China, 300mm, societal impacts, and important strategic decisions are shuffling the cards in the power IC industry.
Key features of the report
- Overview of the main applications for power management devices, along with their drivers and future trends (ADAS, EV, IoT, 5G, etc)
- Forecasts 2018-2024 by application and by component type in M$
- Analysis of the power management supply chain and ecosystem, along with latest mergers and acquisitions
- Market shares for the main power management products
- Foundry vs IDM business models
- Insights regarding key technology trends
Objectives of the report
- Provide a general power management overview by application: automotive & transportation, mobile & consumer, medical, industrial, computing and telecom & infrastructure
- Understand the market dynamics for Power Management IC applications
- Provide a breakdown of the market by type of component, including switching regulators, LDOs, Battery Management ICs, Multi-channel Power Management ICs, and other power ASICs
- Provide an overall view of the competitive landscape of the power management IC market
- Furnish the key power management players’ dynamics and market shares
Table of Content
Scope of the report 5
What it is included? 8
Report methodology 12
Companies cited in this report 14
3 page summary 15
Executive summary 19
Market forecasts 58
- Overall power electronics market
- Power IC market by segment
- Power IC by product
Market trends 72
- Automotive & transportation
- Mobile & consumer
- Telecom & infrastructure
Market shares and supply chain 130
- Supply Chain 131
- Key power electronics players
- Power management landscape
- Supply chain analysis: PMIC business models
- IDM vs foundry
- Focus on foundry business model for PMIC
- Power IC BCD facilities: 200mm to 300mm
- Supply chain and business models
- Market shares by product
- M&A, collaborations, fundraising
Technology trends 164
- Main products
- Challenges and innovation axes
- Isolation 189
- Node evolution 204
- Performance 210
- Integration 219
Related reports 247
How to use our data? 248
Yole Développement presentation 249
POWER MANAGEMENT MARKET: DRIVEN BY SOCIETAL IMPACTS AND STRATEGIC DECISIONS
At first sight, we would think that the power management segment is well established, with $19B market in 2018, a well-known technology and confirmed players. However, if we have an in-depth look at its current status, we see that many things are about to change, and we have seen two main areas of evolution: societal impacts and strategic decision making.
To talk about societal impacts, what would be better than taking China as an example? The country has been experiencing an environmental conscience change for some time now. The decrease in CO2 emissions and in power consumption has become a major focus for the government, leading to big subventions for energy savings. Moreover, the country is also focused on having the maximum number of “made in China” products. Power management has become such an important piece of the puzzle leading to decreased power consumption that it is expected an increased number of Chinese companies will be implementing their own PMICs. It is already the case at a foundry level, where many Chinese fabs re-use their 8-inch equipment (before used for CMOS processes) for BCD (Bipolar-CMOS-DMOS) processes.
As regards strategic decisions, we refer to major company actions to further push their market share and revenue. For instance, the ownership of the technology by a major end-user is key for high performing products at an affordable cost. This is the case of the recent licensing of Dialog Semiconductor products to Apple. In fact, Apple decided to stop subcontracting Dialog for their PMICs and to invest about $600M to license the PMIC technology from Dialog and to take the knowledge of the technology design with them. This allows Apple to no longer be a fabless for their power management products. We note that in the past, Apple did the same for other products that they use for their phones, tablets and laptops, so little by little the company is taking ownership and controlling their full supply chain. Who will be next?
In this report you will find more about other strategic decisions, mergers and acquisitions that have been done in the last few years.
MANY APPLICATIONS ARE PUSHING POWER MANAGEMENT PRODUCTS
The power management market is expected to grow to $21.3B by 2024, with a CAGR2018-2024 of 1.9%. This is due to the fact that every electronic component needs to be controlled and powered, irrespective of the required voltage level or the final application.
The major growth markets for power management are automotive & transportation and industrial. Automotive & transportation is forecast to grow with a CAGR2018-2024 of 4.3%, being driven by the introduction of ADAS as well as by electrification. As it is expected that more and more sensors and cameras will be introduced into the car in the coming years with the increase of autonomy, the number of power management products will likewise increase. Similarly with car electrification, which will require increased power management due to the inverter content as well as for the battery system. In the industrial segment, increased efficiency and lower power consumption is required, which is driving new regulations for motor drives and expansion of green energies, resulting in a 4.6% CAGR2018-2024, to reach $4B by 2024.
With regard to power management growth, IoT expansion must also be taken into account as specific PMICs will be included in the different emitter products, as well as it will also impact the data centres (to be able to cope with the high amounts of information in the cloud). These will influence, for example, the medical market, which will increase power management content due to medical wearables and connected healthcare, both being used as preventive systems.
In this report, Yole Développement focuses on six main applications for power management: mobile & consumer, automotive & transportation, telecom & infrastructure, medical, industrial and computing; including general market trends for each of them.
STANDARD OR SPECIFIC PMIC: 300MM VS TECHNOLOGY DESIGN
The power management products are differentiated by standard PMIC components (Vreg, Vsw, etc.) and specific PMICs (including various functionalities in a single IC). The first market is highly competitive with a high focus on cost, whereas the second has a high focus on performance and energy savings.
In the same scope of strategic decisions that we discussed earlier, in order to increase margin and benefits without acquiring a company, the shift to 300mm is another obvious choice for any big manufacturer that can afford it. This is the case for Texas Instruments or Infineon a few years ago with the shift to 300mm for BCD technologies, Infineon building a new 300mm fab in Villach), as well as other actors, such as ST (currently also building new 300mm fab), or ON Semiconductor’s deal with Global Foundries’ 300mm fab. Foundries are also using 300mm for PMICs, as is the case for TSMC, TowerJazz and UMC, who last year acquired Fuji’s 300mm. All these huge investments are not only focused on PMICs but on the full power product package. In this way, the “big fishes” will become even larger while small players will have to take other actions to retain a share of the market.
In the case of the special PMICs, the key is on the product design. We can think of a Battery Management IC, where the device has to efficiently monitor and control the cells of a battery. In this case, the highest performance and the lowest losses are required, and the market will be ruled by the player with the best technology. Let us take the example of Linear Technology: the company had in-depth knowledge in mixed signals, and Analog Devices (which had a good ranking in standard PMICs) took advantage of the acquisition to enlarge its portfolio of offerings in specific PMICs. Another example is on big OEMs (such as Apple) which are changing their business model, being their own PMIC suppliers and positioning themselves as one of the larger worldwide PMIC manufacturer. More key deals have been made in recent years and we expect they are not over…
In this report, a global view of the landscape and the supply chain, including mergers and acquisitions, can be found.
Alpha and Omega Semiconductor, Analog Devices, Apple, Dialog Semiconductor, Diodes, Fuji Electric, Infineon Technologies, Linear Technology, Lite-ON, MagnaChip, Maxim Integrated, MediaTek, Microchip, Microsemi, Monolithic Power Systems, NXP, ON Semiconductor, Panasonic Corporation, Power Integrations, Qualcomm, Renesas Electronics Corporation, Ricoh, ROHM Semiconductor, Samsung, Sanken Electric Company, Semtech, Shindengen, STMicroelectronics, Texas Instruments, Toshiba, Vishay Intertechnology and more.
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