Power Management IC Market Power Management IC (PMIC) Market Forecast, 2016-2 | Page 4

Consumer Electronics end-user exploration will witness
the fastest CAGR of 6.7% during the forecast period
Consumer Electronics end-user in PMIC market holds the
revenue of 10.49 billion in 2016. Power management ICs are
penetrating the consumer electronics industry with
advancements of new technologies. PMICs are generally used in
devices such as portable music players and mobile phones.
PMICs are used to manage power usage efficiently in such
devices. The major factor contributing to the growth of PMICs in
consumer electronics is global sales of smartphones, tablets,
laptops and PCs. PMICs allow the usage of portable devices for a
longer period due to efficient use of power. Other areas where
PMICs are used comprises household appliances such as
refrigerators, washing machines, televisions and camcorders.
Inclusion of PMICs in electronic devices has helped in the
efficient usage of power and to increase the life of devices.