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Leading Element Driving Change in the Power Management IC Market in 2025: Electric Vehicle Adoption Fuels Growth In Power Management IC Market Driver
Power Management IC Market Share
The increasing adoption of electric vehicles (EVs) is expected to drive the power management IC market. Power management ICs help manage energy usage in EVs by optimizing battery life, power distribution, and overall energy efficiency. The adoption of EVs is increasing due to their environmental advantages, technological developments, and improved charging infrastructure. For example, in July 2023, the International Energy Agency reported a 25% increase in electric car sales in Q1 2023, with total sales expected to reach 14 million by year-end. Therefore, the growing adoption of EVs is propelling the power management IC market.
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What growth opportunities are expected to drive the power management ic market's CAGR through 2034?
The power management IC market has shown strong growth in recent years. It is expected to rise from $33.88 billion in 2024 to $36.46 billion in 2025, at a CAGR of 7.6%. Growth drivers include the rise of electric vehicles (EVs), the expansion of the Internet of Things (IoT), increasing popularity of wearable devices, the growth of smart home systems, and the rise of industrial automation and robotics.
The power management IC market is expected to grow to $48.23 billion by 2029, at a CAGR of 7.2%. The growth is attributed to semiconductor technology advancements, growing consumer electronics demand, longer battery life, renewable energy integration, and expanding telecommunications networks. Major trends include sustainability, wireless charging, battery management systems, AI integration, and machine learning.
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What are the emerging trends shaping the future of the power management ic market?
In the power management IC market, companies are focusing on developing filter-integrated circuits to reduce system costs while enhancing functionality. Texas Instruments Inc., a US-based semiconductor company, launched active electromagnetic interference (EMI) filter integrated circuits in March 2023. These ICs are designed to reduce EMI in single-phase power systems, offering smaller, lighter, and more cost-effective filter designs for high-density power supply systems.
Which growth-oriented segments of the power management ic market are leading the industry's development?
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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What regions are leading the charge in 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.
What companies are at the forefront of innovation in 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.
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What Is Covered In The Power Management IC Global Market Report?
•Market Size Forecast: Examine the power management ic market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the power management ic market for a structured understanding.
•Key Players Overview: Analyze major players in the power management ic market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the power management ic market.
•Segment Contributions: Evaluate how different segments drive overall growth in the power management ic market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the power management ic market.
•Industry Challenges: Identify potential risks and obstacles affecting the power management ic market.
•Competitive Landscape: Review strategic developments in the power management ic market, including expansions, agreements, and new product launches.
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