Global Power Management IC Sector to Reach USD 79.8 Billion by 2035 Amid Soaring Demand Across Electronics and Automotive Industries

The power management integrated circuit (IC) industry is expected to witness robust growth over the next decade, with market projections reaching USD 79.8 billion by 2035, a significant increase from its estimated USD 41.1 billion valuation in 2024. This marks a compound annual growth rate (CAGR) of 6.9%, driven by expanding applications in consumer electronics, automotive systems, industrial equipment, and telecommunication infrastructure.

As the backbone of modern electronic devices, power management ICs (PMICs) are crucial for regulating voltage, managing battery life, reducing power consumption, and ensuring stable performance in compact, power-dense systems. Their increasing integration in both high-performance and portable electronics is shaping the future of efficient power usage.

Sector Dynamics & Key Growth Enablers

The rise of IoT devices, EVs, 5G technology, and portable medical equipment has significantly widened the use cases for PMICs. Analysts attribute the steady rise in market value to three primary factors:

• Proliferation of Consumer Electronics: Smartphones, wearables, tablets, and laptops require increasingly compact and efficient power management systems.
  
  

• Electric Vehicle Boom: EV powertrains, battery systems, and infotainment platforms are spurring demand for battery management and voltage regulation ICs.
  
  

• Industrial Automation: The global shift toward smart manufacturing and energy-efficient machinery is amplifying the role of multi-channel and motor control ICs.

Market Segmentation Snapshot

By Product Type:

• Voltage Regulators: Leading the market with widespread use in digital electronics and embedded systems.
  
  

• Battery Management ICs: In high demand due to the EV surge and energy storage applications.
  
  

• Motor Control ICs & Multi-Channel ICs: Finding increased use in industrial automation and smart appliances.
  
  

• Others: Includes protection circuits and power switches for niche applications.
  
  

By Power Source:

• AC-DC Converters: Integral to wall-powered devices and charging units.
  
  

• DC-DC Converters: Essential in mobile devices and battery-operated systems for efficient voltage scaling.
  
  

By End User:

• Consumer Electronics – The largest segment, driven by device miniaturization and performance optimization.
  
  

• Automotive – Rapidly growing due to the evolution of electric and autonomous vehicles.
  
  

• Industrial and Telecommunication – Emphasizing reliability and power efficiency in mission-critical operations.
  
  

• Healthcare – Utilizing PMICs in diagnostics, imaging, and portable monitoring devices.

Regional Trends

• Asia-Pacific remains the leading regional market, fueled by electronics manufacturing hubs in China, South Korea, Taiwan, and Japan.
  
  

• North America follows closely, thanks to innovation in semiconductor design and strong automotive and healthcare sectors.
  
  

• Europe is progressing steadily, backed by industrial automation and stringent power efficiency regulations.

Competitive Landscape

The sector is highly consolidated, with established semiconductor giants competing on innovation, efficiency, and system integration. Companies are investing in GaN and SiC-based PMICs, energy harvesting technologies, and AI-assisted power monitoring solutions.

Prominent players include:

• Texas Instruments Incorporated
  
  

• Analog Devices, Inc.
  
  

• STMicroelectronics
  
  

• Infineon Technologies AG
  
  

• Renesas Electronics Corporation
  
  

• ROHM Co., Ltd.
  
  

• Microchip Technology Inc.
  
  

• Navitas Semiconductor
  
  

• Kinetic Technologies
  
  

• ams-OSRAM AG
  
  

• Mitsubishi Electric Corporation
  
  

• Semiconductor Components Industries, LLC
  
  

• Arrow Electronics, Inc.
  
  

• Nordic Semiconductor
  
  

For detailed data, charts, and customization options, access the full report here:
? Power Management IC Market Forecast till 2035.

Outlook

As devices become smarter, more efficient, and energy-sensitive, power management solutions are set to play an even more critical role in shaping global electronics. From next-gen mobile gadgets to green energy and electric vehicles, power management ICs will be foundational to the next wave of innovation.