Landscape of global power management semiconductor market 2010-2014

DUBLIN, IRELAND: Research and Markets has announced the addition of the "Global Power Management Semiconductor Market 2010-2014" report to its offering.

TechNavio's analysts forecast the global Power Management Semiconductor market to grow at a CAGR of 11.5 percent over the period of 2010-2014. One of the key factors contributing to this market growth is increasing adoption of Power Management Semiconductors by the Consumer, Electronic and Automobile segments.

The Power Management Semiconductor market has also been witnessing the adoption of new technologies for more efficient power management solutions. However, decreasing profitability could be a challenge to the growth of this market.

Key vendors dominating this market space include STMicroelectronics, Texas Instruments, Infineon Technologies, and Fairchild Semiconductor.

Research conducted by Technavio reveals, that the global Power Management Semiconductors market is expected to grow at a CAGR of 11.5 percent. The report, which focuses on Americas, EMEA and APAC indicates, that the market is currently driven by the increased use of these semiconductors in the automobile industry especially in hybrid vehicles.

Semiconductors have become an integral part of automobiles with their ability to increase efficiency by reducing fuel consumption and emission of greenhouse gases. With the advent of hybrid vehicles, the automotive industry is increasingly adopting specialized power management semiconductors. Thus, the immense growth opportunities in the hybrid vehicle market are key drivers for the Power Management Semiconductor market, reports Technavio analyst.

In spite of the need, security concerns hinder the growth of this market. However, the increased adoption of these semiconductors in consumer electronic devices is expected to boost market growth.

The global Power Management Semiconductors market is marked by manufacturing bases shifting to the APAC region. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.