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Power IC market to grow 10% annually

Posted: 26 Oct 2010 ?? ?Print Version ?Bookmark and Share

Keywords:power management? driver? ICs? market?

Following a decline of over 14 percent in 2009, the world market for power management and driver ICs is set for recovery in 2010, says IMS Research Ltd.

The market research organization forecasts 20 percent growth to over $12 billion for the year, and annual growth of 10 percent for 2012 through 2014. This follows a decline of over 14 percent in 2009.

Sixteen power IC markets analyzed by the firm in 2010 outperformed previous growth predictions. Strong growth is projected to continue into 2011 and for most products through to 2014, driven by strong forecast demand in applications such as lighting, PC notebooks, servers and cellular infrastructure.

"Growth in 1H 10 was much stronger than many power semiconductor suppliers had predicted and has continued into the second half of the year," said Ryan Sanderson, senior market analyst for power and energy, IMS Research. "Whilst demand for end equipment certainly accelerated in 2010, there is also an element of over-spending; which has been driven by low capacity causing the lead times for many components to be extended. This has inflated revenue growth and also helped to stabilize average selling prices."

Sanderson added "IMS Research predicts increasing demand in 2011, another year when revenues will increase more than the historical average. Demand for consumer appliances such as notebooks and flat panel TVs remains high; whilst the industrial market continues to recover, driving further demand."

IMS identified Texas Instruments Inc. as the leading supplier, with over 10 percent of the 2009 world market. Of the top five suppliers in the market, which account for almost 40 percent of the world total, three lost market share from 2008 to 2009.

- Peter Clarke
EE Times

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