What is Global Power Management IC (PMIC) Market?
The Global Power Management IC (PMIC) Market is a vast and dynamic sector that plays a crucial role in the world's electronics industry. PMICs are integrated circuits (ICs) that manage and control the power consumption of various electronic devices. They are designed to manage power requirements of host devices such as processors, microcontrollers, or any system on a chip. These ICs are mainly used in battery operated devices like smartphones, portable media players, and tablets where power management becomes critical. They are also used in electric vehicles, automated machines, and other energy efficient devices. PMICs are essential in these devices as they help in managing power supply, enhancing battery life, and reducing power consumption.
Voltage Regulators, Supervisory Circuits, Gate Driver IC, Battery Management IC, Voltage References, LED Lighting Driver IC in the Global Power Management IC (PMIC) Market:
The Global Power Management IC (PMIC) Market is segmented into various types such as Voltage Regulators, Supervisory Circuits, Gate Driver IC, Battery Management IC, Voltage References, and LED Lighting Driver IC. Voltage Regulators are used to maintain a constant voltage level. They can be found in devices like computers where they regulate the voltage supplied to the processor. Supervisory Circuits monitor the power supply voltages in a microprocessor, microcontroller, DSP and other systems with a power-on reset. Gate Driver ICs are used to drive power transistors or IGBTs in high power applications. Battery Management ICs are used in rechargeable batteries to manage and control the charging and discharging process. Voltage References provide a stable reference voltage, and are used in power supplies and other circuits. LED Lighting Driver ICs are used to drive LEDs and control their brightness.
Mobile & Consumer, Computing, Telecom & infrastructure, Automotive & Transportation, Industrial, Medical, Others in the Global Power Management IC (PMIC) Market:
The Global Power Management IC (PMIC) Market finds its applications in various sectors such as Mobile & Consumer, Computing, Telecom & infrastructure, Automotive & Transportation, Industrial, Medical, and Others. In the Mobile & Consumer sector, PMICs are used in smartphones, tablets, and other portable devices to manage power consumption and extend battery life. In the Computing sector, they are used in computers and servers to manage power supply and reduce energy consumption. In the Telecom & infrastructure sector, PMICs are used in network equipment and infrastructure to manage power supply and improve energy efficiency. In the Automotive & Transportation sector, they are used in electric vehicles and other transportation systems to manage power supply and enhance energy efficiency. In the Industrial sector, PMICs are used in automated machines and other industrial equipment to manage power supply and reduce energy consumption. In the Medical sector, they are used in medical devices to manage power supply and improve energy efficiency.
Global Power Management IC (PMIC) Market Outlook:
The Global Power Management IC (PMIC) Market outlook is quite promising. In 2022, the market was valued at US$ 22660 million and it is expected to reach US$ 28510 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period from 2023 to 2029. The market is dominated by major players such as Texas Instruments, Infineon, and Qualcomm. In 2019, Texas Instruments accounted for 18.673% of the market revenue, Infineon accounted for 10.365%, and Qualcomm accounted for 9.981%. These figures highlight the competitive nature of the market and the significant role these companies play in the global PMIC market.
| Report Metric | Details |
| Report Name | Power Management IC (PMIC) Market |
| Accounted market size in 2022 | US$ 22660 in million |
| Forecasted market size in 2029 | US$ 28510 million |
| CAGR | 3.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Texas Instruments, Infineon, Qualcomm, ON Semi, NXP, Maxim Integrated, Dialog Semiconductor, STMicroelectronics, Toshiba, Analog Devices, Silergy, Power Integrations, ROHM, MediaTek Inc., Microchip, Skyworks, Renesas, Cypress Semiconductor, On-Bright Electronics, Alpha and Omega Semiconductor |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
