Power Management Integrated Circuits (PMIC) Producers and PMIC Market Trend

Power Management Integrated Circuits (PMIC) are chips that are responsible for the conversion, distribution, detection and other power management of electrical energy in electronic equipment systems. It is mainly responsible for identifying the CPU power supply amplitude and generating the corresponding short moment wave to drive the post-stage circuit for power output. There are a wide range of PMICs, including AC-DC, DC-DC, LDO, PFM/PWM, PFC and other voltage, frequency or power modulation chips, hot swap control chips, constant current driver chips and overvoltage and overcurrent protection chips, as well as battery charge and discharge management chips.

The global PMIC market size was USD 22.1 billion in 2017, growing to USD 35.0 billion in 2022, with a CAGR of 9.6% from 2017 to 2022. With the development of downstream markets such as 5G communication, new energy vehicles and Internet of Things, the number and types of electronic devices continue to grow, and the management of the power application efficiency of these devices will be more important, which will drive the growth of PMIC demand. The global PMIC market size is expected to grow to USD 49.6 billion in 2027, with a CAGR of 7.2% from 2022 to 2027.

Figure 2017-2027 Global PMIC Market Size (Billion USD) and CAGR

The global PMIC market is highly concentrated, and the global market is dominated by TI, Qualcomm, ADI, Maxim, and Infineon, with the top five manufacturers together accounting for more than 70% market share.

PMIC are used in consumer electronics (48.3%), industrial (18.9%), computing (11.7%), transportation (9.3%), communications (8.0%), and medical (2.8%).