What is Power Management Integrated Circuit (PMIC) - Global Market?
The Power Management Integrated Circuit (PMIC) is a significant component in the global market. It is a type of integrated circuit (IC) that helps manage the power requirements of the host system. These circuits are primarily used in battery-operated devices such as mobile phones, portable media players, and others to enhance power efficiency. They are also used in vehicles, industrial systems, and consumer electronics. The PMIC market is a dynamic one, with constant innovations and advancements driving its growth. The PMIC market is segmented into various types, including Smart Home ICs, Standard Power ICs, Mobile Digital ICs, Industrial Driver ICs, and others. Smart Home ICs are used in devices that automate and control home functions such as lighting, heating, and security. Standard Power ICs are used in a wide range of applications, including computers, televisions, and other consumer electronics. Mobile Digital ICs are used in mobile devices to manage power consumption and extend battery life. Industrial Driver ICs are used in industrial applications to control power to motors and other heavy machinery. Other types of PMICs are used in specialized applications.
Smart Home ICs, Standard Power ICs, Mobile Digital ICs, Industrial Driver ICs, Others in the Power Management Integrated Circuit (PMIC) - Global Market:
The PMIC market finds its usage in various areas such as Adapter and Charger, Consumer Electronics, LED Lighting, Vehicle Electronics, Industry, and others. In the Adapter and Charger segment, PMICs are used to manage power supply and improve efficiency. In Consumer Electronics, they are used in devices like smartphones, laptops, and others to manage power consumption and extend battery life. In LED Lighting, PMICs are used to control and manage the power supply to the LEDs. In Vehicle Electronics, they are used to manage power in various electronic systems in vehicles. In the Industry segment, PMICs are used in industrial applications to control power to motors and other heavy machinery. In other areas, PMICs are used in a variety of applications depending on the specific requirements.
Adapter and Charger, Consumer Electronics, LED Lighting, Vehicle Electronics, Industry, Others in the Power Management Integrated Circuit (PMIC) - Global Market:
The global PMIC market has shown promising growth in recent years. In 2022, the market was valued at US$ 17000 million. It is expected to reach US$ 22290 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for energy-efficient devices and the growing adoption of PMICs in various applications. The market is dominated by the top three manufacturers, who hold a share of over 30%. This indicates a high level of competition in the market, with manufacturers constantly striving to innovate and improve their products to gain a competitive edge.
| Report Metric | Details |
| Report Name | Power Management Integrated Circuit (PMIC) - Market |
| Forecasted market size in 2029 | US$ 22290 million |
| CAGR | 3.9% |
| Forecasted years | 2023 - 2029 |
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| Global Power Management Integrated Circuit (PMIC) market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
