In the latest report by Future Market Insights, the lead research consultant estimates the global Power Management Integrated Circuit Market value to reach USD 31.2 billion in 2024.
The upward trajectory will continue securing growth, with projections indicating a market value of USD 57.9 billion by 2034. This equates to a moderate CAGR of 6.4% through the forecast period.
The global Power Management Integrated Circuit (PMIC) market is witnessing substantial growth, driven by increasing demand for energy-efficient electronic devices, advancements in semiconductor technology, and the proliferation of smart devices. With the rising adoption of electric vehicles (EVs), IoT devices, and renewable energy systems, PMICs are becoming critical components for optimizing power consumption and improving performance.
Get Ahead with Our Report: Request Your Sample Now!
https://www.futuremarketinsights.com/report-sample#5245502d47422d34333637
Market Growth Drivers:
- Surging Demand for Consumer Electronics – Increasing adoption of smartphones, laptops, and wearables requiring efficient power management.
- Growth of Electric Vehicles (EVs) and Automotive Electrification – Rising integration of PMICs in battery management and automotive power systems.
- Expansion of IoT and Smart Devices – Increasing need for low-power and high-efficiency ICs in connected devices.
- Renewable Energy Integration – Demand for efficient power management in solar and wind energy systems.
- Advancements in Semiconductor Technology – Innovations in miniaturization and high-efficiency PMIC designs.
Key Growth Opportunities:
- Development of Next-Generation PMICs – Enhanced efficiency, AI-driven power management, and integration with advanced semiconductor materials.
- Rising Adoption in Automotive and Industrial Applications – Increased use in EVs, automation, and robotics.
- Expansion of 5G Networks – Growing demand for power management in network infrastructure and mobile devices.
- Smart Wearables and Medical Devices – Enhanced battery efficiency in portable healthcare and fitness devices.
Applications of Power Management ICs:
- Consumer Electronics – Smartphones, tablets, laptops, and smart home devices.
- Automotive & EVs – Battery management, infotainment systems, and ADAS power control.
- Industrial & IoT – Smart sensors, automation systems, and edge computing.
- Telecommunications – Network infrastructure, 5G base stations, and data centers.
- Healthcare & Wearables – Medical monitoring devices, fitness trackers, and remote patient care.
Exhaustive Market Report: A Complete Study
https://www.futuremarketinsights.com/reports/power-management-integrated-circuit-market
Key Market Players:
- Texas Instruments Incorporated
- Analog Devices, Inc.
- Infineon Technologies AG
- Qualcomm Technologies, Inc.
- STMicroelectronics N.V.
- ON Semiconductor Corporation
- NXP Semiconductors
- Renesas Electronics Corporation
- Maxim Integrated (acquired by Analog Devices)
- Toshiba Corporation
Market Segmentation:
By Type:
- Voltage Regulators
- Battery Management ICs
- LED Driver ICs
- Power Factor Correction (PFC) ICs
By Application:
- Consumer Electronics
- Automotive
- Industrial
- Telecommunications
- Healthcare
By End-User:
- OEMs
- Semiconductor Manufacturers
- Research & Development Institutions
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
