Power management chips play a key role in electronic information products, with a wide range of product applications. Power management chips are widely used in cell phones and communications, consumer electronics, industrial control, medical instruments, automotive electronics and other applications, while with the development of the Internet of Things, new energy, artificial intelligence, robotics and other emerging applications, the downstream market for power management chips is expected to continue to develop.
Market size is growing steadily
In the international market, the power management chip is in the electronic equipment system to take up the responsibility of power conversion, distribution, detection and other power management chip.
According to Semiconductor, the global output value of power management chips was $19.1 billion, $19.8 billion, and $22.3 billion in 2015-2017, respectively. Foresight, based on the industry's economic development in 2018, estimates that the global power management chip market in 2018 is around $25 billion, maintaining a continuous growth trend.
With the continued growth of markets such as new energy vehicles and 5G communications, the global power management chip market will continue to benefit. TransparencyMarketResearch (TMR), an international market research organization, predicts that the global power management chip market will reach $56.5 billion by 2026.
In the domestic market, according to statistics from Saidi Consultant, an enterprise under the Ministry of Industry and Information Technology, the industry's market size grew from 43.068 billion yuan to 68.153 billion yuan from 2012-2018, with its compound annual growth rate of 7.95%, and the industry as a whole maintained a steady growth. As of 2018, the market size of China's power management chip industry reached 68.153 billion yuan.
Power management chips further penetrate into high-end industrial and automotive fields
Power management chips are mainly used in the fields of computers, communication equipment, automobiles, and industrial control. In recent years, power management chip applications show a gradual transition from low-end consumer electronics to high-end industrial and automotive fields.
Although the current power management chip is still the largest end market for cell phones and consumer electronics products, but because these products are relatively low-end, so the price competition is fierce; on the other hand, in the automotive and industrial power supply IC market applications, due to its application of high technical requirements, high gross profit margins of the product, the majority of foreign manufacturers to focus on the threshold of the automotive and industrial power supply field. For example, ADI and Linear Technology revenue of more than half from the automotive and industrial sectors. Overall, the future of power management chip applications from the low-end consumer electronics market to high-end industrial and automotive market transformation will become a new trend in the industry.
Global power management chip industry CR5 reached 71% in 2018
In the international market, the current global power management chip market is mainly occupied by overseas companies, from the point of view of the countries belonging to the United States, mainly from the United States, followed by Germany; from the point of view of the market share situation, in 2018, TI, Qualcomm, ADI, Maxim, Infineon five manufacturers market share combined accounted for 71% of the global power module industry as a whole!
Domestic power management chip competition is more decentralized
In the domestic market, domestic power management chip companies are more decentralized. Among them, Shengbang Microelectronics, CorePen Microelectronics, Silan Micro, Silicon Power Jie, Allwinner Technology, Yutai Technology, Shanghai Beiling, Nanjing Micro Alliance Electronics, BYD Microelectronics, CoreSmart Technology, Huazimei Semiconductor and other companies in the domestic market to occupy a leading position, especially Silan Micro, Shengbang Microelectronics, CorePen Micro in the country's most leading in 2018, its power management chip sales amounted to 663 million yuan, respectively, 340 million yuan, 312 million yuan.
--The above data source and analysis please refer to China Integrated Circuit Industry Market Demand Forecast and Investment Strategy Planning Analysis Report by Prospect Industry Research Institute.