Power Management Integrated Circuit (PMIC) is a specific purpose integrated circuit that is responsible for effectively distributing power to different components of the system. It has functions such as charging current monitoring and low-voltage shutdown, and is a key component in electronic devices.
Overview of Market Development
The performance of power management integrated circuits (PMICs) has a direct impact on the performance and reliability of electronic products, and is an indispensable component of modern electronic devices. In recent years, thanks to the rapid development of downstream markets such as 5G communication, new energy vehicles, and the Internet of Things, the global PMIC market has steadily grown.
According to our research data, the estimated global PMIC market size in 2024 is $25.30 billion, an increase of 5.99% from 2023, and is expected to continue growing to $35.82 billion by 2029. The CAGR for 2024-2029 is estimated to be 7.20%.
Prospect Trend Prediction
Intelligent and Green Development: With the global emphasis on energy efficiency and environmental protection, power management integrated circuits are expected to develop towards a more intelligent and green direction.
Application of AI technology: Power management solutions based on AI technology are quietly emerging, which will improve the intelligence level of battery management.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global PMIC market is moderate. According to the data, the total revenue share of PMIC market for the top 3 companies in 2023 was 40.83%. The top three companies were Texas Instruments Inc., Analog Devices Inc., and Infineon Technologies AG. In 2023, these three companies' PMIC market revenue accounted for 19.57%, 12.59%, and 8.67% of the global market, respectively.
Global Power Management Integrated Circuit (PMIC) Market Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of types, PMICs can be roughly divided into system power management ICs, battery management ICs, and other types based on their different functions. Among them, system power management ICs dominate the market, with an estimated market share of 62.03% in 2024.
From the perspective of downstream application patterns, PMICs are widely used in fields such as automotive and transportation, consumer electronics, industry, as well as telecommunications and networks. Among them, the consumer electronics sector is the largest downstream application market, with an estimated application share of 55.73% in 2024.
Global PMIC Segment Market Size and Market Share Forecast in 2024
|
|
Market Size (Billion USD)
|
Market Share
|
|
Segmented by Type
|
|
System Power
Management ICs
|
15.69
|
62.03%
|
|
Battery Management
ICs
|
2.47
|
9.74%
|
|
Others
|
7.14
|
28.23%
|
|
Segmented by Application
|
|
Automotive and
Transportation
|
2.16
|
8.52%
|
|
Consumer Electronics
|
14.10
|
55.73%
|
|
Industry
|
4.68
|
18.50%
|
|
Telecommunications
and Networks
|
2.23
|
8.81%
|
|
Others
|
2.14
|
8.44%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Power Management Integrated Circuit (PMIC) Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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