Power Management IC (PMIC) Market will reach 61.33 billion by 2024 Power Management (1) | Page 4

Integrated ASSP Power Management ICs market lead the PMIC
market holding more than 25% of the total market share in
2016
Voltage regulators are largely used in the electronic circuitry of a device.
Voltage regulators are designed or used to automatically maintain voltage
at a constant level. These regulators based on their design can be used to
regulate one or more DC or AC voltages. Asia-Pacific region generated a
revenue of nearly $37 billion in 2016. Demand for motor control ICs is
increasing in sectors such as industrial, automotive, computer and
medical as well as in emerging markets such as power tools and white
goods. Motor control ICs provide advanced control capabilities for three
phase induction motors and brushless DC motors.