Power Management IC Market - Forecast(2024 - 2030)

Report Code: ESR 0554 Report Format: PDF + Excel

Power Management IC Market Overview

The Global market for Power Management IC is forecast to reach $52.3 billion by 2027, growing at a CAGR of 4.6% from 2022 to 2027. The market growth is attributed to the factors such as growing digitization, enhancements in semiconductor technology, and others. Technological developments related to power sequencing and electromagnetic interference reduction in System-on-chip PMICs will drive market growth. Moreover, growing applications in different end user verticals including consumer electronics, automotive, healthcare, battery fuel gauges and others boost the market growth. The increasing focus on managing energy consumption, optimizing the use of renewable energy sources, reducing the carbon footprint and greenhouse gas emissions are creating demands for PMIC. The growing usage of smart grid services in industrial sector and increasing demand for PMIC from developed countries and government policies and incentives are some of the factors will further enhance the overall market demand for Power Management ICs market during the forecast period.

Power Management IC Market Report Coverage

The report: “Power Management IC market – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Power Management IC market. 

By Channel: Single channel, Multi-channel
By Function: Digital, Analog
By Operating range: 1µA to 1mA, 1.1mA to 1A, 1A to 10A, 10.1A to 25A, 25.1A to 100A, above 100A
By Type: Programmable Output, Fixed Output, Others 
By Application type: Linear Regulators, Reset ICs (Voltage Detectors), LED Controllers, DC-DC Convertors (Switching Regulators), Switch ICs, Others 
By End Users: Consumer Electronics, Automotive, IT & Telecommunication, Healthcare, Industrial, Power & Energy, Aerospace & Defence, Others
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South korea, Australia and Others), and ROW (Middle East and Africa)

Key Takeaways

  • A significant factor driving the Power Management IC industry in the communication field is the advent in wireless networking, together with its tools and appliances. Rising demand for wired and wireless links and their increasing industrial implementations are also driving technology developments, while also creating space for Power Management ICs.
  • Increasing demand for energy storage technology coupled with technical advancements is also boosting Power Management IC demand over the forecast period 2020-2025.

Power Management IC Market, By Function, 2021 (%)

Power Management IC Market

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Power Management IC Market Segment Analysis –By Application Type

DC-DC converters (Switching regulators) segment held the highest market share of Power Management IC in 2021 at 28.9% share. Moreover, it is anticipated to witness significant market growth during the forecast period 2022-2027. Market development is attributed to growing demands for power management like high voltage technologies, coupled with high reliability and robustness for industrial and automotive applications, compactness and high performance for consumer applications. These switched-mode power supply systPMIC provide a full range of defensive features (overcurrent, overvoltage, over-temperature) to maximize the mean time between failures (MTBF) and minimize the amount of external components required to transform the electricity. Various product alternatives are available in the market, all of which provide compactness and good thermal efficiency to support specific applications.

Power Management IC Market Segment Analysis – By End User Type

Power Management IC market is segmented into Consumer Electronics, Automotive, IT & Telecommunication, Healthcare, Industrial, Power & Energy, Aerospace & Defence, others on the basis of end user type. Consumer Electronics segment is anticipated to witness the significant market growth during the forecast period 2022-2027 at 5.9% CAGR. The market growth is due to advances in power semiconductor devices and high voltage integrated circuits. The key requirements for good efficiency, lightweight, reduced scale, and heat dissipation in the digital power management environment is fulfilled by application-specific power MOS systPMICalong with controller ICs and high voltage ICs. Advances in semi-conductor interface technology have stimulated the production of several tiny and light electronic devices. These smaller, lighter, and feature-rich compact products have found widespread usage, especially in computing and telecommunications applications. For instance, these itPMICinclude laptop computers, PCS and Personal Digital Assistants (PDAs). Whilst digital devices operated by batteries continue to grow in technology, their power usage has risen dramatically in terms of efficiency and miniaturisation. Therefore power control has been of utmost importance for optimizing battery capacity, prolonging the activity of the device and rising heat dissipation.

Power Management IC Market Segment Analysis – By Geography

North America region held the highest market share and is anticipated to have the significant market growth during the forecast period 2022-2027 at 4.7% CAGR. The market growth is owing to technological developments, presence of developed countries and key manufacturers in this region. Moreover growing consumer electronics, automotive and other segments in this region is dominating the Power Management IC market. Furthermore, Semiconductor devices are currently one of the fastest growing segments of the electronics industry. Innovative semiconductor technologies have allowed growing demands for device power management and are used to provide cost-effective system solutions. In September 2019, Silvaco entered into a partnership with HDL Design House for Analog and Digital IC Design Services and full turn-key strategies for fabless semiconductor businesses around the globe. In March 2020, Microsoft entered into a partnership with German utility E.ON to develop a smart home platform to manage everything in a house that runs on electricity from washing machines to HVAC thermostats to the charging stations for electric cars. This leads to increase in demand for power management ICs. Consequently, such partnership and product launches propels the market growth.

Power Management IC Market Drivers

Growing trend of smart buildings

Smart home technology help communities and become more energy efficient. Trend toward smart homes have been driving the energy management system. PMIC is able to collect and process big data into useful analytics. Researchers are focusing towards PMICs in order to help smart home owners and to reduce energy consumption, while improving the effectiveness of the power grid. An PMIC helps electric utility grid operators in monitoring and optimizing energy transmission. However, current systems are unable to collect enough data to create energy use comparisons between a large number of households. Furthermore, smart home technologies are not interoperable with today’s PMIC solutions. As more homeowners invest in devices that are network-connected to control functions like lighting, temperature, security and entertainment systems. Hence there are ample opportunities for PMIC to gather much more data about a home’s energy use and helps in creating safer home power management system. Hence these kinds of developments propel the market in the forecast period.

Integration of IoT Technology with energy management devices

These IoT energy devices such as smart meters and other energy devices connect consumers directly to the power distribution station, allowing for a two-way communication. With this, during real time, they can send critical operation information to the utility agencies. This helps utility agencies in easily addressing of any performance issues, including outages, and helps in reducing the system downtime. Smart grids that connect in a single network create smart energy grids. This signifies another way the internet of things can be used in energy management. For instance, Duke Energy, which is a Florida-based company, has introduced a self-healing grid system which can automatically re-calibrate itself after a power outage and as a result minimize the downtime. Tennessee was one of the first cities to implement smart grid technology in the U.S. This has resulted in over 50% shorter outages and helped the community in saving over $1.4 million in 2020 in operating costs during a single storm. Integration of IoT technology is set to fuel energy management system market.

Power Management IC Market Challenges

Complexity in integration process

There is a growing requirement of robust methodologies and implementing toolsets for the deployment of System on Chips. Alongside this, there is also an increased complexity in the integration processes for multi-power domain SOCs (System on a chip). This will restrain market growth during the forecast period 2022-2027.

Power Management IC Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Power Management IC market. As of 2021, the market for Power Management IC market is consolidated with the top players including

  1. STMicroelectronics N.V.
  2. Texas Instruments Inc.
  3. Maxim Integrated Products, Inc.
  4. Renesas Electronics Corp.
  5. Analog Devices, Inc.
  6. Rohm Semiconductor
  7. NXP Semiconductors
  8. On Semiconductor Corporation
  9. Qualcomm, Inc.
  10. Linear Technology Corporation

Recent Developments

  • In January 2020, Integrated Device Technology, Inc. (IDT), a wholly-owned subsidiary of Renesas Electronics Corporation, launched the industry's first integrated power management IC (PMIC) designed for lightweight, un-buffered, DDR5-based dual in-line memory (DIMM) modules that support a wide variety of laptop, mobile and embedded computing platforms.
  • In August 2021, Renesas Completed the Acquisition of Dialog Semiconductor. This acquisition builds on Renesas’ long-term strategy to offer a complete set of solutions with more leading-edge analog and mixed signal products that deliver value and innovation to the customers

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1. Power Management IC Market - Overview
    1.1. Definitions and Scope
2. Power Management IC Market - Executive summary
    2.1. Market Revenue, Market Size and Key Trends by Company
    2.2. Key Trends by type of Application
    2.3. Key Trends segmented by Geography
3. Power Management IC Market 
    3.1. Comparative analysis
        3.1.1. Product Benchmarking - Top 10 companies
        3.1.2. Top 5 Financials Analysis
        3.1.3. Market Value split by Top 10 companies
        3.1.4. Patent Analysis - Top 10 companies
        3.1.5. Pricing Analysis 
4. Power Management IC Market – Startup companies Scenario Premium Premium
    4.1. Top 10 startup company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Market Shares
        4.1.4. Market Size and Application Analysis
        4.1.5. Venture Capital and Funding Scenario
5. Power Management IC Market – Industry Market Entry Scenario Premium Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing business index
    5.3. Case studies of successful ventures
    5.4. Customer Analysis – Top 10 companies
6. Power Management IC Market Forces
    6.1. Drivers
    6.2. Constraints
    6.3. Challenges
    6.4. Porters five force model
        6.4.1. Bargaining power of suppliers
        6.4.2. Bargaining powers of customers
        6.4.3. Threat of new entrants
        6.4.4. Rivalry among existing players
        6.4.5. Threat of substitutes 
7. Power Management IC Market - Strategic analysis
    7.1. Value chain analysis
    7.2. Opportunities analysis
    7.3. Product life cycle
    7.4. Suppliers and distributors Market Share
8. Power Management IC Market – By Channel (Market Size -$Million / $Billion)
    8.1. Market Size and Market Share Analysis 
    8.2. Application Revenue and Trend Research
    8.3. Product Segment Analysis
        8.3.1. Single Channel
        8.3.2. Multi Channel
9. Power Management IC Market – By Operating Range (Market Size -$Million / $Billion)
    9.1. 1µA to 1mA
    9.2. 1.1mA to 1A
    9.3. 1A to 10A
    9.4. 10.1A to 25A
    9.5. 25.1A to 100A
    9.6. Above 100A
10. Power Management IC Market – By Type (Market Size -$Million / $Billion)
    10.1. Programmable Output
    10.2. Fixed Output
    10.3. Others
11. Power Management IC Market – By Function (Market Size -$Million / $Billion)
    11.1. Digital
    11.2. Analog
12. Power Management IC Market – By Application (Market Size -$Million / $Billion)
    12.1. Linear Regulators
    12.2. Reset ICs (Voltage Detectors)
    12.3. LED Controllers
    12.4. DC DC Convertors (Switching Regulators)
    12.5. Switch ICs
    12.6 Others
13. Power Management IC – By End Use Industry(Market Size -$Million / $Billion)
    13.1. Segment type Size and Market Share Analysis 
    13.2. Application Revenue and Trends by type of Application
    13.3. Application Segment Analysis by Type
        13.3.1. Consumer Electronics
        13.3.2. Automotive
        13.3.3. IT and Telecommunication
        13.3.4. Enterprise and Commercial
        13.3.5. Medical and Healthcare
        13.3.6. Industrial
        13.3.7. Power and Energy
        13.3.8. Aerospace, Defense and First Responders
        13.3.9. Oil and Gas
        13.3.10. Others
14. Power Management IC - By Geography (Market Size -$Million / $Billion)
    14.1. Power Management IC Market - North America Segment Research
    14.2. North America Market Research (Million / $Billion)
        14.2.1. Segment type Size and Market Size Analysis 
        14.2.2. Revenue and Trends
        14.2.3. Application Revenue and Trends by type of Application
        14.2.4. Company Revenue and Product Analysis
        14.2.5. North America Product type and Application Market Size
            14.2.5.1. U.S.
            14.2.5.2. Canada 
            14.2.5.3. Mexico 
            14.2.5.4. Rest of North America
    14.3. Power Management IC - South America Segment Research
    14.4. South America Market Research (Market Size -$Million / $Billion)
        14.4.1. Segment type Size and Market Size Analysis 
        14.4.2. Revenue and Trends
        14.4.3. Application Revenue and Trends by type of Application
        14.4.4. Company Revenue and Product Analysis
        14.4.5. South America Product type and Application Market Size
            14.4.5.1. Brazil  
            14.4.5.2. Venezuela
            14.4.5.3. Argentina
            14.4.5.4. Ecuador
            14.4.5.5. Peru
            14.4.5.6. Colombia 
            14.4.5.7. Costa Rica
            14.4.5.8. Rest of South America
    14.5. Power Management IC - Europe Segment Research
    14.6. Europe Market Research (Market Size -$Million / $Billion)
        14.6.1. Segment type Size and Market Size Analysis 
        14.6.2. Revenue and Trends
        14.6.3. Application Revenue and Trends by type of Application
        14.6.4. Company Revenue and Product Analysis
        14.6.5. Europe Segment Product type and Application Market Size
            14.6.5.1. U.K  
            14.6.5.2. Germany 
            14.6.5.3. Italy 
            14.6.5.4. France
            14.6.5.5. Netherlands
            14.6.5.6. Belgium
            14.6.5.7. Spain
            14.6.5.8. Denmark
            14.6.5.9. Rest of Europe
    14.7. Power Management IC – APAC Segment Research
    14.8. APAC Market Research (Market Size -$Million / $Billion)
        14.8.1. Segment type Size and Market Size Analysis 
        14.8.2. Revenue and Trends
        14.8.3. Application Revenue and Trends by type of Application
        14.8.4. Company Revenue and Product Analysis
        14.8.5. APAC Segment – Product type and Application Market Size
            14.8.5.1. China 
            14.8.5.2. Australia
            14.8.5.3. Japan 
            14.8.5.4. South Korea
            14.8.5.5. India
            14.8.5.6. Taiwan
            14.8.5.7. Malaysia
            14.8.5.8. Others
    14.7. Power Management IC – RoW Segment Research
    14.8. RoW Market Research (Market Size -$Million / $Billion)
        14.8.1. Segment type Size and Market Size Analysis 
        14.8.2. Revenue and Trends
        14.8.3. Application Revenue and Trends by type of Application
        14.8.4. Company Revenue and Product Analysis
        14.8.5. RoW Segment – Product type and Application Market Size
            14.8.5.1. Middle East 
            14.8.5.2. Africa
15. Power Management IC Market - Entropy
    15.1. New product launches
    15.2. M&A's, collaborations, JVs and partnerships
16. Power Management IC Market – Industry / Segment Competition landscape Premium Premium
    16.1. Market Share Analysis
        16.1.1. Market Share by Country- Top companies
        16.1.2. Market Share by Region- Top 10 companies
        16.1.3. Market Share by type of Application – Top 10 companies
        16.1.4. Market Share by type of Product / Product category- Top 10 companies
        16.1.5. Market Share at global level- Top 10 companies
        16.1.6. Best Practises for companies
17. Power Management IC Market – Key Company List by Country Premium Premium
18. Power Management IC Market Company Analysis
    18.1. Market Share, Company Revenue, Products, M&A, Developments
    18.2. Company 1
    18.3. Company 2
    18.4. Company 3
    18.5. Company 4
    18.6. Company 5
    18.7. Company 6
    18.8. Company 7
    18.9. Company 8
    18.10. Company 9
    18.12. Company 10