Latest News- Power Management Integrated Circuit (PMIC) Market: Voltage regulators is expected to lead the Product segment during 2025-2029

The Power Management Integrated Circuit (PMIC) Market is being driven by Growing construction of smart buildings

The Power Management Integrated Circuit (PMIC) Market is expected to grow at a CAGR of 5.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10727.2 million. The Power Management Integrated Circuit (PMIC) market is experiencing significant growth and innovation, with recent developments including strategic moves and new product launches. In April 2023, STMicroelectronics (ST) introduced the VIPerGaN100 and VIPerGaN65, two high-voltage power converters from their VIPerGaN series. These converters utilize high electron mobility transistors (HEMT) and advanced pulse width modulator (PWM) controllers, increasing power density, efficiency, reducing PCB size, and lowering costs. In February 2023, Nordic Semiconductor expanded its offerings with the introduction of the nPM1300. This single-chip solution simplifies embedded designs using Bluetooth Low Energy (BLE) by integrating essential components for BLE operations, such as hard reset, battery fuel indicator, system-level watchdog, power loss alert, and recovery from unsuccessful boot. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Voltage regulators
  • Motor control integrated circuit
  • Integrated ASSP power management integrated circuit
  • Battery management integrated circuit
  • Others
• End-user
  • Automotive and transportation
  • Consumer electronics
  • Industrial
  • Telecom and networking
  • Others
• Usage
  • 5V-15V
  • Below 5V
  • Above 15V
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing construction of smart buildings
• Increasing integration of IoT technology with energy management devices
• Technological advancements in field of PMIC

However, the market also witnesses some limitations, which are as follows:

• High regulatory compliance associated with PMIC
• Complex structure of PMIC
• Increasing dependency on semiconductor industry

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Market Scope in Power Management Integrated Circuit (PMIC) Market Research Report

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Research Analysis Overview

The Power Management Integrated Circuit (PMIC) market caters to the energy-efficient management of power in battery-powered devices, including battery chargers and voltage regulators. Bipolar ICs, Automotive ICs, Lighting ICs, Motion ICs, Microprocessor supervisory ICs, and Sensor ICs are key components. Power density, battery life, EMI, circuit design technologies, thermal performance, ADAS, electric vehicles (EVs), IoT, AI, and various industries rely on PMICs for power management solutions. Applications include mobile devices, IT devices, electric vehicles, data centers, and telecommunications.

Market Research Overview

The Power Management Integrated Circuit (PMIC) market is a significant segment of the larger global semiconductor materials and equipment market. This market encompasses companies engaged in the production of energy-efficient solutions such as battery chargers, voltage regulators, Bipolar ICs, Automotive ICs, Lighting ICs, and Motion ICs. According to Technavio's market analysis, the global semiconductor materials and equipment market is driven by increasing investments in semiconductor manufacturing. This trend is due to the growing demand for Integrated Circuits (ICs) worldwide, leading to the establishment of new fabrication plants. The market size is calculated based on the revenue generated from the sales of wafer processing, mask/reticle manufacturing, wafer manufacturing, fab facilities equipment, assembly and packaging, and test equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/