South Korea Buck-Boost Charger IC Market was valued at USD 0.25 Billion in 2022 and is projected to reach USD 0.40 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The South Korea Buck-Boost Charger IC Market is experiencing a significant surge in demand due to the country's robust industrial growth, technological advancements, and increasing reliance on power-efficient solutions. The Buck-Boost Charger IC is a critical component used in charging circuits, providing the ability to either step up or step down voltage depending on the needs of the device. This functionality is essential in many applications, from consumer electronics to electric vehicles (EVs) and renewable energy systems.
Industries in South Korea, including automotive, consumer electronics, and renewable energy, are driving the demand for Buck-Boost Charger ICs. With the country's push towards smart devices and green technology, these ICs have become indispensable for ensuring efficient power management in a wide range of products. For example, the increasing adoption of EVs in South Korea has led to a rise in the need for reliable and compact charger circuits, making the Buck-Boost Charger IC a key enabler for sustainable mobility.
In the consumer electronics sector, South Korea is home to some of the world's largest tech companies, which constantly innovate and introduce new products. From smartphones to wearables, Buck-Boost Charger ICs are crucial for ensuring devices are charged effectively without overloading or wasting energy. Their ability to work across various voltage levels makes them an ideal choice for these high-demand products.
Furthermore, the renewable energy industry is also a significant contributor to the market's growth. With South Korea's ongoing transition towards cleaner energy sources, there is an increasing need for efficient power management solutions. Buck-Boost Charger ICs are used in solar power systems and energy storage devices to optimize energy conversion and ensure that the right voltage is supplied to the grid or storage units.
As the market for Buck-Boost Charger ICs expands in South Korea, manufacturers are focused on delivering solutions that offer higher efficiency, compact designs, and greater scalability to meet the evolving needs of these industries. The demand for these components is expected to continue rising, supported by the ongoing advancements in technology and the nation's commitment to sustainability and innovation.
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ADI
Renesas(Intersil)
TI
Southchip Semiconductor Technology
H&M Semiconductor
Shenzhen Blue Whale Source Technology
MERCHIP
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Buck-Boost Charger IC Market
Integrated Buck-Boost ICs
Discrete Buck-Boost ICs
Programmable Buck-Boost ICs
Fixed Output Buck-Boost ICs
Consumer Electronics
Automotive Systems
Industrial Equipment
Renewable Energy Systems
Low Voltage (up to 5V)
Medium Voltage (5V to 15V)
High Voltage (above 15V)
Telecommunications
Medical Devices
Consumer Appliances
Security Systems
Linear Regulators
Switching Regulators
Hybrid Regulators
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Buck-Boost Charger IC Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Buck-Boost Charger IC Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Buck-Boost Charger IC Market, By Type
6. South Korea Buck-Boost Charger IC Market, By Application
7. South Korea Buck-Boost Charger IC Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Buck-Boost Charger IC Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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