What Has Been the Progress and Growth of the Power Management IC Market in Recent Years?
The power management ic market has seen considerable growth due to a variety of factors.
• The power management IC market has grown robustly in recent years. It will increase from $33.88 billion in 2024 to $36.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.6%.
This growth can be attributed to the rise of electric vehicles (EVs), the Internet of Things (IoT), the growing popularity of wearable devices, the expansion of smart home systems, and rising industrial automation and robotics.
How Does the Forecast Look for the Power Management IC Market?
The power management ic market is expected to maintain its strong growth trajectory in upcoming years.
• The power management IC market is expected to reach $48.23 billion by 2029 at a CAGR of 7.2%.
This growth is driven by semiconductor advancements, the growth of consumer electronics, battery life improvements, renewable energy integration, and telecom network expansion. Key trends include green technology, smart grid and renewable energy integration, wireless charging, advanced battery management systems, and AI and machine learning integration.
What Are The Leading Drivers Of Growth In The Power Management IC Market?
The accelerated utilization of electric vehicles (EVs) is predicted to fuel the expansion of the power management IC market. EVs, powered by electric motors and rechargeable batteries, serve as an eco-friendly alternative to traditional vehicles with internal combustion engines. The escalating uptake of EVs is attributable to their environmental perks, technological progress, and rising infrastructure support for charging stations. Within EVs, power management ICs play a pivotal role in maximizing battery use, controlling power distribution, and boosting the overall energy efficiency. They provide dependable performance and extend battery longevity. As indicated by the Internal Energy Agency, an autonomous intergovernmental organization based in France, over 2.3 million electric cars were purchased in the first quarter of July 2023. This was a surge of 25% compared to the equivalent quarter of the previous year. By the closure of 2023, sales are anticipated to hit 14 million, signifying a year-on-year enhancement of 35%, with the pace quickening in the latter half of the year. Consequently, the escalated usage of EVs fuels the expansion of the power management IC market.
How Are The Segments Defined Within The Global Power Management IC Market?
The power management ic market covered in this report is segmented –
1) By Product: Voltage Regulators, Linear Voltage Regulators, DC Regulators, Motor Control ICs, Integrated ASSPs Power Management ICs, Battery Management ICs, Other Products
2) By Function: Digital, Analog
3) By Operating Range: 1µA To 1mA, 1.1mA To 1A, 1a To 10A, 10.1A To 25A, 25.1A To 100A, Above 100A
4) By Application type: Linear Regulators, Reset ICs (Voltage Detectors), Light Emitting Diode (LED) Controllers, DC-DC Convertors (Switching Regulators), Switch ICs, Other Applications
5) By End Users: Consumer Electronics, Automotive, Information Technology And Telecommunication, Healthcare, Industrial, Power And Energy, Aerospace And Defense, Other End Users
Subsegments:
1) By Voltage Regulators: Linear Voltage Regulators, Switching Regulators
2) By Linear Voltage Regulators: Low Dropout (LDO) Regulators, High Dropout (HDO) Regulators
3) By DC Regulators: DC-DC Converters, Buck Converters, Boost Converters, Buck-Boost Converters
4) By Motor Control ICs: AC Motor Control ICs, DC Motor Control ICs, Brushless DC Motor ICs
5) By Integrated ASSPs Power Management ICs: Power Management For Mobile Devices, Power Management For Automotive, Power Management For Consumer Electronics
6) By Battery Management ICs: Battery Charging ICs, Battery Protection ICs, Battery Fuel Gauge ICs
7) By Other Products: Power Monitoring ICs, Power Distribution ICs
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How Are New Trends Impacting The Size Of The Power Management IC Market?
Leading firms in the power management IC market are shifting their concentration towards the creation of innovative technologies such as filter-integrated circuits to boost system functionality at lower system expenditure. Essentially, filter-integrated circuits are semiconductor gadgets built to handle and modify electronic signals by allowing certain frequencies to pass selectively while lessening others. These circuits are widely utilized in signal processing and communication systems. For example, Texas Instruments Inc., a semiconductor company based in the U.S., introduced active electromagnetic interference (EMI) filter integrated circuits (ICs) in March 2023. These ICs, helping high-density power supply designs, merge sensing, filtering, gain, and injection phases within a 14-pin SOT-23 package. They aim to limit common-mode (CM) electromagnetic interference (EMI) in single-phase power supply systems, thus leading to smaller, lighter, and more affordable filter designs.
Who Are the Key Players In The Power Management IC Market?
Major companies operating in the power management ic market are:
• Qualcomm Technologies Inc.
• Texas Instruments Inc.
• MediaTek Inc.
• STMicroelectronics NV
• Infineon Technologies AG
• Renesas Electronics Corp.
• Analog Devices Inc.
• Toshiba Electronic Devices And Storage Corp.
• NXP Semiconductors NV
• Microchip Technology Inc.
• Vishay Intertechnology Inc.
• ON Semiconductor Corp.
• Diodes Inc.
• Monolithic Power Systems Inc.
• Silicon Laboratories Inc.
• Allegro MicroSystems Inc.
• Nordic Semiconductor
• Semtech Corp.
• Power Integrations Inc.
• Vicor Corp.
• ABLIC Inc.
• Shanghai Belling Co .Ltd.
• Rohm Co. Ltd.
• Rantle East Electronic Trading Co.
What Is The Most Dominant Region In The Power Management IC Market?
North America was the largest region in the power management IC market in 2023. The regions covered in the power management ic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
