How much is the power management ic market worth, and how is it expected to expand?
The power management ic market size has grown strongly in recent years. It will grow from $33.88 billion in 2024 to $36.46 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to electric vehicle (EV) growth, the growth of the Internet of Things (IoT), the increasing popularity of wearable devices, the expansion of smart home devices and systems, and rising industrial automation and robotics.
The power management ic market size is expected to see strong growth in the next few years. It will grow to $48.23 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to advancements in semiconductor technology, growth in consumer electronics, increased battery life requirements, renewable energy integration, and the expansion of telecommunications networks. Major trends in the forecast period include sustainability and green technology, smart grid and renewable energy integration, wireless charging solutions, advanced battery management systems (BMS), integration of artificial intelligence, and machine learning.
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What are the key drivers behind the rapid expansion of the power management ic market?
The growing adoption of electric vehicles (EVs) is expected to propel the growth of the power management IC market going forward. Electric vehicles (EVs) are vehicles powered by electric motors using energy stored in rechargeable batteries, offering a sustainable alternative to traditional internal combustion engine vehicles. The growing adoption of electric vehicles (EVs) is due to their environmental benefits, technological advancements, and increasing infrastructure support for charging stations. Power management ICs in electric vehicles (EVs) optimize battery usage, manage power distribution, and enhance overall energy efficiency. They ensure reliable performance and prolong battery life. For instance, in July 2023, according to the Internal Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of that year, a 25% increase from the same period last year. By the end of 2023, sales are expected to reach 14 million, representing a 35% year-on-year increase, with growth accelerating in the second half of the year. Therefore, the growing adoption of electric vehicles (EVs) is driving the growth of the power management IC market.
What is the segmentation for the 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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Who are the most influential companies 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 are the most influential trends expected to drive the power management ic market forward?
Major companies operating in the power management IC market are focusing on developing advanced technologies such as filter-integrated circuits that enhance system functionality at reduced system cost. Filter-integrated circuits are semiconductor devices designed to process and manipulate electronic signals by selectively allowing certain frequencies to pass while attenuating others. They are commonly used in signal processing and communication systems. For instance, in March 2023, Texas Instruments Inc., a US-based semiconductor company, launched active electromagnetic interference (EMI) filter integrated circuits (ICs) that support high-density power supply designs. These ICs integrate sensing, filtering, gain, and injection stages and come in a SOT-23 14-pin package. They are designed to reduce common-mode (CM) electromagnetic interference (EMI) in single-phase power supply systems, resulting in smaller, lighter, and more cost-effective filter designs.
What are the major regional insights for the power management ic market, and which region holds the top position?
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.
What Does The Power Management IC Market Report 2025 Offer?
The power management ic market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A power management IC (integrated circuit) is a specialized electronic component designed to manage the power requirements of a device, efficiently distributing and regulating voltage and current. It integrates various power control functions, such as voltage regulation, power sequencing, and battery management, into a single chip.
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