Power Management IC Market to Observe Prominent CAGR of 6.8%

The global power management IC market was valued at USD 35.11 billion in 2023 and is expected to reach USD 62.01 billion by 2031, registering a CAGR of 6.8% during the forecast period of 2024-2031.

Market Definition: A power management integrated circuit (PMIC) refers to an array of combined microchips used to manage energy flow between transistors and capacitors in electronic devices. PMIC is commonly utilized in battery-operated electronics, including smartphones, portable media players, wearable devices and healthcare equipment. It performs various operating functions, such as power and battery management, system control, voltage regulation, audio and interface functions, and other application-specific tasks. Owing to this, PMIC finds extensive applications across electronics, automotive, computing devices, communication, and healthcare industries.

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Texas Instruments Inc. (U.S.), Analog Devices, Inc. (U.S.), Infineon Technologies AG (Germany), STMicroelectronics NV (Switzerland)

NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corporation (Japan), On Semiconductor Corporation (U.S.), ROHM Co., Ltd. (Japan)

Power Integrations, Inc. (U.S.), Dialog Semiconductor plc (U.K.), Toshiba Electronic Devices & Storage Corporation (Japan), and Microchip Technology Inc. (U.S.) Competitive Landscape and Power Management IC Market Share Analysis: The market is segmented on the basis of voltage regulators and power management units. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market

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