Pune, India, May 2019/MRFR Press Release/- Market Research Future has published a Cooked research report on the Global power supply in package (PSiP) and power supply on chip (PwrSoC) Market.
As per the latest report published by Market Research Future (MRFR), the global power supply in package (PSiP) and power supply on chip (PwrSoC) market is set to reach a valuation of USD 2.5 Billion by the year 2032.
Power electronics are witnessing widespread adoption across various industry verticals. The incessant technological innovation has led to the need for greater power efficiency, high density, and design flexibility of power modules. PSiP and PwrSoC are hardware components that work as an intermediary to supply power in electrical device via a package or a chip. They facilitate a smooth flow of power over the printed circuit board (PCB).
Simple manufacturing process of PSiP and PwrSoC as compared to conventional DC to DC converters ICs is major factor driving the market growth. PwrSoC and PSiP is superior technology, which eliminate the need for external components and offer a shorter version of the design process as compared to DC-DC converter IC. Furthermore, integrating mixed-signal technology with PSiP and PwrSoC IC is another factor driving their adoption. The diverse offerings of these compact ICs with low power consumption and manufacturing cost with greater functionality and fault management for various applications make them a sough-after IC solution.
The growth of silicon-carbide (SiC) and gallium nitride (GaN) is likely to create new application opportunities for PSiP and PwrSoC ICs in the years to come. Innovation in silicon-based technology has led to increased utilization of wide-bandgap materials such as gallium nitride (GaN) and silicon carbide (SiC) electrical modules. Such technologies are yet to reach their fullest potential, hence the prospects for PSiP and PwrSoC remain boundless.
Global Power Supply in Package (PSiP) and Power Supply on Chip (PwrSoC) Market: Segmental Analysis
MRFR’s report includes a comprehensive segmental analysis of the market on the basis of product, application area, and region. Based on product, the market has been segmented into PSiP and PwrSoC. In terms of value, the PSiP segment accounted for an astronomical 89.4% market share in 2023. In addition, the segment is expected to surpass a market valuation of USD 2.5 Billion by 2032, reflecting a double-digit growth rate. By application area, the market has been segmented into telecom and IT, automotive, consumer electronics, medical devices, and military and defense. The consumer electronics segment accounted 58.8% share of the market and is poised to increase at a CAGR of 5.00% during the forecast period (2023-2032).
Global Power Supply in Package (PSiP) and Power Supply on Chip (PwrSoC) Market: Regional Outlook
On the basis of region, the market has been segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). The market in APAC is expected to remain highly attractive during the forecast period. In 2023, APAC commanded 48.3% share of the market and projected to exhibit 5.00% CAGR during the assessment period. Emergence of China as global manufacturing hub has been instrumental in driving the market growth in APAC. Meanwhile, the market in North America is set to witness the highest CAGR over 2032. Presence of a strong consumer electronics market in North America remains a favorable factor for market players operating in the region. Europe is expected to maintain its position as the third largest market for PSiP and PweSoC throughout the review period.
Global Power Supply in Package (PSiP) and Power Supply on Chip (PwrSoC) Market: Competitive Landscape
Intel Corporation, ASE Group, Amkor Technology, TDK Corporation, Panasonic Corporation, Bel Fuse Inc., Jiangsu Changjiang Electronics Technology Co. Ltd., Texas Instruments Incorporated, ON Semiconductor and Vicor Corporation are some of key companies profiled in MRFR’s report.
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Report details
| Base Year | 2019 |
| Companies Covered | 15 |
| Pages | 101 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
