Power Management IC (PMIC) Market by Product Type (Voltage Regulators, Battery Management ICs, DC-DC Converters, Motor Control ICs), Power Range, Application (Consumer Electronics, Automotive, Industrial, Telecom) — Global Forecast to 2035

The Power Management IC (PMIC) Market is expected to reach USD 77.74 billion by 2035 from USD 41.53 billion in 2025, at a CAGR of 6.3% from 2025 to 2035. The major factors driving the growth of the power management IC market include increasing adoption of electric vehicles and hybrid vehicles, growing demand for energy-efficient electronic devices, proliferation of IoT devices and wearables, and expanding deployment of 5G infrastructure. Additionally, the adoption of wide-bandgap semiconductors (GaN and SiC) and integration of AI-enabled power management solutions are expected to create growth opportunities for players operating in the power management IC market.

Key Market Highlights:

• In 2025, Asia-Pacific accounts for the largest share of the global power management IC market, driven by robust electronics manufacturing capabilities, rapid industrialization, and the presence of major semiconductor foundries and consumer electronics manufacturers.
• North America is projected to grow at a CAGR of around 6% during the forecast period, fueled by growing demand for electric vehicles, data center infrastructure, and advanced automotive electronics requiring sophisticated power management solutions.
• Based on product type, the voltage regulator IC segment holds the largest share of the market in 2025, driven by increasing demand for stable voltage regulation in consumer electronics, automotive systems, and industrial applications.
• Based on power range, the low power PMIC segment dominates the market in 2025, owing to its widespread adoption in smartphones, wearables, IoT devices, and portable electronics due to superior energy efficiency and extended battery life requirements.
• Based on application, the automotive segment is expected to witness the highest growth rate during the forecast period, driven by increasing adoption of electric vehicles, advanced driver assistance systems (ADAS), and 800V drivetrain architectures requiring advanced battery management ICs.
• Based on application, the consumer electronics segment accounts for the largest share of the market in 2025, fueled by growing demand for smartphones, tablets, wearables, smart home devices, and devices requiring multiple regulated power rails.
• The industrial segment is expected to grow at a significant CAGR during the forecast period, driven by increasing adoption of Industry 4.0, smart manufacturing, industrial automation systems, and energy-efficient power conversion technologies.
• China is expected to lead the Asia-Pacific power management IC market, driven by massive electronics manufacturing capabilities, IoT ecosystem expansion, and government initiatives supporting domestic semiconductor production.
• In 2025, Germany is projected to account for the largest share of the European power management IC market, driven by its strong automotive industry adopting 800V EV systems and the presence of leading semiconductor manufacturers like Infineon Technologies.

Increasing Adoption of Electric Vehicles Driving Market Growth and Insights

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The automotive industry is moving rapidly towards complete electrification, with increasing demand for EVs and hybrid vehicles owing to concerns regarding the impact of carbon emissions on the environment and the imposition of regulations by several governments. Power management ICs form an integral part of such automobiles, as these devices have to manage battery power with a view to assuring optimum distribution of energy for the effective performance of the sets of electronic systems. EV architectures demand PMICs dealing with high continuous currents while maintaining thermal stability, which encourages the usage of silicon-carbide power stages and advanced thermal packaging. Moreover, the technology of autonomous vehicles and the development of ADAS have also enhanced the requirement for sophisticated power management, since both the technologies are highly dependent on electronic components for their operation.

Growing demand for energy-efficient electronic devices.

The introduction of smartphones, tablets, wearables, along with other consumer electronics, has boosted demand for power management ICs with better power efficiency and integration features. Hence, most modern electronic devices adopt several regulated rails per device that need efficient power distribution to minimize energy consumption and maximize battery life. PMICs play a crucial role in these applications, where optimizing battery life and ensuring efficient device operations is of utmost significance. Therefore, manufacturers try to integrate state-of-the-art features related to adaptive voltage scaling, dynamic power management, and ultra-low power standby modes into the circuit design to keep up with the changing needs of modern electronic devices.

Power Management IC Market Report Summary

Power Management IC Market Trends

Integration of AI and Machine Learning in Power Management

A major trend in the PMIC market is the integration of machine learning and AI algorithms into power management ICs that enable real-time power optimization based on adaptive power management. This power management strategy significantly improves device life, reduces energy waste, and offers a better user experience. Today's premium smartphones are embedding predictive degradation engines with on-PMIC machine learning capabilities, enabling sustained high battery capacity after extended charge cycles by adapting charge patterns.

Adoption of Wide-Bandgap Semiconductors

It is the development of such wide-bandgap semiconductors as SiC and GaN that enables PMICs to handle higher voltages and temperatures at minimal energy loss. As a matter of fact, more and more EV chargers, solar and wind inverters, and data center supplies are using ICs with these semiconductors. These materials are making components smaller, faster, more reliable, and efficient than earlier, conventional silicon-based parts.

Power Management IC Market Opportunities

Expanding 5G Infrastructure and IoT Ecosystem

The higher deployment of 5G networks and growing IoT industry are driving significant growth opportunities for the power management IC market. For instance, the deployment of 5G infrastructure requires high-voltage PMICs drawing 48V direct feeds, while IoT endpoints utilize energy-harvesting PMICs that can start at low voltage thresholds. This increasing demand for power-efficient circuits to extend battery life in wearables, including smartwatches, fitness trackers, and healthcare monitors, is a great opportunity for the players operating in the market.

Overview of Power Management IC Market: Key Findings

By Product Type: Voltage Regulators Segment to Dominate the Market in 2025

The product type segmentation includes voltage regulators, battery management ICs, DC-DC converters, motor control ICs, integrated ASSP power management ICs, and other product types. In 2025, the voltage regulators segment holds the largest share of the power management IC market. This is due to the fact that voltage regulators find huge applications in ensuring stable voltage across devices and are thus considered crucial in any electrical system. There is also an increasing demand for power supplies across consumer electronics, automotive, and industrial applications.

However, the battery management ICs segment is expected to grow at the highest CAGR during the forecast period. This growth is due to the increasing demand for efficient energy storage solutions, increasing adoption of electric vehicles that include advanced energy storage systems, and the rising need for battery management systems in portable electronics and energy storage applications.

By Application: The Consumer Electronics Segment to Dominate the Market in 2025

The power management IC market, based on application, has been segmented into consumer electronics, automotive & e-mobility, industrial, telecommunications, healthcare, and other applications. In 2025, the consumer electronics segment commands the largest share of the power management IC market. The large market share of this segment is attributed to the growing demand for smartphones, tablets, wearables, and other consumer devices that require efficient power management, the integration of multiple regulated rails per device, and the rising standards of living increasing awareness about device performance.

However, the automotive & e-mobility segment is expected to exhibit the highest CAGR during the forecast period, driven by increased manufacturing of automobiles fitted with advanced electronics, growth in the adoption of electric vehicles, and rising demand for ADAS and infotainment systems that need sophisticated power management solutions.

Geographic Analysis

Asia-Pacific to Dominate the Power Management IC Market in 2025

In 2025, Asia-Pacific holds the largest share of the global power management IC market. The growth of this market is primarily attributed to the presence of leading foundries and consumer-electronics assembly facilities, China's EV scale-up and South Korea's memory lines fueling PMIC volume, the rapid growth in IoT and connectivity markets, and government initiatives supporting semiconductor industry development. The primary Asian countries driving the growth of the power management IC market include China, India, South Korea, Japan, and Taiwan.

Power Management IC Industry Overview: Latest Developments from Key Industry Players

• In August 2025, Infineon completed the acquisition of Marvell Technology's Automotive Ethernet business for US$2.5 billion, following announcement in April 2025 and all necessary regulatory approvals, enhancing microcontroller and system expertise for automotive PMICs in software-defined vehicles
• In October 2025, Yageo Corporation completed its public tender offer and acquired a ~21.43% stake in Anpec Electronics Corporation (power-IC/PMIC design house)
• In February 2025, Infineon Technologies launched the new PMIC OPTIREG™ TLF35585, a multi-rail power management IC for automotive applications, delivering robust power supply and functional-safety support (up to ASIL-D) for microcontrollers and sensor supplies in harsh automotive environments.

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