Power Management IC Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Application (Linear Regulators, Reset ICs, LED Controllers, DC-DC Converters, Switch ICs, and Others), By End Use (Consumer Electronics, Automotive, IT & Telecommunication, Healthcare), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 40.27 Billion
CAGR (2026-2031)	8.87%
Fastest Growing Segment	Automotive
Largest Market	Asia Pacific
Market Size (2031)	USD 67.05 Billion

Market Overview

The Global Power Management IC Market will grow from USD 40.27 Billion in 2025 to USD 67.05 Billion by 2031 at a 8.87% CAGR. Power Management Integrated Circuits (PMICs) are specialized electronic components designed to manage power requirements in host systems by performing essential functions such as voltage conversion, battery management, and regulation. The market is primarily propelled by the rapid electrification of the automotive sector, specifically the production of electric vehicles, and the expanding infrastructure for renewable energy systems. Additionally, the increasing density of consumer electronics and Internet of Things devices supports the fundamental demand for efficient energy distribution and regulation components.

One substantial challenge that could impede market expansion is the complexity of thermal management in high-density designs, which complicates manufacturing and integration processes. According to the World Semiconductor Trade Statistics (WSTS), in 2025, the Analog semiconductor category, which encompasses power management devices, recorded a growth of 4 percent during the first half of the year. This data reflects a steady demand trajectory despite broader supply chain fluctuations that occasionally affect component availability and pricing.

Key Market Drivers

The accelerating global adoption of electric and hybrid vehicles serves as a primary catalyst for the Power Management IC market, fundamentally altering semiconductor requirements within the automotive sector. Modern electric vehicle architectures demand complex battery management systems and efficient power conversion modules to maximize driving range and ensure safety, thereby significantly increasing the volume of power chips per unit. This transition necessitates high-performance components capable of handling high voltages and thermal dissipation in electric powertrains. According to the International Energy Agency, April 2024, in the 'Global EV Outlook 2024', electric car sales reached nearly 14 million in 2023, representing a 35 percent increase compared to the previous year. This surge in vehicle production directly correlates with higher procurement volumes for specialized voltage regulators and battery monitoring integrated circuits needed to support the electrification of transport.

Large-scale deployment of 5G telecommunications networks and the sustained demand for connected consumer devices further reinforce market expansion. As mobile devices integrate faster connectivity and artificial intelligence capabilities, power density requirements intensify, demanding highly efficient integrated circuits to extend battery life and manage heat in compact form factors. According to Ericsson, June 2024, in the 'Ericsson Mobility Report', 5G subscriptions increased by 160 million during the first quarter of 2024, bringing the global total to approximately 1.7 billion. The proliferation of 5G-enabled handsets and IoT endpoints drives the need for optimized power solutions to maintain signal integrity and energy efficiency. According to the Semiconductor Industry Association, in 2024, global semiconductor industry sales totaled $53.1 billion in August, marking a 20.6 percent increase compared to the same month in the prior year, highlighting the robust underlying demand for chip components including power management units.

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Key Market Challenges

The complexity of thermal management in high-density designs stands as a significant impediment to the rapid scaling of the Global Power Management IC Market. As manufacturers attempt to pack more functionality into smaller footprints for electric vehicles and compact IoT devices, the resulting heat density becomes difficult to dissipate without compromising performance or reliability. This physical limitation necessitates the use of intricate, often expensive, cooling architectures and advanced packaging materials, which disrupts standard manufacturing workflows. Consequently, production yields can decrease while fabrication costs rise, creating a bottleneck that delays product time-to-market and constrains the volume of next-generation power chips available to meet surging demand.

The impact of these technical friction points is quantifiable in the market's comparatively moderate expansion rates. While demand for electrification is high, the inability to easily scale high-density power solutions dampens the sector's overall growth trajectory relative to other semiconductor types. According to the World Semiconductor Trade Statistics (WSTS), in 2025, the global Analog semiconductor category is projected to achieve a full-year growth rate of 7 percent. This figure, while positive, trails significantly behind the double-digit surges seen in digital logic sectors, highlighting how design and thermal integration challenges are effectively limiting the production capacity and market potential of power management devices.

Key Market Trends

The industry is shifting toward Wide Bandgap (WBG) materials like Silicon Carbide (SiC) and Gallium Nitride (GaN), moving beyond the physical limitations of traditional silicon. These materials enable power management ICs to operate at significantly higher voltages and temperatures with minimal energy loss, which is critical for optimizing electric vehicle powertrains and industrial charging infrastructure. Manufacturers are aggressively scaling production capacities to meet this technical transition, often investing in vertically integrated supply chains to secure long-term wafer availability. According to STMicroelectronics, May 2024, in the press release 'STMicroelectronics to build the world's first fully integrated silicon carbide facility in Italy', the company committed to a multi-year investment of €5 billion to construct a new high-volume SiC manufacturing campus, underscoring the massive capital allocation driving this material revolution.

The integration of Artificial Intelligence for dynamic power optimization is simultaneously reshaping data center power architectures. As AI training clusters demand unprecedented levels of current with extremely fast transient responses, standard voltage regulators are being replaced by intelligent, multiphase power management solutions. These advanced ICs utilize real-time telemetry and adaptive control algorithms to maximize efficiency and protect sensitive processors during peak computational loads, creating a distinct hyper-growth segment within the broader market. According to Monolithic Power Systems, August 2024, in the 'Q2 2024 Earnings Release', the company reported that its Enterprise Data revenue increased by 290 percent year-over-year, a spike directly attributed to the escalating need for power solutions supporting artificial intelligence applications.

Segmental Insights

The Automotive segment is positioned as the fastest-growing category in the Global Power Management IC Market, driven principally by the rapid electrification of the transportation sector. Stringent carbon emission mandates enforced by regulatory entities like the European Commission are accelerating the widespread adoption of electric vehicles, which require extensive power regulation for complex battery management systems. Additionally, the increasing integration of advanced driver-assistance systems creates a higher demand for stable power supply components in modern automobiles. These trends ensure that the automotive industry remains a primary catalyst for substantial market expansion.

Regional Insights

Asia Pacific commands the leading position in the Global Power Management IC Market, primarily due to its status as the global hub for semiconductor and consumer electronics manufacturing. Major economies such as China, South Korea, and Taiwan house extensive production facilities for smartphones, wearables, and connected devices, creating sustained demand for efficient power management components. Additionally, the region’s aggressive expansion in the automotive sector, specifically the high-volume production of electric vehicles, accelerates market adoption. Industry analysis highlights that robust government initiatives supporting domestic semiconductor fabrication and industrial automation further consolidate Asia Pacific's dominant market position.

Recent Developments

• In November 2025, Infineon Technologies AG entered into a strategic partnership with Munich Electrification to advance battery management system capabilities for electric vehicles. This collaboration coincided with the launch of the PSOC 4 HVPA-SPM 1.0, an intelligent automotive microcontroller that integrated high-voltage power management features. The joint initiative focused on combining semiconductor hardware with sophisticated management software to support software-defined vehicle architectures. By offering a solution that merged precise analog monitoring with efficient power control, the companies aimed to reduce system complexity and development costs for automotive manufacturers transitioning to zonal architectures.
• In March 2025, Texas Instruments unveiled a new portfolio of power management devices specifically designed to enhance energy efficiency in data centers supporting high-performance computing and artificial intelligence. The release included the TPS1685, described as the industry's first 48-volt integrated hot-swap eFuse with power-path protection, and a series of gallium nitride power stages housed in standard packages. These innovations aimed to address the critical challenges of power density and thermal management in server power supply units. The new integrated circuits enabled designers to achieve superior system efficiency while minimizing the physical footprint of power delivery networks in data infrastructure.
• In December 2024, STMicroelectronics introduced the SPSB100, a highly configurable power management integrated circuit tailored for the automotive sector. This new device was engineered to support advanced automotive controllers by providing specific voltage rails, low-power mode management, and wake-up functionalities required for modern vehicle architectures. The component featured a boost controller to maintain stability during cold-cranking events and adhered to stringent functional safety standards, including ISO 26262 ASIL B and D. This launch underscored the company's focus on delivering robust power solutions for zonal control units and body control modules within the rapidly evolving electric vehicle market.
• In October 2024, Renesas Electronics Corporation announced a strategic collaboration with a major computing technology company to develop a comprehensive power management solution for the new Core Ultra 200V series processors. This partnership resulted in the creation of the RAA225019 power management IC, a high-efficiency pre-regulator, and a battery charger, all designed to optimize battery life for next-generation artificial intelligence personal computers. The new integrated circuit featured fully integrated power MOSFETs and current sensing circuitry, allowing for high switching frequencies and a compact form factor suitable for mobile computing applications. This development addressed the growing demand for efficient power regulation in power-intensive AI workloads.

Key Market Players

• Texas Instruments Incorporated
• Infineon Technologies AG
• Maxim Integrated Products, Inc.
• STMicroelectronics N.V.
• Semiconductor Components Industries, LLC
• Analog Devices, Inc.
• Renesas Electronics Corporation
• NXP Semiconductors N.V.
• Richtek Technology Corporation
• Microchip Technology Inc.

By Application	By End Use	By Region
Linear Regulators Reset ICs LED Controllers DC-DC Converters Switch ICs Others	Consumer Electronics Automotive IT & Telecommunication Healthcare	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Power Management IC Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Power Management IC Market, By Application:

• Linear Regulators
• Reset ICs
• LED Controllers
• DC-DC Converters
• Switch ICs
• Others

• Power Management IC Market, By End Use:

• Consumer Electronics
• Automotive
• IT & Telecommunication
• Healthcare

• Power Management IC Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE