. Voltage Regulators: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Motor control IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Battery Management IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Multi-Channel IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe: Power Management IC Market Revenue Share, by End-Use (2020 and 2028)
Figure 18. Consumer Electronics Market Revenue and Forecast to 2028(US$ Million)
Figure 19. Automotive Market Revenue and Forecast to 2028(US$ Million)
Figure 20. Healthcare Market Revenue and Forecast to 2028(US$ Million)
Figure 21. IT & Telecom Market Revenue and Forecast to 2028(US$ Million)
Figure 22. Industrial Market Revenue and Forecast to 2028(US$ Million)
Figure 23. Others Market Revenue and Forecast to 2028(US$ Million)
Figure 24. Geographic Europe Overview of Power Management IC Market
Figure 25. Europe: Power Management IC Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. France: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Germany: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Russia: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Europe: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
- 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.
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