What will be the dynamics for the adoption of power electronics based on device type?

Power integrated circuits (ICs) hold the largest share of the power electronics market. Power IC is used for the functioning of power management in various applications. Power IC is used in various devices such as smartphones, tablets, smartwatches, TVs, and SSD for power management applications. Power ICs combine multiple functions into a single device to reduce the component numbers and board space needed to easily and cost-effectively manage power in devices for IoT, consumer, medical, industrial, automotive, and many other applications.