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Study Period | 2019 - 2030 |
Market Size (2025) | USD 37.44 Billion |
Market Size (2030) | USD 45.90 Billion |
CAGR (2025 - 2030) | 4.16 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Power Management Integrated Circuit (PMIC) Market Analysis
The Power Management Integrated Circuit Market size is estimated at USD 37.44 billion in 2025, and is expected to reach USD 45.90 billion by 2030, at a CAGR of 4.16% during the forecast period (2025-2030).
The power management integrated circuit industry has emerged as a critical component of the semiconductor sector, driven by increasing demands for efficient power consumption and enhanced performance in electronic devices. The industry is witnessing a fundamental shift as Moore's Law approaches its physical limits, placing unprecedented emphasis on low power and energy-efficient design solutions. Power management ICs are now playing a pivotal role in reducing system power consumption and achieving energy optimization across various applications, from consumer electronics to industrial systems.
The technological landscape of PMICs is evolving rapidly, with significant advancements in power density and electromagnetic interference (EMI) management. Power designers are innovating to accommodate more circuitry while maintaining efficiency and thermal performance, which is particularly crucial as board areas and height become limiting factors. According to industry data, electromagnetic interference has become a key consideration in electronic systems, especially in automotive and industrial applications, where low EMI IC designs can significantly reduce development cycle times and solution costs.
The integration of power management integrated circuits in automotive applications has witnessed remarkable growth, particularly in electric vehicles and advanced driver assistance systems (ADAS). The International Energy Agency reports that approximately 25.9 million electric vehicles were on roads worldwide in 2022, with all-electric vehicles accounting for about 69.5% of plug-in electric vehicles. This trend is accelerating, with estimates suggesting that 18% of new cars sold in 2023 will be electric, highlighting the growing importance of power management solutions in the automotive sector.
The telecommunications sector is experiencing a significant transformation with the rollout of 5G networks, creating new demands for power management solutions. The adoption of 5G technology has been particularly strong in Asia-Pacific, with South Korea reporting 29.13 million 5G subscribers as of February 2023, marking a 113% increase from February 2021. This rapid expansion of 5G infrastructure is driving innovations in PMIC design to address the unique power requirements of next-generation communication systems while maintaining efficiency and reliability.
Power Management Integrated Circuit (PMIC) Market Trends
Growing Demand for Energy-Efficient Battery-Powered Devices
The increasing proliferation of battery-powered devices has become a primary driver for the PMIC market, with energy efficiency emerging as a critical requirement across various applications. In battery-operated systems, the need to achieve high efficiency at no or light-load conditions has been driving the development of advanced power solutions that can tightly regulate output while maintaining ultra-low supply current. This is particularly crucial for portable devices where battery life directly impacts user experience and device functionality.
The demand is further amplified by the growing adoption of wearable devices and IoT applications. These devices typically utilize small batteries with reduced runtime, requiring sophisticated power management systems that can effectively manage voltage rails and implement efficient power-saving modes. PMICs enable these devices to operate for extended periods between charges by providing flexible power management solutions that can enable or disable power blocks as needed. The integration of health and fitness tracking features in wearable devices, including sleep tracking, heart rate monitoring, and step counting, has created additional requirements for efficient power management solutions that can support continuous monitoring while maximizing battery life.
Electrification Trend in the Automotive Sector
The automotive industry's shift toward electrification represents a significant driver for the PMIC market, with electric vehicles requiring sophisticated power management solutions for various systems and components. The International Energy Agency reports that electric vehicle sales are expected to continue growing strongly, with approximately 13.7 million plug-in electric vehicles estimated to be sold in 2023. This growth is supported by ambitious policy programs in major economies, including the EU's Fit for 55 packages and the US Inflation Reduction Act.
The electrification trend extends beyond just battery management to encompass various automotive systems requiring efficient power management. Advanced driver assistance systems (ADAS), infotainment systems, and various sensors all require sophisticated power management solutions. The increasing complexity of automotive electrical systems, coupled with the need for higher charging power requirements across various levels, is driving innovation in PMIC design. This is evidenced by recent developments in the industry, such as Renesas Electronics Corporation's launch of an automotive PMIC for next-generation camera applications in November 2022, which features multiple power rails and functional safety compliance for automotive camera applications.
Segment Analysis: By Product
Voltage Regulators Segment in Power Management IC Market
The voltage regulator IC segment continues to dominate the global power management IC market, holding approximately 26% market share in 2024. These devices are widely deployed across various applications due to their critical role in maintaining consistent voltage output regardless of load conditions or input voltage fluctuations. The segment's prominence is driven by the growing adoption in noise-sensitive, cost-sensitive, and space-constrained applications, particularly in consumer electronics like wearables, headphones, and Internet of Things (IoT) devices. Voltage regulator ICs are also gaining significant traction in industrial settings where high-power equipment requires precise voltage regulation. The segment's strong position is further reinforced by the increasing demand for both linear and switching voltage regulators in modern power distribution centers delivering AC power to industrial and residential customers.
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Battery Management ICs Segment in Power Management IC Market
The battery management IC segment is experiencing the fastest growth in the power management IC market, projected to grow at approximately 5% during 2024-2029. This robust growth is primarily driven by the increasing adoption of battery-powered devices across various sectors, particularly in consumer electronics and automotive applications. The segment's expansion is fueled by the rising demand for efficient battery charging solutions, enhanced battery life management, and sophisticated protection mechanisms in modern electronic devices. The growth is further accelerated by the automotive industry's shift towards electric vehicles, where battery management ICs play a crucial role in ensuring optimal battery performance, safety, and longevity. The segment is also benefiting from technological advancements in battery chemistry and the increasing focus on energy efficiency across industries.
Remaining Segments in Power Management IC Market
The power management IC market encompasses several other significant segments, including motor control ICs, multi-channel PMICs, and other specialized products. Motor control ICs are gaining importance in industrial automation and consumer applications, offering enhanced efficiency and precise control in variable-speed motor applications. Multi-channel PMICs are becoming increasingly vital in complex electronic systems that require multiple power rails and sophisticated power management solutions. The other products category includes various specialized PMICs designed for specific applications, such as LED driver ICs, power switches, and specialized voltage references, each contributing to the market's diverse application landscape and technological advancement.
Segment Analysis: By End User
Consumer Electronics Segment in Power Management IC Market
The consumer electronics segment dominates the global power management IC market, commanding approximately 51% of the market share in 2024. This significant market position is driven by the increasing adoption of portable devices and the growing demand for efficient power management solutions in smartphones, tablets, wearables, and other consumer electronic devices. The segment's dominance is further strengthened by the rising integration of advanced features in consumer electronics that require sophisticated power management solutions, such as 5G connectivity, high-performance processors, and enhanced display technologies. The continuous innovation in consumer electronics, particularly in areas like smartwatches, fitness trackers, and smart home devices, coupled with the increasing focus on extending battery life and improving device performance, continues to drive the demand for power management chips in this segment.
Automotive Segment in Power Management IC Market
The automotive segment is emerging as the fastest-growing sector in the power management IC market, with a projected growth rate of approximately 5% during the forecast period 2024-2029. This remarkable growth is primarily attributed to the rapid electrification of vehicles and the increasing adoption of advanced driver assistance systems (ADAS). The segment's growth is further accelerated by stringent government regulations promoting electric vehicle adoption and the integration of sophisticated electronic systems in modern vehicles. The rising demand for efficient power management solutions in electric vehicles, particularly for battery management, motor control ICs, and charging systems, is driving significant innovations in automotive PMICs. Additionally, the increasing focus on vehicle safety features and the growing trend of autonomous vehicles are creating new opportunities for power control IC applications in the automotive sector.
Remaining Segments in Power Management IC Market
The industrial, computing, and communication segments, along with other end-users, constitute significant portions of the power management IC market, each serving unique applications and requirements. The industrial segment is particularly notable for its applications in smart manufacturing, automation, and Industry 4.0 initiatives. The computing segment continues to evolve with the growing demands of data centers, personal computers, and high-performance computing applications. The communication segment is driven by the ongoing expansion of 5G infrastructure and telecommunications equipment. Other end-user applications include aerospace, defense, and medical devices, where power management ICs play crucial roles in ensuring reliable and efficient operation of critical systems.
Power Management Integrated Circuit Market Geography Segment Analysis
Power Management Integrated Circuit Market in North America
The North American power management integrated circuit market maintains a robust position, commanding approximately 22% of the global PMIC market size in 2024. The region's dominance is primarily attributed to its strong semiconductor manufacturing capabilities and the presence of leading technology firms. The United States, in particular, plays a pivotal role with its advanced electronic device ecosystem and growing emphasis on energy-efficient solutions. The region's market is driven by substantial investments in semiconductor manufacturing, supported by government initiatives and strategic vendor collaborations. The increasing adoption of advanced technologies like 5G, IoT, and electric vehicles is creating new opportunities for PMIC applications. The consumer electronics sector, particularly smartphones and wearable devices, continues to be a significant growth driver. Additionally, the automotive sector's transition towards electric and autonomous vehicles is creating substantial demand for sophisticated power management solutions. The region's focus on research and development, coupled with the presence of major PMIC manufacturers, continues to foster innovation in power management integrated circuits.
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Power Management Integrated Circuit Market in Europe
The European power management integrated circuit market has demonstrated steady progression, recording a growth rate of approximately 3% from 2019 to 2024. The region's market is characterized by its strong automotive manufacturing base and increasing focus on sustainable energy solutions. The European Union's ambitious environmental targets and stringent regulations regarding energy efficiency are reshaping the demand for power management solutions. The region's automotive sector, particularly in Germany, continues to be a major growth driver as manufacturers accelerate their transition towards electric vehicles. The increasing adoption of Industry 4.0 technologies and smart manufacturing solutions is creating new opportunities for PMIC applications. The region's commitment to renewable energy and smart grid infrastructure is also driving demand for advanced power management solutions. European manufacturers are increasingly focusing on developing innovative PMIC solutions for emerging applications in industrial automation, renewable energy, and electric mobility. The presence of major automotive and industrial equipment manufacturers continues to provide a stable demand base for PMIC solutions.
Power Management Integrated Circuit Market in Asia-Pacific
The Asia-Pacific power management integrated circuit market is positioned for substantial growth, with a projected growth rate of approximately 5% from 2024 to 2029. The region represents the largest market for PMICs globally, driven by its dominant position in consumer electronics manufacturing and robust semiconductor industry. Countries like China, Japan, South Korea, and Taiwan are at the forefront of technological innovation and manufacturing capabilities. The region's market is characterized by extensive investments in manufacturing infrastructure and growing domestic demand for electronic devices. The rapid expansion of 5G infrastructure and increasing adoption of IoT devices are creating new opportunities for PMIC applications. The automotive sector's transformation, particularly in China and Japan, is driving demand for sophisticated power management solutions. The region's strong focus on renewable energy and smart city initiatives is further accelerating market growth. Additionally, government initiatives to boost domestic semiconductor manufacturing capabilities are creating favorable conditions for market expansion.
Power Management Integrated Circuit Market in Latin America
The Latin American power management integrated circuit market is experiencing steady growth, driven by increasing adoption of electronic devices and emerging opportunities in the automotive sector. The region's market is characterized by growing investments in telecommunications infrastructure and rising demand for consumer electronics. Countries like Brazil, Mexico, and Argentina are witnessing increased adoption of electric vehicles and renewable energy solutions, creating new opportunities for PMIC applications. The region's focus on industrial modernization and automation is driving demand for sophisticated power management solutions. The growing penetration of smartphones and other connected devices is creating a stable demand base for PMICs. The region's emerging startup ecosystem is fostering innovation in electronic device applications, while government initiatives to promote digital transformation are creating favorable conditions for market growth. Additionally, the increasing focus on energy efficiency and sustainable solutions is expected to drive future demand for advanced power management solutions.
Power Management Integrated Circuit Market in Middle East & Africa
The Middle East & Africa power management integrated circuit market is emerging as a promising growth region, driven by increasing investments in infrastructure development and digital transformation initiatives. The region's market is characterized by growing adoption of smart technologies and renewable energy solutions, particularly in Gulf Cooperation Council countries. The increasing focus on smart city initiatives and sustainable development is creating new opportunities for PMIC applications. The automotive sector's gradual transition towards electric vehicles, particularly in countries like South Africa and the UAE, is driving demand for power management solutions. The region's growing telecommunications infrastructure and increasing smartphone penetration are creating stable demand for PMICs. Government initiatives to promote industrial diversification and technological advancement are fostering market growth. The increasing focus on energy efficiency in building systems and industrial applications is expected to drive future demand for sophisticated power management solutions.
Power Management Integrated Circuit (PMIC) Market Overview
Top Companies in Power Management Integrated Circuit Market
The power management IC companies market is characterized by intense innovation and strategic developments among key players like Texas Instruments, Infineon, ON Semiconductor, Analog Devices, and STMicroelectronics. Companies are heavily investing in research and development to create advanced solutions for emerging applications in the automotive, consumer electronics, and industrial sectors. The industry demonstrates strong operational agility through vertical integration of manufacturing capabilities and strategic partnerships across the value chain. Market leaders are expanding their manufacturing footprint through significant investments in new facilities and technology upgrades, particularly in 300mm wafer production capabilities. There is also a notable trend toward developing specialized PMICs for specific applications while maintaining a focus on miniaturization and energy efficiency improvements.
Market Structure Shows High Entry Barriers
The power management IC companies market exhibits a concentrated structure dominated by large global semiconductor conglomerates with extensive manufacturing capabilities and robust distribution networks. These established players leverage their technological expertise, patent portfolios, and long-standing customer relationships to maintain their market positions. The industry has high entry barriers due to significant capital requirements, complex manufacturing processes, and the need for specialized technological expertise. The market also sees strategic collaborations between major players and regional manufacturers to strengthen their presence in emerging markets and access new technologies.
The industry is witnessing strategic consolidation through mergers and acquisitions, particularly aimed at expanding product portfolios and gaining access to new technologies and markets. Companies are increasingly focusing on acquiring specialized technology firms to enhance their capabilities in emerging areas like wide bandgap semiconductors and advanced power management semiconductor solutions. The market structure is further reinforced by long-term supply agreements with key customers, particularly in the automotive and industrial sectors, creating stable revenue streams for established players while making it challenging for new entrants to gain market share.
Innovation and Adaptability Drive Future Success
Success in the power management IC market increasingly depends on companies' ability to innovate and adapt to rapidly evolving technological requirements and end-user demands. Market leaders are focusing on developing customized solutions for specific applications while maintaining cost competitiveness through efficient manufacturing processes. Companies are also investing in next-generation technologies like silicon carbide and gallium nitride to address the growing demand for high-performance power management solutions. The ability to provide comprehensive solution packages, including software and support services, is becoming increasingly important for maintaining a competitive advantage.
Future market success will be significantly influenced by companies' ability to navigate regulatory requirements, particularly in areas like energy efficiency and environmental compliance. The concentration of end-users in sectors like automotive and consumer electronics necessitates strong relationships with key customers and the ability to meet their specific requirements. While substitution risk remains relatively low due to the essential nature of power management ICs, companies must continuously innovate to address emerging applications and maintain their market positions. New entrants can gain ground by focusing on niche applications or emerging technologies, though they must overcome significant barriers in terms of manufacturing capabilities and customer relationships.
Power Management Integrated Circuit (PMIC) Market Leaders
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Texas Instruments Incorporated
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Semiconductor Components Llc (onsemi)
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Analog Devices Inc.
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ROHM Co. Ltd
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Vishay Intertechnology Inc.
- *Disclaimer: Major Players sorted in no particular order
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Power Management Integrated Circuit (PMIC) Market News
- July 2023: Analog Devices Inc. revealed a significant investment exceeding USD 1 billion in expanding its semiconductor facilities located in Oregon. This ambitious expansion project is geared towards boosting production capacity, allowing the company to better cater to critical sectors such as communications, healthcare, industrial, automotive, and consumer electronics. Additionally, this endeavor is expected to generate hundreds of new, permanent job opportunities in the region.
- March 2023: Texas Instruments (TXN) introduced a new family of electromagnetic interference (EMI) filter integrated circuits (ICs) as part of its analog product offerings. This innovative IC family includes the TPSF12C1, TPSF12C3, TPSF12C1-Q1, and TPSF12C3-Q1, establishing them as the industry's pioneering stand-alone active EMI filter ICs.
Power Management Integrated Circuit (PMIC) Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHT
- 4.1 Market Overview
- 4.2 Industry Value Chain/Supply Chain Analysis
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Intensity of Competitive Rivalry
- 4.3.5 Threat of Substitutes
- 4.4 Impact of Macro Trends on the Market
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Growing Demand for Energy-efficient Battery-powered Devices
- 5.1.2 Electrification Trend in the Automotive Sector
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5.2 Market Restraints
- 5.2.1 Design Complexity and Performance Limitations in High-power Applications
6. MARKET SEGMENTATION
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6.1 By Product
- 6.1.1 Voltage Regulators
- 6.1.2 Motor Control ICs
- 6.1.3 Battery Management ICs
- 6.1.4 Multi-channel PMIC
- 6.1.5 Other Products
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6.2 By End-User
- 6.2.1 Automotive
- 6.2.2 Consumer Electronics
- 6.2.3 Industrial
- 6.2.4 Communication
- 6.2.5 Computing
- 6.2.6 Other End-Users
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6.3 By Geography
- 6.3.1 North America
- 6.3.2 Europe
- 6.3.3 Asia
- 6.3.4 Australia and New Zealand
- 6.3.5 Latin America
- 6.3.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles
- 7.1.1 Texas Instruments Incorporated
- 7.1.2 Semiconductor Components Industries LLC (Onsemi)
- 7.1.3 Analog Devices Inc.
- 7.1.4 ROHM Co. Ltd
- 7.1.5 Vishay Intertechnology Inc.
- 7.1.6 NXP Semiconductors N.V.
- 7.1.7 Infineon Technologies AG
- 7.1.8 Qualcomm Incorporated
- 7.1.9 Renesas Electronic Corporation
- 7.1.10 STMicroelectronics N.V.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Power Management Integrated Circuit (PMIC) Market Industry Segmentation
A power management integrated circuit (PMIC) is an integrated circuit that has wide applications because of its role in battery management, voltage regulation, and charging functions. These ICs are mostly used in battery-operated devices and consumer electronics, such as smartphones, Bluetooth headsets, and portable industrial and medical equipment. A PMIC is used to manage power on electronic devices or in modules on devices that may have a range of voltages. The PMIC manages battery power charging and sleep modes, DC-to-DC conversion, and scaling of voltages down or up, among others.
The power management integrated circuit market is segmented by product type (voltage regulators, motor control ICs, battery management ICs, and multi-channel PMICs), by end-user (automotive, consumer electronics, industrial, communication, and computing, Other End-Users), by geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value in (USD) for all the segments.
By Product | Voltage Regulators |
Motor Control ICs | |
Battery Management ICs | |
Multi-channel PMIC | |
Other Products | |
By End-User | Automotive |
Consumer Electronics | |
Industrial | |
Communication | |
Computing | |
Other End-Users | |
By Geography | North America |
Europe | |
Asia | |
Australia and New Zealand | |
Latin America | |
Middle East and Africa |
Power Management Integrated Circuit (PMIC) Market Research FAQs
How big is the Power Management Integrated Circuit Market?
The Power Management Integrated Circuit Market size is expected to reach USD 37.44 billion in 2025 and grow at a CAGR of 4.16% to reach USD 45.90 billion by 2030.
What is the current Power Management Integrated Circuit Market size?
In 2025, the Power Management Integrated Circuit Market size is expected to reach USD 37.44 billion.
Who are the key players in Power Management Integrated Circuit Market?
Texas Instruments Incorporated, Semiconductor Components Llc (onsemi), Analog Devices Inc., ROHM Co. Ltd and Vishay Intertechnology Inc. are the major companies operating in the Power Management Integrated Circuit Market.
Which is the fastest growing region in Power Management Integrated Circuit Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Power Management Integrated Circuit Market?
In 2025, the Asia Pacific accounts for the largest market share in Power Management Integrated Circuit Market.
What years does this Power Management Integrated Circuit Market cover, and what was the market size in 2024?
In 2024, the Power Management Integrated Circuit Market size was estimated at USD 35.88 billion. The report covers the Power Management Integrated Circuit Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Power Management Integrated Circuit Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Power Management Integrated Circuit (PMIC) Market Research
Mordor Intelligence provides comprehensive industry analysis and market outlook for the power management integrated circuit market, offering detailed insights into market size, growth trends, and competitive dynamics of power management IC companies and PMIC vendors. Our research expertise spans across various segments including power electronics, power semiconductors, LED driver ICs, and battery charging ICs, delivering actionable market data and forecasts. The detailed research findings, complete with market segmentation, industry statistics, and future growth projections, are available in an easy-to-read report PDF format.
Our consulting capabilities extend beyond traditional market research to provide strategic insights for stakeholders in the power management integrated circuit industry. We assist clients with technology scouting to identify emerging innovations in power management chips and voltage regulator ICs, conduct patent analysis for new power management solutions, and provide comprehensive competition assessment of key market players. Our expertise includes analyzing product development trends in switching regulators, battery management ICs, and smart power management solutions, supported by thorough R&D analysis and customer need assessment to help businesses make informed decisions in this rapidly evolving market.