Press release
Global Integrated Voltage Regulator Market Set to Reach US$ 9.3 Billion by 2031: Transparency Market Research
The Global Integrated Voltage Regulator Market, valued at US$ 5.6 billion in 2023, is projected to reach an impressive US$ 9.3 billion by the end of 2031, growing at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031, according to a comprehensive market analysis.Integrated voltage regulators (IVRs) are essential components in modern electronics, ensuring devices operate efficiently and reliably by maintaining a stable voltage supply. As technology advances, the demand for reliable and efficient power supply solutions rises, making IVRs increasingly crucial. These devices help maximize power efficiency and offer efficient voltage control regulation (VCR), which is fundamental for the smooth operation of a wide range of electronic devices and systems.
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Market Drivers
1. Demand for Smaller, Power-efficient Devices: The miniaturization trend in electronic devices has spurred the demand for integrated voltage regulators. IVRs offer high integration levels, saving space on printed circuit boards (PCBs) and supporting the design of compact devices. Their ability to enhance power efficiency and optimize battery life makes them ideal for portable and battery-powered devices, including smartphones, tablets, wearables, and IoT devices.
2. Automotive Electronics: The automotive industry's shift towards advanced electronics to enhance vehicle safety, comfort, and performance has significantly driven the demand for IVRs. Electric and hybrid vehicles, in particular, require sophisticated power management solutions for energy efficiency and battery management. IVRs play a vital role in ensuring the stable power supply needed for advanced driver assistance systems (ADAS) and other electronic components in modern vehicles.
Key Market Segments
• Component Type: The market is segmented into LDO, inductive switching, and switched capacitor IVRs. Inductive switching IVRs, also known as buck-boost converters, held a dominant share of 51.8% in 2023 due to their efficiency in power conversion.
• Input Voltage: The low input voltage (less than 7 V) segment is experiencing rapid growth, accounting for 53.9% of the market share in 2023. This segment is particularly crucial for smartphones, cameras, and USB-powered devices, among others.
• Regional Outlook: Asia Pacific remains the leading region, holding a 42.2% share in 2023. The region's rapid adoption of consumer electronics, industrial automation, and IoT devices drives the demand for IVRs. North America is also poised for significant growth, driven by the increasing use of IVRs in automotive and electronics industries.
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Industry Leaders and Innovations
Key players in the market, including Analog Devices, Inc., Empower Semiconductor, Inc., Infineon Technologies AG, Intel Corporation, and Texas Instruments Incorporated, are investing heavily in R&D to develop innovative power management solutions. Notable developments include:
• Nisshinbo Micro Devices Inc. launched the NR1600 series LDO voltage regulator for consumer and industrial applications.
• Intel developed Fully Integrated Voltage Regulators (FIVR) with embedded inductors for 3D stacked systems, offering significant efficiency improvements.
• Empower Semiconductor, Inc. unveiled the EP71xx series of quad-output step-down converters, providing high current density and efficiency.
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0About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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