Power Management Integrated Circuit Market Size, Share, And Growth Report 2032

Power Management Integrated Circuit Market: Size

The global Power Management Integrated Circuit Market size was worth around USD 39.45 billion in 2023 and is predicted to grow to around USD 78.85 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.00% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Power Management Integrated Circuit Market on a global and regional level.

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Power Management Integrated Circuit Market: Overview

Power management ICs are devices used to control the direction and flow of electrical power. They comprise multiple voltages and sources of external power. When these ICs are incorporated into other devices, they improve the comprehensive layout and operational efficiency by providing higher energy conversion and better heat dissipation.

The global power management intergraded circuit market is likely to grow significantly in the years ahead, owing to the rising need for energy conservation. Technological innovations in the smartphones will also drive the power management integrated circuit market, as it improves its cost and performance and decreases carbon footprints. According to a study conducted by CNET on July 23, 2019, the growth in smartphones has resulted in huge carbon dioxide gas emissions. Recently, the demand for electric vehicles has gone up to reduce carbon emission levels globally, which is also estimated to contribute to the power management integrated circuit market. Moreover, rapid developments and increasing energy consumption are fuelling the manufacturing of energy-efficient integrated circuits. In addition, the initiatives taken by various governments to reduce energy emission and energy costs alongside reducing consumption are further expected to propel the power management integrated circuit market in the upcoming years.

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Power Management Integrated Circuit Market: Segmentation

Power management integrated circuit market is segmented based on the product, end-use. and the region.

The product segment of the power management integrated circuit market includes integrated ASSP power management IC, voltage regulators, microprocessor supervisory IC, battery management IC, and motor control IC.

On the basis of end-use, the power management intergraded circuit market includes consumer electronics, automotive, telecom and networking, and others.

Power Management Integrated Circuit Market: Report Scope

Power Management Integrated Circuit Market: Regional Analysis

The regional segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., France, UK, Germany, China, Japan, India, Brazil, and Argentina.

By region, the North American power management integrated circuit market is likely to grow significantly over the years ahead, owing to the surging demand for smartphones, growing automotive purchases, and rising consumer preference for electric vehicles. In addition, stringent government policies for optimum utilization of available energy are also driving this regional market. The Asia Pacific region is expected to hold a substantial share of the global market in the future, owing to the presence of developing countries like India and China. The growing adoption of consumer electronics has led to further market growth in this region. The regional government plans on investing in constructing high-speed rail and flourishing telecommunication sector are also likely to drive the Asia Pacific power management integrated circuit market.

Power Management Integrated Circuit Market: Competitive Players

Some leading players of the global power management integrated circuit market are:

• STMicroelectronics (Switzerland)
• Semiconductor (U.S.)
• Dialog Semiconductor (UK)
• Analog Devices (U.S.)
• Linear Technology (U.S.)
• Texas Instruments (U.S.)
• Maxim Integrated Products (U.S.)

The Global Power Management Integrated Circuit Market is segmented as follows:

Power Management Integrated Circuit Market: Product Analysis

• Voltage Regulators
• Motor Control IC
• Integrated ASSP Power Management IC
• Battery Management IC
• Microprocessor Supervisory IC

Power Management Integrated Circuit Market: End-Use Analysis

• Automotive
• Consumer Electronics
• Telecom and Networking
• Others

Power Management Integrated Circuit Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa