ENFirst, overview of power management chips
The power management chip is a chip responsible for the transformation, distribution, detection and other power management of electric energy in the electronic equipment system. Power management chips directly affect the performance of electronic devices, and at present, power management chips are developing in the direction of fidelity signal, improving power density, extending battery life, reducing external noise interference, and improving safety at high voltage. Power management chip is mainly to ensure the stable operation of the power system, as long as there are power application scenarios need to be power management, in mobile phones, TWS headphones and other wearable devices, communication base stations, automotive, industrial, Internet of things and other scenarios, need to use power management chip.
The importance of power management chips has gradually become prominent, and the product segmentation is rich. The power management chip is the power supply heart of all electronic equipment, responsible for the transformation, distribution, detection and other control functions of electrical energy required by electronic equipment, which is indispensable for electronic equipment, and its performance and reliability have a direct impact on the performance and reliability of the whole machine. According to the function division, the power management chip can be divided into charge management chip, DC/DC converter, AC/DC converter, charge protection chip, wireless charging chip, driver chip, etc., which can achieve charging, lifting voltage conversion, AC/DC conversion and other functions.
At present, China's power management chip development has gone through three stages, in the context of Sino-US trade friction continued, the chip industry as the country's strategic development industry, under the pressure of the external environment and the support of national policies to accelerate the development process, is in a stage of rapid development. With the continuous improvement of industrial policies, the importance and urgency of domestic chips are becoming increasingly prominent, and the development speed of China's power management chips will be further accelerated in the future.
Ii. Policy
Integrated circuit is a basic, leading and strategic industry related to the overall development of the national economy and society. Our government has issued a series of policies and regulations to strongly support the development and growth of the integrated circuit industry. As an important part of integrated circuits, power management chips also benefit greatly from them.
Iii. Industrial Chain
The upstream of the power management chip industry chain is the raw material link, mainly including silicon, photoresist, electronic special gas, lead frame, packaging substrate, etc. The middle reaches are the production and supply of power management chips, mainly including chip design, manufacturing, packaging and testing. Downstream is mainly used in mobile phones, tablets, laptops, wearable devices, automobiles, communication base stations, smart home and other fields.
At present, the largest terminal market for power management chips is still mobile phones and consumer electronics, but due to fierce competition, the profit space is compressed. On the other hand, demand in downstream areas such as automotive electronics, wearables, smart home appliances, industrial applications, base stations and equipment continues to grow. Among them, the on-board power management chip is the fastest growing field of power management chip applications. In the downstream of the power management chip industry chain, the largest proportion is in the communication field, accounting for 25%, followed by data processing, accounting for 24%, and industrial medical treatment, accounting for 23%.
Fourth, the global power management chip industry development status
With the development of downstream markets such as consumer electronics, new energy vehicles, and 5G communications, the number and type of electronic devices continue to grow, and the management of the power application efficiency of these devices will be more important, which will drive the growth of the demand for power management chips. Thanks to the wide application of electronic products around the world, the global power management chip market has shown steady growth in recent years. According to the data, the global power management chip industry market size has shown a steady rise, and the global power management chip industry market size is about 39.99 billion US dollars in 2022.
Related report: "2023-2029 China Power management Chip Industry Development Trends and Market Prospects Report" released by Zhiyan Consulting
Fifth, China's power management chip industry development status
Although the current semiconductor industry is in a downward cycle, thanks to the wide range of application fields and product dispersion, power management chips are not susceptible to industry fluctuations. In recent years, the demand for new energy vehicles, smart homes and energy storage markets has grown rapidly, the domestic replacement of downstream terminal products has accelerated, China's power management chips still maintain strong growth, and the industry market size growth rate is significantly higher than the global level, according to data show that China's power management chip market size has grown faster in the past two years. In 2022, China's power management chip market size is about 127.109 billion yuan, with a compound growth rate of 13.08% from 2015 to 2022. The output value is about 35.44 billion yuan in 2022.
China's power management chip industry is hot for domestic substitution, with the acceleration of the process, the output gradually rose, in 2022, China's power management chip output is about 16.24 billion, demand with the development of the automotive industry and gradually expand, in 2022, China's power management chip industry demand is about 32.76 billion. In the wave of domestic substitution, the supply and demand of power management chips in some areas have improved, and some automotive chips have begun to reduce, including LED drivers, motor drivers and other driver ics, PMIC and some control ics; According to the data, the average price of China's power management chip industry from 2015 to 2020 shows a downward trend, and the average price of 2021-2022 has increased, the main reason is that the market is out of stock in the past two years and the supply is in short supply. In the case of the continuous price increase of wafer foundry, the cost is passed on to push up the price, which drives the average price of the market to rise. In 2022, the average market price of China's power management chip industry is about 3.88 yuan/piece.
6. Market competition pattern of China's power management chip industry
As one of the main market segments of the analog chip industry, the global power management chip market also shows a competitive pattern dominated by international manufacturers, and the global power management chip market has a high concentration, and 80% of the domestic share is monopolized by European and American manufacturers. International giants in the industry have a large market share, and they have leading advantages in terms of sales scale, product types, and core IP. On the whole, the international factory has a wide range of products, covering the application fields of consumer electronics, industry, automotive, aerospace, etc., and has obvious advantages in terms of asset scale, research and development capabilities, product richness, and customers covered. By 2022, Texas Instruments, Adno, Infineon, Rohm, Microchip, Hitachi, etc. will account for 17%, 12%, 10%, 8%, 7%, and 7% of the market share respectively.
Shengbang focuses on the research and development and sales of high-performance and high-quality analog integrated circuits, and is the first A-share listed semiconductor company focusing on the field of analog chips. The company focuses on the research and development of analog chips, product performance and quality benchmarking world-class analog manufacturers, some key performance indicators are better than similar foreign products. The company has launched ultra-low power operational amplifiers and comparators in the industry, ultra-low power boost DC/DC converters and buck DC/DC converters, high-precision and low-noise instrument amplifiers, small-package high-current and high-interference LDO, high-efficiency lithium battery chargers, 24-bit high-precision ADC, large dynamic logarithmic current-voltage converters, high-precision voltage reference circuits , high-precision temperature sensor, micro-power consumption high-precision current sensor and other high-performance analog chip products. In addition, the analog chip has the characteristics of strong versatility, diversification, long life cycle and wide application. According to the company's annual report, its power management chip-related revenue was 1.991 billion yuan in 2022.
Vii. Future development trend of China's power management chip industry
1. International manufacturers still occupy the main market share in the industry, and Chinese mainland manufacturers are expected to achieve an increase in share by virtue of cost performance
At present, in the fast charge chip market, international leaders such as On Mei and Cypress lead the development of technology, occupying the main share of the fast charge market above 65W; Taiwanese players such as Angbao and Liqi, as well as Chinese mainland manufacturers such as Xinpeng Micro, are currently mainly concentrated in the low-power field and are moving toward the market above 65W. Looking forward to the future, Chinese mainland manufacturers are expected to achieve a gradual increase in share by virtue of price, service and other advantages in the rise of local fast charging brands and accelerate the process of localization replacement.
2, the increase in demand in the field of industrial control, stimulate the rapid development of the domestic power management chip market
The increase in industrial applications has driven the domestic power management chip market to break out new growth drivers; From the perspective of 5G, the domestic 5G industry is gradually maturing, penetrating into various industries, and still becoming a major part of global economic development and competition. It is expected that with the development of 5G industry in the future, the number of base stations will increase year by year, and the demand for power management chips will also increase. From the power point of view, starting in 2018, the State Grid launched a new round of transformation, while the replacement demand for smart meters has driven the recovery of smart meter market demand, with the development of China's smart grid and smart meters, injecting fresh vitality into the domestic power management chip industry; From the motor point of view, with the arrival of the industry 4.0 era, the demand in traditional fields is still strong, and new industrial application scenarios bring new demands, driving the growing demand for power management ics.
The "2023-2029 China Power management chip Industry Development dynamics and Market Prospect Trend Report" (hereinafter referred to as the "Report"), carefully prepared by the expert team of Zhiyan Consulting, was released. The "Report" aims to analyze the future market trend of the power management chip industry from the national economic and industrial development strategy, and tap the development potential of the power management chip industry. Predict the development prospects of the power management chip industry and help the high-quality development of the power management chip industry.
This report starts from the perspective of the development environment, overall operation situation, operation status, import and export, and competition pattern of the national power management chip industry in 2022, systematically and objectively analyzes the development and operation of China's power management chip industry, and looks forward to the development trend of China's power management chip industry in 2023. The Report is a work that systematically analyzes the development status of China's power management chip industry in 2022, and has important reference value for comprehensively understanding the development status of China's power management chip industry and carrying out academic research and practice related to the development of the power management chip industry. It can be read for reference by relevant personnel of government departments, scientific research institutions, industrial enterprises and other related personnel engaged in power management chip industry.
