Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Power Management IC Market Size is Expected to Grow from USD 36.95 Billion in 2023 to USD 68.05 Billion by 2033, at a CAGR of 6.30% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Power Management IC Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Voltage Regulators, Battery Management ICs, Motor Control ICs, Multi-channel ICs, and Others), By Power Source (AC-DC and DC-DC), By End-user (Consumer Electronics, Automotive, Industrial, Telecommunication, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Power management IC (Integrated circuits for power management) is the solid state devices that control the flow and direction of electrical power. It performs various functions related to power requirements. A PMIC can have features for charging, voltage control, and battery management. A DC to DC converter might be incorporated to provide dynamic voltage scaling. PMICs are essentially used in industrial and automotive applications, as well as in portable, battery-powered gadgets including wearable technologies, computers, tablets, and smartphones. The increasing demand for energy-efficient electronics, adoption of portable and wearable devices, expanding automotive electronics sector, and industrial automation are driving the power management IC market. Further, the growing demand for battery-operated devices and increasing use of next-generation mobile networks including 3G, 4G, and 5G are significantly contributing to propel the market growth. On the contrary, the stringent regulations associated with energy efficiency and environmental standards are challenging the power management IC market.
The voltage regulators segment is expected to hold the largest market share during the forecast period.
Based on the product type, the global power management IC market is divided into voltage regulators, battery management ICs, motor control ICs, multi-channel ICs, and others. Among these, the voltage regulators segment is expected to hold the largest market share during the forecast period. The widespread application of voltage regulators in automotive, IT & telecommunication, and consumer electronics is driving the market.
The AC-DC segment is expected to dominate the market with the largest share during the forecast period.
Based on the power source, the global power management IC market is divided into AC-DC and DC-DC. Among these, the AC-DC segment is expected to dominate the market with the largest share during the forecast period. AC-DC power sources are used in power management ICs to convert alternating current (AC) into direct current (DC) for powering electronic devices. The significant use of this power source for consumer electronics, industrial equipment, and telecommunication is propelling the market.
The consumer electronics segment is expected to dominate the market with the largest share during the forecast period.
Based on the end-user, the global power management IC market is divided into consumer electronics, automotive, industrial, telecommunication, healthcare, and others. Among these, the consumer electronics segment is expected to dominate the market with the largest share during the forecast period. The increased need for efficient power management solutions in smartphones, tablets, and other portable consumer electronics devices is driving the market demand.
North America is projected to hold the largest share of the global power management IC market over the forecast period.
North America is projected to hold the largest share of the global power management IC market over the forecast period. The robust semiconductor industry, the presence of leading manufacturers, and technological innovations in the region are driving the power management IC market. Rapid industrial growth, rising electric vehicle usage, and the expansion of 5G infrastructure are all contributing to the region's power management IC market growth.
Asia-Pacific is predicted to grow at the fastest CAGR in the power management IC market over the forecast period. With the rapid industrialization and urbanization in the region, the rising need for consumer electronics, automotive electronics, and industrial automation is driving the market demand. In addition to growing demand in the automotive, consumer electronics, and industrial sectors, the region's supremacy is driven by the electronics manufacturing sector, particularly in nations like China, Japan, South Korea, and Taiwan.
Competitive Analysis
Major key players in the power management IC market include Texas Instruments Incorporated, Analog Devices, Inc., Infineon Technologies AG, STMicroelectronics, Semiconductor Components Industries, LLC, Evelta Electronics, Renesas Electronics Corporation, NXP Semiconductors, Microchip Technology Inc., ROHM CO., LTD., and Others.
Key Target Audience
Recent Developments
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global power management IC market based on the below-mentioned segments:
Global Power Management IC Market, By Product Type
Global Power Management IC Market, By Power Source
Global Power Management IC Market, By End-user
Global Power Management IC Market, Regional Analysis
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