What is Global Power ICs Market?
The Global Power ICs Market is a vast and dynamic sector that encompasses a wide range of integrated circuits (ICs) designed to manage, control, and distribute electrical power in electronic devices. These ICs are essential components in virtually all electronic devices, from smartphones and laptops to electric vehicles and industrial machinery. The market is driven by the ever-increasing demand for energy-efficient devices and systems, as well as the ongoing advancements in semiconductor technology. The Global Power ICs Market is a complex ecosystem of manufacturers, suppliers, and end-users, all of whom play a crucial role in shaping the market's trends and dynamics. The market is also influenced by a variety of factors, including technological advancements, regulatory policies, and economic conditions.
Power Management IC (PMIC), Driver IC in the Global Power ICs Market:
Power Management ICs (PMICs) and Driver ICs are two key categories within the Global Power ICs Market. PMICs are integrated circuits that manage and control the power in electronic devices. They are responsible for distributing the power from the battery to the different components of the device, ensuring optimal performance and energy efficiency. Driver ICs, on the other hand, are used to control and drive electrical loads. They are typically used in applications that require high current and voltage, such as motor control and power conversion. Both PMICs and Driver ICs play a crucial role in the overall performance and efficiency of electronic devices, and their demand is expected to grow in line with the increasing proliferation of electronic devices worldwide.
Smart Phone, Automotive, High Performance Computing, Industrial, IoT, Others in the Global Power ICs Market:
The Global Power ICs Market finds application in a wide range of areas. In smartphones, for instance, Power ICs are used to manage and distribute power to the various components of the device, ensuring optimal performance and battery life. In the automotive sector, Power ICs are used in electric vehicles to manage and control the power from the battery to the motor and other electrical systems. In high-performance computing, Power ICs are used to manage the power supply to the processors, memory, and other components, ensuring optimal performance and energy efficiency. In the industrial sector, Power ICs are used in a wide range of machinery and equipment to manage and control the power supply. In the Internet of Things (IoT), Power ICs are used in a wide range of devices and systems to manage and control the power supply, ensuring optimal performance and energy efficiency.
Global Power ICs Market Outlook:
Looking at the market outlook, the Global Power ICs Market was valued at a substantial US$ 21880 million in 2023. The market is projected to grow at a steady pace, reaching an estimated value of US$ 28500 million by 2030. This represents a compound annual growth rate (CAGR) of 3.8% during the forecast period from 2024 to 2030. This growth is driven by a variety of factors, including the increasing demand for energy-efficient devices and systems, ongoing advancements in semiconductor technology, and the growing proliferation of electronic devices worldwide.
| Report Metric | Details |
| Report Name | Power ICs Market |
| Accounted market size in 2023 | US$ 21880 million |
| Forecasted market size in 2030 | US$ 28500 million |
| CAGR | 3.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 |
