News Release from: Venture Development Corp
Edited by the Electronicstalk Editorial Team on 22 August 2006

Consumer markets drive power IC growth

Consumer electronics is the largest worldwide market for power supply and power management ICs, according to a recently released study.

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Consumer electronics is the largest worldwide market for power supply and power management ICs (PSICs), according to a recently released study by Venture Development Corporation, with the assistance of CMP Media. Consumer electronics is forecast to increase at the second highest compound annual growth rate (CAGR) through 2010, at 16.1%, being surpassed only by a much smaller medical applications segment at 17.0%. 'Rapid innovation in the consumer electronics market is leading to fast paced growth with many new products constantly hitting the market', says Jim Taylor, Project Director of VDC's power supplies and power management ICs reports.

'Particularly important is the market growth for portable devices, and as consumers seek products that will be smaller, lighter, longer lasting and with more features'.

'Power supply and power management IC devices such as mobile phones, handsets, MP3 players, GPS units, etc require to operate'.

In addition to new applications being developed, there is increasing government and consumer demand for more efficient power supplies in products which already utilise PSICs as energy costs increase.

Newer PSICs are the linchpin in providing highly efficient power supplies, so as energy costs increase the demand for PSICs will expand.

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