Smartphone power management ICs are used to manage power requirements and support voltage scaling and power delivery sequencing in smartphones. The Global Smartphone Power Management IC Market is expected to witness strong growth, with a CAGR of 9.54% during the forecast period, the company said.
According to TechNavio, smartphone power management ICs are gaining popularity because of their mobility as well as advancements in wireless connectivity infrastructure.
The report also emphasises the emergence of miniaturised semiconductor devices, which is expected to propel the demand for power management ICs in smartphones.
“Extensive use of power management ICs in the communication sector is driving the need for miniaturization of semiconductor devices. Because smartphones have board space restrictions, this integration helps reduce board space and manufacturing costs. Also, the deployment of power management ICs enables high power conversion efficiency and minimises switching losses," says Faisal Ghaus, Vice President of TechNavio.
“Extensive use of power management ICs in the communication sector is driving the need for miniaturization of semiconductor devices. Because smartphones have board space restrictions, this integration helps reduce board space and manufacturing costs. Also, the deployment of power management ICs enables high power conversion efficiency and minimises switching losses," says Faisal Ghaus, Vice President of TechNavio.
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