Power management ICs find substantial applications in the automobiles for a host of portable devices such as navigation devices. Besides core functions, power management ICs, power management ICs help to integrate portable electronics with car stereo system using a USB cable or plug-in cradle. This facilitates to enhance features of automobile information and entertainment systems by means of integrating applications such as touch screen support and power audio interfaces via power management ICs.
Therefore, with core applications in the highly lucrative consumer electronics and its ancillary industries, the demand for power management ICs is predicted to continue to rise in the years ahead. This substantiates the growth of power management ICs market at a healthy 4.6% CAGR for the 2018 – 2026 forecast period.
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