Power Management Integrated Circuit Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Report Covers Digital Power Management ICs Companies and is Segmented by Product Type (Voltage Regulators, Motor Control ICs, Battery Management ICs, and Multi-Channel PMICs), by End-User (Automotive, Consumer Electronics, Industrial, Communication, and Computing, Other End-Users), by Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are in Terms of Value (USD) for all the Above Segments

Power Management Integrated Circuit Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Power Management Integrated Circuit (PMIC) Industry Overview

The power management integrated circuit (IC) market is characterized by a high degree of fragmentation, featuring prominent players like Texas Instruments Incorporated, Semiconductor Components LLC (onsemi), Analog Devices Inc., ROHM Co. Ltd, and Vishay Intertechnology Inc. These key players in the market are actively pursuing various strategies, including partnerships and acquisitions, to enhance their product portfolios and establish sustainable competitive advantages.

In April 2023, Texas Instruments made a significant announcement regarding its latest offering, the SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs). These ICs are designed to cater to applications operating in high-density or high-temperature environments, with the capability to withstand temperatures up to 105ºC. The initial products within TI's new CC33xx family encompass options for Wi-Fi 6 connectivity alone, as well as Wi-Fi 6 paired with Bluetooth Low Energy 5.3 connectivity, all integrated into a single IC. This innovative solution facilitates a secure IoT connection with dependable RF performance when interfacing with a microcontroller unit (MCU) or processor, particularly in industrial sectors like grid infrastructure, medical, and building automation.

In May 2023, Semiconductor Components LLC (onsemi) announced a strategic partnership with Vitseco Technologies aimed at bolstering SiC (Silicon Carbide) technology capacity expansion. The two companies have entered into a substantial 10-year long-term supply agreement valued at USD 1.9 billion, primarily centered on SiC products. Under the terms of this agreement, Vitseco will inject USD 250 million in investment to Onsemi for the acquisition of new equipment dedicated to SiC wafer production, boule growth, and epitaxy processes. This strategic move is intended to secure a stable and robust SiC capacity for the future, ensuring both companies are well-positioned to meet growing market demands.

Power Management Integrated Circuit (PMIC) Market Leaders

  1. Texas Instruments Incorporated

  2. Semiconductor Components Llc (onsemi)

  3. Analog Devices Inc.

  4. ROHM Co. Ltd

  5. Vishay Intertechnology Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Power Management Integrated Circuit Market Concentration

Power Management Integrated Circuit (PMIC) Market Report Snapshots

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