Power Management IC (PMIC) Market Set to Surge by 2032 as EVs, AI Devices & 5G Infrastructure Drive Global Semiconductor Demand

Market Overview and Research Scope -

The global Power Management IC (PMIC) market is set for stable growth as electronic systems become increasingly power-intensive and energy-efficient design becomes a priority across industries. According to the latest market research analysis, the market is expected to expand from US$ 24.28 billion in 2025 to US$ 31.62 billion by 2032, growing at a CAGR of 3.9% over the forecast period.

Power management integrated circuits are essential components in modern electronic devices. They regulate voltage levels, manage battery charging, control power sequencing, and optimize energy consumption. PMICs are found in nearly every electronic product that uses a power supply, battery, or power cord - from smartphones and laptops to electric vehicles and industrial automation systems.

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Why Purchase This Report?

This report delivers a comprehensive, evidence-based overview of the Power Management IC (PMIC) market to support informed strategic planning and investment decisions. It includes free customization options, such as country-level analysis for up to five selected countries and a detailed segment-wise competitive revenue assessment of leading players.

By offering deep insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, the report equips manufacturers, investors, and decision-makers with actionable intelligence to identify high-growth segments, optimize operations, and maintain a sustainable competitive advantage.

Expanding Demand from Consumer Electronics and Smartphones -

Mobile and consumer electronics remain one of the largest application segments for PMICs. Smartphone power management ICs play a critical role in enabling fast charging, efficient battery usage, thermal control, and voltage regulation. As devices become thinner and more feature-rich, advanced PMIC architectures are required to support high-performance processors, 5G connectivity, and AI-powered functions.

The transition toward multi-functional portable devices continues to drive demand for compact, high-efficiency voltage regulators and battery management ICs.

Automotive Electrification Driving Growth -

The automotive and transportation segment is emerging as a major growth contributor. Electric vehicles (EVs), hybrid electric vehicles (HEVs), and advanced driver assistance systems (ADAS) require sophisticated power management systems to ensure energy efficiency and safety.

Battery Management ICs (BMICs), gate driver ICs, and voltage regulators are increasingly integrated into vehicle platforms to manage power conversion, thermal performance, and charging systems. As vehicle electrification accelerates globally, automotive-grade PMIC demand is expected to strengthen.

Industrial and Telecom Infrastructure Expansion -

The expansion of telecom networks, particularly 5G infrastructure, is another important growth driver. Telecom base stations and networking equipment require highly reliable power management solutions to ensure stable performance.

Industrial automation systems, robotics, and IoT devices also rely on PMICs to maintain operational efficiency and reduce energy consumption. In addition, medical electronics and diagnostic equipment demand precision voltage references and supervisory circuits to meet strict regulatory standards.

Competitive Landscape -

The global PMIC market is moderately consolidated. Major players include:

Texas Instruments
Infineon Technologies
Qualcomm
ON Semiconductor
NXP
STMicroelectronics
Analog Devices
Renesas
Microchip
MediaTek

In 2019, Texas Instruments, Infineon, and Qualcomm together accounted for a significant portion of global revenue share, highlighting strong leadership positions in analog and mixed-signal semiconductor markets.

Leading vendors are investing in high-efficiency architectures, integrated power solutions, and automotive-grade product portfolios to maintain competitiveness.

Market Segmentation -

By Type:
• Voltage Regulators
• Supervisory Circuits
• Gate Driver IC
• Battery Management IC
• Voltage References
• LED Lighting Driver IC

Voltage regulators and battery management ICs remain dominant segments due to widespread adoption in consumer electronics and automotive applications.

By Application:
• Mobile & Consumer
• Computing
• Telecom & Infrastructure
• Automotive & Transportation
• Industrial
• Medical
• Others

Mobile & consumer electronics represent a major revenue contributor, while automotive and industrial applications are expected to see steady growth during the forecast period.

Regional Outlook -

Asia Pacific leads the global PMIC market due to strong semiconductor manufacturing ecosystems in China, Taiwan, South Korea, and Japan. The region benefits from high smartphone production volumes and expanding EV manufacturing.

North America remains a key innovation hub with strong presence of semiconductor leaders and growing investment in automotive electrification.

Europe shows steady growth supported by automotive industry strength and industrial automation adoption.

Future Outlook -

As electronic systems continue to evolve toward higher integration, improved energy efficiency, and enhanced performance, PMICs will remain a critical enabling technology. The ongoing push for electrification, 5G deployment, and industrial digitalization will support consistent demand.

Although the market growth rate is moderate compared to high-growth semiconductor segments, the essential role of PMICs in nearly all electronic devices ensures long-term stability and resilience.

Key Benefits for Stakeholders -

✔ Enables executives, policymakers, product managers, and sales leaders to make informed strategic decisions

✔ Provides global, regional, and country-level revenue analysis to assess market share and identify new growth markets

✔ Offers detailed segmentation by type, application, technology, and end-use to support product and financial planning

✔ Helps investors evaluate market scope, risks, and expansion opportunities

✔ Supports competitive benchmarking through in-depth analysis of key players and their strategies

Key Questions Addressed in the Report -

✯ What is the overall market size and projected growth rate across global and regional segments?

✯ How does the market size and growth outlook vary across major countries?

✯ Which region or market sub-segment is anticipated to dominate growth during the forecast period?

✯ What are the primary factors expected to drive market expansion, and what challenges may restrain growth?

✯ Which emerging technologies and market trends are shaping the future landscape?

✯ What are the most significant opportunities available in the market?

✯ Who are the leading manufacturers actively participating in the global market?

✯ Which company currently holds the largest share of the market?

✯ What are the potential growth avenues for new entrants in the global market?

Benefits of purchasing QYResearch report:

Competitive Analysis:

QYResearch provides in-depth Power Management IC (PMIC) analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis:

QYResearch provides Power Management IC (PMIC) comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size:

QYResearch provides Power Management IC (PMIC) market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Power Management IC (PMIC) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Sales, revenue of Power Management IC (PMIC) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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