Maxim Integrated Products, Inc. (MXIM - Free Report) recently unveiled power-management integrated circuits (PMICs) MAX20004, MAX20006, MAX20008 buck converters and MAX20098 buck controllers. These PMICs will address power challenges in automotive applications and mitigate electromagnetic interference (EMI).
The new PMICs are compact and will aid in enhancing the efficiency of digital instrument clusters and radio head units by offering lowest switch resistance. Notably, the product also features high switching frequency and skip-mode operations, assisting in power consumption.
We believe Maxim is poised to gain traction with these new PMICs as these comply with designers’ product criteria of compactness, enhanced efficiency and improved noise performance. Further, these new products will strengthen the company’s product portfolio.
Market Growth Prospects
Power management integrated circuits have been gaining significant traction driven by increasing demand for energy-efficient devices.
Per reports, the PMIC market is expected to witness compounded annual growth rate (CAGR) of 4.6% to reach $56.48 billion between 2018 and 2026. Notably, the demand for PMICs is expected to be the highest in Asia Pacific, which is anticipated witness CAGR of 5.5% till 2026.
These circuits have been successful in making an impact across all end markets, including portable electronic devices and automobile. Per a research report from Allied Market Research, power management ICs in automobile are expected to record CAGR of 6.2% between 2016 and 2022.
Growing adoption of Infotainment, and safety and driver assistance content in automotive is driving demand for PMICs. Notably, Maxim is well poised to cater to these growing needs backed by its robust product portfolio.
Maxim Integrated Products, Inc. Price and Consensus