Smartphones have increasingly become a common phenomenon amongst all age groups and all income strata, therefore increasing their demand. The battery management ICs find significant applications in wearables devices and consumer electronic goods. According to the Ministry of Industry and Information Technology (MIIT), China is the world’s largest producer, consumer, and exporter of consumer electronics.
The country also remains the world’s largest manufacturer of computers, televisions, and mobile phones, producing over 90%, 70%, and 90% of these devices in 2018. In the same year, statistics indicate that China manufactured 1.8 billion mobile phones, 300 million computers, and 200 million televisions. Furthermore, the country’s export value of significant electronics that includes mobile phones, computers, televisions, and sound equipment was valued at USD 294.7 billion, or nearly 12% of China’s total export. All these consumer-based electronics find an enormous application of battery management ICs. China has been the backbone of the electronic industry since its inception; however, due to the COVID-19 pandemic, this trend seems to witness some aberration.
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The Indian Cellular and Electronics Association (ICEA), in the last week, dated July 2020, sought exceptions from 100% inspection in ports of China imported goods for some categories such as manufacturing and critical supply chain components. The association informed the government that the industry had already lost Rs 40,000 crore worth production in the past three months. As much as over 70% of the cell phone market in India is dominated by Chinese companies. China imports 100% of these electronic parts from its neighboring country.
Acquisition of Linear Technology Corporation, an independent manufacturer of high-performance analog integrated circuits on March 10, 2017.
The company completed its acquisition of Microsemi Corporation, a publicly-traded company headquartered in Aliso Viejo, California on May 29, 2018. The company paid an aggregate of approximately USD8.19 billion in cash to the stockholders of Microsemi.
Battery Management IC Market: Segmentation
Central and South America and the Caribbean
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