Power Management Integrated Circuit Market is Poised to Reach USD 54.69 Billion By 2032: Astute Analytica [Yahoo! Finance]
STMicroelectronics N.V. (STM)
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Source: Yahoo! Finance
However, challenges like supply chain constraints and keeping pace with technological advancements need to be addressed. New Delhi, April 30, 2024 (GLOBE NEWSWIRE) -- The global power management integrated circuit market is expected to experience significant growth, with a projected market valuation of US$ 54.69 billion by 2032 from US$ 25.18. This translates to a CAGR of 9.0% during the forecast period 2024-2032. The global power management integrated circuit market is experiencing robust growth, fueled by a compelling confluence of factors. Wherein, smartphones continue to be a primary driver of PMIC demand, with sales projected to reach 1.38 billion units in 2024. This aligns perfectly with the explosive growth of 5G technology. 5G smartphones, expected to comprise nearly half of all smartphone shipments (780 million units) in 2024, necessitate efficient power management solutions – a domain where PMICs excel. Download the Sample Pages of this Report@ https://www.astuteanalyt
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STM
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- 4/25/24 - Miss
STM
Sec Filings
- 5/20/24 - Form 6-K
- 5/16/24 - Form SD
- 5/13/24 - Form 6-K
- STM's page on the SEC website