Power Management IC Market Share, Size, Trends, Key Players, Latest Insights and Forecast 2023-2028

According to IMARC Group's latest report, titled "𝐏𝐨𝐰𝐞𝐫 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐂 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖", The global power management IC market size reached US$ 30.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.

𝐘𝐞𝐚𝐫 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐭𝐨 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞:

𝐁𝐚𝐬𝐞 𝐘𝐞𝐚𝐫 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝟐𝟎𝟐𝟐
𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐏𝐞𝐫𝐢𝐨𝐝: 𝟐𝟎𝟏𝟕-𝟐𝟎𝟐𝟐
𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝: 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖

𝐏𝐨𝐰𝐞𝐫 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐂 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

A power management IC (PMIC) is an integrated circuit that manages and regulates the power supply to various components of an electronic device, such as a mobile phone or a laptop. The PMIC is designed to improve the power efficiency of the device by controlling the voltage, current, and power consumption of each component. It can handle multiple power sources, such as batteries, USB ports, and AC adapters, and convert them into the appropriate voltage and current levels for the device. The PMIC plays a critical role in extending the battery life of portable devices and preventing overcharging, overheating, and short-circuiting.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.imarcgroup.com/power-management-ic-market/requestsample

Power Management IC Market Trends:

The increasing demand for energy-efficient electronic devices, such as smartphones, tablets, and wearables represents a significant factor driving the market growth across the globe. This is primarily attributed to their critical role in extending the battery life of these devices. In line with this, the growth of the Internet of Things (IoT) and the deployment of smart devices in various industries, including healthcare and automotive, is contributing to the demand for PMICs that can handle multiple power sources and regulate power consumption. In addition to this, the rising trend toward the miniaturization of electronic devices is creating a need for compact and integrated PMIC solutions that saves space and reduce costs, which, in turn, is driving the market growth. The widespread adoption of renewable energy sources, such as solar and wind, is increasing the demand for PMICs that efficiently converts and manages the power generated from these sources, which is further creating a positive outlook for the market.

Power Management IC Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the power management IC market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Analog Devices, Inc.
Dialog Semiconductor PLC
Linear Technology Corporation
Maxim Integrated Products, Inc.
NXP Semiconductors N.V.
On Semiconductor Corporation
Renesas Electronics Corporation
ST Microelectronics International N.V
Texas Instruments Incorporated.

Key Market Segmentation:

The report has segmented the global power management IC market on the basis of product, application and region.

Breakup by Product:

Linear Regulator ICs
Switching Regulator ICs
Voltage Reference ICs
Power Management ASICs/ASSPs
Others

Breakup by Application:

Communication
Computing Devices
Consumer Electronics
Automotive
Healthcare
Others

Breakup by Region:

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/power-management-ic-market

This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

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This release was published on openPR.