The Global Power Management Integrated Circuit market drivers and restraints Market report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.

Numerous benefits in various industries including automotive and transportation, consumer electronics, and others are linked to increasing miniaturization of electrical components. The automotive sector will gain from smaller electronics in addition to the consumer electronics sector. Electronics can now be found in an increasing number of domains of application, including the vehicle, due to miniaturization. Functional safety is becoming a more important consideration when integrating new features, particularly in automotive industry. Automotive Power Management Integrated Circuits (PMICs), for instance, must guarantee that their output voltages are consistently within a required range. Redundant reference voltages and double clock trees are included in functional safety and integrated features of PMICs. The designers will be able to reach desired application safety level with manageable design effort and affordable cost due to such integrated features. Rapid growth in the automotive and transportation industry is expected to create a high demand for automobile PMIC and hence drive revenue growth of the market.

Increasing sales of consumer electronics and miniaturization of electrical components are leading to rising demand for PMICs. PMICs are used in consumer electronics devices to regulate voltage so that power supply in these devices is stable. PMICs can further handle power-on and power-off sequencing of various subsystems within a device, hence ensuring that the parts are turned on and off in proper sequence to avoid any potential damage or failure.

However, concerns related to power dissipation and energy losses are a major factor hampering revenue growth of the market.

Some Key Highlights From the Report

• The voltage regulators segment is expected to account for largest revenue share in the global power management Integrated Circuit (IC) market over the forecast period. This can be attributed to a crucial role played by voltage regulators in PMICs to keep the check on voltage regulation to avoid damage of device.
• The automotive and transportation segment is expected to account for largest revenue share in the global power management Integrated Circuit (IC) market over the forecast period. Rapidly rising demand for Electric Vehicles (EVs) and self-driving cars is expected to create a high demand for Advanced Driver Assistance Systems (ADAS) which use PMICs. This is expected to support revenue growth of this segment.
• Asia Pacific market accounted for a relatively larger revenue share in 2022. Rapid growth of automotive and transportation industry and cheaper manufacturing of electronic components in countries such as China, Japan, and South Korea are expected to drive revenue growth of the market.
• April 20, 2023, Infineon Technologies AG introduced the first-ever LPDDR Flash memory in the industry, designed to support future automotive EE architectures. It is a cutting-edge technology that ensures secure and dependable execution of code, which is crucial for automotive domain and zone controllers. When compared to existing NOR Flash memories, this device offers a remarkable 8-fold increase in performance and achieves transactions for real-time applications that are 20 times faster when it comes to random read operations.

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Emergen Research has segmented the global power management Integrated Circuit (IC) on the basis of product type, end-use, and region:

• Product Type Outlook (Revenue, USD Billion; 2019-2032)

  • Voltage Regulators
  • Battery Management IC
  • Motor Control IC
  • Integrated ASSP Power Management IC
  • Others

• End-Use Outlook (Revenue, USD Billion; 2019-2032)

  • Automotive and Transportation
  • Consumer Electronics
  • Industrial
  • Telecom Networking

• Regional Outlook (Revenue, USD Billion; 2019–2032)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. U.K.
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of MEA
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