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The power management integrated circuit (pmic) market size is forecast to increase by USD 10.73 billion at a CAGR of 5.2% between 2024 and 2029.
The power management integrated circuit (pmic) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The voltage regulators segment is estimated to witness significant growth during the forecast period. Voltage regulators, specifically Power Management Integrated Circuits (PMICs), are essential components in maintaining a consistent power supply for electronic devices. PMICs integrate various functions such as battery chargers, voltage regulators, and battery management ICs into a single chip. They are utilized in a diverse range of applications, including portable devices, home appliances, communication systems, consumer electronics, automotive ICs, and lighting ICs. PMICs ensure efficient power management by minimizing power consumption, extending battery life, and reducing electromagnetic interference (EMI). Advanced PMICs, such as configurable and DC/DC regulators, offer high power density and thermal performance. With the increasing demand for energy-efficient, battery-powered devices, PMICs have gained significant importance in various sectors, including electric vehicles (EVs), data centers, and telecommunications.
PMICs are manufactured using advanced semiconductor materials like Gallium Nitride (GaN) and Silicon Carbide (SiC), enabling high power handling and quick charging capabilities. The global market for PMICs is expected to grow significantly due to the increasing adoption of smart devices, IoT, 5G networks, and the decarbonization of road transport.
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The Voltage regulators segment was valued at USD 10.54 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 45% 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 market In the Asia Pacific (APAC) region is witnessing notable growth, driven by the region's thriving electronics industry. With countries like China, Japan, South Korea, and Taiwan being major players in electronics manufacturing, the demand for power management ICs is increasing. The electronics industry's expansion, fueled by consumer electronics, automotive electronics, industrial automation, and IoT applications, is a significant factor. APAC is the largest market for smartphones worldwide, with China, India, and Indonesia being major contributors. PMICs are essential components for powering and managing the energy consumption of various electronic devices, including battery-powered gadgets, battery chargers, voltage regulators, bipolar ICs, automotive ICs, lighting ICs, motion ICs, microprocessor supervisory ICs, sensor ICs, battery management ICs, portable devices, LED driver ICs, MX processors, configurable PMICs, DC/DC regulators, home appliances, communication, Internet, consumer electronics, telecom, networking, military electronics, medical electronics, smartphones, fitness trackers, building control, Li-ion batteries, coin cell batteries, and electronic components.
The PMIC market's growth is influenced by factors such as power density, battery life, electromagnetic interference (EMI), circuit design technologies, thermal performance, electric vehicles (EVs), and decarbonize road transport's global energy-related emissions. Semiconductor manufacturers are focusing on advanced materials like Gallium Nitride (GaN) and Silicon Carbide (SiC) to improve power management solutions' efficiency. The market's growth is further fueled by the increasing demand for power management ICs in data centers, telecommunications, energy usage, quick charging, power distribution, OLED screens, and various industries, including the automotive sector, battery charging, and low voltage regulators.
Our researchers analyzed the data with 2024 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. Moreover, the PMIC market is subject to regulatory compliance, which is driving the adoption of advanced semiconductor materials such as silicon carbide and system-on-chip (SoC) solutions for high power applications. The market is also witnessing the emergence of new applications in areas such as lithium-ion batteries for electric vehicles and computer systems.Overall, the PMIC market is expected to grow significantly due to these trends and the increasing demand for efficient power management solutions.
The power management integrated circuit (pmic) 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 power management integrated circuit (pmic) market 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, power management integrated circuit (pmic) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Allegro MicroSystems Inc. - The market encompasses the production and sale of advanced semiconductor solutions that regulate, convert, and manage power in electronic systems. These circuits, such as the A4408 power management IC, are integral to optimizing power consumption and ensuring efficient energy utilization in various applications.
The industry 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 industry 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 market encompasses a diverse range of semiconductor components that enable efficient power conversion and management in various electronic systems. These circuits play a crucial role in ensuring optimal energy utilization and enhancing the performance of battery-powered devices. Battery-powered devices, including portable electronics and electric vehicles (EVs), are driving the growth of the PMIC market. PMICs are essential for managing the power supply In these devices, ensuring consistent voltage levels and efficient energy utilization. Voltage regulators, DC/DC converters, and battery management systems are among the key PMIC types used in battery-powered devices. PMICs are also extensively used in various sectors such as automotive, lighting, motion detection, and communication.
In the automotive sector, PMICs are used for battery charging, voltage regulation, and power distribution in hybrid and electric vehicles. In the lighting sector, PMICs are used to manage the power supply to LED drivers, ensuring efficient and consistent power delivery. PMICs are also critical in various communication systems, including telecom networks, data centers, and consumer electronics. In telecom networks, PMICs help manage power in base stations and other communication equipment, ensuring reliable and efficient power delivery. In consumer electronics, PMICs are used to manage power in smartphones, fitness trackers, and other portable devices. The PMIC market is also witnessing significant growth In the areas of energy efficiency, power density, and thermal performance.
Energy efficiency is a critical consideration In the design of PMICs, as it directly impacts the overall power consumption and battery life of the devices they power. Power density and thermal performance are also essential factors, as they impact the size and weight of the devices and their ability to operate in various temperature environments. The PMIC market is also witnessing significant advancements in circuit design technologies, including the use of gallium nitride (GaN) and silicon carbide (SiC) semiconductor materials. These materials offer improved power handling capabilities, higher efficiency, and lower electromagnetic interference (EMI), making them ideal for use in PMICs for various applications.
The PMIC market is also being driven by the increasing demand for quick charging and the need for efficient power distribution in various sectors. In the automotive sector, the decarbonization of road transport is a significant driver, with EVs becoming increasingly popular. In the consumer electronics sector, the proliferation of smart devices, IoT, and AI is driving the need for more efficient power management solutions. In conclusion, the PMIC market is a dynamic and growing sector that plays a crucial role in enabling efficient power management and utilization in various electronic systems. The market is driven by the increasing demand for battery-powered devices, energy efficiency, power density, and thermal performance, and is witnessing significant advancements in circuit design technologies.
The market is also being influenced by various trends, including the growth of the automotive, communication, and consumer electronics sectors, and the increasing demand for quick charging and efficient power distribution.
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Market Scope |
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Report Coverage |
Details |
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Page number |
227 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.2% |
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Market growth 2025-2029 |
USD 10.73 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
4.8 |
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Key countries |
US, China, Japan, India, Canada, South Korea, UK, Germany, Italy, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by End-user
10 Market Segmentation by Usage
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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