Market Overview
According to MRFR Analysis, the global Power Supply in Package (PSiP) and Power Supply on Chip (PwrSoC) market are expected to register a Substantial CAGR from 2020 to 2027 and hold a value of over USD 2,300 Million by 2027.
Power Supply in Package (PSiP) and Power Supply on Chip (PwrSoC) are two related technologies that allow for the integration of power supplies directly into the package or die of a semiconductor device. PSiP integrates a power supply into the package of a device, which can be beneficial for reducing the size and power consumption of electronic systems. PwrSoC integrates the power supply directly onto the chip, which can further reduce size and power consumption, as well as improve performance and efficiency. The COVID-19 pandemic has had a mixed impact on the PSiP and PwrSoC industries. The increased demand for electronic devices as people spend more time at home has led to an increase in demand for PSiP and PwrSoC. This includes devices such as laptops, smartphones, tablets, and smart home devices, which are in high demand during the pandemic.
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Market Segmentation
The Global Power Supply in Package (PSiP) and Power Supply on Chip (PwrSoC) markets have been segmented into product and application.
Based on the product, the market has been segmented into PSiP and PwrSoC.
Based on the application, the market has been segmented into Telecom and IT, Automotive, Consumer Electronics, Medical Devices, and Military & Defense.
Key Players:
Some of the key market players are Bel Fuse Inc., Texas Instruments Incorporated, ON Semiconductor, Panasonic Corporation, Vicor Corporation, Jiangsu Changjiang Electronics Technology Co. Ltd., Amkor Technology, TDK Corporation, Intel Corporation and ASE Group.
Introduction:
In the era of advanced technology, where electronic devices continue to evolve at an astonishing pace, the demand for compact and efficient power management solutions has reached new heights. Power Supply in Package (PSiP) chips have emerged as a groundbreaking innovation, revolutionizing the way power is delivered and managed in electronic devices.
The Rising Demand for Compact Power Solutions:
In today's digital age, consumers and businesses alike demand smaller, faster, and more powerful electronic devices. However, the miniaturization of devices poses challenges in terms of managing power requirements efficiently. This is where Power Supply in Package (PSiP) chips come into play. These chips integrate power management functions directly into the device package, eliminating the need for external power management components. The result is a compact, efficient, and reliable power solution.
Key Market Drivers:
- Miniaturization Trend: The ongoing trend of miniaturization in consumer electronics, such as smartphones, tablets, wearables, and IoT devices, is driving the demand for compact power solutions. PSiP chips enable the integration of power management functions into smaller form factors, ensuring optimal power delivery without compromising on performance.
- Energy Efficiency: With growing environmental concerns and the need for sustainable solutions, energy efficiency has become a top priority for device manufacturers. PSiP chips offer high energy efficiency, reducing power consumption and extending battery life. This feature has made them highly desirable in applications such as smartphones, laptops, and electric vehicles.
- Cost Reduction: Integrating power management functions into the package of an electronic device eliminates the need for additional external components, resulting in cost savings for manufacturers. This factor has driven the adoption of PSiP chips in various industries, including consumer electronics, automotive, and industrial automation.
- Increased Power Density: PSiP chips enable the delivery of higher power density in a smaller footprint. This capability is particularly beneficial in applications requiring high-power outputs, such as data centers, servers, and telecommunications equipment.
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Conclusion:
The Power Supply in Package (PSiP) chip market is poised for substantial growth as the demand for compact and efficient power management solutions continues to rise. PSiP chips offer numerous benefits, including compactness, energy efficiency, and cost savings, making them a preferred choice for device manufacturers across various industries. With the ongoing advancements in semiconductor technology and the increasing adoption of IoT devices, the PSiP chip market is expected to witness remarkable growth in the coming years. As electronic devices become even smaller and more powerful, PSiP chips will play a crucial role in meeting the evolving power management needs of the future.
