Power Integrated Circuit Market Size (2024 - 2029)

The power integrated circuit market is poised for growth, driven by technological advancements and the increasing demand for battery-operated devices. The expansion of next-generation mobile networks, particularly with the rollout of 5G, is expected to significantly enhance the market's scope. The demand for power management integrated circuits is also rising due to the advancement of communication devices and consumer electronics with smart features. However, challenges such as the cyclical nature of the semiconductor industry and the reduced size of printed circuit boards may impede market growth. Despite these challenges, the market's potential is bolstered by the increased production efficiency from larger wafers and the strategic stockpiling by vendors during supply chain disruptions.

Market Size of Power Integrated Circuit Industry

Power Integrated Circuit Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.10 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Power Integrated Circuit Market Major Players

*Disclaimer: Major Players sorted in no particular order

Power Integrated Circuit Market Analysis

The power integrated circuit market is expected to register a CAGR of 6.1% over the forecast period. Furthermore, the rise in technological advancement and demand for battery-operated devices are the significant drivers fueling the need for the market in the forecast period. According to IDC, India's overall PC market was expected to increase to over 15 million units by 2022, up from 10 million units in the previous year.

  • Increased usage of next-generation mobile networks, such as 4G and 5G, is expected to evolve into an essential driving factor for market growth. Also, with the rollout of the 5G market, new devices need to be installed, which is expected to expand the market's scope further. According to Ericsson, 5G connections are anticipated to reach 4.4 billion by 2027.
  • Furthermore, the appearance of 5G technology has significantly improved investment in telecom base stations, driving demand for power management integrated circuits. Countries across the world are making significant efforts to upgrade their telecommunications infrastructure. For instance, in July 2022, Nokia signed a five-year deal with Norwegian mobile operator Ice to upgrade and extend its 5G radio network infrastructure nationwide. About 3200 base stations were to be modernized as part of the agreement, and an additional 3900 unique base stations are expected to be deployed in the country.
  • The advancement in the demand for communication devices, such as call-enabled tablets and portable navigational devices (PNDs), also scales the requirement for power management ICs. Consumer electronic products have also transformed substantially recently, with vendors introducing advanced electronic gadgets with smart features such as touchscreen displays, keypads, and in-built memory, which in turn has increased the need for power management ICs in the market.
  • Power management significantly affects the device's efficiency, whether it is an ultra-low-power wireless sensor network or an automotive high-voltage power converter. With a rise in proper power management, companies manufacture customized power management integrated chips.
  • However, the cyclical nature of the semiconductor industry and the reduced size of printed circuit boards are predicted to hinder market growth. For instance, the shift toward 300-mm wafers from 200-mm wafers and the introduction of 450-mm wafers are expected to increase the production of chips per wafer. This is likely to result in a low ASP for power management ICs, increasing their adoption across all application sectors.
  • Since the outbreak of COVID-19, the integrated circuit manufacturing industry was severely hit with a significant influence on its supply chain and production facilities as production came to a standstill in China and Taiwan, especially during the initial phase, which influenced the production of various OEMs across the globe. However, a significant share of major vendors stocked up on electronics due to the Chinese New Year, which helped mitigate the risk.

Power Integrated Circuit Industry Segmentation

An integrated circuit, sometimes called a chip, microchip, or microelectronic circuit, is a semiconductor wafer on which thousands or millions of tiny resistors, diodes, capacitors, and transistors are fabricated. It operates as a switch or rectifier in high-voltage applications such as automotive, solar, power supplies, and trains. The ICs allow the electricity to flow in the "on" form and stop it in the "off" condition. The studied market is segmented by various types, such as DC-DC switching regulators, Power Management IC, battery management IC, gate Driver IC, and linear regulators among different end-user applications such as automotive (body and convenience), automotive (chassis & safety), automotive (EV/HEV powertrain), automotive (ICE powertrain), consumer (appliances), consumer (television), industrial (automation), industrial (building automation), industrial (energy & Power), industrial (medical), communication (enterprise ethernet switches and routers), communication (other wired), communication (wireless), computing & data storage in multiple geographies (Americas, Europe, Middle East & Africa, and Asia-Pacific). The impact of COVID-19 on the market and impacted segments is also covered under the scope of the study. Further, the disruption of the factors affecting the market's expansion in the near future has been covered in the study regarding drivers and restraints. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Type
DC-DC Switching Regulators
Power Management IC
Battery Management IC
Gate Driver IC
Linear Regulators
Other Power ICs (voltage references, power management ICs, power sequencers, integrated power stage etc.)
By End-User Applications
Automotive (Body and Convenience)
Automotive (Chassis & Safety)
Automotive (EV/HEV Powertrain)
Automotive (ICE Powertrain)
Consumer (Appliances)
Consumer (Television)
Industrial (Automation)
Industrial (Building Automation)
Industrial (Energy & Power)
Industrial (Medical)
Communication (Enterprise Ethernet Switches and Routers)
Communication (Other Wired)
Communication (Wireless)
Computing & Data Storage
By Geography
Americas
Europe, Middle East & Africa
Asia-Pacific
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Power Integrated Circuit Market Size Summary

The power integrated circuit market is poised for significant growth, driven by technological advancements and the increasing demand for battery-operated devices. The proliferation of next-generation mobile networks, particularly 4G and 5G, is a key factor propelling market expansion. The rollout of 5G technology necessitates the installation of new devices, thereby broadening the market's scope. This technological shift has led to heightened investments in telecom infrastructure, such as base stations, which in turn boosts the demand for power management integrated circuits. The market is also experiencing growth due to the rising demand for communication devices and consumer electronics, which require advanced power management solutions to enhance device efficiency. Despite challenges posed by the cyclical nature of the semiconductor industry and the trend towards smaller printed circuit boards, the market is expected to benefit from innovations in power management ICs and the increasing adoption of DC-to-DC switching regulators.

The market landscape is competitive, with major players like Analog Devices Inc., Renesas Electronics Corporation, and Texas Instruments Inc. leading the charge through innovation and strategic partnerships. The demand for power management integrated circuits is further fueled by the automotive sector's shift towards electric vehicles, which require highly integrated system PMICs for various applications. Government initiatives in regions like India, aimed at boosting electronics manufacturing, are also contributing to market growth. The introduction of new products and technologies, such as ROHM's automotive LDO regulator ICs and Mitsubishi Electric's high-voltage integrated circuits, underscores the industry's focus on enhancing performance and reducing power consumption. These developments, coupled with strategic acquisitions and investments, are expected to drive the market forward, addressing the growing need for efficient power management solutions across diverse applications.

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Power Integrated Circuit Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 DC-DC Switching Regulators

      2. 2.1.2 Power Management IC

      3. 2.1.3 Battery Management IC

      4. 2.1.4 Gate Driver IC

      5. 2.1.5 Linear Regulators

      6. 2.1.6 Other Power ICs (voltage references, power management ICs, power sequencers, integrated power stage etc.)

    2. 2.2 By End-User Applications

      1. 2.2.1 Automotive (Body and Convenience)

      2. 2.2.2 Automotive (Chassis & Safety)

      3. 2.2.3 Automotive (EV/HEV Powertrain)

      4. 2.2.4 Automotive (ICE Powertrain)

      5. 2.2.5 Consumer (Appliances)

      6. 2.2.6 Consumer (Television)

      7. 2.2.7 Industrial (Automation)

      8. 2.2.8 Industrial (Building Automation)

      9. 2.2.9 Industrial (Energy & Power)

      10. 2.2.10 Industrial (Medical)

      11. 2.2.11 Communication (Enterprise Ethernet Switches and Routers)

      12. 2.2.12 Communication (Other Wired)

      13. 2.2.13 Communication (Wireless)

      14. 2.2.14 Computing & Data Storage

    3. 2.3 By Geography

      1. 2.3.1 Americas

      2. 2.3.2 Europe, Middle East & Africa

      3. 2.3.3 Asia-Pacific

Power Integrated Circuit Market Size FAQs

The Power Integrated Circuit Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)

NXP Semiconductors N.V., STMicroelectronics NV, Analog Devices Inc., Maxim Integrated Products and Texas Instruments Inc. are the major companies operating in the Power Integrated Circuit Market.

Power Integrated Circuit Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)