China's power management chip market share will increase rapidly in the future

With the increasing demand for energy-saving products, more and more power devices such as power management chips and MOSFETs are being applied to the entire product, and both the continuous increase in the output of the chip field and the increasing use of power devices in the overall product In the following years, the Chinese power device market has maintained rapid growth in recent years. In the past five years, the compound growth rate of the market has reached 27.8%, which is a relatively rapid development of the market for semiconductor products.

Power devices are mainly divided into power discrete devices and power management ICs. From the perspective of market share, power management ICs account for about 40%, while power discrete devices account for 60%. Both are widely used in various electronic products.

The power management chip is mainly used in computers, network communications, consumer electronics, and industrial control. In addition, although the automotive electronics industry has a small market share, it is the fastest growing field. From the perspective of future development, the automotive electronics sector will continue to be the fastest-growing sector and its market share will increase rapidly in the coming years. In addition, network communications will also maintain rapid growth driven by applications such as 4G. The share will also steadily increase, and consumer electronics, computer and industrial control will be relatively stable.

In terms of technology, higher integration, higher power density, higher pressure resistance, current-carrying capacity, and higher energy efficiency have always been the development direction of power management chips, and the continuous updating and development of technologies will also be promoted. One of the major factors in the development of the power management chip market.

Power Management Chip Demand Scale

According to the “2015-2020 China Power Industry Market Demand Forecasting and Investment Strategic Planning Analysis Report” published by the Research Industry Development Institute, the data shows that in 2013, China’s power management semiconductor operating revenue will increase by 4.8% from 2012, compared to the previous year. With a decrease of 8.2%, the management chip market will recover from the second quarter of 2013. The wireless and industrial sectors will be the key to this year's market growth.

From 2009 to 2013, the growth rate of China's power management device chip demand has been declining year by year, but it has remained at over 10%, with a compound growth rate of 16%. In 2013, the market demand exceeded RMB 50 billion.

Power management chip competition pattern

The world-renowned power management chip makers such as Fairchild, Texas Instruments, ON Semiconductor, Microchip, and NXP, are looking for opportunities for higher performance, stability, and security in power supply products and technology solutions for various equipment vendors. Prior to the challenge, they tried their best to solve the problems, or integrate and optimize product lines, or mergers and acquisitions to improve product and technology combinations, or strengthen R&D investment, or strengthen marketing. . . The power market is still changing and new things drive the semiconductor technology and market electronics industry rolling continuously. In the upsurge of Internet of Things, wearable electronic devices, mobile medical care, smart phones and flat panels, the competition for power management chips has become increasingly fierce.

From the perspective of competition, in terms of power management chips, both in the market and in technology, European and American manufacturers have an absolute advantage, especially US manufacturers. Although the three European giants ST, NXP, and Infineon are also very competitive, the power management chips are just theirs. One of many product lines, while the United States manufacturers have NS, TI, Fairchild, On Semiconductor, IR and Maxim and many other manufacturers, and more focused on the field of power management and manufacturers. The strong pattern of the power management chip market in Europe and America has continued for many years, and from now on, this pattern will continue in the coming years. Although European and American manufacturers maintain advantages in both technology and market, it does not mean that new entrants from China and other regions have no chance. At present, the technical threshold of low-end power management chips is not a problem for many capable design companies. In China, there are a group of companies engaged in R&D of power management chips, such as Shengbang Microelectronics, Changyuntong, Longding, Mingwei, and China Resources Weiwei. Although the products are basically limited to products such as LDOs, DC-DCs, and LED drivers, After all, they have achieved certain success in the market and objectively stated that these new entrants are currently unable to pose a significant threat to European and American manufacturers. They have clearly lagged behind leading manufacturers in terms of product line integrity and product technology, but these manufacturers are in power management. The chip's middle and low-end areas already have a certain degree of competitiveness. If it develops well in the future, it can compete with leading European and American manufacturers in certain fields and product applications.

Power Management Chip Demand Forecast

In the next five years, the largest increase in power management semiconductors will be the Apple iPad and other media tablets, and the CAGR of this area will reach 30% by 2016. Other important products driving the growth of the market include mobile phones, with a CAGR of 11.7% over the same period; mobile infrastructure, CAGR of 13.1%; and digital set-top boxes, CAGR of 12.3%.

Forward-looking forecasts, from 2014 to 2020, China's power management chips will grow at an average growth rate of 8.4%, and by 2020, market demand will reach nearly 120 billion yuan.