Power Management IC Market Report 2026

The power management ic market size has grown strongly in recent years. It will grow from $35.87 billion in 2025 to $38.29 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growth in consumer electronics manufacturing, increasing complexity of electronic device architectures, rising adoption of battery powered devices, demand for stable voltage regulation solutions, expansion of semiconductor integration capabilities.

The power management ic market size is expected to see strong growth in the next few years. It will grow to $48.63 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growth in electric vehicle production, rising deployment of IoT enabled devices, increasing demand for energy efficient power conversion, advancements in wide bandgap semiconductor materials, expansion of renewable power and energy storage systems. Major trends in the forecast period include rising integration of power management ICs in compact electronic devices, growing demand for high efficiency and low power consumption ICs, increasing adoption of advanced battery management solutions, expansion of power management IC usage in automotive electronics, rising focus on thermal management and power density optimization.

The rise in electric vehicle (EV) adoption is expected to drive growth in the power management IC market. EVs utilize electric motors powered by rechargeable batteries, offering a sustainable alternative to traditional vehicles. This shift is fueled by environmental benefits, technological advancements, and the expanding infrastructure of charging stations. Power management ICs within EVs optimize battery usage, manage power distribution, and improve overall energy efficiency, ensuring reliable performance and extending battery life. For instance, in July 2023, the International Energy Agency reported a 25% increase in EV sales, with over 2.3 million units sold in the first quarter compared to the previous year. Sales are projected to reach 14 million by the end of 2023, showing a 35% year-on-year growth, particularly accelerating in the latter half of the year. Therefore, the growing adoption of EVs is a significant driver of the power management IC market's expansion.

Leading companies in the power management IC market are concentrating on advancing technologies such as filter-integrated circuits to enhance system functionality while reducing costs. These semiconductor devices are designed to process electronic signals by selectively allowing certain frequencies to pass and attenuating others, commonly used in signal processing and communication systems. For instance, in March 2023, Texas Instruments Inc. introduced active electromagnetic interference (EMI) filter integrated circuits (ICs) that support high-density power supply designs. These ICs integrate sensing, filtering, gain, and injection stages and are packaged in a SOT-23 14-pin format. They effectively diminish common-mode electromagnetic interference (EMI) in single-phase power supply systems, resulting in smaller, lighter, and more cost-effective filter designs.

In October 2025, onsemi, a US-based power and sensor semiconductor company, acquired Vcore Power Technology from Aura Semiconductor for an undisclosed sum. This acquisition enables onsemi to broaden its power management IC portfolio, encompassing the entire power chain from grid to core, with a strong emphasis on AI data centers and high-performance computing applications. Aura Semiconductor, based in India, is a fabless semiconductor company specializing in the manufacture of power management integrated circuits (PMICs).

Major companies operating in the power management ic market are Qualcomm Technologies Inc., Texas Instruments Inc., MediaTek Inc., STMicroelectronics NV, Infineon Technologies AG, Renesas Electronics Corp., Analog Devices Inc., Toshiba Electronic Devices And Storage Corp., NXP Semiconductors NV, Microchip Technology Inc., Vishay Intertechnology Inc., ON Semiconductor Corp., Diodes Inc., Monolithic Power Systems Inc., Silicon Laboratories Inc., Allegro MicroSystems Inc., Nordic Semiconductor, Semtech Corp., Power Integrations Inc., Vicor Corp., ABLIC Inc., ShanghAI Belling Co.Ltd., Rohm Co. Ltd., Rantle East Electronic Trading Co.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the power management IC market by increasing costs of imported semiconductor wafers, packaging materials, and fabrication equipment used in IC manufacturing. These impacts are most evident across consumer electronics, automotive, and industrial segments, particularly in asia pacific regions such as china and taiwan that dominate semiconductor production. Higher tariffs have led to pricing pressure and supply chain adjustments for OEMs. At the same time, tariffs are encouraging regional semiconductor manufacturing, supply chain diversification, and investment in domestic power IC production capabilities.

The power management IC market research report is one of a series of new reports that provides power management IC market statistics, including power management IC industry global market size, regional shares, competitors with a power management IC market share, detailed power management IC market segments, market trends and opportunities, and any further data you may need to thrive in the power management IC industry. This power management IC market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A power management integrated circuit (IC) is an electronic component designed specifically to handle the power needs of devices by efficiently controlling voltage and current distribution. It consolidates multiple power control functions, including voltage regulation, power sequencing, and battery management, within a single chip.

The primary types of power management ICs include voltage regulators, linear voltage regulators, DC regulators, motor control ICs, integrated ASSPS power management ICs, and battery management ICs. Voltage regulators maintain a consistent voltage level for devices despite fluctuations in input voltage or changes in load conditions. They encompass both digital and analog functions, operating across a range from 1µA to above 100A. These ICs find applications in various fields such as consumer electronics, automotive, information technology, telecommunications, healthcare, industrial sectors, power and energy, aerospace, defense, and others. They serve essential roles in linear regulators, voltage detectors (reset ICs), LED controllers, DC-DC converters (switching regulators), switch ICs, and other specialized functions.North America was the largest region in the power management IC market in 2025. The regions covered in the power management ic market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the power management ic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The power management IC market consists of sales of discrete power management components such as buck converters, boost converters, buck-boost converters, and power distribution switches. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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