POWER MANAGEMENT ICS MARKET ANALYSIS
Some of the key players in the global power management ICs are Analog Devices Inc., Dialog Semiconductor PLC, Infineon Technologies AG, Maxim Integrated Products Inc., Mitsubishi Group, NXP Semiconductors, ON Semiconductor Corp., Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments Inc., and Rohm Co Ltd.
Global Power Management ICs Market - Impact of Coronavirus (Covid-19) Pandemic
Coronavirus (COVID-19) Pandemic have negatively affected the economies of various countries around the globe. According to the International Monetary fund Analysis, the global economy is expected to shrink down by 3% percent in the year 2020 compared to year 2019. These economic slowdown expected to reduce the spending power of consumers across the globe. Consumers are less likely to spend on the consumer electronics products such as smartphones, Bluetooth headsets and others. The power management ICs are majorly used in the mobile phones and other consumer electronics products.
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