PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625454
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625454
The power management IC market size is expected to reach USD 71.03 billion by 2034, according to a new study by Polaris Market Research. The report "Power Management IC Market Share, Size, Trends, Industry Analysis Report: By Type, End-User, And By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The power management IC market is experiencing rapid growth owing to its widespread adoption across various industries such as consumer electronics, semiconductors, and more. The power management IC is beneficial in improving power density, prolonging battery life, decreasing electromagnetic interference, preserving power and signal integrity, and ensuring safety when exposed to elevated voltages.
Further, the rise in the semiconductor industry is driving the growth of the power management IC market by accelerating technological advancements and innovations that enhance the performance and efficiency of power management ICs.
The semiconductor industry is developing more sophisticated and smaller chips to integrate power management ICs more effectively into various electronic devices, such as smartphones and industrial machinery. This enables better power efficiency and management, which is crucial as devices become increasingly complex.
Moreover, the growth of the semiconductor industry supports the mass production and cost reduction of power management ICs, making them more accessible for various applications and driving market expansion.
For instance, in March 2024, Tata Electronics commenced the construction of a semiconductor facility valued at Rs 91,000 crore in Gujrat. Further, Tata Electronics and Taiwan's Powerchip Semiconductor Manufacturing Corporation collaborated to construct India's first AI-enabled fabrication lab to produce chips for applications like power management IC, microcontrollers, and display drivers.
In recent years, there has been a significant rise in the integration of power management ICs in healthcare devices due to the increasing adoption of portable and wearable medical technologies. These devices, such as portable monitors, diagnostic equipment, and wearable health trackers, require efficient power management to ensure reliable performance and longer battery life.
Power management ICs optimize power consumption, enabling medical devices to operate continuously and effectively. Additionally, the surge in remote patient monitoring and telemedicine has accelerated the demand for compact, energy-efficient healthcare devices, further propelling the growth of the power management IC market.
By type analysis, the multi-channel power management IC segment accounted for a significant market share due to its ability to manage multiple power rails and voltage levels within a single device.
Based on end-user analysis, the automotive segment is expected to grow at the fastest CAGR from 2025 to 2034. This is due to the increased manufacturing of automobiles incorporated with additional features to meet the rising consumer demand.
Asia Pacific dominated the market in 2024 due to the expansion of consumer electronics markets and the widespread adoption of advanced electronic devices such as smartphones and tablets.
North America accounted for a significant market share owing to the advanced technological infrastructure and the presence of major semiconductor companies.
The key market players include Texas Instruments Incorporated; Onsemi; Analog Devices Inc.; ROHM Co. Ltd; Vishay Intertechnology Inc.; Infineon Technologies AG; STMicroelectronics N.V.; Mouser Electronics India; NXP; and Renesas Electronics Corp.
Polaris Market Research has segmented the power management IC market report based on type, end-user, and region:
Table 1 Global Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 2 Global Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 3 North America: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 4 North America: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 5 US: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 6 US: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 7 Canada: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 8 Canada: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 9 Europe: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 10 Europe: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 11 UK: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 12 UK: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 13 France: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 14 France: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 15 Germany: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 16 Germany: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 17 Italy: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 18 Italy: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 19 Spain: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 20 Spain: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 21 Netherlands: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 22 Netherlands: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 23 Russia: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 24 Russia: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 25 Rest of Europe: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 26 Rest of Europe: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 27 Asia Pacific: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 28 Asia Pacific: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 29 China: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 30 China: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 31 India: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 32 India: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 33 Malaysia: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 34 Malaysia: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 35 Japan: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 36 Japan: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 37 Indonesia: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 38 Indonesia: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 39 South Korea: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 40 South Korea: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 41 Australia: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 42 Australia: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 43 Rest of Asia Pacific: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 44 Rest of Asia Pacific: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 45 Middle East & Africa: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 46 Middle East & Africa: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 47 Saudi Arabia: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 48 Saudi Arabia: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 49 UAE: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 50 UAE: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 51 Israel: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 52 Israel: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 53 South Africa: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 54 South Africa: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 55 Rest of Middle East & Africa: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 56 Rest of Middle East & Africa: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 57 Latin America: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 58 Latin America: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 59 Mexico: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 60 Mexico: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 61 Brazil: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 62 Brazil: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 63 Argentina: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 64 Argentina: Power Management IC Market, by End-User, 2020-2034 (USD billion)
Table 65 Rest of Latin America: Power Management IC Market, by Type, 2020-2034 (USD billion)
Table 66 Rest of Latin America: Power Management IC Market, by End-User, 2020-2034 (USD billion)
List of Figures:
Figure 1. Global Power Management IC Market, 2020-2034 (USD billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Price
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Type
Figure 7. Global Power Management IC Market, by Type, 2024 & 2034 (USD billion)
Figure 8. Market by End-User
Figure 9.Global Power Management IC Market, by End-User, 2024 & 2034 (USD billion)