Press release
Power Management Integrated Circuit (PMIC) Market size is expected to grow at a CAGR of 5.3 Percentage and the market size is expected to reach nearly USD 56.91 Billion by 2029
Global Power Management Integrated Circuit (PMIC) Market
Power Management Integrated Circuit (PMIC) Market size is expected to grow at a CAGR of 5.3% during the forecast period and the market size is expected to reach nearly US$ 56.91 Bn. by 2029.
Global Power Management Integrated Circuit (PMIC) Market Overview
The Power Management Integrated Circuit (PMIC) market is projected to expand at a CAGR of 5.3%, reaching nearly USD 56.91 billion by 2029. This growth is driven by advancements in technology and the increasing demand for energy-efficient battery-powered devices. The market analysis includes the impact of COVID-19, addressing both short-term and long-term implications on market leaders, followers, and disruptors across different regions.
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Drivers in the Global Power Management Integrated Circuit (PMIC) Market
The primary drivers for the PMIC market include the growing need for energy efficiency in battery-powered devices and the increasing application areas for power management ICs. Advancements in technology and the rising demand for energy-efficient solutions in consumer electronics, automotive, and industrial sectors significantly boost the market.
Global Power Management Integrated Circuit (PMIC) Market Trends
A notable trend in the PMIC market is the rising adoption of smart devices and portable electronics, such as smartphones and fitness trackers, which require efficient power management solutions. Additionally, the integration of PMICs in emerging technologies like IoT and wearable devices is further propelling market growth.
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Global Power Management Integrated Circuit (PMIC) Market Opportunities
Opportunities in the PMIC market are driven by the growing need for advanced power management solutions in electric vehicles (EVs) and renewable energy systems. The increasing emphasis on reducing power consumption and enhancing energy efficiency in various applications presents significant growth prospects for PMIC manufacturers.
Global Power Management Integrated Circuit (PMIC) Market Regional Insight
The Asia-Pacific region is expected to witness the highest growth in the PMIC market, driven by rapid industrialization and increased manufacturing activities. North America and Europe follow, with substantial contributions from technological advancements and high demand for consumer electronics. The APAC region, particularly countries like China and India, will see significant market expansion due to the rising adoption of smart technologies and increasing production capabilities.
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Segmentation Analysis Global Power Management Integrated Circuit (PMIC) Market:
by Product
Voltage Regulators
Bipolar
Automotive ICs
Lighting ICs
Motion ICs
Power Management ICs
Sensor ICs
Voltage Regulator ICs
Motor Control IC
by End-users
Home Appliances Products
Communication
Internet
Automotive
Consumer Electronics
Industry
Telecom and Networking
Others (Military, Medical Electronics etc.)
Who is the largest manufacturers of Global Power Management Integrated Circuit (PMIC) Market worldwide?
โข NXP
โข Texas Instruments
โข Semtech
โข Intersil
โข Analog Devices
โข ROHM Semiconductor
โข Cactus Semiconductor
โข Skyworks Solutions, Inc.
โข ON Semiconductor
โข Microsemi
โข Intel Corporation
โข Linear End-users
โข Power Integrations, Inc
โข IDT (Integrated Device End-users)
โข Monolithic Power Systems(MPS)
โข Allegro MicroSystems LLC
โข Alpha & Omega Semiconductor
โข AMS
โข Analog Devices
โข Bourns Inc.
โข Dialog Semiconductor
โข Diodes Inc.
โข Efficient Power Conversion (EPC)
โข Exar Corp.
โข GaN Systems
โข Infineon Technologies
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In 2024, the global market size of Power Management IC (PMIC) was estimated to be worth US$ 23460 million and is forecast to reach approximately US$ 30540 million by 2031 with a CAGR of 3.9% during the forecast period 2025-2031.
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