12/24/2003 - A new study from Venture Development Corporation (VDC) titled "The Global Market for Power Supply and Power Management Integrated Circuits, Fourth Edition - Volume 1: Market Analysis" finds that combined worldwide shipments for power supply and power management ICs totaled about 5.0 billion in 2003 and is forecast to grow 8.8% until 2006.
Factors influencing forecasted growth include:
According to industry analyst Marianne D'Aquila, "The PSIC industry, although poised for recovery, is facing a paradigm shift as outsourcing and manufacturing are forecasted to continue migration to Asia. This will challenge the way vendors do business: partnership agreements become increasingly important as seen by International Recticfier and Sanyo joint venture to design, develop and market their products; and vendors need to look at increasing direct sales to build personal relations in Asia."
D'Aquila continues, "Our latest research reveals that companies who are diversified as a whole as well as through their product lines across many vertical markets fare much better in the long run as economies and product markets change. Therefore the vendors who are either a division of a large parent company or who penetrate multiple types of applications typically fare better overall."
Venture Development Corporation is a technology research and management consulting firm serving the worldwide industrial automation, instrumentation, electronic components, computers and peripherals, communications, and consumer electronics industries. The firm was founded in 1971 by graduates of the Harvard Business School and MIT. VDC offers in-depth market research, as well as custom strategic planning and consulting services.
For further details regarding VDC's "The Global Market for Power Supply and Power Management Integrated Circuits, Fourth Edition - Volume 1: Market Analysis" contact Marianne D'Aquila, Project Director for Power Conversion and Control at: email@example.com, 508-653-9000 ext. 134 or Marc Regberg, Senior Vice President/COO; firstname.lastname@example.org, 508-653-9000 ext. 111, Fax: 508-653-9836.
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