Power Management ICs (PMICs) Market Size, Share, Growth Analysis, By Product(Voltage Regulators, Linear Voltage Regulators, DC Regulators, Motor Control ICs), By End User(Automotive & Transportation, Consumer Electronics, Industrial, Telecom & Networking), By Region - Industry Forecast 2024-2031

Asia Pacific is holding the biggest market share over the projection period, with a CAGR of 6.5%. The primary Asian economies that have an impact on PMICS and PMIC-embedded products include China, India, South Korea, Japan, and Taiwan. In the Asia-Pacific region, China, Japan, and India each possess large market shares for PMICS. A number of significant electronic equipment manufacturers are also essential to the region's prosperity. As more electric and hybrid vehicles are put on the road, the demand for PMICs in this area will rise as well. In 2021, the Chinese government issued three national regulations on the specifications for battery safety in electric vehicles, including their protection against thermal diffusion, mechanical shock, external fire, overcharge, and over-temperature.

North America is projected to have USD 14,892 million and expand at a CAGR of 4.41% by 2030. PMICS market integrated products are expected to be primarily driven by an increase in industrialization, the development of durable consumer electronics, and the rising automotive industry in North America. The demand for portable electronic devices is anticipated to increase in North America throughout the course of the anticipated time frame. The first wireless earbud-specific all-in-one power ICs of their kind were unveiled by Samsung US in 2021.