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How has the power management ic market grown in recent years?

The market size for Power Management IC has been experiencing substantial growth over the past few years. The market is forecasted to surge from a valuation of $33.88 billion in 2024 to $36.46 billion in 2025, marking a compound annual growth rate (CAGR) of 7.6%. This impressive growth during the historic period can be drawn back to a number of factors including increased usage of electric vehicles (EV), the emergence and growth of the Internet of Things (IoT), augmented demand for wearable gadgets, the proliferation of smart home devices and systems, in addition to the escalating need for industrial automation and robotics.

How is the power management ic market size expected to evolve during the forecast period?

The power management ic market size is expected to see strong growth in the next few years. It will grow to $48.23 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to advancements in semiconductor technology, growth in consumer electronics, increased battery life requirements, renewable energy integration, and the expansion of telecommunications networks. Major trends in the forecast period include sustainability and green technology, smart grid and renewable energy integration, wireless charging solutions, advanced battery management systems (BMS), integration of artificial intelligence, and machine learning.

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Which key drivers are propelling the power management ic market’s growth?

The expansion of the power management IC market is anticipated to be driven by the increasing acceptance of electric vehicles (EVs). Electric vehicles (EVs) use rechargeable batteries to power electric motors, presenting a green alternative to conventional vehicles with internal combustion engines. The rise in electric vehicle use is attributed to their eco-friendly nature, advances in technology, and expanding infrastructure for charging stations. Power management ICs play a critical role in electric vehicles (EVs) by optimizing battery consumption, managing power dispersal and boosting overall energy productivity. They ensure consistent performance and extend battery life. For instance, over 2.3 million electric cars were sold in the first quarter of 2023, representing a 25% increase from the previous year, according to the France-based autonomous intergovernmental entity, the Internal Energy Agency. Sales are projected to rise to 14 million by 2023-end, marking a year-on-year growth of 35%, with the growth rate expected to speed up in the year’s latter half. Thus, the increasing uptake of electric vehicles (EVs) is fuelling the expansion of the power management IC market.

What are the market segments in the power management ic industry?

The power management ic market covered in this report is segmented –

1) By Product: Voltage Regulators, Linear Voltage Regulators, DC Regulators, Motor Control ICs, Integrated ASSPs Power Management ICs, Battery Management ICs, Other Products

2) By Function: Digital, Analog

3) By Operating Range: 1µA To 1mA, 1.1mA To 1A, 1a To 10A, 10.1A To 25A, 25.1A To 100A, Above 100A

4) By Application type: Linear Regulators, Reset ICs (Voltage Detectors), Light Emitting Diode (LED) Controllers, DC-DC Convertors (Switching Regulators), Switch ICs, Other Applications

5) By End Users: Consumer Electronics, Automotive, Information Technology And Telecommunication, Healthcare, Industrial, Power And Energy, Aerospace And Defense, Other End Users

Subsegments:

1) By Voltage Regulators: Linear Voltage Regulators, Switching Regulators

2) By Linear Voltage Regulators: Low Dropout (LDO) Regulators, High Dropout (HDO) Regulators

3) By DC Regulators: DC-DC Converters, Buck Converters, Boost Converters, Buck-Boost Converters

4) By Motor Control ICs: AC Motor Control ICs, DC Motor Control ICs, Brushless DC Motor ICs

5) By Integrated ASSPs Power Management ICs: Power Management For Mobile Devices, Power Management For Automotive, Power Management For Consumer Electronics

6) By Battery Management ICs: Battery Charging ICs, Battery Protection ICs, Battery Fuel Gauge ICs

7) By Other Products: Power Monitoring ICs, Power Distribution ICs

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Which leading companies are shaping the growth of the power management ic market?

Major companies operating in the power management ic market are Qualcomm Technologies Inc., Texas Instruments Inc., MediaTek Inc., STMicroelectronics NV, Infineon Technologies AG, Renesas Electronics Corp., Analog Devices Inc., Toshiba Electronic Devices And Storage Corp., NXP Semiconductors NV, Microchip Technology Inc., Vishay Intertechnology Inc., ON Semiconductor Corp., Diodes Inc., Monolithic Power Systems Inc., Silicon Laboratories Inc., Allegro MicroSystems Inc., Nordic Semiconductor, Semtech Corp., Power Integrations Inc., Vicor Corp., ABLIC Inc., Shanghai Belling Co .Ltd., Rohm Co. Ltd., Rantle East Electronic Trading Co.

What are the key trends shaping the future of the power management ic market?

Leading corporations in the power management IC market are concentrating on evolving sophisticated technologies such as filter-integrated circuits, which boost system functionality while lowering overall system expense. These circuits are semiconductor devices tailored to process and regulate electronic signals by selectively permitting specific frequencies to pass and diminishing others. They find their extensive use in signal processing and telecommunication systems. For example, Texas Instruments Inc., a company based in the US specializing in semiconductors, rolled out active electromagnetic interference (EMI) filter integrated circuits (ICs) in March 2023 that are compatible with high-density power supply designs. These ICs weave together sensing, filtering, gain, and injection stages and are packaged in a SOT-23 14-pin format. They aim to mitigate common-mode (CM) electromagnetic interference (EMI) in single-phase power supply systems, hence facilitating the production of smaller, lighter, and more economical filter designs.

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Which geographic areas are influencing the growth of the power management ic market?

North America was the largest region in the power management IC market in 2023. The regions covered in the power management ic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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