What is Global PICs (Power Integrated Circuits) Market?
The Global Power Integrated Circuits (PICs) Market is a rapidly evolving sector within the semiconductor industry, focusing on the integration of various power management functions into a single chip. These circuits are essential for managing power efficiently in electronic devices, ensuring that they operate smoothly and consume less energy. The market is driven by the increasing demand for energy-efficient electronic devices across various industries, including consumer electronics, automotive, and industrial applications. As technology advances, the need for more compact, reliable, and efficient power management solutions grows, propelling the development and adoption of PICs. These integrated circuits are crucial in reducing the size and cost of electronic devices while enhancing their performance and reliability. The global PICs market is characterized by continuous innovation and development, with companies investing heavily in research and development to create more advanced and efficient solutions. This market is expected to witness significant growth in the coming years, driven by the increasing adoption of renewable energy sources, the proliferation of smart devices, and the growing emphasis on energy conservation. As a result, the Global PICs Market plays a vital role in shaping the future of electronics and energy management.
Power Management IC (PMIC), Driver IC in the Global PICs (Power Integrated Circuits) Market:
Power Management Integrated Circuits (PMICs) and Driver ICs are two critical components within the Global Power Integrated Circuits (PICs) Market, each serving distinct yet complementary roles. PMICs are designed to manage the power requirements of electronic devices, ensuring that they operate efficiently and reliably. They integrate multiple power management functions, such as voltage regulation, power sequencing, and battery management, into a single chip. This integration reduces the complexity and size of electronic devices, making them more compact and cost-effective. PMICs are widely used in various applications, including smartphones, tablets, laptops, and wearable devices, where efficient power management is crucial for optimal performance and battery life. On the other hand, Driver ICs are responsible for controlling the operation of various components within electronic devices, such as LEDs, motors, and displays. They provide the necessary signals and power to drive these components, ensuring that they function correctly and efficiently. Driver ICs are essential in applications where precise control and high efficiency are required, such as automotive lighting, industrial automation, and consumer electronics. In the Global PICs Market, both PMICs and Driver ICs are experiencing significant growth due to the increasing demand for energy-efficient and high-performance electronic devices. As technology continues to advance, the need for more sophisticated power management and control solutions is expected to rise, driving further innovation and development in this market. Companies are investing heavily in research and development to create more advanced PMICs and Driver ICs that offer improved efficiency, reliability, and functionality. This investment is crucial for meeting the evolving needs of various industries and ensuring the continued growth and success of the Global PICs Market.
Smart Phone, Automotive, High Performance Computing, Industrial, IoT, Others in the Global PICs (Power Integrated Circuits) Market:
The usage of Global Power Integrated Circuits (PICs) Market spans across various sectors, including smartphones, automotive, high-performance computing, industrial applications, the Internet of Things (IoT), and others. In smartphones, PICs are essential for managing power efficiently, ensuring that the devices operate smoothly and have a longer battery life. They help in reducing power consumption, enhancing performance, and enabling advanced features such as fast charging and wireless charging. In the automotive sector, PICs are used in various applications, including electric vehicles, advanced driver-assistance systems (ADAS), and infotainment systems. They play a crucial role in managing power distribution, improving energy efficiency, and ensuring the reliable operation of electronic components in vehicles. In high-performance computing, PICs are used to manage the power requirements of processors, memory, and other components, ensuring that they operate efficiently and deliver optimal performance. They help in reducing power consumption, minimizing heat generation, and enhancing the overall performance of computing systems. In industrial applications, PICs are used in various equipment and machinery to manage power efficiently, ensuring reliable operation and reducing energy consumption. They are essential in applications such as automation, robotics, and renewable energy systems, where efficient power management is crucial for optimal performance and energy conservation. In the IoT sector, PICs are used in various connected devices to manage power efficiently, ensuring that they operate reliably and have a longer battery life. They help in reducing power consumption, enabling advanced features, and enhancing the overall performance of IoT devices. Overall, the Global PICs Market plays a vital role in enabling the efficient operation of electronic devices across various sectors, driving innovation and development in the semiconductor industry.
Global PICs (Power Integrated Circuits) Market Outlook:
The outlook for the Global Power Integrated Circuits (PICs) Market indicates a promising growth trajectory. The market is anticipated to expand from a valuation of US$ 22,730 million in 2024 to US$ 29,260 million by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 4.3% over the forecast period. This growth is driven by the increasing demand for energy-efficient electronic devices across various industries, including consumer electronics, automotive, and industrial applications. The broader semiconductor market, which was valued at US$ 579 billion in 2022, is also expected to grow significantly, reaching US$ 790 billion by 2029, with a CAGR of 6% during the forecast period. This growth is fueled by the rising adoption of advanced technologies, such as artificial intelligence, the Internet of Things (IoT), and 5G, which require sophisticated semiconductor solutions. The increasing emphasis on energy conservation and the growing adoption of renewable energy sources are also contributing to the growth of the semiconductor market. As a result, the Global PICs Market is poised to play a crucial role in shaping the future of electronics and energy management, driving innovation and development in the semiconductor industry.
| Report Metric | Details |
| Report Name | PICs (Power Integrated Circuits) Market |
| Accounted market size in 2024 | US$ 22730 million |
| Forecasted market size in 2030 | US$ 29260 million |
| CAGR | 4.3 |
| Base Year | 2024 |
| Forecasted years | 2025 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| By Region |
|
| By Company | Texas Instruments, Infineon, Qualcomm, ON Semi, NXP, Maxim Integrated, Dialog Semiconductor, STMicroelectronics, Toshiba, Analog Devices, Silergy, Power Integrations, ROHM, MediaTek, 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 |
