How big is the Power Management Integrated Circuit Market?

The Power Management Integrated Circuit Market size is expected to reach USD 35.94 billion in 2024 and grow at a CAGR of 4.16% to reach USD 44.05 billion by 2029. Read More

What is the current Power Management Integrated Circuit Market size?

In 2024, the Power Management Integrated Circuit Market size is expected to reach USD 35.94 billion. Read More

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. Read More

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 (2024-2029). Read More

Which region has the biggest share in Power Management Integrated Circuit Market?

In 2024, the Asia Pacific accounts for the largest market share in Power Management Integrated Circuit Market. Read More

What years does this Power Management Integrated Circuit Market cover, and what was the market size in 2023?

In 2023, the Power Management Integrated Circuit Market size was estimated at USD 34.44 billion. The report covers the Power Management Integrated Circuit Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Power Management Integrated Circuit Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Power Management Integrated Circuit Market Share

Statistics for the 2023 & 2024 Power Management Integrated Circuit market share, created by Mordor Intelligence™ Industry Reports. Power Management Integrated Circuit share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Power Management Integrated Circuit Industry

The power management integrated circuit (IC) market is characterized by a high degree of fragmentation, featuring prominent players like Texas Instruments Incorporated, Semiconductor Components LLC (onsemi), Analog Devices Inc., ROHM Co. Ltd, and Vishay Intertechnology Inc. These key players in the market are actively pursuing various strategies, including partnerships and acquisitions, to enhance their product portfolios and establish sustainable competitive advantages.

In April 2023, Texas Instruments made a significant announcement regarding its latest offering, the SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs). These ICs are designed to cater to applications operating in high-density or high-temperature environments, with the capability to withstand temperatures up to 105ºC. The initial products within TI's new CC33xx family encompass options for Wi-Fi 6 connectivity alone, as well as Wi-Fi 6 paired with Bluetooth Low Energy 5.3 connectivity, all integrated into a single IC. This innovative solution facilitates a secure IoT connection with dependable RF performance when interfacing with a microcontroller unit (MCU) or processor, particularly in industrial sectors like grid infrastructure, medical, and building automation.

In May 2023, Semiconductor Components LLC (onsemi) announced a strategic partnership with Vitseco Technologies aimed at bolstering SiC (Silicon Carbide) technology capacity expansion. The two companies have entered into a substantial 10-year long-term supply agreement valued at USD 1.9 billion, primarily centered on SiC products. Under the terms of this agreement, Vitseco will inject USD 250 million in investment to Onsemi for the acquisition of new equipment dedicated to SiC wafer production, boule growth, and epitaxy processes. This strategic move is intended to secure a stable and robust SiC capacity for the future, ensuring both companies are well-positioned to meet growing market demands.