Power Management IC Market Size is to Grow at CAGR of 10.1% | STMicroelectronics, Analog Devices Inc.
Research Reports
Mar 16, 2023
Power Management IC Market Insights
According to MRFR analysis, the global Power Management IC Market is expected to register a CAGR of ~10.1% from 2022 to 2030 and hold a value of over USD 71 billion by 2030.
Power management integrated circuits (ICs) are semiconductor devices that are used to control the power consumption of electronic devices. They help to regulate the voltage and current supplied to the device and can include features such as power-on reset, over-voltage protection, and thermal protection. The COVID-19 pandemic has had a mixed impact on the power management IC industry. The increased demand for electronics as people spend more time at home has led to an increase in demand for power management ICs. This includes devices such as laptops, smartphones, tablets, and smart home devices which are in high demand during the pandemic
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Power Management IC Market Key Players
Some of the key market players are-
- exas Instruments Incorporated
- STMicroelectronics
- Analog Devices Inc.
- Infineon Technologies AG
- NXP Semiconductors
- Qualcomm Technologies Inc
- Maxim Integrated
- ON Semiconductor Corporation
- Toshiba Corporation
- ROHM Company Ltd
- Renesas Electronics Corporation
- Mitsubishi Electric Corporation.
Power Management IC Market Report Scope:
|
Report Attribute/Metric |
Details |
|
Market Size in 2030 |
USD 71 billion |
|
Growth rate: |
CAGR of 10.1% from 2022 to 2030 |
|
Forecast Period |
2022-2030 |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Regional Analysis
North America is one of the leading key players in the Power Management IC Market. The region adopts electronic gadgets at an early stage. The US is a key country that drives the demand for power management IC in this market. There are various manufacturers of consumer electronics such as smartphones, portable speakers, tablets, and AI electronics in the country. The high performance of power management ICs offered by these manufacturers attracts many users in the region. Similarly.
Power Management IC Market Segmentation
The Global Power Management IC’s market has been segmented into product and application.
Based on the product, the market has been segmented into Integrated ASSP power management IC, Motor Control IC, Voltage Regulators, SiC, and GaN.
Based on the application, the market has been segmented into Consumer and Wearable Electronics, Automotive, Telecom and Networking, and Industrial.
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