North America Power Management IC Market

The power management IC market in North America is expected to grow from US$ 8,389.24 million in 2021 to US$ 12,439.66 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.

The continuous growth in the number of virus-infected patients compelled government authorities to impose stringent lockdowns across the U.S. and other regions for the first three quarters of 2020. The manufacturing sector witnessed severe losses due to temporary factory shutdowns and low production volumes, which hindered the growth of automotive, electronics & semiconductor and retail sectors. Moreover, the social or physical distancing measures put limitations on the operations of logistics and other service providers. Owing to the COVID-19 infection, lower-income and old buyers seemed to be less optimistic towards expenditure on non-essentials and their spending declined by around 9 percent in 2020 as compared to 2019. This impacted the sales of various consumer electronics products such as smart watches, wearable, fitness trackers etc. In the United States, assembly plant closures affected the market from supply side. However, during the Q3 of 2020, the industries started to open, hence once again the supply chain resumed its operations. Therefore, the effects of COVID-19 pandemic had weakened the North America's power management IC market; however, the market experienced positive impact as the demand for power management IC started growing in the US as the end user industries started their operations from Q3 of 2020.

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 North America power management IC market. The North America power management IC market is expected to grow at a good CAGR during the forecast period.

North America Power Management IC Market Revenue and Forecast to 2028 (US$ Million)  

 

North America Power Management IC Market Segmentation

North America Power Management IC Market – By

Product Type

• Voltage Regulators
• Motor Control
• Battery Management
• Multi-Channel ICs
• Others

North America Power Management IC Market – By End-Use

• Automotive
• Consumer Electronics
• IT and Telecom
• Healthcare
• Industrial
• Others

North America Power Management IC Market – By

Country

• US
• Canada   
• Mexico

North America 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.

North America Power Management IC Strategic Insights

Strategic insights for the North America Power Management IC provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Power Management IC Report Scope

North America Power Management IC Regional Insights

The geographic scope of the North America Power Management IC refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.