Power Management IC Market Size Is Anticipated To Reach USD 59.63 Billion By 2030
San Francisco, 25 Oct 2024: The Report Power Management IC Market Size, Share & Trends Analysis Report By Product (Linear Regulators, Switching Regulators, Battery Management ICs, Power Supply ICs), By Industry Vertical (Consumer Electronics, Automotive), By Region, And Segment Forecasts, 2024 - 2030 The global power management IC market to reach USD 59.63 billion in 2030 and is expected to grow at a CAGR of 6.8% from 2024 to 2030. Power management integrated circuits (PMICs) are essential components in electronic devices that efficiently manage and control the flow of electrical power. They play a crucial role in optimizing battery life, improving device performance, and ensuring safe operation. PMICs are used in a wide range of applications, including smartphones, laptops, tablets, wearable devices, automotive electronics, industrial equipment, and consumer appliances. The power management integrated circuit market is experiencing rapid growth due to ...