Market Size of Switching Regulators Power Management IC Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Switching Regulators Power Management IC Market Analysis
The global switching regulators power management IC market is expected to register a CAGR of 5.5 % during the forecast period 2022-2027. COVID-19 has had a significant impact on this market, owing primarily to supply chain disruption and unstable demand across its end-user industries. For example, the European automotive industry was severely impacted and saw a decrease in overall automotive production due to severe supply chain disruption caused by imposed lockdowns. However, as conditions improve, demand for Switching Regulators Power Management ICs (PMIC) from the automotive sector is expected to rise.
- Switching regulators receive support from a more complex design, which allows them to handle more power and produce a stable output voltage from varying input voltages. As a result, switching voltage regulators and ICs have grown in popularity in recent years, providing greater efficiency and flexibility to the user.
- For instance, in June 2022, ROHM introduced new automotive LDO regulator ICs with proper operation at nanoscale output capacitance. Nano Cap technology solves capacitor problems, opening new prospects for greater stability. The BD9xxN1 series (BD950N1G-C, BD933N1G-C, BD900N1G-C, BD950N1WG-C, BD933N1WG-C, BD900N1WG-C) is optimized for primary (direct connection to 12V) energy supplies in a wide range of applications, including powertrain, body, ADAS, and car infotainment.
- The consumer electronics market has also grown significantly in recent years. For instance, the value of smartphone sales in the United States is expected to increase to USD 74.7 billion in 2021, according to the US Census Bureau and CTA. Although switching regulator Power Management ICs (PMIC) are used in products like digital cameras, video camcorders, wireless devices, streaming media boxes and dongles, smartphones, robots, and personal computer devices, demand is expected to rise.
- Furthermore, battery charging stations and infrastructure are expected to grow worldwide. Also, with increased automation in various industries, demand for batteries has increased significantly, supporting market growth. Furthermore, innovation and rising penetration of portable batteries and power banks contribute significantly to the market.
- For instance, in October 2021, Power Global announced a USD 25 million investment in India over the next two to three years to establish a lithium-ion battery manufacturing unit and battery swapping infrastructure. Furthermore, the company constructed a one-gigawatt battery plant in Greater Noida, Uttar Pradesh. It plans to retrofit around 8 lakh existing three-wheelers in India for conversion to electric versions.
Switching Regulators Power Management IC Industry Segmentation
A switching regulator power supply is a high-efficiency DC/DC converter that can convert an input direct current to a different voltage output direct current if necessary. Switching regulators have low quiescent currents (or standby currents). The study is segmented by various end-user applications such as Automotive, Consumer Electronics, Industrial, and Communication, among others, in multiple geographies. The impact of Covid-19 on the market and affected segments are also covered under the scope of the study. Further, the disruption of the factors impacting the market's growth in the near future has been covered in the study regarding drivers and restraints.
| By End-user Industry | |
| Automotive | |
| Consumer Electronics | |
| Industrial | |
| Communication | |
| Other End-users Industries |
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| Rest of the World |
Switching Regulators Power Management IC Market Size Summary
The global switching regulators power management IC market is poised for steady growth, driven by increasing demand across various sectors such as automotive, consumer electronics, and industrial automation. The market has shown resilience despite challenges posed by the COVID-19 pandemic, which disrupted supply chains and affected demand in key industries. As conditions stabilize, the automotive sector is expected to contribute significantly to the demand for switching regulators, particularly with advancements in electric vehicles and automotive electronics. The consumer electronics sector also plays a crucial role, with rising disposable incomes and technological advancements fueling the demand for smart devices. Innovations in battery technology and infrastructure further support market expansion, as seen in investments in lithium-ion battery manufacturing and electric vehicle conversion projects.
The Asia Pacific region presents substantial growth opportunities, driven by increased investments from major electronics and automotive manufacturers. Countries like India and China are focusing on boosting their electronics and automotive sectors through government initiatives and foreign investments, which are expected to enhance the demand for switching regulators. The competitive landscape of the market is marked by the presence of key players such as ROHM Co., Ltd., Infineon Technologies AG, and NXP Semiconductors, who are actively introducing innovative products and forming strategic partnerships to maintain their market positions. These developments, coupled with the growing emphasis on domestic manufacturing and technological advancements, are anticipated to propel the market forward during the forecast period.
Switching Regulators Power Management IC Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porters Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By End-user Industry
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2.1.1 Automotive
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2.1.2 Consumer Electronics
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2.1.3 Industrial
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2.1.4 Communication
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2.1.5 Other End-users Industries
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2.2 By Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.2 Europe
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2.2.2.1 United Kingdom
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2.2.2.2 Germany
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2.2.2.3 Italy
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2.2.2.4 France
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2.2.2.5 Rest of the Europe
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2.2.3 Asia Pacific
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2.2.3.1 China
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2.2.3.2 India
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2.2.3.3 Japan
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2.2.3.4 South Korea
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2.2.3.5 Australia & New Zealand
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2.2.3.6 Rest of the Asia Pacific
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2.2.4 Rest of the World
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Switching Regulators Power Management IC Market Size FAQs
What is the current Switching Regulators Power Management IC Market size?
The Switching Regulators Power Management IC Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Switching Regulators Power Management IC Market?
Infineon Technologies AG, Maxim Integrated, ROHM Co., Ltd., Texas Instruments Incorporated and STMicroelectronics are the major companies operating in the Switching Regulators Power Management IC Market.
