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Download Free sampleThe global Smartphone Power Management Ics market was valued at 324.99 Million USD in 2021 and will grow with a CAGR of 6.58% from 2021 to 2027, based on HNY Research newly published report.
The prime objective of Smartphone Power Management Ics Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Smartphone Power Management Ics Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Power management ICs are used to manage power requirements and to support voltage scaling and power delivery sequencing in power electronic devices. They are the key components in any electronic device with a power supply, battery, or power cord and they optimize power usage. The power management ICs that are used in smartphones are referred to as smartphone power management ICs.Qualcomm, Dialog and TI captured the top three revenue share spots in the smartphone power management IC market in 2017. Qualcomm dominated with 23.43% revenue share, followed by Dialog with 19.23% revenue share and TI with 19.47% revenue share in 2017. Power management IC are high-precision products, this industry need a long product development cycle, design requirements, capital investment, complex technology process, with a higher threshold. Therefore, it formed a high degree concentration, monopolized by large semiconductor manufacturers. The profitability of individual companies depends on their ability to bid accurately, secure contracts, and control costs. Large companies enjoy economies of scale in financing and the ability to offer a broad range of services in many locations. Smaller companies can compete effectively by specializing in particular services or focusing on a certain geography.
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