Automotive power management ICs (PMICs) provide highly-integrated and robust power management solutions for automotive applications. The PMICs support a comprehensive power supply for the system by a small form factor. Boost function integrated into the PMICs avoids system blackout under extreme battery voltage fluctuations. The low quiescent current of the PMICs reduces the standby current of always-on functions. The PMICs comply with AEC-Q100, and rich system safety functions help to comply with modern vehicle ECU requirements.

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The global automotive power management IC market is projected to reach $10,186.4 million by 2031 from $4,176.0 million in 2021, at a CAGR of 9.5% during the forecast period 2022-2031. The growth in the automotive power management IC market is expected to be driven by technological advancements and increasing demand for advanced driver assistance systems (ADAS).

Globally connected vehicles are moving the automotive industry into a new era. Vehicles are being deployed with extensive sensor platforms that generate vast amounts of data from different systems, such as LIDAR, telematics control units, or OBD-II interfaces. At the same time, the advent of 5G and underlying low latency, high bandwidth V2X technology is enabling dozens of new automotive use cases.

The growing trend for advanced technologies and robotics systems being used in agricultural fields, along with the increasing need for farm management and inventory tracking and management, has led to the increase in the demand for agriculture autonomous robots. The agriculture autonomous robots can be used for various applications in the farming process, such as crop monitoring, dairy farm management, inventory management, harvesting, and picking.

The global agriculture autonomous robots market is anticipated to witness significant growth over the forecast period, especially in North America, Europe, the U.K., Asia-Pacific, China, and Rest-of-the-World. This significant growth can majorly be attributed to the increased integration of technology in the agricultural sector along with government initiatives to support the same.

Asia-Pacific is expected to have the highest market growth in the global agriculture autonomous robots market. The high growth can majorly be attributed to the increased adoption of technology-driven procedures, great emphasis on alternative farming techniques, and the potential of incorporating high investment equipment in the agricultural industry. Japan has adopted modern farming techniques, the usage of autonomous robots being one of them, in the face of rapid urbanization and an increased number of abandoned farms. These techniques are important in helping the agricultural and farming sector to sustain, grow, and improve production. Thus, agriculture autonomous robots can be highly advantageous in enhancing crop production in the region.

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Recent Developments in the Automotive Power Management IC Market

• In June 2022, Renesas Electronics Corporation launched the ISL78083, a power management IC (PMIC) aimed at simplifying power supply design for use in multiple HD camera modules, reducing development cycles, bill of materials (BOM) cost, and supply chain risks.
• In June 2021, Microchip expanded its broad portfolio of dsPIC33C DSCs to cover the large memory segment with the new ISO 26262-compliant dsPIC33CK1024MP7xx family. This new family of dsPIC33C DSCs with 1 MB Flash enables applications running automotive software such as AUTOSAR, OS, MCAL drivers, ISO 26262 functional safety diagnostics, and security libraries. The family of dsPIC33 DSCs also includes a high-performance central processing unit (CPU) with a deterministic response and specialized peripherals for general automotive, advanced sensing and control, digital power, and motor control applications.
• In April 2021, STMicroelectronics launched a new fully integrated power management IC (PMIC) for AMOLED displays that combine a low quiescent current and enhanced flexibility to extend the battery runtime of portable devices.
• In April 2021, Infineon Technologies AG introduced a new family of battery management ICs, including TLE9012DQU and TLE9015DQU. The ICs enable an optimized solution for battery cell monitoring and balancing. The devices are suitable for a wide range of industrial, consumer, and automotive applications, such as mild hybrid electric vehicles (MHEV), hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and battery-powered electric vehicles (BEV).

Competitive Landscape

The competitive landscape of the agriculture autonomous robots market consists of various strategies undertaken by major players across the industry to gain market presence. Some of the strategies adopted by manufacturers are new product launches, business expansions, and partnerships and collaborations. Out of all the strategies adopted, product launches have been the most prominent strategy adopted by the providers.

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The industry rivalry in the market is intense due to the presence of multiple established brands in the market, such as Lely, John Deere, GEA Farm Technologies, and DJI. The competition is high as the companies are highly focused on launching new products and adopting different strategies to strengthen their market presence. For instance, in March 2021, DAIRYMASTER launched a new robotic drafting system called DraftNow for cows, which includes a software program and mobile app with extra functionality that allows farmers to easily sort cows remotely. In September 2020, Naio Technologies launched TED, the first robot dedicated to the vineyards. It provides effective and precise mechanical weeding without using herbicides and without harming soil and crops. It consists of a universal mount that can adapt any kind of mechanical attachment, such as finger hoes, disc lump breakers, and serrated discs. Furthermore, in May 2019, De Laval launched the De Laval Parlor milking system P500. The parlor featured three cow-flow control options and no sequence gates on the floor. It allowed for faster, more efficient milking and kept the cows calmer during the process. Such investments in the agriculture autonomous robots market are projected to keep the industry rivalry high in the global agriculture autonomous robots market.

The global agriculture autonomous robots market is expected to witness a high growth rate in the coming years due to growing investment in bringing automation to the agriculture industry. Furthermore, COVID-19 had a positive influence on the market growth, which has led to an increase in the adoption of robotics in the agriculture industry.