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Power Management IC Market Report by Product (Linear Regulator ICs, Switching Regulator ICs, Voltage Reference ICs, Power Management ASICs/ASSPs, and Others), Application (Communication, Computing Devices, Consumer Electronics, Automotive, Healthcare, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A2027
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Market Overview:
The global power management IC market size reached US$ 33.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 61.7 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 33.2 Billion |
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Market Forecast in 2032
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US$ 61.7 Billion |
| Market Growth Rate 2024-2032 | 6.9% |
A power management integrated circuit (PMIC) refers to an array of combined microchips that are used to manage the flow of energy between transistors and capacitors in electronic devices. It is commonly utilized in battery-operated electronics, including smartphones, portable media players, wearable devices and healthcare equipment. It performs various operating functions, such as power and battery management, system control, voltage regulation, audio and interface functions and other application-specific tasks. Owing to this, PMIC finds extensive applications across electronics, automotive, computing devices, communication and healthcare industries.
The growing demand for battery-powered consumer devices across the globe is one of the key factors driving the growth of the market. Furthermore, the growth of the telecommunication sector and various technological advancements in wireless technology and peripheral devices are other major growth-inducing factors. The market is also being driven by the growing environmental-consciousness leading to the construction of cities with smart grid systems as their integral part. This is leading to an increasing demand for PMIC systems to manage wired and non-wired connections. Additionally, rising automation in the automotive industry is contributing significantly to the market growth. Automobile manufacturers utilize PMIC systems to efficiently manage extreme battery voltage fluctuations, extend the battery life and operate security systems. Other factors, including the widespread adoption of energy harvesting systems and the integration of Big Data and Internet of Things (IoT) across various industry verticals, are projected to drive the market in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global power management IC market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.
Breakup by Product:
- Linear Regulator ICs
- Switching Regulator ICs
- Voltage Reference ICs
- Power Management ASICs/ASSPs
- Others
Breakup by Application:
- Communication
- Computing Devices
- Consumer Electronics
- Automotive
- Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Analog Devices, Inc., Dialog Semiconductor PLC, Linear Technology Corporation, Maxim Integrated Products, Inc., NXP Semiconductors N.V., On Semiconductor Corporation, Renesas Electronics Corporation, ST Microelectronics International N.V. and Texas Instruments Incorporated.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Analog Devices, Inc., Dialog Semiconductor PLC, Linear Technology Corporation, Maxim Integrated Products, Inc., NXP Semiconductors N.V., On Semiconductor Corporation, Renesas Electronics Corporation, ST Microelectronics International N.V. and Texas Instruments Incorporated |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global power management IC market reached a value of US$ 33.2 Billion in 2023.
The global power management IC market is expected to exhibit a CAGR of 6.9% during 2024-2032.
The outbreak of the coronavirus disease (COVID-19) has negatively impacted the market as governments of various countries have imposed complete lockdowns leading to the temporary closure of manufacturing facilities, which has limited the production output.
The rising demand for battery-powered consumer devices and the rapid growth of the telecommunication sector represent the primary factors catalyzing the market growth. Moreover, various technological advancements in wireless technology and peripheral devices are also contributing to the market growth.
The market is propelled by the widespread adoption of energy harvesting systems and the integration of the Internet of Things (IoT) and big data analytics with power management ICs.
Based on the product, the market has been categorized into linear regulator ICs, switching regulator ICs, voltage reference ICs, power management ASICs/ASSPs, and others. Voltage reference Ics represent the most popular product.
On the basis of the application, the market has been classified into communication, computing devices, consumer electronics, automotive, healthcare and others. Consumer electronics currently exhibit a clear dominance in the market.
Region-wise, Asia Pacific (China, Japan, India, Indonesia, South Korea, Australia and others) holds the leading position in the market. Other regions include North America (the United States and Canada), Europe (Germany Italy, the United Kingdom, France, Russia, Spain and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
Leading players operating in the industry are Analog Devices, Inc., Dialog Semiconductor PLC, Linear Technology Corporation, Maxim Integrated Products, Inc., NXP Semiconductors N.V., On Semiconductor Corporation, Renesas Electronics Corporation, ST Microelectronics International N.V. and Texas Instruments Incorporated.
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