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The smartphone power management IC market size is forecast to increase by USD 887.02 million at a CAGR of 6.07% between 2023 and 2028. The market is experiencing significant growth due to several key trends. The increasing use of smartphones and the resulting growth in internet penetration and data traffic are major drivers for the market. Moreover, the miniaturization of semiconductor devices is enabling the integration of advanced power management ICs into smartphones, leading to improved battery life and increased functionality. Additionally, the complexity of power management IC design is increasing, as manufacturers strive to meet the demands of high-performance smartphones with longer battery life and advanced features. These trends are expected to continue, driving the growth of the market in the coming years.
The global market for power management ICs (PMICs) in electronic systems is experiencing significant growth due to the increasing demand for longer battery life in portable electronics such as smartphones, tablets, smartwatches, and IoT devices. PMICs play a crucial role in managing electrical power flow, ensuring voltage safety, voltage monitoring, and heat dissipation in these battery-operated gadgets. With the rise of consumer electronic devices, connected devices, and mobile services, the integration of next-gen mobile networks like 4G and 5G Technology further increases the need for efficient power management. PMICs are essential semiconductor components for machine power and electrical power flow control in various applications, including motor control ICs and low voltage regulators. The integration process of these advanced PMICs in electronic systems is vital to optimize power consumption and enhance the overall performance of gadgets.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The premium range segment is estimated to witness significant growth during the forecast period.In the realm of portable electronics, including smartphones, tablets, smartwatches, IoT devices, and wearable electronics, power management has emerged as a critical factor for extending battery life and ensuring energy efficiency. Electronic systems in gadgets such as renewable energy-powered electric vehicles (EVs), solar power, and wind power systems, data centers, and data processing units, require precise voltage regulation and management through power management ICs. These semiconductor components facilitate electrical power flow, power controls, voltage safety, voltage monitoring, and heat dissipation. Battery-operated devices like cell phones and battery management ICs, including precision and programmable voltage references, play a pivotal role in optimizing energy consumption.
Furthermore, as the integration process advances, power management ICs become increasingly essential for machine power, travel bans on certain consumer electronic devices, and the proliferation of connected devices, mobile services, and next-gen mobile networks like 4G and 5G.
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The Premium range segment accounted for USD 1.36 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 71% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The APAC market is experiencing significant growth due to the expanding consumer base for electronic devices, particularly in countries like China, India, Japan, South Korea, and Taiwan. Major ODMs and OEMs, including Samsung Electronics, Huawei Technologies, ZTE Corp., OPPO, Xiaomi, and LG Electronics, are headquartered in this region, contributing to the market's expansion. These companies are continually innovating, introducing advanced smartphones with features such as triple-lens cameras, AI, virtual assistants, fingerprint sensors, and facial recognition. Motor control ICs and low voltage regulators are crucial semiconductor ICs in power management, ensuring efficient power consumption and reliability. The automotive industry is also integrating smartphones into their systems, further fueling the demand for power management ICs. However, the chip production industry faces a persistent chip shortage, which may impact the production and delivery of smartphones, potentially affecting market growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing internet penetration and data traffic is the key driver of the market. In today's world, portable electronics such as smartphones, tablets, smartwatches, IoT devices, and wearable electronics have become an integral part of our daily lives. These gadgets require efficient power management to ensure extended battery life and optimal performance. Power management ICs play a crucial role in managing electrical power flow and implementing power controls in these devices. Voltage regulators and battery management ICs are essential semiconductor components that ensure voltage safety, voltage monitoring, and heat dissipation. Moreover, the increasing adoption of renewable energy sources like solar power and wind power in various electronic systems, including data centers, electric vehicles (EVs), and portable electronics, necessitates advanced power management solutions.
Furthermore, these systems require energy efficiency, precision voltage references, and programmable voltage references to ensure seamless data processing, storage, and data security. As consumer electronic devices, including cell phones, become more advanced and interconnected, the demand for power management ICs is expected to grow. The integration process of next-gen mobile networks like 4G and 5G, along with the increasing popularity of mobile services, will further fuel this growth. Power management ICs are essential for managing electrical power flow in machine power, travel bans, and connected devices, ensuring the efficient use of electrical power and maintaining voltage safety.
The miniaturization of semiconductor devices is the upcoming trend in the market. The integration of advanced technologies in gadgets such as smartphones, tablets, smartwatches, IoT devices, and wearable electronics necessitates the use of sophisticated power management solutions. Power management ICs play a crucial role in optimizing electrical power flow in portable electronics, including battery-operated devices like cell phones. These components enable voltage safety, voltage monitoring, heat dissipation, and power controls, ensuring energy efficiency and prolonging battery life. Moreover, the increasing adoption of renewable energy sources like solar and wind power in data centers, electric vehicles (EVs), and other applications necessitates the development of energy-efficient power management ICs. These semiconductor components facilitate data processing, storage, data security, and machine power management while minimizing energy consumption.
Furthermore, power management ICs, including voltage regulators, battery management ICs, precision voltage references, and programmable voltage references, are essential for managing the electrical power flow in various applications. As the integration process continues, these chips will become increasingly important for powering next-gen mobile networks, such as 4G and 5G, and enabling the growth of connected devices and mobile services. The miniaturization of semiconductor devices, with circuit line widths in the 10 nm-20 nm range, is essential for reducing board space and improving power efficiency. Power management ICs contribute to this trend by enabling the integration of multiple power management functions into a single chip. This innovation is particularly important for the development of compact, high-performance electronic systems, including those used in travel bans and other applications where size and weight are critical factors.
The increasing complexity of power management IC design is a key challenge affecting the market growth. The market for power management ICs (Integrated Circuits) in electronic systems, including gadgets such as smartphones, tablets, smartwatches, IoT devices, wearable electronics, electric vehicles (EVs), and renewable energy applications, is experiencing significant growth. The demand for longer battery life in portable electronics and the integration of advanced features in these devices have led to the increased use of power management ICs. These ICs are essential for managing electrical power flow, power controls, voltage safety, and voltage monitoring in battery-operated devices like cell phones.
Moreover, the integration of precision voltage references, programmable voltage references, and voltage regulators in power management ICs enables efficient power usage in data centers, data processing, storage, and data security systems. The focus on energy efficiency and heat dissipation in semiconductor components is also driving the adoption of power management ICs in machine power, travel bans on certain consumer electronic devices, and the proliferation of connected devices and mobile services on next-gen mobile networks, such as 4G and 5G.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Infineon Technologies AG - The company offers smartphone power management IC which includes Low Drop Out (LDO) Voltage Regulators, uP Supervisors, and Power Management Solutions for Portable and Low Power Applications.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The global market for power management ICs (PMICs) in electronic systems is witnessing significant growth due to the increasing demand for longer battery life in portable electronics such as smartphones, tablets, smartwatches, and IoT devices. The proliferation of wearable electronics, electric vehicles (EVs), and renewable energy systems like solar and wind power, also contributes to the market's expansion. PMICs play a crucial role in managing electrical power flow, power controls, voltage safety, voltage monitoring, and heat dissipation in these battery-operated devices. Moreover, the integration of PMICs in machine power, data centers, and data processing, storage, and data security systems is driving the market's growth.
Furthermore, energy efficiency, precision voltage references, programmable voltage references, and chips are essential components of PMICs, making them indispensable in various applications. The increasing adoption of consumer electronic devices, connected devices, mobile services, next-gen mobile networks like 4G and 5G, and the growing trend of voltage regulators in battery-operated gadgets further boost the market's growth. The market is expected to experience substantial growth in the coming years, with a focus on enhancing energy efficiency, reducing power consumption, and ensuring voltage safety and monitoring.
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Market Scope |
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Report Coverage |
Details |
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Page number |
185 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.07% |
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Market growth 2024-2028 |
USD 887.02 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.48 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 71% |
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Key countries |
US, Canada, China, South Korea, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Analog Devices Inc., Infineon Technologies AG, MagnaChip Semiconductor Corp., MediaTek Inc., Microchip Technology Inc., Nisshinbo Holdings Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qorvo Inc., Qualcomm Inc., Renesas Electronics Corp., Richtek Technology Corp., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Semtech Corp., STMicroelectronics International NV, Texas Instruments Inc., Toshiba Corp., and Diodes Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Price
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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